Japan Truck and Bus Tires Market was valued at USD 8 Billion in 2022 and is projected to reach USD 12 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
The Japan truck and bus tires market is a significant segment of the automotive industry, characterized by diverse applications tailored to various vehicle types and usage conditions. In the market, different tire types are designed to meet specific demands, including long-distance haulage, urban transport, and off-road operations. These applications necessitate tires that provide durability, safety, and performance across a range of road conditions. For example, long-distance truck tires are engineered to offer extended tread life and fuel efficiency, crucial for logistics and freight transport. Conversely, urban bus tires are designed to withstand frequent stops and starts while ensuring passenger comfort and safety.
Additionally, the need for specialized tires in the bus segment is rising due to increasing urbanization and the expansion of public transportation systems. Tires for city buses often require enhanced traction and comfort to manage the demands of stop-and-go traffic. These tires are built to handle the high frequency of turns and braking, providing a smoother ride for passengers. Furthermore, the development of tires that offer improved rolling resistance and reduced road noise is becoming a key trend in this sector, aligning with broader environmental and passenger comfort objectives.
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Bridgestone
Michelin
Goodyear
Continental
ZC Rubber
Sumitomo Rubber
Xingyuan Group
Linglong Tire
Hankook
Double Coin
Prometeon Tyre Group
Aeolus Tyre
Giti Tire
Cheng Shin Rubber
Yokohama
Triangle Tire Group
Sailun Group
KUMHO TIRE
Toyo Tires
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Truck and Bus Tires Market
Truck
Bus
Based on Types the Market is categorized into Below types that held the largest Truck and Bus Tires market share In 2023.
OEM Tire
Replacement Tire
Japan (United States, Japan and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Japan Truck and Bus Tires Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Truck and Bus Tires Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Truck and Bus Tires Market, By Type
6. Japan Truck and Bus Tires Market, By Application
7. Japan Truck and Bus Tires Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Truck and Bus Tires Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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