The New Zealand Tire Market by Vehicle Type, Radial vs Bias, Demand Category and Offline vs Online - $1+ Billion Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 1, 2019--The “New Zealand Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, M&HCV, Two-Wheeler & Off-The-Road), By Radial Vs Bias, By Demand Category (OEM Vs Replacement), By Offline Vs Online, Competition, Forecast & Opportunities, 2013-2024” report has been added to ResearchAndMarkets.com’s offering.
The New Zealand tire market is projected to cross $1 billion by 2024 on account of surging sales of vehicles and rising disposable income of people in the region.
Several road infrastructural projects, such as Waitemata Harbour Crossing and Puhoi Wellsford, by the government are further pushing the sales of automobiles across the country, which is subsequently driving New Zealand tire market. Moreover, rapid industrialization, expanding vehicle fleet size and rising urbanization are positively influencing the growth of the market.
On the basis of vehicle type, New Zealand tire market is segmented into passenger cars, light commercial vehicle, medium & heavy commercial vehicle, two-wheelers and off-the road vehicles. Passengers cars accounted for the dominant share in 2018 and the segment is expected to continue its dominance during forecast period as well on account of rising sales of passenger cars and increase in standard of living of people.
Among demand category, New Zealand tire market is categorized into original equipment manufacturer (OEM) and replacement. Replacement is the dominating category and is anticipated to maintain its dominance as demand for replacement continues to grow as tires undergo wear and tear, thereby resulting in need to replace them. Moreover, improvements in infrastructure in New Zealand is resulting in increased number of miles driven which is further boosting demand for replacement in New Zealand tire market.
In terms of regional analysis, New Zealand tire market is segmented into Auckland, Canterbury, Waikato, Wellington and Rest of New Zealand. Auckland tire market registered the highest growth in 2018 and the segment is poised to grow at high rate during forecast period as well owing to investments by the government bodies for rapid transport projects in the region.
Major companies operating in New Zealand tire market recorded high volume sales in 2018 financial year and the trend is likely to remain same during forecast period. List of major players operating in New Zealand tire market include Compagnie Gnrale des tablissements Michelin (CGEM), Goodyear Dunlop Tyres (NZ) Limited, Bridgestone Corporation, Hankook Tire Co., Ltd., Continental Pty. Ltd., The Yokohama Rubber Co., Ltd., Toyo Tire & Rubber Co., Ltd., Kumho Tire Co., Inc., Pirelli & C. S.p.A., Balkrishna Industries Limited, etc.
Bridgestone was the last company to manufacture tires in New Zealand. Most of the companies have their distributor network in the country and tires are imported from Japan, Korea, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2013-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the market size of New Zealand tire market.
- To classify and forecast New Zealand tire market based on vehicle type, by radial vs bias, by demand category, by offline vs online and regional distribution.
- To identify drivers and challenges for New Zealand tire market.
- To conduct the pricing analysis for New Zealand tire market.
- To identify and analyze the profile of leading players involved in New Zealand tire market.
1. Product Overview
2. Research Methodology
3. Analyst View
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Brand Recall (Aided/Unaided)
4.3. Brand Switching
4.4. Brand Satisfaction Level
5. New Zealand Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, & Off-The-Road)
5.2.2. By Radial Vs Bias
5.2.3. By Demand Category (OEM Vs Replacement)
5.2.4. By Offline vs Online
5.2.5. By Company
5.2.6. By Region
5.3. Market Attractiveness Index (By Vehicle Type)
5.4. Prominent Tire Sizes (PC, CV, Two Wheeler, OTR)
6. New Zealand Passenger Car Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (SUV, Sedan and Hatchback)
6.2.2. By Demand Category (OEM Vs. Replacement)
6.2.3. By Radial Vs Bias
6.3. Market Attractiveness Index (By Vehicle Type)
7. New Zealand Light Commercial Vehicle Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Pickup, Light Truck, Van and Light Bus)
7.2.2. By Demand Category (OEM Vs. Replacement)
7.2.3. By Radial Vs Bias
7.3. Market Attractiveness Index (By Vehicle Type)
8. New Zealand Medium & Heavy Commercial Vehicle Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Medium & Heavy Truck and Bus)
8.2.2. By Demand Category (OEM Vs. Replacement)
8.2.3. By Radial Vs Bias
8.3. Market Attractiveness Index (By Vehicle Type)
9. New Zealand Two-Wheeler Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Demand Category (OEM Vs. Replacement)
9.2.3. By Radial Vs Bias
9.3. Market Attractiveness Index (By Vehicle Type)
10. New Zealand Off-The-Road Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type (Agriculture Vehicle, Mining, Construction & Industrial Vehicle & Others)
10.2.2. By Demand Category (OEM Vs. Replacement)
10.2.3. By Radial Vs Bias
10.3. Market Attractiveness Index (By Vehicle Type)
11. Import-Export Analysis
12. Market Dynamics
13. Market Trends & Developments
14. Pricing and Price Point Analysis
15. Policy and Regulatory Landscape
16. New Zealand Economic Profile
17. Competitive Landscape
17.1. Compagnie Generale des Etablissements Michelin (CGEM)
17.2. Goodyear Dunlop Tyres (NZ) Limited
17.3. Bridgestone Corporation
17.4. The Yokohama Rubber Co. Ltd.
17.5. Hankook Tire Co. Ltd.
17.6. Continental Pty. Ltd.
17.7. Toyo Tire & Rubber Co. Ltd.
17.8. Kumho Tire Co. Inc.
17.9. Pirelli & C. S.p.A.
17.10. Balkrishna Industries Limited
18. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/ltdvsb/the_new_zealand?w=4
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Related Topics:Automotive Tires
KEYWORD: AUSTRALIA/OCEANIA NEW ZEALAND
INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER
SOURCE: Research and Markets
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PUB: 03/01/2019 07:00 AM/DISC: 03/01/2019 07:01 AM