The New Zealand Tire Market size is projected to grow at a CAGR of around 3% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.

New Zealand Tire Market Driver:

Growing Vehicle Ownership & Expanding Automotive Fleet Boosting Tire Demand – The steady rise in vehicle ownership in New Zealand, fueled by urbanization, improving disposable incomes, and the increasing popularity of personal mobility, is significantly driving tire sales across the country. Moreover, the growing import of used cars, particularly from Japan, along with the expanding commercial vehicle fleet to support logistics, construction, and agriculture sectors, is augmenting tire replacement demand. This surge in both passenger and commercial vehicle numbers directly translates into higher requirements for OEM tires and a robust aftermarket, thereby propelling the growth of the New Zealand Tire Market.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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New Zealand Tire Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022 to 2027

·       By Type of Vehicles

o   Passenger Car

o   Light Commercial Vehicle

o   Buses and Trucks

o   Medium and Heavy Commercial Vehicles

o   Off the Road (OTR)

o   Two Wheelers

o   Three Wheeler

·       By Demand Category

o   OEM

o   Replacement

·       By Type of Tire

o   Radial

o   Bias

·       By Sales Channel

o   Dealer/Exclusive Outlets

o   Online

o   Direct Sales

·       By Season

o   All-season

o   Summer

·       By Price Category

o   Budget

o   Economy

o   Premium

·       By Rim Diameter

o   Upto 12”

o   12.1” to 15”

o   15.1.” to 18”

o   18.1” to 20”

o   20.1” to 22.5”

o   22.6” to 26”

o   26.1” to 35”

o   35.1” to 47”

o   Above 47”

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Bridgestone, Goodyear and Dunlop Tyres, Continental, Yokohama, Michelin, Pirelli, Kumho, Hankook, Toyo, Federal tyres New Zealand are looking forward to strengthening their market positions.

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