The demand for low rolling resistance tire in Japan is estimated to rise at a 10.90% CAGR through 2033. The overall adoption of low rolling resistance tire in Japan is likely to surge considerably, crossing a valuation of US$ 9,485.10 million in 2023. By 2033, sales projections for low rolling resistance tire in Japan indicate attaining a valuation of US$ 26,690.54 million.
Key Trends to Boost Sales through 2033:
| Attributes | Details |
|---|---|
| Industry Size of Japan in 2023 | US$ 9,485.10 million |
| Expected Industry Size of Japan by 2033 | US$ 26,690.54 million |
| Forecasted CAGR between 2023 to 2033 | 10.90% |
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| Leading Vehicle Type for Low Rolling Resistance Tire in Japan | HCV |
|---|---|
| Total Value Share (2023) | 50.7% |
The demand for Heavy Commercial Vehicles (HCVs) is on the rise in Japan, driven by the growth of the economy and the initiation of large-scale infrastructure projects. These vehicles play a crucial role in transporting heavy equipment and building materials in order to support the expanding construction and development operations. Additionally, the booming eCommerce and online retail sectors are contributing to the surge in demand for HCVs. They are essential for efficiently transporting goods from distribution hubs to end users. The application of HCVs is further propelled by the increase in logistical activities, particularly in last-mile deliveries. Moreover, businesses are making investments in technologically advanced models to replace aging HCV fleets. These newer vehicles offer enhanced fuel efficiency, improved safety features, and compliance with environmental standards, all of which align with sustainability goals.
| Leading Width Type for Low Rolling Resistance Tire in Japan | Dual |
|---|---|
| Total Value Share (2023) | 82.7% |
Dual-width vehicles, equipped with adjustable wheel widths, are gaining popularity due to their versatility. They are highly suitable for use in both urban and rural environments, making them an excellent choice for agricultural applications, especially in economically viable agricultural regions. The adaptability of dual-width vehicles enables efficient maneuvering through tight spaces in areas with narrow and constrained rural roads, thereby enhancing operational efficiency for farmers and agricultural workers. Manufacturers are actively meeting consumer demands for multi-purpose, versatile vehicles capable of performing a range of tasks in diverse urban and rural settings. This adaptability ensures that the products align with evolving consumer preferences and needs.
Principal Consultant
The competitive landscape of the low rolling resistance tire industry in Japan is characterized by a balance between established domestic manufacturers and global tire giants, all vying for a share of an industry driven by environmental consciousness and fuel efficiency.
Bridgestone, Yokohama, and Sumitomo Rubber Industries are leading Japanese tire companies with a significant presence. They leverage their reputation for quality and innovation by investing substantially in research and development to offer eco-friendly tire solutions that meet Japan's stringent environmental standards.
Michelin, Continental, and Goodyear are among the global tire manufacturers actively competing in the Japan low rolling resistance tire industry. These international players are adapting their products to meet the needs of Japanese consumers while still complying with regulatory requirements.
Recent Developments in Low Rolling Resistance Tire in Japan
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 9,485.10 million |
| Projected Industry Size by 2033 | US$ 26,690.54 million |
| Anticipated CAGR between 2023 to 2033 | 10.90% CAGR |
| Historical Analysis of Demand for Low Rolling Resistance Tire in Japan | 2018 to 2022 |
| Demand Forecast for Low Rolling Resistance Tire in Japan | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Low Rolling Resistance Tire adoption in Japan, Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Manufacturers |
| Key Cities Analyzed While Studying Opportunities in Low Rolling Resistance Tire in Japan | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
| Key Companies Profiled | Bridgestone Corporation; Yokohama Rubber Co., Ltd.; Sumitomo Rubber Industries, Ltd. (Dunlop); Toyo Tire Corporation; Nokian Tyres plc; Michelin Group; Continental AG; The Goodyear Tire & Rubber Company; Pirelli & C. S.p.A.; Hankook Tire & Technology Co., Ltd. |
The expected CAGR for the low rolling resistance tire industry in Japan through 2033 stands at 10.90%.
The demand for low rolling resistance tire in Japan is projected to reach US$ 26,690.54 million by 2033.
Environmental awareness and tech integration propel low rolling resistance tire demand in Japan.
Low rolling resistance tire manufacturers emphasize innovation and technological advancements for diverse applications.
HCVs create immense demand for low rolling resistance tire in Japan.
1. Executive Summary
1.1. Japan Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033
5.3.1. Aftersales
5.3.2. OEM
5.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
6. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033
6.3.1. HCVs
6.3.2. LCVs
6.3.3. Passenger Cars
6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033
7. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Width Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Width Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Width Type, 2023 to 2033
7.3.1. Dual Type
7.3.2. Wide Band Type
7.4. Y-o-Y Growth Trend Analysis By Width Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Width Type, 2023 to 2033
8. Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. Kanto
8.3.2. Chubu
8.3.3. Kinki
8.3.4. Kyushu & Okinawa
8.3.5. Tohoku
8.3.6. Rest of Japan
8.4. Market Attractiveness Analysis By Region
9. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Sales Channel
9.2.2. By Vehicle Type
9.2.3. By Width Type
9.3. Market Attractiveness Analysis
9.3.1. By Sales Channel
9.3.2. By Vehicle Type
9.3.3. By Width Type
9.4. Key Takeaways
10. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Sales Channel
10.2.2. By Vehicle Type
10.2.3. By Width Type
10.3. Market Attractiveness Analysis
10.3.1. By Sales Channel
10.3.2. By Vehicle Type
10.3.3. By Width Type
10.4. Key Takeaways
11. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Sales Channel
11.2.2. By Vehicle Type
11.2.3. By Width Type
11.3. Market Attractiveness Analysis
11.3.1. By Sales Channel
11.3.2. By Vehicle Type
11.3.3. By Width Type
11.4. Key Takeaways
12. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Sales Channel
12.2.2. By Vehicle Type
12.2.3. By Width Type
12.3. Market Attractiveness Analysis
12.3.1. By Sales Channel
12.3.2. By Vehicle Type
12.3.3. By Width Type
12.4. Key Takeaways
13. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Sales Channel
13.2.2. By Vehicle Type
13.2.3. By Width Type
13.3. Market Attractiveness Analysis
13.3.1. By Sales Channel
13.3.2. By Vehicle Type
13.3.3. By Width Type
13.4. Key Takeaways
14. Rest of Japan Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Sales Channel
14.2.2. By Vehicle Type
14.2.3. By Width Type
14.3. Market Attractiveness Analysis
14.3.1. By Sales Channel
14.3.2. By Vehicle Type
14.3.3. By Width Type
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Sales Channel
15.3.3. By Vehicle Type
15.3.4. By Width Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. The Yokohama Rubber Co., Ltd
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Toyo Tire Corporation
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Kumho Tire
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Bridgestone Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. The Goodyear Tire & Rubber Company
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Sumitomo Rubber Industries Ltd.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Pirelli & C S.p.A
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Hankook Tire
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. MICHELIN
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Continental AG
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Low Rolling Resistance Tire Industry Analysis in Japan
