australia tyre market forecast and opportunities, 2020

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

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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

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© 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




5.2.1. By Vehicle Type

6. Australia Light Commercial Vehicle Tyre Market Outlook






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S. No. Contents

7. Australia Medium & Heavy Commercial Vehicle Tyre Market Outlook





8. Australia OTR Tyre Market Outlook





9. Australia Two Wheeler Tyre Market Outlook



10. Australia Retreaded Tyre Market Outlook



11. Import-Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges© TechSci Research


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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


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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

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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.

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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

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Mode of Business

Geographical

Reach*

Other Business

Lines

XXXXXXXXX

XXXXXXXX

XXXXXXXX

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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

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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

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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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australia tyre market forecast and opportunities, 2020

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