South East Asia Tire Industry Report 2021–2026: Growth, Trends & Key Players

Market Size, Growth & Valuation (2021-26)

South East Asia Tire Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26.

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South East Asia Tire Market Structure – Segmentation & Geography

By Vehicle Type

Passenger Cars
- SUV
- Sedan
- Hatchback & Bakkies
Light Commercial Vehicles (LCV)
- Light Trucks
- Light Buses
- Pickup trucks & Vans
Medium & High Commercial Vehicles
- Bus
- Truck
Two Wheelers
- Moped
- Scooters
- Motorcycles
Off the Road (OTR)
- Earthmoving Equipment
- Material Handling Equipment
- Industrial & Mining Equipment

Amongst them all, Passenger Cars are anticipated to display the fastest growth in the South East Asia Tire Market during 2021-26.

By Demand Type

OEM
Replacement

By Type of Tire

Radial
Bias

By Season

All Season
Summer

By Rim Size

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”

By Price Category

Low
Medium
High

By Country

Malaysia
Indonesia
Singapore
Cambodia
Vietnam
Thailand
Philippines
Others.

Amongst all countries, Thailand is expected to generate significant growth opportunities for the South East Asia Tire Market during 2021-26.

Key Growth Trends (2021-2026)

Government Efforts for Encouraging the Adoption of Electric Vehicles (EVs) - With the growing need to address the adverse effects of carbon emissions on the environment, the governments of different countries in South East Asia are encouraging the adoption of EVs. It, in turn, is generating growth opportunities for the leading players to develop & distribute tires for EVs and, in turn, drive the Tire Market across South East Asia during 2021-26.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The South East Asia Tire industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading South East Asia Tire Companies are:

Hankook
Bridgestone
Goodyear
Michelin
Continental
Pirelli
Kumho
Apollo.

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Key Questions Answered in This Report:

What is the current market size of South East Asia Tire, and what growth rate is projected by 2026?
Which key trends are driving South East Asia Tire market expansion in the next five years?
How does market segmentation impact industry dynamics?
Which geographic regions offer the highest growth potential?
What are the primary challenges hindering South East Asia Tire industry growth?
How do regulatory policies influence market development?
What are the latest technological advancements impacting the sector?
Who are the leading South East Asia Tire companies, and what are their market shares?
What strategies are top competitors adopting to maintain dominance?
What are the emerging niche segments with high growth potential?
How do macroeconomic factors affect market performance?
What are the investment opportunities for new entrants?
How does pricing strategy vary across different market segments?
What are the future innovation trends expected in this industry?

Other Report:

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