The import of new pneumatic rubber tyres for buses or lorries to Japan is expected to rise steadily over the next five years, from 2024 to 2028. In 2023, the import value stood at $203 million USD. The forecasted data indicates a continuous growth rate, seeing an increase from $208.99 million USD in 2024 to $232.64 million USD by 2028.

The year-on-year growth highlights an approximate 2-3% increase annually. This sets the compounded annual growth rate (CAGR) at around 2.7% over the five-year forecast period.

Key future trends to monitor include:

Technological advancements in tyre manufacturing.
Regulatory changes affecting import duties or safety standards.
Economic factors such as exchange rates and commodity prices.
Shifts in demand driven by advancements in alternative transportation technologies.