Japan Tire Market Cross $ 32 billion by 2021
Strong tire
manufacturing base coupled with growing demand for small and mini passenger
cars to drive Japan tire market through 2021
According
to recently released TechSci Research report, “Japan Tire Market Forecast & Opportunities, 2021”,
tire market in Japan is anticipated to cross $ 32 billion by 2021, on account
of consistent growth in passenger
car production and sales, expanding automobile fleet and emergence of new
technologies leading to the development of fuel-efficient and green tires. In
addition to various leading automobile manufacturers, the
country is home to four major tire manufacturing companies, namely Bridgestone
Corporation, Sumitomo Rubber Industries, Toyo Tire & Rubber Company and
Yokohama Rubber Company.
Browse 24
market data Tables and 32 Figures spread through 118 Pages and an
in-depth TOC on "Japan
Tire Market "
https://www.techsciresearch.com/report/japan-tire-market/4483.html
Japan is one the largest global automotive markets,
with around 23 tire manufacturing facilities operating in the country and availability
of more than 25 major tire brands. During 2011-2015, the production of
passenger cars, light commercial vehicles, medium & heavy commercial
vehicles & two-wheelers in the country cumulatively grew at a CAGR of more
than 2%, which contributed to the growth of tire market in Japan. Owing to
increasing automobile production coupled with expanding fleet size, the demand
for tires, from both replacement as well as OEM market, is expected to increase
at a robust pace over the next five years.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4483
Customers can also request
for 10% free customization on this report.
In 2015, passenger car tire
segment dominated the Japan tire market, and the segment is anticipated to
maintain its dominance over the next five years as well on account of increasing
popularity of electric and hybrid cars. Kanto region registered majority of the
demand for tires in Japan in 2015. Some
of the major companies operating in Japan tire market include Bridgestone,
Sumitomo, Yokohoma and Toyo, among others.
“Backed by increasing disposable income and growing
urbanization coupled with surging investments in the country’s automotive
sector, Japan automotive industry is expected to grow at a robust pace over the
next five years. With around 115 million internet users in the country, the
market leaders are realigning their business strategies in order to expand
their customer base. E-retailing provides customers with advantages such as
fast delivery period, brand comparison, lower price as compared to the offline
tyre outlets; and these factors are attracting an increasing number of
consumers towards opting for online purchase of tires., said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Japan Tire Market Forecast &
Opportunities, 2021” has evaluated the future growth potential of
tyre market in Japan, and provides statistics and information on market
structure, imports and trends. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and opportunities available in Japan tyre market.
About TechSci Research
TechSci Research is a leading global market research firm
publishing premium market research reports. Serving 700 global clients with
more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
in research based consulting assignments in high growth and emerging markets,
leading technologies and niche applications. Our workforce of more than 100
fulltime Analysts and Consultants employing innovative research solutions and
tracking global and country specific high growth markets helps TechSci clients
to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]