Thorough Report: Southeast Asia Two-Wheeler Tire Market Size, Share, and Growth Trends
The latest research report by MarkNtel Advisors, titled Southeast Asia Two-Wheeler Tire Market, offers a comprehensive industry overview and market perspective. This study provides an extensive examination of the current market landscape, encompassing market trends and the latest advancements. The report delves into an in-depth analysis of market size, market share, industry trends, forecasts, and the competitive environment, presenting a clear and informative portrayal of the market, supported by relevant statistical data.
This report seamlessly combines meticulous quantitative analysis with qualitative insights, offering a wide-ranging perspective. It covers macro-level insights such as the overall market size, industry supply chain, and market dynamics, while also delving into micro-level details concerning segment-specific markets. As a result, the report offers a comprehensive understanding of the industry under scrutiny, capturing all its vital characteristics.
Southeast Asia Two-Wheeler Tire Market Insights:
The Southeast Asia Two-Wheeler Tire Market is valued at USD3.11 billion in 2022 and is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2023-28.
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Southeast Asia Two-Wheeler Tire Market Dynamic:
Growth Opportunity:
Favorable Government Policies for Electric Vehicle Production & Adoption: Vietnam, Indonesia, etc., are among the most polluted countries in the world, and the individuals living in these countries experience poor-quality air. According to the World Bank, in 2022, South Asia was home to around 9 of 10 cities in the world with the worst air pollution, which caused an estimated 2 million premature deaths across the region and substantial economic costs.
Therefore, to improve the quality of the air & lower emissions, the government of the countries such as Indonesia, Thailand, etc., have been encouraging the adoption of electric vehicles rather than conventional fuel-based automobiles. This push has further attracted the two-wheeler manufacturers to establish new manufacturing units in the region which would be crucial for the upsurge in the need for OEM electric two-wheeler tires. For instance,
- In 2023, Verywords Co. Ltd. announced the establishment of its electric motorbike plant in the Kandal Province of Cambodia. According to the company, this would help it to cater to the domestic as well as the export demand in the coming years for electric vehicles.
Hence, the higher adoption of electric two-wheelers and the establishment of a two-wheeler manufacturing ecosystem would offer robust growth opportunities for the Southeast Asia Two-Wheeler Tire Market during 2023-28.
Highlights Regarding Dominant Businesses in Southeast Asia Two-Wheeler Tire Market
In the Southeast Asia Two-Wheeler Tire Market, it is crucial to identify the key players who wield significant influence and control over the industry. These key players are the businesses that have not only established themselves as prominent participants but also continue to dominate the market. Their leadership is evident through their market share, innovative practices, and consistent growth. Understanding these industry dominators is essential for competitors, investors, and stakeholders, as it allows them to gauge market dynamics, make informed decisions, and potentially collaborate or compete effectively in this dynamic landscape. The information on the following key market participants is presented in this section:
- MRF Tyres
- Bridgestone Tyres
- Continental Tires
- CEAT Tyres
- Apollo Tyres
- TVS Eurogrip
- Pirelli Tires
- JK Tyre
- Michelin Tyre
- Maxxis Tyres
- Multistrada Arah Sarana Tbk (Corsa Motorcycle Tire)
- Vee Rubber Co. Ltd.
- Deerubber Company Ltd. (Deestone)
- Inoue Rubber Co. Ltd. (IRC Tires)
- Suryaraya Rubberindo Industries (FDR Tires)
- ND Rubber Public Co. Ltd.
- Others
Market Segmentation and Regional Growth Outlook for the Southeast Asia Two-Wheeler Tire Market
The Southeast Asia Two-Wheeler Tire Market is set to witness a noteworthy expansion, underpinned by a comprehensive analysis of the key factors explored in our in-depth study. This market is neatly divided into three distinct segments:
- By Vehicle Type
- Scooter and Moped
- Upto 100CC,
- 101 cc to 125 cc,
- 126 cc to 150 cc,
- Above 150 cc,
- Motorcycle
- Upto 100CC,
- 101 cc to 125 cc,
- 126 cc to 150 cc,
- Above 150 cc,
- By Rim Size
- 10” to 14”,
- 1” to 16”,
- Above 16.1”,
- By Tire Type
- Radial,
- Bias,
- By Price Category
- Budget,
- Economy,
- Premium,
- By Sales Channel
- Online,
- Direct Sales,
- Multi Brand Stores,
- Exclusive Outlets,
- By Demand Type
- OEM,
- Replacement,
- By Country
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Others
- Scooter and Moped
with an expectation that specific market categories will serve as catalysts for driving its growth.
Explore the Complete Southeast Asia Two-Wheeler Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/south-east-asia-two-wheeler-tire-market.html
Southeast Asia Two-Wheeler Tire Market Analysis Report Contains Answers to the following Questions:
- What is the projected value of the Southeast Asia Two-Wheeler Tire Market for the year 2028?
- What current trends can be observed in the Southeast Asia Two-Wheeler Tire Market, and do they suggest potential growth or decline in market demand in the coming years?
- What is the anticipated demand for different product categories and their potential applications across various industries in the market?
- Who are the leading players in the Southeast Asia Two-Wheeler Tire Market, and which companies currently hold a dominant position in the industry?
- What strategies are advisable for entering the market, mitigating economic impact, and selecting appropriate marketing channels within the Southeast Asia Two-Wheeler Tire Market?
Important Notes: In case you missed it, we are currently revising our reports. Click on the “request customization report” button to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
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