Asia Pacific Original Equipment & Replacement PCLT Tire Market Forecasts to 2028
Latest update: April 2023
Whilst demand for new cars picked up significantly in 2021, both in the domestic Asia Pacific sector and key vehicle export destinations, the recovery in the volume of new vehicles produced – and therefore the original equipment tire market – has been held back by shortages in the supply chain, specifically semiconductors. Supply chain disruption continued in 2022, compounded by the conflict between Russia and Ukraine and Covid-related lockdowns in China. This delayed the recovery in the OE tire market. Whilst the impact of supply chain issues is now lessening, vehicle demand in some export regions – particularly Europe – has been affected by economic uncertainty caused by sharply higher inflation.
Whilst the PCLT replacement tire market in the Asia Pacific region began to recover in 2021, following the sharp declines in 2020, Covid-related disruption continued in 2022. This was most notable in the region’s biggest market, China where a strict lock-down policy has limited mobility, impacting replacement tire sales. Although the strict lock-down policy has been abandoned, consumers have not yet fully returned to their previous habits.
This report is provided as a PowerPoint briefing, giving a detailed review of the developments in the Americas replacement PCLT tire market and forecasts for the period to 2028.
The Excel data-pack contains detailed data on PCLT replacement tire volumes by region (Greater China, Japan & Korea, ASEAN, India, Oceania, Rest of Asia Pacific) and country from 2018 and forecasts to 2028.
The data-pack also includes forecasts of new light vehicle registrations and light vehicle parc by country to 2028
Country coverage: China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Australia, New Zealand, Rest of Asia Pacific
Format: PDF report and Excel data-book
Price: £1,995 (Country Licence; please enquire for other licences)
Product ID: GRR0009
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