taiwan tire (tyre) market forecast 2021 - brochure
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M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Taiwan Tire Market Forecast & Opportunities , 2011 - 2021
T a b l e o f C o n t e n t s
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© TechSci Research
S. No. Contents
1. Product Overview
2 Research Methodology
3. Analyst View
4. Taiwan Tire Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type
4.2.3. By Region
4.2.4. By Demand Category (OEM & Replacement)
5. Taiwan Two-Wheeler 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 (Light Motorcycle & Heavy Motorcycle)
5.2.2. By Demand Category (OEM & Replacement)
6. Taiwan 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 (Hatchback, SUV/MPV & Sedan)
6.2.2. By Demand Category (OEM & Replacement)
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S. No. Contents
7. Taiwan 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 Demand Category (OEM & Replacement)
8. Taiwan 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 Demand Category (OEM & Replacement)
9. Taiwan OTR 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 (Agricultural & Construction & Industrial)
10. Import Export Analysis
11. Market Dynamics
11.1 Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Growth in Retread Tire Market
12.2. Rising Demand for Intelligent Electric Vehicles
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S. No. Contents
12.3. Recycling and Handling Of Waste Tires
12.4. Decreasing Tire Exports
12.5. Growing Volume of Imported PC and Motorcycle Tires
13. Policy & Regulatory Landscape
14. Taiwan Economic Profile
15. Competitive Landscape
16.1. Cheng-Shin Rubber Ind. Co. Ltd.
16.2. Kenda Industrial Co. Ltd.
16.3. Nankang Rubber Tire Corp., Ltd.
16.4. Federal Corporation
16.5. Bridgestone Taiwan Co., Ltd.
16.6. Michelin Tire Taiwan Co., Ltd.
16.7. Goodyear Taiwan Limited
16.8. Kumho Tire Co., Inc
16.9. Pirelli & C. S.p.A.
16.10. Continental AG Ltd.
17. Strategic Recommendations
18. About Us & Disclaimer
P r o d u c t O v e r v i e w
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Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Hatchback
IndividualsSUV/MPV
Sedan
Light Commercial Vehicle NATransport Companies, Logistics, Small
Business Entrepreneurs, Delivery Services, Government
Medium & Heavy Commercial Vehicle
NA Logistics, SMEs, Construction
OTR (Off-the-Road) Vehicle
Agricultural Farmers, Construction Companies
Construction & Industrial
Two-Wheelers
Light Motorcycle
Individuals, Delivery Services
Heavy Motorcycle
Global Tire supplier Michelin defines Tire as, “A precisely engineered assembly of
rubber, chemicals, fabric, and metal, designed to provide traction, cushion road
shock and carry a load under varying conditions.”
Classification According to Vehicle Type
Product Definition
R e s e a r c h M e t h o d o l o g y
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Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with leadingtire suppliers based in Taiwan, and subsequently, verified information from major distributors ofautomobile tires in the country. We also put through an exhaustive search of credible paid databasessuch as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts hasthen prudently evaluated all the collected information and presented the same in chronological order todepict a meaningful and clear picture of tire market in Taiwan.
While compiling the data, we have also cross checked all the collected information from multiple sourcesand data warehouses, so as to present the most accurate and precise information of the concernedindustry. We use innovative business model that focuses on improving productivity, while ensuringcreation of high-quality reports. The reports are prepared with in-depth primary research, followed byexhaustive secondary research.
Primary Research - Companies Interviewed
S. No. Company Name
1 Cheng Shin Rubber Ind. Co., Ltd
2 Kenda Rubber Industrial Co., Ltd.
3 Federal Corporation
4 Michelin Tire Taiwan Co., Ltd.
5 Goodyear Taiwan Limited
Few of Sources of Secondary Research
S. No. Secondary Source
1Taiwan Transportation Vehicle Manufacturers
Association
2Bureau Of Foreign Trade, Ministry of Foreign
Affairs.
3National Statistics, Republic of China
(Taiwan)
4International Organization of Motor Vehicle
Manufacturers (OICA)
5Taiwan Rubber And Elastomer Industries
Association
6 World Bank
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For preparation of Taiwan tire report bottom up model has been used, which has been later on crossvalidated by using top down approach.
Tire Production
TechSci Research has mapped production capacities of almost all Tire manufacturing units in Taiwan.With the help of a series of primary research surveys of all the major Tire manufacturing companies inthe country, followed by cross validation through secondary sources such as company annual reportsand industry associations. TechSci Research has been successful in identifying the production capacitiesof each Tire plant as well as their respective plant locations, establishment dates and type of Tiresmanufactured.
Vehicle Production, Sales & Fleet Size
The basic data points that are needed for the analysis of Taiwan tire market the historical, current andforecast figures for vehicle production, sales and fleet size. Data for fleet size has been extractedthrough various government sources and credible data portals. TechSci Research has maintained adatabase for vehicle production, sales and fleet size for each vehicle segment (passenger cars, lightcommercial vehicles, medium & heavy commercial vehicles, two-wheelers & off-the-road vehicles),which is regularly updated through various primary research surveys and secondary sources such asautomotive associations & government publications.
Tire Demand
OEM Tire Sales
OEM Tire demand has been calculated by multiplying the average number of Tires per vehicle to thetotal number of vehicles produced. For example, for two-wheeler segment, the average number of Tiresis considered to be two and for passenger cars, the average number of Tires is considered to be five.Further, the average number of Tires for light commercial vehicles (LCVs), medium & heavy commercialvehicles (M&HCVs) and off-the-road (OTR) vehicles have been considered as 5, 7 and 4, respectively.
R e s e a r c h M e t h o d o l o g y
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Replacement Tire Sales
Replacement Tire demand of a particular country is directly dependent on country’s vehicle fleet size andhistorical vehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleetwith the replacement Tire ratio, which is obtained by conducting a series of surveys with car owners tounderstand the frequency of Tire replacement as it varies for different countries depending upon factorssuch as road conditions, climate, economic and regulatory policies applicable in a country. Thereplacement ratio is expressed as a percentage; and is considered to be 100% if one Tire is replaced pervehicle per year.Example for Passenger Car replacement Tire demand calculation:
The calculated replacement Tire demand data is further analyzed by TechSci Research through Delphitechnique i.e. multiple rounds of telephonic interviews were conducted with Tire companies/dealers inthe Taiwan. The information thus gathered through primary interviews is cross-verified through industryexperts and secondary sources such as annual reports and paid databases to generate meaningfulresults.
Total Tire Market
Tire Trade (Imports & Exports)
TechSci Research has analyzed Tire imports and exports in the Taiwan. The data has been gatheredthrough government agencies and credible paid databases. The total Tire trade has been segmented inaccordance with below mentioned HS codes:
Passenger Car
Fleet Size
(Volume)
XReplacement Ratio
(in %)X No. of Tires =
Replacement
Tire Demand
1,00,000 X 10% X 4 = 40,000 Tires
OEM Tire Sales +Replacement Tire
Sales= Total Tire Market
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The import and export figures for each HS Code have been depicted in Value (USD Million).
Tire Brands Mapping
TechSci Research has mapped all Tire brands being sold in the Taiwan. TechSci Research has gatheredthis information through primary and secondary research. The Tire brands being sold in the Taiwan arefurther segmented into “domestically manufactured” and “non-domestically manufactured” categories.The objective behind brand mapping is to understand more about the competition such as market share,current targets, future strategy, etc.
Forecast
For forecasting the numbers, we have used time series analysis along with regression analysis, followedby judgmental analysis as certain factors such as infrastructure condition, economic outlook, etc., wouldalways differ in the Taiwan.
HS Code Description Tire Type
401110 Motor Cars Passenger Car Tire
401120 Bus or Lorries Tires Commercial Vehicle Tire
401140 Motorcycle Tire Two-Wheeler Tire
401161 Tire Having a "Herring Bone"
OTR Tire
401162 Tire Having a "Herring Bone"
401163 Tire Having a "Herring Bone"
401169 Tire Having a "Herring Bone"
401191 Tire Having a "Herring Bone"
401192 Agriculture Tire
401193 Construction/Industrial Tire
401194 Construction/Industrial Tire
401199 Others Other Tires
I n d u s t r y B r i e f
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Taiwan Tire Market to Surpass $1.2 Billion by 2021
Expanding automotive fleet size, rising automobile exports, coupled with increasing government towards infrastructuraldevelopment to drive Taiwan tire market through 2021
According to TechSci Research report, “Taiwan Tire Market Forecast and Opportunities, 2011 – 2021”, tire market inTaiwan is forecast to surpass $1.2 Billion by 2021, owing growing automobile production to cater domestic as well asforeign market, coupled with favourable tax policies, and expanding automobile fleet size in the country. Presence ofmajor automobile manufacturers like Toyota, Honda, Nissan, China Motor Corporation, Ford, etc., in the country arealso fueling demand for automobiles in the country. Automobile sales in Taiwan exhibited a CAGR of 0.13% during2011-2015, as sales of automobiles increased from 925 thousand units in 2011 to 930 thousand units in2015. Moreover, these automobile manufacturers cater to domestic market as well as international market, which isfurther expected to further drive demand for tires in Taiwan in the coming years.
In Taiwan tire market two-wheeler tire segment accounted for highest market share in 2015, and the segment by overthe past few years, and the segment is further expected to continueit’s dominance in the market in the coming years aswell, owing to expanding two-wheeler fleet size and rising sale of two-wheelers in Taiwan. Moreover, two-wheelersales increased from 639 thousand units in 2011 to 667 thousand units in 2015. Furthermore, northern region was thehighest demand generating region for tires within the country, and the regions dominance is further anticipated tocontinue in the coming years, on account of presence of prominent cities like Taipei City, New Taipei City, Yilan County,Taoyuan County, Hsinchu County, Miaoli County, Keelung City and Hsinchu City in the region.
Taiwan is undergoing a major infrastructure transformation with number of construction projects in pipeline, owing togrowing developmental activities being undertaken in energy, communication, transport, water, health and housingsectors across the country. Moreover, demand for tires in Taiwan grew at a stagnant pace over the past few years,owing to growing vehicle fleet size in the country. Furthermore, rising number of automobile exports to neighbouringcountries, coupled with growing customer inclination towards purchasing two-wheelers to drive Taiwan tire marketduring the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based globalmanagement consulting firm.
S a m p l e D a t a - S n a p s h o t
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Taiwan Tire Market Size, By Value (USD Million),
By Volume (Million Units), 2011-2021F
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 1115 17 19 21 23 25
2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F
Value (USD Billion) Volume (Million Units)Source:XXXXX
Note: These are dummy figures; please purchase our report for actual data
10% 10% 10% 10% 10% 10% 10%
20% 20% 20% 20% 20% 20% 20%
30% 30% 30% 30% 30% 30% 30%
40% 40% 40% 40% 40% 40% 40%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Northern Region Central Region Southern Region Island Region
Taiwan Tire Market Share, By Region, By Volume, 2015 - 2021F
Taiwan Tire Market Share, By Region, By Volume, 2015 & 2021F
YearMarket
Share (%)
2015 X%
2021F X%
Northern Region
Central Region
Southern Region
Island Region
YearMarket
Share (%)
2015 X%
2021F X%
YearMarket
Share (%)
2015 X%
2021F X%
YearMarket
Share (%)
2015 X%
2021F X%
Taiwan Tire Market Share, By Demand Category
(OEM vs Replacement), By Volume, 2011-2021F
40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%
60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%
2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E 2020E 2021E
OEM Demand Replacement Demand
Taiwan Medium & Heavy Commercial Vehicle
Tire Market Share, By Demand Category (OEM
vs Replacement), By Volume, 2011-2021F
30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70%
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
OEM Demand Replacement Demand
Taiwan Light Commercial Vehicle Tire Market Share, By Demand
Category (OEM vs Replacement),By Volume, 2011-2021F
40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%
60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%
2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E 2020E 2021E
OEM Demand Replacement Demand
R e p o r t O r d e r i n g
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Report Price
Report Name: Taiwan Tire Market Forecast & Opportunities, 2011 - 2021
License Type Price
Electronic Access - Single User License $2500
CD-ROM Mail Delivery $3000
Hard Copy Mail Delivery $3500
Electronic Access - Multi-User License $5000
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A b o u t U s & D i s c l a i m e r
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About Us:
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides
market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving
productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-
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industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation
of the opportunities available in the market.
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Disclaimer:The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.
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