Asia Pacific Racing Tires Market Size, Share & Trends Analysis Report By Tire Type, By Application, By Distribution Channel, By Country and Growth Forecast, 2023 - 2030

PUBLISHED: March 14, 2024

PAGES: 114 Pages

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The Asia Pacific Racing Tires Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030).

The China market dominated the Asia Pacific Racing Tires Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,137.5 Thousands by 2030. The Japan market is registering a CAGR of 5.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.7% during (2023 - 2030).

The racing tires market stands at the intersection of technological prowess, high-performance engineering, and the adrenaline-fueled motorsports. As a critical component of a race car's performance, it plays a pivotal role in translating the engine's raw power into traction, grip, and ultimately, victory on the track.

Additionally, in the relentless pursuit of excellence, the racing tires market has experienced dynamic shifts in adoption trends, reflecting the broader transformations within the automotive and motorsports landscape.

As per the Government of India, in a breakthrough moment for motorsports development in India, the first-ever MotoGP Bharat, one of the races of the prestigious MotoGP series, was organized in Uttar Pradesh State in 2023. Hence, the rising motorcar sports in Asia Pacific will boost the demand for racing tires in the region.

Based on Tire Type, the market is segmented into Racing Slick Tires, and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires, and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires, and OEMs. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

Bridgestone Corporation
Continental AG
Michelin
Hankook Tire & Technology
Pirelli & C. S.p.A.
The Goodyear Tire & Rubber Company
The Yokohama Rubber Co., Ltd.
Zhongce Rubber Group Co., Limited
Nexen Tire
Maxxis International USA (Cheng Shin Rubber Industry Co.)

Asia Pacific Racing Tires Market Report Segmentation

By Tire Type

Racing Slick Tires
Racing Treaded Tires

By Application

Auto Racing Tires
Motorcycle Racing Tires

By Distribution Channel

Replacement Tires
OEMs

By Country

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Racing Tires Market, by Tire Type
- 1.4.2Asia Pacific Racing Tires Market, by Application
- 1.4.3Asia Pacific Racing Tires Market, by Distribution Channel
- 1.4.4Asia Pacific Racing Tires Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter Five Forces Analysis

Chapter 4.Strategies Deployed in Racing Tires Market

Chapter 5.Asia Pacific Racing Tires Market, By Tire Type

5.1Asia Pacific Racing Slick Tires Market, By Country
5.2Asia Pacific Racing Treaded Tires Market, By Country

Chapter 6.Asia Pacific Racing Tires Market, By Application

6.1Asia Pacific Auto Racing Tires Market, By Country
6.2Asia Pacific Motorcycle Racing Tires Market, By Country

Chapter 7.Asia Pacific Racing Tires Market, By Distribution Channel

7.1Asia Pacific Replacement Tires Market, By Country
7.2Asia Pacific OEMs Market, By Country

Chapter 8.Asia Pacific Racing Tires Market, By Country

8.1China Racing Tires Market
- 8.1.1China Racing Tires Market, By Tire Type
- 8.1.2China Racing Tires Market, By Application
- 8.1.3China Racing Tires Market, By Distribution Channel
8.2Japan Racing Tires Market
- 8.2.1Japan Racing Tires Market, By Tire Type
- 8.2.2Japan Racing Tires Market, By Application
- 8.2.3Japan Racing Tires Market, By Distribution Channel
8.3India Racing Tires Market
- 8.3.1India Racing Tires Market, By Tire Type
- 8.3.2India Racing Tires Market, By Application
- 8.3.3India Racing Tires Market, By Distribution Channel
8.4South Korea Racing Tires Market
- 8.4.1South Korea Racing Tires Market, By Tire Type
- 8.4.2South Korea Racing Tires Market, By Application
- 8.4.3South Korea Racing Tires Market, By Distribution Channel
8.5Singapore Racing Tires Market
- 8.5.1Singapore Racing Tires Market, By Tire Type
- 8.5.2Singapore Racing Tires Market, By Application
- 8.5.3Singapore Racing Tires Market, By Distribution Channel
8.6Malaysia Racing Tires Market
- 8.6.1Malaysia Racing Tires Market, By Tire Type
- 8.6.2Malaysia Racing Tires Market, By Application
- 8.6.3Malaysia Racing Tires Market, By Distribution Channel
8.7Rest of Asia Pacific Racing Tires Market
- 8.7.1Rest of Asia Pacific Racing Tires Market, By Tire Type
- 8.7.2Rest of Asia Pacific Racing Tires Market, By Application
- 8.7.3Rest of Asia Pacific Racing Tires Market, By Distribution Channel

Chapter 9.Company Profiles

9.1Bridgestone Corporation
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental Analysis
- 9.1.4Recent strategies and developments:
  - 9.1.4.1Product Launches and Product Expansions:
- 9.1.5SWOT Analysis
9.2Continental AG
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
  - 9.2.5.1Partnerships, Collaborations, and Agreements:
  - 9.2.5.2Product Launches and Product Expansions:
- 9.2.6SWOT Analysis
9.3Michelin
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4SWOT Analysis
9.4Hankook Tire & Technology
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Regional Analysis
- 9.4.4Recent strategies and developments:
  - 9.4.4.1Partnerships, Collaborations, and Agreements:
  - 9.4.4.2Acquisition and Mergers:
- 9.4.5SWOT Analysis
9.5Pirelli & C. S.p.A.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Regional Analysis
- 9.5.4Research & Development Expenses
- 9.5.5Recent strategies and developments:
  - 9.5.5.1Partnerships, Collaborations, and Agreements:
  - 9.5.5.2Product Launches and Product Expansions:
- 9.5.6SWOT Analysis
9.6The Goodyear Tire & Rubber Company
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5Recent strategies and developments:
  - 9.6.5.1Partnerships, Collaborations, and Agreements:
- 9.6.6SWOT Analysis
9.7The Yokohama Rubber Co., Ltd.
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental Analysis
- 9.7.4Recent strategies and developments:
  - 9.7.4.1Partnerships, Collaborations, and Agreements:
- 9.7.5SWOT Analysis
9.8Zhongce Rubber Group Co., Limited
- 9.8.1Company Overview
- 9.8.2SWOT Analysis
9.9Nexen Tire
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3SWOT Analysis
9.10.Maxxis International-USA (Cheng Shin Rubber Industry Co.)
- 9.10.1Company Overview
- 9.10.2SWOT Analysis

LIST OF TABLES

TABLE 1Asia Pacific Racing Tires Market, 2019 - 2022, USD Million
TABLE 2Asia Pacific Racing Tires Market, 2023 - 2030, USD Million
TABLE 3Asia Pacific Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 4Asia Pacific Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 5Asia Pacific Racing Slick Tires Market, By Country, 2019 - 2022, USD Million
TABLE 6Asia Pacific Racing Slick Tires Market, By Country, 2023 - 2030, USD Million
TABLE 7Asia Pacific Racing Treaded Tires Market, By Country, 2019 - 2022, USD Million
TABLE 8Asia Pacific Racing Treaded Tires Market, By Country, 2023 - 2030, USD Million
TABLE 9Asia Pacific Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 10Asia Pacific Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 11Asia Pacific Auto Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 12Asia Pacific Auto Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 13Asia Pacific Motorcycle Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 14Asia Pacific Motorcycle Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 15Asia Pacific Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 16Asia Pacific Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 17Asia Pacific Replacement Tires Market, By Country, 2019 - 2022, USD Million
TABLE 18Asia Pacific Replacement Tires Market, By Country, 2023 - 2030, USD Million
TABLE 19Asia Pacific OEMs Market, By Country, 2019 - 2022, USD Million
TABLE 20Asia Pacific OEMs Market, By Country, 2023 - 2030, USD Million
TABLE 21Asia Pacific Racing Tires Market, By Country, 2019 - 2022, USD Million
TABLE 22Asia Pacific Racing Tires Market, By Country, 2023 - 2030, USD Million
TABLE 23China Racing Tires Market, 2019 - 2022, USD Million
TABLE 24China Racing Tires Market, 2023 - 2030, USD Million
TABLE 25China Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 26China Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 27China Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 28China Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 29China Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 30China Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 31Japan Racing Tires Market, 2019 - 2022, USD Million
TABLE 32Japan Racing Tires Market, 2023 - 2030, USD Million
TABLE 33Japan Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 34Japan Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 35Japan Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 36Japan Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 37Japan Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 38Japan Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 39India Racing Tires Market, 2019 - 2022, USD Million
TABLE 40India Racing Tires Market, 2023 - 2030, USD Million
TABLE 41India Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 42India Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 43India Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 44India Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 45India Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 46India Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 47South Korea Racing Tires Market, 2019 - 2022, USD Million
TABLE 48South Korea Racing Tires Market, 2023 - 2030, USD Million
TABLE 49South Korea Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 50South Korea Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 51South Korea Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 52South Korea Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 53South Korea Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 54South Korea Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 55Singapore Racing Tires Market, 2019 - 2022, USD Million
TABLE 56Singapore Racing Tires Market, 2023 - 2030, USD Million
TABLE 57Singapore Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 58Singapore Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 59Singapore Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 60Singapore Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 61Singapore Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 62Singapore Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 63Malaysia Racing Tires Market, 2019 - 2022, USD Million
TABLE 64Malaysia Racing Tires Market, 2023 - 2030, USD Million
TABLE 65Malaysia Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 66Malaysia Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 67Malaysia Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 68Malaysia Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 69Malaysia Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 70Malaysia Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 71Rest of Asia Pacific Racing Tires Market, 2019 - 2022, USD Million
TABLE 72Rest of Asia Pacific Racing Tires Market, 2023 - 2030, USD Million
TABLE 73Rest of Asia Pacific Racing Tires Market, By Tire Type, 2019 - 2022, USD Million
TABLE 74Rest of Asia Pacific Racing Tires Market, By Tire Type, 2023 - 2030, USD Million
TABLE 75Rest of Asia Pacific Racing Tires Market, By Application, 2019 - 2022, USD Million
TABLE 76Rest of Asia Pacific Racing Tires Market, By Application, 2023 - 2030, USD Million
TABLE 77Rest of Asia Pacific Racing Tires Market, By Distribution Channel, 2019 - 2022, USD Million
TABLE 78Rest of Asia Pacific Racing Tires Market, By Distribution Channel, 2023 - 2030, USD Million
TABLE 79Key Information - Bridgestone Corporation
TABLE 80Key Information - Continental AG
TABLE 81Key Information - Michelin
TABLE 82Key Information - Hankook Tire & Technology
TABLE 83Key Information - Pirelli & C. S.p.A.
TABLE 84Key Information - The Goodyear Tire & Rubber Company
TABLE 85Key Information - The Yokohama Rubber Co., Ltd.
TABLE 86Key Information - Zhongce Rubber Group Co., Limited
TABLE 87Key Information - Nexen Tire
TABLE 88Key Information - Maxxis International-USA