Australia Tyre Market Forecast and Opportunities, 2019

In terms of area, Australia is the world's sixth-largest country, however, the country’s population stands at just around 23 million. Australia has a high vehicle motorization rate, with about 717 vehicles per 1,000 people in 2013. With great road infrastructure, high motorization rate and a large number of automobiles plying on the roads, the tyre replacement market continues to growing the country. Australia’s automobile market has been growing consistently over the last five years, and consequently, the tyre replacement market is expected to grow over the next five years. Majority of the tyres being sold in the country are imported from other countries.

According to “Australia Tyre Market Forecast & Opportunities, 2019’’, the tyre market in Australia is estimated to reach USD3.6 billion in 2014. Major factors that are expected to drive the market include continuing trend of growing replacement demand due to modest growth in automobile sales during last five years and anticipated increase in automobile production during the forecast period. Australia tyre market is dominated by the passenger car tyre segment in volume terms, and the trend is expected to continue over the next five years. Presently, major tyre companies operating in Australia are Bridgestone, Goodyear/Dunlop and Yokohoma. Though Chinese tyre brands have witnessed increasing market traction over the last couple of years, predominantly due to their low cost offerings, Bridgestone, Goodyear/Dunlop and Yokohoma are expected to continue their market domination through 2019. “Australia Tyre Market Forecast & Opportunities, 2019” report elaborates following aspects of tyre market expansion in Australia:

• Australia Tyre Market Size, Share & Forecast

• Segmental Analysis – Passenger Car, LCV, HCV, OTR, etc.

• Changing Market Trends & Emerging Opportunities

• Policy & Regulatory Landscape

• Competitive Landscape & Strategic Recommendations

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