Market Insights
As per recent research by MarkNtel Advisors, The New Zealand Tire Market is projected to grow at a CAGR of around 3% during the forecast period, i.e., 2022-27.
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Market Segmentation and Consumer Behavior:
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
- 3 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”
- 1” to 15”
- 1.” to 18”
- 1” to 20”
- 1” to 22.5”
- 6” to 26”
- 1” to 35”
- 1” to 47”
- Above 47”
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Key Players and Competitive Strategies in the New Zealand Tire Market
Several prominent players dominate the New Zealand Tire Market, including:
- Bridgestone
- Goodyear and Dunlop Tyres
- Continental
- Yokohama
- Michelin
- Pirelli
- Kumho
- Hankook
- Toyo
- Balkrishna Industries
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Questions Addressed in this Study
1.What factors are driving the New Zealand Tire Market growth?
2.How is the New Zealand Tire Market expected to grow over the next five years?
3.What are the key insights into the current trends in the New Zealand Tire Market?
4.What is the current size of the New Zealand Tire Market, and how is it projected to change in the future?
6.What is the future outlook for the New Zealand Tire Market in terms of technological advancements and market expansion?
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