According to Markntel Advisors Report, New Zealand Tire Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

The tire industry across New Zealand is import-driven, with the prevalence of Chinese tires and the growing sales of SUVs & pickup trucks. Besides, as the average vehicle age across the country is relatively higher, it augments the need for timely repairs & maintenance, which leads to frequent tire replacements. Due to this, prominent players in the tire industry of New Zealand are set to observe lucrative opportunities in the coming years.

New Zealand Tire Market Research Report & Summary:

The New Zealand Tire Market is projected to grow at a CAGR of around 3% during the forecast period, i.e., 2022-27.                

Time Period Captured in the Report:

·        Historical Years: 2017-20

·        Base Years: 2021

·        Forecast Years: 2022-27 

Who are the Key Players Operating in the New Zealand Tire Market?

The top companies of the New Zealand Tire Market ruling the industry are: 

Bridgestone, Goodyear and Dunlop Tyres, Continental, Yokohama, Michelin, Pirelli, Kumho, Hankook, Toyo, Federal tyres New Zealand

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What is Included in New Zealand Tire Market Segmentation?

The New Zealand Tire Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

By Type of Vehicles

·       Passenger Car

·       Light Commercial Vehicle

·       Medium and Heavy Commercial Vehicles

·       Off the Road (OTR)

·       Two Wheelers

By Demand Category

·       OEM

·       Aftermarket

·       By Type of Tire

·       Radial

·       Bias

·       By Sales Channel

·       Dealer/Exclusive Outlets

·       Online

·       Direct

By Season

·       All season

·       Summer

·       Winter

By Price Category

·       Budget (Up to USD90)

·       Economy (USD91-USD140

·       Premium (Above USD140)

By Rim Diameter

·       Upto 12”

·       12.1” to 15”

·       15.1.” to 18”

·       18.1” to 20”

·       20.1” to 22.5”

·       22.6” to 26”

·       26.1” to 35”

·       35.1” to 47”

·       Above 47”

 Explore the Complete New Zealand Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/new-zealand-tire-market.html

Market Segmentation

·        Based on the Vehicle Type:

·        Two Wheelers

·        Three Wheelers

·        Passenger Cars

·        Light Commercial Vehicles

·        Medium & Heavy Commercial Vehicles

·        Off the Road (OTR) Vehicles

Amongst them all, Light Commercial Vehicles are anticipated to contribute prominently to the expansion of the New Zealand Tire Market during 2022-27. It attributes principally to the immense popularity of pickup trucks in the country, with the prevalence of Ford Ranger pickup trucks. Besides, the increasing government support in the form of incentives to EV buyers, including EV-pickup trucks, is another crucial aspect projected to fuel the overall market growth for light commercial vehicles in the coming years.

On the other hand, passenger cars are anticipated to dominate the market with the largest share through 2027, owing to the improved living standards of people & their growing inclination toward private ownership of vehicles. Besides, with the growing demand for SUVs and the mounting prevalence of automakers like Ford, Toyota, etc., the sales of passenger cars are rising across the country and generating growth opportunities for the leading players in the tire industry of New Zealand.

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