Base Year
Historical Year
Forecast Year
Value in AUD million
2024-2032
Australia Tire Market Outlook
*this image is indicative*
Based on type, the Australia tire market share is led by radial tires as they have better fuel efficiency due to the presence of lower rolling resistance
They also offer greater traction to the slippery road due to the larger contact surface area with the road thus providing safety to the users. Moreover, they are better absorbers of road vibrations as compared to the bias tires due to the presence of flexible sidewalls. They have better heat dissipation capacity which results in lowering of the heat build up in the tires thus increasing the tires life.
| Australia Tire Market Summary | Description | Value |
| Base Year | AUD Billion | 2023 |
| Historical period | AUD Billion | 2018-2023 |
| Forecast Period | AUD Billion | 2024-2032 |
| Market Size 2023 | AUD Billion | 3.46 |
| Market Size 2032 | AUD Billion | 5.39 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.0% |
| CAGR 2024-2032 - Market by Region | Australian Capital Territory | 5.6% |
| CAGR 2024-2032 - Market by Region | Western Australia | 5.4% |
| CAGR 2024-2032 - Market by Type | Radial | 5.9% |
| CAGR 2024-2032 - Market by Vehicle Type | Light Commercial Vehicles | 5.8% |
| 2023 Market Share by Region | Western Australia | 16.4% |
The Australia tire market development is being contributed by various trends including the rise in the development of smart tires which are integrated with sensors, thus, helping in analysing temperature and tire pressure. Moreover, the innovation of airless tires helps in maintaining air pressures and offers high durability and reliability. The innovation of self-healing tires has enabled users to reduce their spending on the tires as these tires repair on their own. The tire performance and efficiency has increased due to the integration of materials including nanoparticles.
According to the BITRE, the number of total motor vehicles registered in Australia in 2022 was 20,680,152.
| CAGR 2024-2032 - Market by | Region |
| Australian Capital Territory | 5.6% |
| Western Australia | 5.4% |
| Queensland | 4.7% |
| New South Wales | XX% |
| Victoria | XX% |
| Others | XX% |
Australia Tire Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Vehicle Type
Market Breakup by Season
Market Breakup by Sales Channel
Market Breakup by Region
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market is projected to grow at a CAGR of 5.04% between 2024 and 2032.
The tire market is growing with an increase in the development of smart tires, innovation of airless tires, self-healing tires, and integration of nanoparticles to improve efficiency.
Based on the type, the tire market is bifurcated into radial, bias, and others
Key players in the industry 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.
Based on vehicle type, the tire market is divided into light commercial vehicles, medium and heavy commercial vehicles, and two wheelers.
The different season types of tires include all season tires, summer tires and winter tires.
The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2024 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Vehicle Type |
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| Breakup by Season |
|
| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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