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About Passenger Car Tire Market in AustraliaIn 2014, Australia was the eighth largest passenger car market in APAC. The country had about 13.59 million passenger cars in use the same year, a growth of 17.97% from 11.51 million cars in 2007. In 2011, Australia had 482 passenger cars per 1,000 people, which depicts the commercial viability of the automotive industry in the country. The country's GNI per capita (PPP) increased from $31,360 in 2005 to $42,110 in 2013, an increase of 34.28%. In 2013, the country was globally ranked 19th in terms of GNI per capita (PPP). The commercial viability of the industry also translated into growth of associated markets such as the tire market.The market has prominent tire manufacturers such as Michelin, Bridgestone, Toyo Tire, Yokohama, Goodyear, and Continental Tires, and also has established automobile vendors such as Ford, General Motors, Honda, Mercedes-Benz, and Toyota. Though passenger car sales witnessed a decline in 2013 and 2014, the tire market in general has witnessed consistent growth over the past decade. Passenger car sales are expected to decline during the forecast period. However, the passenger car tire market is expected to continue to grow due to the growing number of passenger cars in use.Technavio's analysts forecast the passenger car tire market in Australia to grow at a CAGR of 2.11% over the period 2014-2019.Covered in this ReportThis report covers the present scenario and the growth prospects of the passenger car tire market in Australia for the period 2015–2019. The report contains forecasts and analyses of the market in terms of volume. The market includes the following segments:• OEM segment• Replacement segmentThe report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors in the passenger car tire market in Australia. In addition, the report includes the major drivers that are influencing the growth of the passenger car tire market in Australia. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.Technavio's report, Passenger Car Tire Market in Australia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the passenger car tire market in Australia and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Prominent Vendors• Alliance Tire Group• Apollo Tyres• Bridgestone Australia• Continental• Cooper Tire and Rubber• Federal Tyres Australia• Goodyear & Dunlop Tyres Australia• GT Radial• Hankook Tyre• Kumho Tyre• Maxxis International• Michelin Australia• Nokian Tyres• Pirelli• Sumitomo Rubber Industries• Toyo Tyre and Rubber • Yokohama RubberMarket Driver• Credit Options and OEM Discounts• For a full, detailed list, view our reportMarket Challenge• Increased Competition• For a full, detailed list, view our reportMarket Trend• Self-sealing Tires• For a full, detailed list, view our reportKey Questions Answered in this Report• What will the market size be in 2019 and what will the growth rate be?• What are the key market trends?• What is driving this market?• What are the challenges to market growth?• Who are the key vendors in this market space?• What are the market opportunities and threats faced by the key vendors?• What are the strengths and weaknesses of the key vendors?
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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