일본 타이어 시장은 2024년 146억 달러 규모에 달할 것으로 예상되며, 예측 기간 동안 5.9%의 CAGR로 2032년에는 232억 달러에 달할 것으로 예상됩니다. 자동차 생산량 및 수요 증가, 자동차 보유 대수 증가, 타이어 제조업체의 경쟁 심화, 기술 발전 등이 일본 타이어 시장의 성장에 기여했습니다. 또한, 인구 증가, 급속한 도시화, 핵가족화, 소비자의 구매력 향상도 시장 성장에 기여했으며, COVID-19 이후 많은 신흥 산업과 E-Commerce 사업에서 기업들이 고객 및 거래처에 택배 및 운송 솔루션을 제공함에 따라 트럭, 트랙터, 트레일러와 같은 상용차 생산이 증가했습니다. 트레일러 등 상용차 생산이 증가하여 일본 타이어 기업의 수익이 증가하고 있습니다.
일본의 자동차 생산능력은 지속적으로 증가하고 있습니다. 일본 소비자들은 적절한 타이어가 연비, 기동성, 종합적인 안전성을 향상시킨다는 것을 잘 알고 있습니다. 타이어가 제공하는 가격, 총 수명(킬로미터 단위), 안전성과 접지력, 견고성, 연비 효율은 고객이 구매를 결정할 때 고려하는 주요 요소 중 일부입니다. 일본 정부는 효율적이고 지속가능한 환경을 목표로 생산에 관한 기준을 정하고 있으며, 국민들이 보다 효율적이고 환경 친화적인 타이어를 구매하도록 장려하고 있습니다.
그러나 원자재 가격 변동과 타이어 재성형 수요 증가 등의 요인이 시장 확대를 억제할 것으로 예상됩니다. 또한, 기술 향상, 연비 개선, 전기자동차의 인기 증가는 시장 성장을 위한 다양한 기회를 열어줄 것으로 예상됩니다.
상기 기업은 시장 점유율을 기준으로 순위를 보유하지 않으며, 조사 작업 중 입수 가능한 정보에 따라 변경될 수 있습니다.
The Japan tyre market was worth USD 14.6 billion in FY2024 and is further projected to reach USD 23.2 billion by the year FY2032, growing at a CAGR of 5.9% during the forecast period. Increasing production and demand for vehicles, escalation in vehicle ownerships, increased tyre manufacturer competitiveness, and technological advancements contributed to the growth of the Japan tyre market. In addition, the increasing population, rapid urbanization, transition to the nuclear family structure, and better purchasing power of the consumers also contributed to shaping the market growth. Post COVID-19, in many emerging industries and e-commerce businesses, companies are now offering to provide home delivery and transportation solutions to its customers and clients, which has in turn increased the production of commercial vehicles like trucks, tractors and trailers, and therefore, boosting the revenues of tyre companies in Japan.
Japan's vehicle manufacturing capacity is constantly rising. The Japanese consumers understand that having the right vehicle tyre can enhance the fuel efficiency, handling and overall safety. The price, total life (in kilometres), safety & grip, ruggedness, and fuel efficiency offered by the tyre are some of the key factors that the customers consider while making purchasing decision. The government of Japan has set some standards for production with the aim of an efficient and sustainable environment. It encourages the public to buy more efficient and eco-friendly tyres for their vehicles.
However, factors such as fluctuating raw material prices and rising demand for tyre remoulding are anticipated to restrain the market's expansion. Additionally, it is anticipated that improvements in the technology, fuel economy, and the growing popularity of electric cars would open a wide range of opportunities for the market growth.
Passenger Car Tyre Dominates the Japan Tyre Market
With the growing interest in small passenger cars by the Japanese population, the passenger car tyres has been experiencing significant growth with the largest market share in volumes across vehicle types. In the year FY2023, the tyre sales of passenger cars were at around 95,234 thousands units, followed by light truck tyres and truck & bus tyres.
Replacement Tyres Have Significantly Contributed to the Market Growth
Due to their dense population, most of the Japanese cities provide significant challenges for drivers in terms of traffic and parking. Given the huge base of vehicle parc as Japan has traditionally been a matured automobile market with high vehicle ownership for several decades; the replacement tyre segment is the highest contributor holding 66.8% share in the total tyre market in terms of volume in FY2022.
Expansion of the high-rim tyre capacities
High-rim tyres, driven by strong demand for premium and sports vehicles, are rapidly gaining traction in Japan's tyre market. As more automakers produce value-added models requiring high-rim tyres, manufacturers are expanding their production capacity to supply these tyres. High-rim tyres are very well suited for superior and sporty models of luxury cars and SUVs that have recently enjoyed strong demand in both domestic and export markets.
For instance, Bridgestone announced its plans in November 2024 to expand production capacity for high-rim tyres in Japan. The company has been investing intensively in state-of-the-art manufacturing facilities to serve growing demand, mainly for export markets in North America and Europe. This strategic move reflects Bridgestone's commitment to strengthening its market position by catering to evolving consumer preferences and the luxury vehicle segment.
Impact of COVID-19 on the Japan Tyre Market
Due to the outbreak of COVID-19 pandemic, the automotive sector witnessed several setbacks. The economic slowdown, lockdown and social distancing norms limiting public movement and stress on the business and employment sector had a negative impact on the disposable income of consumers which led to a major downturn in Japanese automobile and tyre industry. With the temporary shortage of raw materials in, operational challenges in production, manufacturing, supply chains, and testing caused decline in the Japan tyre market in 2020. Following the removal of COVID-19 restrictions in second half of 2020 and 2021, Japan's automotive and tyre industry recorded a smart recovery.
Impact of Russia-Ukraine War on Japan Tyre Market
Russia and Ukraine war had triggered the slowdown in Japan tyre market, due to future uncertainties and ongoing supply chain issues. Japanese tyre manufacturer Bridgestone Corp., Ltd. had taken an exit from Russia. In March 2022, Bridgestone made the decision to halt all manufacturing operations and new investments in Russia. Along with Bridgestone, Michelin Group, and The Yokohama Rubber Company Limited have stopped their production in Russia.
Key Players Landscape and Outlook
Wide range of companies are involved in the development and manufacturing of tyres in Japan. Factors such as intensified competition, rising demand for high-tech tyres, environmental sustainability practices are the challenges for tyre manufacturers. Bridgestone Corporation is a leading manufacturer and holds significant share of the Japan tyre market. The company intends to complete research and development of new tyre recycling technologies by the year 2030 to lessen the carbon footprint of the automotive supply chain. According to Bridgestone, roughly 10% of the tyres disposed of in Japan each year, or about 100,000 tonnes, are expected to be recycled annually.
The Japan tyre market is highly competitive with the key players involving Sumitomo Rubber Industries Ltd., Yokohama Rubber Company Limited, Toyo Tire Corporation, Michelin Tyre Public Limited Company, Pirelli Tyre S.P.A, among others. In this industry, competitive tactics such as alliances, mergers, acquisitions, joint ventures, etc. are very common. Furthermore, to stay ahead in the competition, players have made significant investments in the R&D projects to introduce new products and increase production capabilities. For instance, in February 2022, the Yokohama Rubber Co. Ltd. launches two new fuel-efficient tyres. The basic concept for this launch is to provide the utmost comfort and longer-lasting tyres for mini-vans.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work