AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

The New Zealand Tire Market by Vehicle Type, Radial vs Bias, Demand Category and Offline vs Online - $1+ Billion Forecast to 2024 - ResearchAndMarkets.com

March 1, 2019

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.

Market Segments

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.

Regional Insights

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.

Competitive Landscape

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.

Topics Covered

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

12.1. Drivers

12.2. Challenges

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

View source version on businesswire.com:https://www.businesswire.com/news/home/20190301005222/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Automotive Tires

KEYWORD: AUSTRALIA/OCEANIA NEW ZEALAND

INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/01/2019 07:00 AM/DISC: 03/01/2019 07:01 AM

http://www.businesswire.com/news/home/20190301005222/en