Australia Tire Market Size, Share, Growth, Trend & Forecast 2026

Report Description

Australia tire market was valued around USD2.04 billion in 2020 and is forecast to reach USD2.70 billion by 2026, growing at a CAGR of 4.19% by 2026 on account of growing fleet size of vehicles which in turn is driving the aftermarket tire sales in Australia. There is a visible rise in the demand for sports utility vehicles (SUVs) in Australia, thereby boosting the demand for SUV tires among the other passenger car segments in the country. As there is an increase in the number of people preferring personal modes of transportation for commuting, sales of passenger cars will keep on growing in the coming years, thereby urging the aftermarket demand for tires in Australia over the next five years. However, due to the imposed lockdown, following the COVID-19 outbreak, which resulted in economic instability in 2020, the sales of automobiles in the country dropped significantly. After the long and hugely negative effect of the COVID-19 lockdown, the tire market has again gained some pace in Australia. After a big drop in the production and sales in previous months, the production of vehicles has resumed, with sales also picking the pace, which is going to elevate demand for tires in the country.

The Australia tire market can be segmented based on vehicle type, tire construction type, sales channel, and region. On the basis of sales channel, offline sales of tires dominate the overall Australia tire market with more than 4/5th of the total market share. On the basis of vehicle type, passenger car tires are leading the Australia tire market with more than half of the total market, followed by LCV, M&HCV, Two-Wheeler and OTR. In the forecast period also, it is expected that passenger car tires will acquire significant share than any other, but two-wheeler tires will increase at a higher CAGR in comparison to other vehicle types. On the basis of tire construction type, radial tires dominated Australia tire market over bias tire with more than 75% share in 2020. This is mainly due to high demand for passenger cars and the escalating fleet of passenger cars, and it has been expected that it will dominate the market in upcoming years also.

Major players operating in the Australia tire market are Bridgestone Australia LTD, Goodyear & Dunlop Tires (Aust) Pty Ltd, Yokohama Tire Australia Pty Ltd, Michelin Australia Pty. Ltd, Kumho Tyre Australia Pty Ltd. Key players are developing advanced technologies and introducing new products to stay competitive in the market. Other competitive strategies include unification and accretion and new product developments. Players operating in the market are improving R&D potentiality while enhancing operational efficiency to register constructive growth.

Years considered for this report:

Historical Period: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

To analyze the historical growth in the market size of Australia tire market from 2016 to 2020.
To estimate and forecast the market size of Australia tire market from 2021 to 2026 and growth rate until 2026.
To identify dominant region or segment in the Australia tire market.
To identify drivers and challenges for Australia tire market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia tire market.
To conduct pricing analysis for Australia tire market.
To identify and analyze the profile of leading players operating in Australia tire market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Australia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across Australia.

TechSci Research calculated the market size of Australia Tire Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Original equipment manufacturers, suppliers and other stakeholders
Research organizations and consulting companies
Government bodies such as regulating authorities and policy makers.
Organizations, forums and alliances related to Australia tire market.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Australia tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Australia Tire Market, By Vehicle Type:

Passenger car
LCV
M&HCV
Two-Wheeler
OTR

Australia Tire Market, By Tire Construction Type:

Radial
Bias

Australia Tire Market, By Sales Channel:

Offline
Online

Australia Tire Market, By Price Segment:

Budget
Ultra-Budget
Premium

Australia Tire Market, By Region:

New South Wales
Victoria
Queensland
Western Australia
South Australia
Tasmania
Australian Capital Territory
Northern Territory

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors Influencing Purchase Decision

4.2. Brand Recall

4.3. Brand Switching

4.4. Brand Satisfaction Level

5. Australia Tire Market Outlook, 2016-2026

5.1. Market Size & Forecast

5.1.1. By Value (USD Billion) & Volume (Million Units)

5.2. Market Share & Forecast (By Volume)

5.2.1. By Vehicle Type (Passenger Car, Two-Wheeler, LCV, M&HCV, and OTR)

5.2.2. By Tire Construction Type (Radial and Bias)

5.2.3. By Sales Channel (Online and Offline)

5.2.4. By Price Segment (Ultra Budget, Budget and Premium)

5.2.5. By Region

5.2.6. By Top Five Cities (2020)

5.2.7. By Company (2020)

5.3. Vehicle Fleet Size, 2016-2026

5.4. Market Map (By Vehicle Type, By Region)

6. Australia Passenger Car Tire Market Outlook, 2016-2026

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast (By Volume)

6.2.1. By Vehicle Type (Hatchback, Sedan and SUV/MPV)

6.2.2. By Tire Construction Type

6.2.3. By Sales Channel

6.2.4. By Rim Size

6.2.5. By Price Segment

6.3. Prominent Tire Sizes

6.4. Passenger Car Fleet Size, 2016-2026

7. Australia Light Commercial Vehicle (LCV) Tire Market Outlook, 2016-2026

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast (By Volume)

7.2.1. By Vehicle Type (Pickup Truck, Panel Van)

7.2.2. By Tire Construction Type

7.2.3. By Sales Channel

7.2.4. By Rim Size

7.2.5. By Price Segment

7.3. Prominent Tire Sizes

7.4. Light Commercial Vehicle Fleet Size, 2016-2026

8. Australia Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook, 2016-2026

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast (By Volume)

8.2.1. By Vehicle Type (Truck and Bus)

8.2.2. By Tire Construction Type

8.2.3. By Sales Channel

8.2.4. By Rim Size

8.2.5. By Price Segment

8.3. Prominent Tire Sizes

8.4. Medium & Heavy Commercial Vehicle Fleet Size, 2016-2026

9. Australia OTR Tire Market Outlook, 2016-2026

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast (By Volume)

9.2.1. By Application Type (Mining Vehicles, Construction & Industrial Vehicles, Agriculture Vehicles, Others)

9.2.2. By Tire Construction Type

9.2.3. By Sales Channel

9.2.4. By Rim Size

9.2.5. By Price Segment

9.3. Prominent Tire Sizes

9.4. Tractor Fleet Size, 2016-2026

10. Australia Two-Wheeler Tire Market Outlook, 2016-2026

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast (By Volume)

10.2.1. By Vehicle Type (Motorcycle, Scooters/Mopeds)

10.2.2. By Tire Construction Type

10.2.3. By Sales Channel

10.2.4. By Rim Size

10.2.5. By Price Segment

10.3. Prominent Tire Sizes

10.4. Two-Wheeler Fleet Size, 2016-2026

11. Import-Export Analysis

12. Supply Chain Analysis

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Policy and Regulatory Landscape

16. Prominent Dealers/Distributors

17. Australia Economic profile

18. Impact of COVID-19 on Australia Tire Market

19. Competitive Landscape

19.1. Bridgestone Australia Limited

19.2. Goodyear & Dunlop Tyres (Aust) Pty Ltd

19.3. Yokohama Tyre Australia Pty Ltd

19.4. Michelin Australia Pty. Ltd.

19.5. Kumho Tyre Australia Pty Ltd

19.6. Hankook Tyre Australia Pty. Ltd.

19.7. Continental Tyres of Australia Pty Ltd.

19.8. Pirelli Tyres Australia Pty Ltd.

19.9. Toyo Tyre & Rubber Australia Limited

19.10. Federal Tyres Australia

20. Strategic Recommendations

21. About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: Australia Tire Market Size, By Value (USD Billion), 2016-2026F

Figure 2: Australia Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 3: Australia Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 4: Australia Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 5: Australia Tire Market Share, By Sales Channel, By Volume, 2016-2026F

Figure 6: Australia Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 7: Australia Tire Market Share, By Region, By Volume, 2016-2026F

Figure 8: Australia Tire Market Share, By Top Five Cities, By Volume, 2020

Figure 9: Australia Tire Market Share, By Company, By Volume, 2020

Figure 10: Australia Vehicle Fleet Size, By Volume (Million Units), 2016-2026F

Figure 11: Australia Tire Market Map, By Vehicle Type on the Basis of Market Size (Million Units) & Growth Rate (%)

Figure 12: Australia Tire Market Map, By Region on the Basis of Market Size (Million Units) & Growth Rate (%)

Figure 13: Australia Passenger Car Tire Market Size, By Value (USD Billion), 2016-2026F

Figure 14: Australia Passenger Car Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 15: Australia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 16: Australia Passenger Car Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 17: Australia Passenger Car Tire Market Share, By Sales Channel, By Volume, 2016-2026F

Figure 18: Australia Passenger Car Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 19: Australia Passenger Car Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 20: Australia Passenger Car Fleet Size, By Volume (Million Units), 2016-2026F

Figure 21: Australia Light Commercial Vehicle Tire Market Size, By Value (USD Billion), 2016-2026F

Figure 22: Australia Light Commercial Vehicle Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 23: Australia Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 24: Australia Light Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 25: Australia Light Commercial Vehicle Tire Market Share, By Sales Channel, By Volume, 2016-2026F

Figure 26: Australia Light Commercial Vehicle Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 27: Australia Light Commercial Vehicle Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 28: Australia Light Commercial Vehicle Fleet Size, By Volume (Million Units), 2016-2026F

Figure 29: Australia Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), 2016-2026F

Figure 30: Australia Medium & Heavy Commercial Vehicle Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 31: Australia Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 32: Australia Medium & Heavy Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 33: Australia Medium & Heavy Commercial Vehicle Tire Market Share, By Sales Channel, By Volume, 2016-2026F

Figure 34: Australia Medium & Heavy Commercial Vehicle Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 35: Australia Medium & Heavy Commercial Vehicle Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 36: Australia Medium & Heavy Commercial Vehicle Fleet Size, By Volume (Million Units), 2016-2026F

Figure 37: Australia OTR Tire Market Size, By Value (USD Billion), 2016-2026F

Figure 38: Australia OTR Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 39: Australia OTR Tire Market Share, By Application Type, By Volume, 2016-2026F

Figure 40: Australia OTR Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 41: Australia OTR Tire Market Share, By Sales Channel, By Volume, 2016-2026F

Figure 42: Australia OTR Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 43: Australia OTR Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 44: Australia Tractor Fleet Size, By Volume (Million Units), 2016-2026F

Figure 45: Australia Two-Wheeler Tire Market Size, By Value (USD Billion), 2016-2026F

Figure 46: Australia Two-Wheeler Tire Market Size, By Volume (Million Units), 2016-2026F

Figure 47: Australia Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 48: Australia Two-Wheeler Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F

Figure 49: Australia Two-Wheeler Tire Market Share, By Sales Channel, By Volume, 2016-2026F

Figure 50: Australia Two-Wheeler Tire Market Share, By Rim Size, By Volume, 2016-2026F

Figure 51: Australia Two-Wheeler Tire Market Share, By Price Segment, By Volume, 2016-2026F

Figure 52: Australia Two-Wheeler Fleet Size, By Volume (Million Units), 2016-2026F

Figure 53: Australia Passenger Car Tire Imports, By Value (USD Million), 2015-2020

Figure 54: Australia Passenger Car Tire Exports, By Value (USD Million), 2015-2020

Figure 55: Australia Two-Wheeler Tire Imports, By Value (USD Million), 2015-2020

Figure 56: Australia Two-Wheeler Tire Exports, By Value (USD Million), 2015-2020

Figure 57: Australia Commercial Vehicle Tire Imports, By Value (USD Million), 2015-2020

Figure 58: Australia Commercial Vehicle Tire Exports, By Value (USD Million), 2015-2020

List of Tables

Table 1: Australia Prominent Passenger Car Tire Sizes, 2020

Table 2: Australia Prominent Light Commercial Vehicle Tire Sizes, 2020

Table 3: Australia Prominent Medium & Heavy Commercial Vehicle Tire Sizes, 2020

Table 4: Australia Prominent OTR Tire Sizes, 2020

Table 5: Australia Prominent Two-Wheeler Tire Sizes, 2020

Table 6: Australia Import Duties on Tires

Table 7: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Tire Importers, Vehicle Manufacturers and Miners)

Table 8: List of Prominent Tire Dealers in Australia, 2021

Frequently asked questions

Which type of vehicle segment accounted for the largest share in Australia tire market?

Passenger car segment accounted for the largest share of more than 65% in 2020, in the Australia tire market buoyed by the increasing penetration of SUV and luxury cars.

Who are the key players in Australia tire market?

Some of the key players in the Australia tire market include Bridgestone Australia LTD, Goodyear & Dunlop Tires (Aust) Pty Ltd, Yokohama Tire Australia Pty Ltd, Michelin Australia Pty. Ltd, and Kumho Tyre Australia Pty Ltd.

Which region of the country had the most sales of tires in 2020?

The New South Wales region accounted for the highest sales of tires in the Australia tire market in 2020 by volume and the same is expected in the forecast years as well.

Which has the largest share by construction type in the Australia tire market?

Radial tire construction type generates higher demand in the Australia tire market and accounted for market share of around 89% in 2020 of the total market because of the growing penetration of passenger cars as radial tires are mostly equipped in passenger cars.