US Tire OEM and Aftermarket Market size is expected to develop revenue and exponential market growth at a remarkable CAGR during the forecast period from 2024–2030.
The Asia Pacific Tire Oem And Aftermarket Market Is A Dynamic Sector That Continues To Evolve, Driven By Both Increasing Vehicle Sales And The Growing Need For Replacement Parts. The Market For Tires, Particularly In Original Equipment Manufacturing (Oem) And The Aftermarket Segment, Plays A Crucial Role In Supporting The Automotive Industry Across The Region. As The Automotive Industry In Asia Pacific Continues To Grow, Both Oem Tire Manufacturers And Aftermarket Service Providers Are Witnessing An Upsurge In Demand For Their Products And Services.
The Tire Oem Market Is Predominantly Influenced By The Expansion Of Automotive Production And The Increasing Adoption Of Electric Vehicles (Evs). In Countries Like China, India, And Japan, Automotive Manufacturing Is Booming, Which Directly Affects The Need For Oem Tires. These Tires Are Designed Specifically For New Vehicles, Which Are Manufactured To Meet The Precise Requirements Of Automakers. Vehicle Manufacturers Are Increasingly Focusing On The Performance And Safety Features Of Tires, Including Better Fuel Efficiency, Durability, And Superior Handling. With This Growing Demand For High-Quality Tires, Oem Tire Manufacturers Are Focused On Innovation, Constantly Improving Their Product Offerings To Cater To The Varying Needs Of The Automotive Market.
On The Other Hand, The Aftermarket Market Has Been Growing Due To Several Factors. One Of The Primary Drivers Is The Increasing Average Vehicle Age. As Cars Age, They Require Regular Replacement Of Tires, Which Creates A Robust Aftermarket Sector. Additionally, Consumers Are More Inclined To Replace Their Tires To Improve Vehicle Performance Or Handle Changing Road Conditions. The Availability Of A Wide Range Of Tires, Including Performance, Budget, And Luxury Options, Has Further Boosted The Aftermarket Market. Both Consumer Preference For Higher-Quality, Longer-Lasting Tires And The Increasing Importance Of Road Safety Play A Role In Driving Growth Within The Aftermarket Tire Sector.
The Key Requirement From Industries In The Tire Oem And Aftermarket Market Is The Demand For Advanced Tire Technologies, Such As Smart Tires And Environmentally Friendly Alternatives. With Sustainability Being A Major Concern Across Industries, There Is Growing Pressure On Manufacturers To Produce Tires That Are Both High-Performing And Eco-Friendly. This Includes Innovations In Tire Recycling, Low Rolling Resistance, And Reduced Carbon Footprints. Additionally, Industries Are Looking For Tires That Provide Enhanced Safety Features, Better Performance In Various Weather Conditions, And More Efficient Fuel Consumption. The Increasing Demand For These Types Of Tires Has Made The Market More Competitive, With Companies Striving To Meet The Ever-Evolving Needs Of Both Oem And Aftermarket Consumers.
As The Asia Pacific Tire Oem And Aftermarket Market Continues To Evolve, Stakeholders Must Stay Ahead Of Trends, Investing In Innovation, And Meeting The Diverse Demands Of Consumers, All While Adhering To Sustainability Goals And Ensuring Safety And Performance Standards Are Met.
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Bridgestone
Michelin
Goodyear
Continental Resources Inc
Sumitomo Rubber Industries
Pirelli
Hankook Tire
YOKOHAMA
Zhongce Rubber
Maxxis International
TOYO TIRE & RUBBER
GITI TIRE
Cooper Tire & Rubber
Apollo Tyres
MRF
KUMHO TIRE
Shandong Linglong Tire
Sailun Jinyu
Hengfeng
NEXEN TIRE
By 2030, Asia Pacific is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Asia Pacific is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Asia Pacific is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Asia Pacific, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Asia Pacific Tire OEM and Aftermarket Market
Passenger Cars
Light Trucks
Heavy-Duty Trucks
Motorcycles
Buses
Off-Road Vehicles
All-Season Tires
Winter Tires
Performance Tires
Touring Tires
Truck/SUV Tires
Specialty Tires
OEM (Original Equipment Manufacturer)
Aftermarket
Retail Chains
Online Sales
Independent Dealers
Service Centers and Repair Shops
On-Road Applications
Off-Road Applications
Racing Applications
Commercial Applications
Personal Use Applications
Conventional Tires
Run-Flat Tires
Smart Tires
Eco-Friendly Tires
Performance Tires
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Asia Pacific Tire OEM and Aftermarket 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. Asia Pacific Tire OEM and Aftermarket Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Asia Pacific Tire OEM and Aftermarket Market, By Type
6. Asia Pacific Tire OEM and Aftermarket Market, By Application
7. Asia Pacific Tire OEM and Aftermarket Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Asia Pacific
Vietnam
8. Asia Pacific Tire OEM and Aftermarket Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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