Passenger car tires market in Japan to grow at a CAGR of 4.33% over the period 2014-2019.

Deerfield Beach, FL -- (SBWire) -- 07/28/2015 --Passenger Car Tires Market in Japan 2015-2019

About Passenger Car Tires

Japan traditionally has been an export-oriented country for many years, and the country's automobile exports have been a mainstay of its exports volume. The automotive industry in the country is critical to its economic growth. There are more than five million people employed in the automotive industry in Japan; they work in a wide spectrum of companies such as materials supply companies, servicing, freight shipping, and other auto related companies.

Passenger car tires market in Japan to grow at a CAGR of 4.33% over the period 2014-2019.

The passenger car tires market in Japan is the most critical market for tire manufacturers in Japan. In terms of sales, it covers more than 70% of the total tire sales volume. Japan has been home to some of the major tire manufacturers such as Bridgestone, Sumitomo, and Yokohama. This has led to a large investments inflow by tire manufacturers to develop and innovate products that would cater not only to the Japanese market but also to consumers worldwide.

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Covered in this Report

The passenger car tires market in Japan can be segmented into two based on distribution channels: OEM and replacement. To calculate the market size, the report considers revenue generated from the combined sales in these two segments. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Passenger Car Tires Market in Japan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

- Bridgestone
- Japan Michelin Tire
- Sumitomo Rubber Industries
- The Yokohama Rubber
- Toyo Tire & Rubber

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Other Prominent Vendors

- Hankook Tire Group
- Kumho Tire
- Nankang Rubber Tire
- Nitto Tire USA

Key Market Driver

- Increase in Use of Eco-Friendly Cars
- For a full, detailed list, view our report

Key Market Challenge

- Growing Consumption Tax
- For a full, detailed list, view our report

Key Market Trend

- Increased Online Tire Purchases
- For a full, detailed list, view our report

Key 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?