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Report URL- https://www.techsciresearch.com/report/voice-recognition-system-market/1765.html
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According to the TechSci Research report, “Nigeria Tire Market Forecast & Opportunities, 2021’’, the tire market in Nigeria is forecast to surpass $615 million by 2021.
Report URL :- https://www.techsciresearch.com/report/nigeria-tire-market-forecast-and-opportunities-2021/793.html
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According to the TechSci Research report, “Nigeria Tire Market Forecast & Opportunities, 2021’’, the tire market in Nigeria is forecast to surpass $615 million by 2021.
Report URL :- https://www.techsciresearch.com/report/nigeria-tire-market-forecast-and-opportunities-2021/793.html
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Sign up on https://profilesmes.online/welcome/
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2. 2
Scope of Report
Product of Interest (POI): Tire
Review Period
2015 – 2018
Base Year
2019
Estimated Year
2020
Forecast Period
2021 – 2025
Year Range
JAPAN TIRE MARKET
Japan tire market is expected to cross US$ 35 billion by 2025, on account of
increasing production of vehicles and expanding automobile fleet size in the
country. Moreover, rising R&D investments in automobile industry and increasing
purchasing power of people is positively influencing Japan tire market.
Additionally, surging penetration of energy efficient vehicles is further likely to
aid the growth of Japan tire market in the coming years.
Market Segmentation
REGION
• Passenger Car
• LCV
• M&HCV
• Two Wheeler
• Off The Road
DEMAND CATEGORY
• OEM
• Replacement
TIRE TYPE
• Radial
• Bias
VEHICLE TYPE
• Chubu
• Kansai
• Shikoku
• Kanto
• Kyushu
3. 3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice Of Customer
5. Japan Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & By Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Car, LCV, M&HCV, Two Wheeler, Off The Road )
5.2.2. By Tire Type (Radial vs Bias)
5.2.3. By Demand Category (OEM vs Replacement)
5.2.4. By Company
5.2.5. By Region
5.3. Market Attractiveness Index
6. Japan Passenger Car Tire Market Outlook
6.1. Market Size & Forecast
6.1.2. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Hatchback, Sedan, SUV)
4. 4
S. No. Contents Page No.
Table of Contents
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Pickup Truck, Ven, Light Truck)
7.2.2. By Tire Type (Radial vs Bias)
7.2.3. By Demand Category (OEM vs Replacement)
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Trucks And Buses)
8.2.2. By Tire Type (Radial vs Bias)
8.2.3. By Demand Category (OEM vs Replacement)
8.3. Pricing Analysis
7.3. Pricing Analysis
6.2.2. By Tire Type (Radial vs Bias)
6.2.3. By Demand Category (OEM vs Replacement)
9.1. Market Size & Forecast
9.1.1. By Value & Volume
7. Japan Light Commercial Vehicle Tire Market Outlook
8. Japan Medium And Heavy Commercial Vehicle Tire Market Outlook
9. Japan Two Wheeler Tire Market Outlook
5. 5
S. No. Contents Page No.
Table of Contents
9.2.1. By Vehicle Type (Motorcycle/Scooter And Mopeds)
9.2.2. By Tire Type (Radial vs Bias)
9.2.3. By Demand Category (OEM vs Replacement)
10.1. Market Size & Forecast
10.1.1 By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type(Industrial & Mining, Agriculture And Others)
10.2.2. By Tire Type (Radial vs Bias)
10.2.3 By Demand Category (OEM vs Replacement)
10.3. Pricing Analysis
9.3 Pricing Analysis
9.2. Market Share & Forecast
10. Japan OTR Tire Market Outlook
11. Market Dynamics
11.1 Drivers
11.2 Challenges
12. Market Trends & Developments
13. Policy & Regulatory Landscape
14. Impact of COVID-19 on Japan Tire Market
15. Competitive Landscape
15.1. Bridgestone
15.2. Yokohama
6. 6
S. No. Contents Page No.
Table of Contents
16. Strategic Recommendations
17. About Us & Disclaimer
15.3. Sumitomo Tires
15.4. Toyo Tires
15.5. Michelin
15.6. Goodyear
15.7. Pirelli
15.8. Hankook
15.9. Firestone
15.10. Kumho Tires
8. 8
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the Japan tire market,
overall market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the Japan tire market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research
9. 9
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Japan tire market. The team has analyzed the outlook of
various segments of this market, while considering the major influencing factors such as increasing production of vehicles and expanding automobile
fleet size in the country, and speculated a positive growth over the next five years. The study includes market forecasting, which would enable our
clients to take better decisions while planning their strategy to achieve sustainability in the Japan tire market.
Methodology Followed for Calculation of Market Size:
• Market Size By Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as tire manufacturer & supplier companies, channel
partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 tire manufacturer & supplier companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry
experts and other value chain stakeholders in the Japan tire market to obtain the overall market size for 2015-2019, which was validated by the
Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-
2019.
10. 10
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by vehicle type, by demand category, by tire type, by
region, by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated
across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further
triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by vehicle type, by demand category, by tire type, by region and by company were calculated based on the responses received
through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various
segments of tire markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after
eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To Japan tire market, TechSci
Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
11. 11
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ Michelin
▪ Continental
▪ Bridgestone
▪ Firestone
▪ Yokohama
▪ Dunlop
▪ Goodyear
▪ Hankook
▪ Pirelli
▪ Organisation Internationale des Constructeurs
d'Automobiles
▪ World Electric Vehicle Association (WEVA)
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
12. 12
Industry Brief
According to TechSci Research report, “Japan Tire Market By Vehicle Type, By Tire Type, By Demand Category Type, By Region, Competition, Forecast & Opportunities, 2025”,
Japan tire market is projected to reach $ 35 billion by 2025 on account of increasing production of vehicles and expanding automobile fleet size in the country. Moreover, rising
R&D investments in automobile industry and increasing purchasing power of people is positively influencing Japan tire market. Additionally, surging penetration of energy
efficient vehicles is further likely to aid the growth of Japan tire market in the coming years.
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 over the next five years. Japan is the world's third largest developed economy and is home to major tire manufacturing companies like Bridgestone Corporation,
Sumitomo Rubber Industries, Toyo Tire & Rubber Company and Yokohama Rubber Company. Moreover, with presence of over sixteen automobile majors, including Toyota,
Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru, Isuzu, Kawasaki, Yamaha and Mitsuoka, Japan is also one of the major automobile hubs in the world.
Japan tire market is segmented by vehicle type (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Two wheeler, Off The Road Vehicle), by tire
type (Radial and Bias), by demand category (OEM vs Replacement) and region. In terms of tire type, radial category accounted for the largest market share in 2019 and is
expected to maintain its leading market position during the forecast period as radial are long lasting as compared to bias tires and radial tires provide better traction and grip to
vehicles in difficult road conditions. The passenger car segment dominates Japan tire market on account of large fleet and increasing vehicle production and sales. Bridgestone,
Yokohama, Sumitomo and Toyo are the major tire players operating in Japan tire market. Around 50% of the market share is accounted for by Chinese players as they are low
priced and easily available. The tire companies are making huge investments in the research & development, product launches and expansion of sales network through joint
ventures and partnerships.
Kanto, Chubu and Kansai regions in Japan are heavily inhabited and account for the majority share in the Japan tire market. These regions account for the largest automobile
fleet in Japan. Automobile fleet in these regions is expected to expand further over the next 4-5 years due to high population growth and economic concentration. “Presence of
huge passenger car fleet and increasing inclination towards environment friendly tire technologies is leading to the development of fuel-efficient and green tires in Japan. Growth
in online tire sales is also driving the market as E-retailing provides customers with advantages such as fast delivery period, brand comparison, lower price as compared to the
offline tire 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.
13. 13
Sample Data - Snapshot
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00
2015 2019 2020E 2025F
By Value (USD Million)
By Volume ( Million units)
Japan Tire Market Size, By Value(USD Million) & By Volume (Million Units), 2015-2025F
CAGR By Value & By Volume
XX%
CAGR By Value & By Volume
YY%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
40%
40%
40%
40%
40%
40%
40%
40%
40%
40%
40%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
Hatchback Sedan SUV
Japan Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
2015
2016
2017
2018
2019
2020E
2021F
2022F
2023F
2024F
2025F
Radial Bias
Japan Passenger Car Tire Market Share, By Tire Type, By Volume, 2015-2025F
14. 14
Report Ordering
Report Name: JAPAN TIRE MARKET
FORECAST & OPPORTUNITIES
2015 – 2025
To View Sample OR Purchase Report
License Type Price
Single User License $3450
Multi-User License $4450
Custom Research License $8450
15. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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