MarkNtel Advisors recently released a research report focusing on the Australia Tire Market for the forecast period of 2022-27. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.

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Australia Tire Market Insight and Analysis:

The Australia Tire Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2022-27.

Growing Focus of the Australian Government toward Infrastructural Developments: Key Trend to Watch

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 Industry Segmentation:

Based on Type of Vehicles

- Passenger Car

- Light Commercial Vehicle

- Buses and Trucks

- Medium and Heavy Commercial Vehicles

- Off the Road (OTR)

- Two Wheelers

- Three Wheeler

Based on Demand Category

- OEM

- Replacement

Based on Type of Tire

- Radial

- Bias

Based on Sales Channel

- Dealer/Exclusive Outlets

- Online

- Direct Sales

Based on Season

- All season

- Summer

Based on Price Category

- Budget(Up to USD90)

- Economy(USD91-USD140)

- Premium(Above USD140)

Based on 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”

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Geographically Analysis:

- West

- North

- South

- Queensland

- New South Wales

- Victoria

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company's profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including Bridgestone, Goodyear and Dunlop Tyres, Continental, Yokohama, Michelin, Pirelli, Kumho, Hankook, Toyo, Federal tyres Australia.

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