According to recent findings, the Australia Tire Market is projected to grow at around 4% CAGR during the forecast period, i.e., 2022-27.

At MarkNtel Advisors, we continuously monitor and analyze industry trends to provide reliable insights that support informed decision-making and the key factors contributing to the market's promising outlook.

Australia Tire Overview:

The growth of the market is likely to be driven by the rapidly increasing number of large-scale construction projects, including the development of roads, highways, & buildings, among others, owing to the mounting focus of the Australian government on infrastructural developments. It, in turn, is augmenting the demand for several heavy commercial vehicles.

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Australia Tire Outlook and Future Trends :

Growing Focus of the Australian Government toward Infrastructural Developments  - With the escalating need for improved road connectivity & better infrastructure in the country, the government of Australia is investing substantially in several construction projects, owing to which the demand for light & heavy commercial vehicles is increasing significantly. It, in turn, is fueling the need for tires with firm grips, better load capacity, greater stability, low rolling resistance, and improved traction.

Hence, it is generating growth opportunities for the automakers & tire manufacturers to accelerate their production capabilities, introduce new tires & vehicles, expand their product portfolio & visibility, and contribute to the Australia Tire Market expansion through 2027.

Australia Tire Segmentation Analysis:

By Type of Vehicles

• Passenger Car
• Light Commercial Vehicle
• Buses and Trucks
• Medium and Heavy Commercial Vehicles
• Off the Road (OTR)
• Two Wheelers
• Three Wheeler

According to reports, Amongst all vehicle types, passenger cars are anticipated to continue their dominance in the Australia Tire Market during the forecast period.

By Demand Category

• OEM
• Replacement

By Type of Tire

• Radial
• Bias

According to reports, Radial tires acquired the largest share of the Australia Tire Market in recent years.

By Sales Channel

• Dealer/Exclusive Outlets
• Online
• Direct Sales

By Season

• All season
• Summer

By Price Category

• Budget (Up to USD90)
• Economy (USD91-USD140)
• Premium (Above USD140)

By Rim Diameter

• Upto 12”
• 1” to 15”
• 1.” to 18”
• 1” to 20”
• 1” to 22.5”
• 6” to 26”
• 1” to 35”
• 1” to 47”
• Above 47”

By Region

• West
• North
• South
• Queensland
• New South Wales
•  

For deeper insights into the market, explore the summary of the research report – https://www.marknteladvisors.com/research-library/australia-tire-market-analysis.html

Some of the Market players in the Australia Tire are:

• Bridgestone
• Goodyear and Dunlop Tyres
• Continental
• Yokohama
• Michelin
• Pirelli
• Kumho
• Hankook
• Toyo
• Federal tyres Australia.

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Key Highlights of the Report – Unlock Valuable Market Insights

• Market Size, Share & Future Projections – Understand the current market dimensions and forecasted growth trajectory.
• In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
• Company Strategies & Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
• Key Stakeholders & Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
• Import & Export Dynamics – Analyze trade flows, regional export trends, and supply chain movements.
• Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
• Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
• Market Trends & Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

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