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M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Australia Tyre Market Forecast & Opportunities , 2020
I n d u s t r y B r i e f
© TechSci Research
29
Australia Tyre Market Estimated to Reach US$ 2.8 Billion in 2015 Says TechSci Research
Rising automobile sales, expansion of automobile fleet and favourable government policies toincrease tyre sales in Australia
According to TechSci Research report, “Australia Tyre Market Forecast & Opportunities, 2020”, tyremarket in Australia is forecast to reach around US$ 2.8 billion in 2015. Increase in industrialization,increasing automobile fleet, development of online sales channels as mainstream distributionchannel, and shortening replacement period of tyres are few of the major factors driving sales oftyres in Australia. In 2014, passenger car tyre segment dominated the Australia tyre market,followed by light commercial vehicle tyre and medium & heavy commercial vehicle tyre segments.Two-wheeler and OTR tyre segments cumulatively accounted for only a small share in the Australiatyre market. With high concentration of vehicles in New South Wales, Victoria and Queensland,these three regions account for more than three-fourths of tyre sales in the country.
Bridgestone, Goodyear & Dunlop Tyres, and Yokohoma are few of the leading players operating inAustralia tyre market. However, with no tyre manufacturing facility in Australia, the country iscompletely dependent on imports to meet its domestic tyre demand. Companies such as Michelin,Kumho, Toyo, Hankook, Continental and various Chinese tyre brands are expected to offer stiffcompetition to established players during the forecast period. However, Bridgestone, Goodyear &Dunlop and Yokohoma are forecast to continue their dominance in the country’s tyre marketthrough 2020, due to high consumer preference for tyres from these companies.
"With introduction of the National Tyre Stewardship Scheme by Federal Government of Australia in2014, demand for retreaded tyres in Australia is projected to increase during 2015-20. The schemewas implemented in association with tyre companies, in order to find solutions for end-of-life tyresand increase awareness regarding safe and effective disposal of old tyres.” said Mr. Karan Chechi,Research Director with TechSci Research, a research based global management consulting firm.
T a b l e o f C o n t e n t s
3
© TechSci Research
S. No. Contents
1. Research Methodology
2. Analyst View
3. Product Overview
4. Australia Tyre Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type (Two Wheeler, Passenger Cars, OTR, Commercial Vehicles)
4.2.2. By Company
4.2.3. By Region
5. Australia Passenger Car Tyre Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type
6. Australia Light Commercial Vehicle Tyre Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
T a b l e o f C o n t e n t s
4
S. No. Contents
7. Australia Medium & Heavy Commercial Vehicle Tyre Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
8. Australia OTR Tyre Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
9. Australia Two Wheeler Tyre Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
10. Australia Retreaded Tyre Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges© TechSci Research
T a b l e o f C o n t e n t s
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S. No. Contents
13. Market Trends & Developments
13.1. Rising Demand for Run-flat Tyres
13.2. Introduction of National Tyre Stewardship Scheme
13.3. Mounting Demand for Four-Wheel Drive Tyres
13.4. Trend towards Nitrogen Gas Filling in Tyres
13.5. Increasing Safety Concerns to Drive Demand for Tyre Pressure Monitoring System
14. Policy & Regulatory Landscape
15. Australia Economic Profile
16. Competitive Landscape
16.1. Competitive Benchmarking
16.2. Company Profiles
16.2.1. Bridgestone Australia Ltd.
16.2.2. Goodyear & Dunlop Tyres Australia Pty Ltd
16.2.3. Michelin Australia Pty Ltd
16.2.4. Yokohama Tyre Australia Pty. Ltd.
16.2.5. Continental Tyres of Australia Pty Ltd
16.2.6. Hankook Tyres Australia Pty. Ltd.
16.2.7. Pirelli Tyres Australia Pty Ltd
16.2.8. Kumho Tyre Australia Pty Ltd
16.2.9. Toyo Tire & Rubber Australia Limited
16.2.10. Federal Tyres Australia© TechSci Research
T a b l e o f C o n t e n t s
6
S. No. Contents
17. Strategic Recommendations
18. About Us & Disclaimer
© TechSci Research
R e s e a r c h M e t h o d o l o g y
7
Baseline Methodology :
For the study, TechSci Research has gathered information through primary research surveys with prominent tyre
suppliers based in Australia and later verified the information from major distributors of automobile tyres in the
country. We also put through an exhaustive search of credible paid databases such as Business Week, Factiva,
Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected
information and presented them in chronological order to depict a meaningful and clear picture of the tyre market
in Australia.
While compiling the data, we have also cross checked all the collected information from multiple sources and data
warehouses, so as to present the most accurate and precise information of the concerned industry.
Sources :
Australian Bureau of Statistics (ABS), The Australian Tyre Industry Council (ATIC), Tire Industry Association (TIA),
The Australian Tyre Recyclers Association (ATRA), Department of Industry & Science
Companies InterviewedBridgestone Australia Ltd., Kmart , Toyo Tyre and Rubber Australia,Marathon Tyres Pty Ltd, Hankook Tire Australia.
© TechSci Research
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S a m p l e D a t a - S n a p s h o t
1020
3040
5060
7080
90100
110
1530
4560
7590
105120
135150
165
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
Market Size (USD Billion) Market Size (Million Units)
Figure 1: Australia Tyre Market Size, By Value (USD Billion), By
Volume (Million Units), 2010-2020F
© TechSci Research
Figure 3: Australia Tyre Market Share, By Vehicle Type, By
Volume, 2010-2020F
45.00 46.00 47.00 48.00 49.00 50.00 51.00 52.00 53.00 54.00 55.00
95.00 95.10 95.20 95… 95.40 95.50 95.60 95.70 95.80 95.90 96.00
162.00 163.00 164.00 165.00 166.00 167.00 168.00 169.00 170.00 171.00 172.00
490.00 491.00 492.00 493.00 494.00 495.00 496.00 497.00 498.00 499.00 500.00
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
Two Wheeler Passenger Car Commercial Vehicle OTR
Figure 6: Australia Tyre Market Share, By Region,
By Volume, 2014 & 2020F
New South Wales
Victoria
Queensland
South Australia
Western Australia
Northern Australia
Figure 11: Australia Medium & Heavy Commercial Vehicle Tyre
Market Size, By Value (USD Billion), By Volume (Million Units),
2010-2020F
1020
3040
5060
7080
90100
110
1530
4560
7590
105120
135150
165
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
Market Size (USD Billion) Market Size (Million Units)
XXXXXX
XXXXXXX
XXXXXX
XXXXX
XXXX
XXX stores
XXX stores
XXX retailers
XXX dealers
XXX dealers
XXXXXXXX
XXXXXXX
XXXXXX
XXXXX
XXXXXXX
Mode of Business
Geographical
Reach*
Other Business
Lines
XXXXXXXXX
XXXXXXXX
XXXXXXXX
XXXXXXX
XXXX
Types of Tyres**
Bridgestone Australia Ltd.
Goodyear & Dunlop Tyres Australia Pty. Ltd.
Yokohama Tyre Australia Pty.
Ltd.
Michelin Australia Pty. Ltd.
Continental Tyres of Australia Pty. Ltd.
By Business Profile
R e p o r t O r d e r i n g
© TechSci Research
29
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Report Name: Australia Tyre Market Forecast and Opportunities, 2020
A b o u t U s & D i s c l a i m e r
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About Us :
TechSci Research is a global market research and consulting company with offices in Canada, the UK and India. TechSci Research
provides market research reports in a 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
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rich evaluation of the opportunities available in the market.
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Disclaimer :
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness ofany information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially statesthat 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 internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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© TechSci Research