Australia Tire Market Demand, Share, and Strategic Outlook

Australia Tire Market Projected to Expand at 4% CAGR Through 2027

The Australia Tire Market is projected to grow at around 4% CAGR during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven by the rapidly increasing number of large-scale construction projects, including the development of roads, highways, & buildings, among others, owing to the mounting focus of the Australian government on infrastructural developments. It, in turn, is augmenting the demand for several heavy commercial vehicles.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Australia Tire Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Type of Vehicles

Passenger Car
Light Commercial Vehicle
Buses and Trucks
Medium and Heavy Commercial Vehicles
Off the Road (OTR)
Two Wheelers
Three Wheeler

Amongst all vehicle types, passenger cars are anticipated to continue their dominance in the Australia Tire Market during the forecast period. It owes principally to the growing customer preference toward owning vehicles for commuting across Australia entwined with the changing living standards & increasing purchasing power of people, i.e., fueling the sales of these cars and swiftly augmenting the demand for tires in the country.

By Demand Category

OEM
Replacement

By Type of Tire

Radial
Bias

Of both, Radial tires acquired the largest share of the Australia Tire Market in recent years. It owes to the increasing government focus on infrastructural developments by laying out several construction projects for roads, highways, buildings, complexes, etc. It, in turn, is propelling the demand for heavy commercial vehicles like bulldozers, excavators, cranes, etc., and augmenting the demand for radial tires, owing to their low rolling resistance, massive load capacity, stability on different terrains, firm grip, and flexible sidewalls.

By Sales Channel

Dealer/Exclusive Outlets
Online
Direct Sales

By Season

All season
Summer

By Price Category

Budget (Up to USD90)
Economy (USD91-USD140)
Premium (Above USD140)

By Rim Diameter

Upto 12”
1” to 15”
1.” to 18”
1” to 20”
1” to 22.5”
6” to 26”
1” to 35”
1” to 47”
Above 47”

By Region

West
North
South
Queensland
New South Wales
Victoria.

These divisions help clarify demand patterns and expected shifts.

Market Driver

Increasing Construction Activities - Since the government of Australia is increasingly focusing on the development of the country's infrastructure, the number of construction projects for roads, highways, complexes, residential & commercial buildings, educational institutions, healthcare facilities, among others, is escalating swiftly. It, in turn, is propelling the demand for robust vehicles & construction equipment like bulldozers, cranes, excavators, and others.

As a result, this mounting demand for heavy vehicles is directly impacting the requirement for robust tires to deliver improved grips, stability on different terrains, and low rolling resistance & traction, among other capabilities. Therefore, automakers & tire manufacturers are seeking different opportunities to introduce new vehicles & tires and expand their production capacities to suffice the burgeoning tire requirement and boost the market in the coming years.

Australia Tire Market Competitive Snapshot from 2022-2027

The report highlights established and emerging players in the global Australia Tire Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Bridgestone
Goodyear and Dunlop Tyres
Continental
Yokohama
Michelin
Pirelli
Kumho
Hankook
Toyo
Federal tyres Australia.

Their activities include partnerships, product launches, and geographic expansions.

Australia Tire Industry Opportunity

Growing Encouragement for the Adoption of Electric Vehicles (EVs) - With growing concerns over the alarming levels of pollution & environmental degradation, the government of Australia is taking initiatives for encouraging people to adopt Electric Vehicles (EVs) as an alternative for transportation in order to reduce dependency on non-renewable fuel & contribute to environmental sustainability. It, in turn, is generating growth opportunities for both automakers & tire manufacturers to introduce new vehicles & tires and expand their visibility across the country. Hence, the gradual adoption of these Electric Vehicles (EVs) is anticipated to positively influence the tire market across Australia in the coming years.

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