The Car and Truck Fleet and Leasing Management Magazine

Australian Tire Market Reaches $3.6B

November 03, 2014

Driven by growing automobile sales, rising automobile fleet size, and favorable government policies in the country, the tire market in Australia is estimated to reach $3.6 billion in 2014, according to TechSci Research.

With the highest number of vehicles in New South Wales, Victoria, and Queensland, these three regions account for majority of the overall tire demand in Australia, the research firm stated in its report “Australia Tyre Market Forecast and Opportunities, 2019.”

Bridgestone, Goodyear/Dunlop, and Yokohoma are the leading players in the Australian tire market, and are expected to continue to be the top three tire brands in Australia until 2019, according to the report. However, other companies such as Michelin, Kumo, Toyo, Hankook, Continental, and various Chinese tire brands are expected to offer increasing competition to the established players during the forecast period.

Tire retreading will also see an increase during the forecast period as well for a number of reasons.

"Major reasons for the growth of retreaded tire market are low tire cost and the new ‘tire stewardship scheme’ implemented by the federal government of Australia,” said Karan Chechi, TechSchi research director. “Favorable government policies are expected to boost the retreaded tire market in the country, with the segment projected to witness double digit growth over the next five years."

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Up Next

More From The World's Largest Fleet Publisher