Australia Tyre Market Report and Forecast 2025-2034

Australia Tyre Market Size

The Australia tyre market is projected to grow at a CAGR of 4.1% between 2024 and 2032. The market is being driven by the growing shift towards electric vehicles and rising demand for high-performance tyres.

Australia Tyre Market Outlook

• The sale of new vehicles recorded a 12.5% y-o-y growth in Australia in 2023.

• The integration of AI into tyre manufacturing process is expected to enhance its overall quality, thereby driving market growth.

• The anticipated increase in the sale of all-terrain tyres is expected to play a key role in boosting market expansion.

Australia Tyre Market Growth

There is a rising demand for high-performance tyres, which can provide stability and a strong grip to the vehicle on-road. Tyres which diffuse the noise of speeding wheels on the road while providing a higher load-handling capacity are expected to become popular. The launch of innovative tyres in Australia is also contributing to the market growth.

The shift towards electric vehicles is prompting major market players to design new tyres, which provide instantaneous torque delivery and are minimally impacted by punctures of up to 5mm. Meanwhile, all-terrain tyres, which provide a balanced performance on wet, dry, and muddy roads, while ensuring a minimum occurrence of punctures are becoming increasingly popular in Australia.

Heavy commercial vehicles are expected to witness a surge in the adoption of bias design tyres as they provide ease in performing heavy-duty tasks like towing and off-roading. Moreover, passenger vehicles as well as two and three-wheelers are expected to remain reliant on radial design tyres, due to their higher fuel efficiency, improved traction, and the capability to provide a strong and stable grip on the road even at high speeds.

Australia Tyre Industry Segmentation

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

Market Breakup by Design

• Radial

• Bias

Market Breakup by Type

• Tube Tire

• Tubeless Tire

Market Breakup by Season

• Winter Tire

• Summer Tire

• All Season Tire

Market Breakup by Vehicle Type

• Two-Wheeler and Three-Wheeler

• Passenger Vehicle

• Heavy Commercial Vehicle

• Light and Medium Commercial Vehicle

• Others

Market Breakup by Sales Channel

• OEM

• Aftermarket

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Australia Tyre Market Share

Based on season, the market is divided into winter tyre, summer tyre, and all-season tyre. Over the forecast period, the demand for all-season tyres is expected to grow significantly as consumers seek cost-effective and versatile tyres that can provide enhanced convenience in all seasons and adapt to changing climate patterns.

Leading Companies in the Australia Tyre Market

Major market players are expected to broaden their access to consumers by diversifying their distribution channels and opening more stores across the country.

• Bridgestone Corporation

• Michelin Group

• Pirelli & C. S.p.A.

• Continental AG

• The Goodyear Tire & Rubber Company

• Sumitomo Rubber Australia Pty Ltd.

• Toyo Tyre Australia Pty Ltd

• Australian Tyre Traders Pty Ltd

• Tyremax Pty Ltd

• Hankook Tire & Technology Co., Ltd.

• Others

Key Highlights of the Report