Taiwan Tire Market to Grow with a CAGR of 5.97% through 2030
Rising vehicle ownership, increasing demand for replacement tires, and
growing focus on premium tire segments are the factors driving the market in
the forecast period 2026-2030.
According to TechSci Research report, “Taiwan Tire Market –
Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Taiwan Tire Market was valued at USD 1.73 Billion in 2024 and is expected
to reach USD 2.45 Billion by 2030 with a CAGR of 5.97% during the forecast
period.
The Taiwan tire market is navigating a complex phase shaped by shifting
consumer preferences, evolving mobility trends, and industry adaptation to new
technologies. The surge in multi-vehicle ownership, with individuals
increasingly registering both motorcycles and passenger cars, has directly
impacted tire replacement cycles and boosted aftermarket demand. Taiwan's
growing urban commuting culture, coupled with lifestyle shifts toward
personalized mobility, is fueling steady demand for two-wheeler and passenger
car tires. The market is also seeing a push from heightened focus on vehicle
safety standards, prompting consumers to prioritize tire quality and
reliability.
Another key factor shaping the market is the rising influence of digital
retail platforms, making tire purchases more accessible and transparent. Online
marketplaces and service integrations are enabling consumers to compare prices,
check availability, and book installation services with ease, driving
competition in both urban and semi-urban areas. Meanwhile, regulatory emphasis
on road safety inspections and vehicle maintenance compliance is ensuring a
steady replacement cycle for worn-out tires.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "Taiwan Tire Market"
Taiwan
Tire Market Is Segmented by Vehicle Type, Tire Construction Type, Demand
Category, and Region.
In 2024, the replacement
tire segment experienced the fastest growth in Taiwan, outpacing the OEM side
due to a surging focus on vehicle upkeep and extended usage. As more vehicle
owners retained cars and motorcycles beyond their warranty periods, replacement
cycles accelerated, prompting increased tire purchases. Heightened awareness of
safety and performance standards spurred regular tire inspection and
replacement behavior. Expansion of aftermarket service providers, including
mobile fitment services and tire retailers, made replacements more convenient
and accessible, reinforcing this growth trend. Increasing preference for
all-season and performance tires in the aftermarket further supported segment
expansion, as users sought tailored tire solutions suited to diverse driving
conditions. The rising complexity and cost of modern vehicles encouraged owners
to invest in quality replacement options to preserve performance and safety,
contributing significantly to segment growth.
Among regional markets
outside the dominant north, the middle region recorded the fastest expansion in
replacement demand during 2024. Industrial growth and bustling logistics zones
in this central area led to increased commercial vehicle usage, resulting in
more frequent tire replacements for trucks and delivery fleets. Passenger
vehicle owners, responding to longer commute patterns and seasonal driving,
also contributed to aftermarket growth. Well-established service networks in
towns and cities across central Taiwan improved access to replacement options
and swift turnaround. This central-region surge underscores the replacement
segment’s resilience and growth potential across differing mobility landscapes.
Major Market
Players Operating in Taiwan Tire Market Are:
- Bridgestone
Corporation
- Michelin
Group
- The
Goodyear Tires & Rubber Company
- Continental
AG
- Pirelli
& C. S.p.A.
- Yokohama
Rubber Company, Limited
- Hankook
Tires & Technology Co., Ltd.
- Kumho
Tire Co., Inc.
- Sumitomo
Rubber Industries, Ltd.
- Toyo
Tire Corporation
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“The Taiwan tire market is quite
fascinating right now. We’re seeing a shift where consumers aren’t just buying
tires out of necessity they’re looking at performance, safety, and even how the
tires fit their daily lifestyle. With more people owning multiple vehicles and
the rise of digital platforms making tire purchases easier, the aftermarket is
growing stronger. What’s interesting is how the market is balancing between
traditional buying behavior and this new wave of tech-driven, informed
consumers. It’s a space where demand isn’t just holding steady it’s evolving.”,
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
global management consulting firm.
“Taiwan Tire Market – Size,
Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger
Car, Commercial Vehicle, Two-Wheelers), By Tire Construction Type (Radial,
Bias), By Demand Category (OEM, Replacement), By Region, By Competition, 2020-2030F”, assesses the market's future
growth potential and provides data on market size, trends, and forecasts. It
aims to offer comprehensive market insights, helping decision-makers make
informed investment choices. The report also highlights emerging trends, key
drivers, challenges, and opportunities in the Taiwan Tire Market.
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