Australia Tire Market –Trends Demand, Growth & Competition Analysis by 2027
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Australia Tire Market –Trends Demand, Growth & Competition Analysis by 2027
According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Australia Tire Market – Industry Trends and Forecast to 2027 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Australia Tire Market Analysis and Size
The Australia Tire Market is projected to grow at around 4% CAGR during the forecast period, i.e., 2022-27.
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Some of the major players operating in the Australia Tire Market are Bridgestone, Goodyear and Dunlop Tyres, Continental, Yokohama, Michelin, Pirelli, Kumho, Hankook, Toyo, Federal tyres Australia.
Australia Tire Market Growth Driver:
Since the government of Australia is increasingly focusing on the development of the country’s infrastructure, the number of construction projects for roads, highways, complexes, residential & commercial buildings, educational institutions, healthcare facilities, among others, is escalating swiftly. It, in turn, is propelling the demand for robust vehicles & construction equipment like bulldozers, cranes, excavators, and others.
As a result, this mounting demand for heavy vehicles is directly impacting the requirement for robust tires to deliver improved grips, stability on different terrains, and low rolling resistance & traction, among other capabilities. Therefore, automakers & tire manufacturers are seeking different opportunities to introduce new vehicles & tires and expand their production capacities to suffice the burgeoning tire requirement and boost the market in the coming years.
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Market Segment and Geographical 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
By Demand Category
-
- OEM
- Replacement
By Type of Tire
-
- Radial
- Bias
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”
- 12.1” to 15”
- 15.1.” to 18”
- 18.1” to 20”
- 20.1” to 22.5”
- 22.6” to 26”
- 26.1” to 35”
- 35.1” to 47”
- Above 47”
By Region
-
- West
- North
- South
- Queensland
- New South Wales
- Victoria
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