The Japan Tire Market size sales volume was 121.29 million units in 2024 and is projected to reach 136.29 million units in 2030. Along with this, the market is also estimated to grow at a CAGR of around 1.03% during the forecast period, 2025-30. According to MarkNtel Advisors Study.
Japan Tire Market Opportunity:
Leveraging the Electric Vehicle Trend: The government of Japan aims to bring a 100% transition to EVs by 2035, resulting in a growing emphasis on exploring electric vehicles (EVs) trends. EVs often demand specialized tires designed for better energy efficiency and reduced road noise. This preference change might open up new opportunities for tire manufacturers in Japan to cater to the emerging electric vehicle market. By embracing this trend, the Japanese automotive industry garners international investors and partners, positioning itself as an attractive destination for EV-related investments and collaborations. This fosters technology transfers and elevates the industry’s global competitiveness. Besides, re-entering the EV segment allows Japanese tire manufacturers to consolidate their dominance as a major player in the world’s automotive market, further solidifying their reputation for innovation and sustainable mobility solutions.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Japan Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Vehicle Type
- Passenger Cars
- SUV
- Sedan
- Hatchback & Bakkies
- Light Commercial Vehicles (LCV)
- Light Trucks
- Light Buses
- Pickup trucks & Vans
- Medium & High Commercial Vehicles
- Bus
- Truck
- Two Wheelers
- Moped
- Scooters
- Motorcycles
- Off the Road (OTR)
- Earthmoving Equipment
- Material Handling Equipment
- Industrial & Mining Equipment
- Passenger Cars
- By Demand Type
- OEM
- Replacement
- By Type of Tire
- Radial
- Bias
- By Season
- All Season
- Summer
- By Sales Channel
- Online
- Dealers/ Exclusive Outlets
- Others
- By Rim Size
- Upto 12
- 12.1” to 15”
- 15.1.” to 20”
- 20.1” to 20”
- 20.1” to 22.5”
- 22.6” to 26”
- 26.1” to 35”
- 35.1” to 47”
- Above 47”
- By Price Category
- Low
- Medium
- High
- By Region
- Hokkaido
- Tohoku
- Kanto
- Chubu
- Others
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Bridgestone Corporation, Sumitomo Rubber Industries Limited, Yokohama Rubber Company Limited, Toyo Tires & Rubber Company Limited, Kumho Tire Japan Inc., Japan Michelin Tire Co Ltd., Japan Goodyear Inc., Japan Pirelli Inc., Hankook Tire Japan, and others are looking forward to strengthening their market positions.
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Japan Tire Industry Recent Development:
In April 2023, Bridgestone transitioned all the electricity purchased to renewable energy sources at six tire and raw materials plants in Japan.
In January 2023, The Yokohama Rubber Co., Ltd. announced the commencement of operations at their state-of-the-art indoor ice circle test facility within the Tire Test Center of Hokkaido (TTCH). The primary focus is to conduct rigorous tests on winter tires’ turning capabilities on icy surfaces. It is Japan’s most extensive indoor facility designed explicitly for evaluating tire turning performance on ice.
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