Japan Tire Market Analysis: 1.03% CAGR Backed by Rising Demand

Japan Tire Market Analysis: 1.03% CAGR Backed by Rising Demand

Japan Tire Market Overview: 2025-2030

Base Year: 2024

Historical Years:  2020–23

Forecast Years: 2025-2030

The Japan Tire Market 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.

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Japan Tire Market Dynamics: 2025-2030

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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Japan Tire Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

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

By Demand Type

-OEM

-Replacement

Of both, the demand for replacement tires has witnessed a significant surge during the historical period. In 2022,

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 18”

-18.1” to 20”

-20.1” to 22.5”

-22.6” to 30”

- 30.1” to 35”

-35.1” to 47”

-Above 47”

By Price Category

-Low

-Medium

-High.

By Region

-Hokkaido

-Tohoku

-Kanto

-Chubu

-Others

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Japan Tire Market:

-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.

Industry Recent Developments:

  • 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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