Australia Tire Market Report and Forecast 2024-2032

Australia Tire Market Outlook

The Australia tire market size is projected to grow at a CAGR of 5.04% between 2024 and 2032.

Key Takeaways

• In 2021, the Australian Bureau of Statistics recorded 20.1 million registered motor vehicles, boosting the growth of the Australian tire market.

• The Australian Bureau of Statistics also noted the registration of 521,255 rigid trucks, 104,442 articulated trucks, and 23,518 non-freight carrying trucks in 2020, further contributing to the expansion of the tire market in Australia.

• According to the FCAI, Australia's automotive sector supplied over a million new vehicles to drivers in 2022, with SUVs and light commercials accounting for 76.8% of sales, including eight out of the top 10 vehicles.

Light commercial vehicles propel the Australia tire market by serving urban and suburban deliveries, transporting goods, and functioning as service vehicles

Light commercial vehicles (LCVs) are essential for urban deliveries, goods transportation, and service roles, with increasing demand due to the growth of e-commerce. Their adaptability, efficiency, urban maneuverability, and safety are pivotal factors in tire selection. The rising demand for last-mile deliveries, notably with e-commerce expansion, intensifies the need for LCVs.

Medium and heavy commercial vehicles (MHCVs) require tires with robust load capacities, emphasizing durability, efficiency in long-haul journeys, safety, stability, and traction. These qualities are crucial for transporting heavy loads across diverse terrains over extended distances.

In March 2023, The Yokohama Rubber Co., Ltd., introduced the new Geolandar A/T XD all-terrain pickup truck tire in Australia. Initially available in 16, 17, 18, and 20-inch sizes, the Geolandar A/T XD offers enhanced capabilities for various terrain conditions.

Market Segmentation

Australia Tire Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Radial

• Bias

• Others

Market Breakup by Vehicle Type

• Light Commercial Vehicles

• Medium and Heavy Commercial Vehicles

• Two Wheelers

Market Breakup by Season

• All Season Tires

• Summer Tires

• Winter Tires

Market Breakup by Sales Channel

• OEM

• Aftermarket

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia tire market key players are Bridgestone Australia Limited, Goodyear and Dunlop Tyres (Aus) Pty Ltd, Yokohama Tyre Australia Pty Ltd., Michelin Australia Pty Ltd., Kumho Tyre Australia Pty Ltd., Hankook Tyre Australia Pty Ltd., Continental Tyre of Australia Pty Ltd., Pirelli Tyre Australia Pty Ltd., and Toyo Tyre and Rubber Australia Limited among others.

Key Highlights of the Report