Philippines Tire Market Size- By Product, By Vehicle Type, By Demand Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Philippines Tire Market Introduction and Overview
According to SPER Market Research, ‘Philippines Tire Market Size- By Product, By Vehicle Type, By Demand Category, – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Philippines Tire Market is estimated to reach USD XX billion by 2033 with a CAGR of 3.91%.
As the vital link between the road and the vehicle body, tires are an essential component of automobiles. The tires encircle the wheel rim, offering vital traction, cushioning impacts, and preserving stability to guarantee a more comfortable and effective ride. Natural and synthetic rubber, wire, cloth, carbon black, and a variety of chemical compounds are the main components of a tire.
The COVID-19 epidemic caused severe interruptions in supply chains and manufacturing activity, which in turn affected the tire industry in the Philippines. Travel restrictions and lockdowns reduced vehicle utilization, which in turn impacted the need for tires. The availability of raw materials and completed goods was further limited by import restrictions and logistical difficulties.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product, By Vehicle Type, By Demand Category
Regions covered Northern Region, Eastern Region, Western Region, Southern Region
Companies Covered Armstrong Enterprises Company, Inc., CST Tires/AP Blue Whale, Inc., Michelin Philippines Pty Ltd., Nexen Distribution Philippines Inc., Sailun Co., Ltd., Tiara Commercial & Industrial Corp., Westlake Tires Philippines, Inc., Yokohama Tire Sales Philippines Inc., Goodyear Philippines, Inc.
Philippines Tire Market Segmentation:
By Product: Based on the Product, Philippines Tire Market is segmented as; Radial Tires, Bias Tires.
By Vehicle Type: Based on the Vehicle Type, Philippines Tire Market is segmented as; Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers.
By Demand Category: Based on the Demand Category, Philippines Tire Market is segmented as; OEM, Aftermarket.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the Philippines Tire Market.
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Philippines Tire Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Tire Market
- 7. Philippines Tire Market, By Product (USD Million) 2020-2033
- 7.1. Philippines Tire Market Size, Share and Forecast, By Product, 2020-2026
- 7.2. Philippines Tire Market Size, Share and Forecast, By Product, 2027-2033
- 7.3. Radial Tires
- 7.4. Bias Tires
- 8. Philippines Tire Market, By Vehicle Type (USD Million) 2020-2033
- 8.1. Philippines Tire Market Size, Share and Forecast, By Vehicle Type, 2020-2026
- 8.2. Philippines Tire Market Size, Share and Forecast, By Vehicle Type, 2027-2033
- 8.3. Passenger Cars,
- 8.4. Light Commercial Vehicles
- 8.5. Heavy Commercial Vehicles
- 8.6. Two Wheelers
- 9. Philippines Tire Market, By Demand Category (USD Million) 2020-2033
- 9.1. Philippines Tire Market Size, Share and Forecast, By Demand Category, 2020-2026
- 9.2. Philippines Tire Market Size, Share and Forecast, By Demand Category, 2027-2033
- 9.3. OEM
- 9.4. Aftermarket
- 10. Philippines Tire Market Forecast, 2020-2033 (USD Million)
- 10.1. Philippines Tire Market Size and Market Share
- 11. Philippines Tire Market, By Region, 2020-2033 (USD Million)
- 11.1. Philippines Tire Market Size and Market Share By Region (2020-2026)
- 11.2. Philippines Tire Market Size and Market Share By Region (2027-2033)
- 11.3. Eastern Region
- 11.4. Northern Region
- 11.5. Western Region
- 11.6. Southern Region
- 12. Company Profile
- 12.1. ARMSTRONG ENTERPRISES COMPANY, INC.
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. CST TIRES, INC.
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. GOODYEAR PHILIPPINES, INC.
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. MICHELIN PHIPINNES PTY LTD.
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. NEXEN DISTRIBUTION PHILIPPINES INC.
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. SAILUN CO., LTD.
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. TIARA COMMERCIAL AND INDUSTRIAL CORP.
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. WESTLAKE TIRES PHILIPPINES
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. YOKOHAMA TIRE SALES PHILIPPINES INC.
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Others
- 13. Conclusion
- 14. List of Abbreviations
- 15. Reference Links
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