Overview of the Southeast Asia Two-Wheeler Tire Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Southeast Asia Two-Wheeler Tire Market By Vehicle Type (Scooters & Mopeds [Up to 100cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc], Motorcycles [Up to 100cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc]), ByTire Type (Radial, Bias), By Demand Type (OEM, Replacement), By Rim Size (10” to 14”, 14.1” to 16”, Above 16.1”), By Price Category (Budget, Economy, Premium), By Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets), 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. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Southeast Asia Two-Wheeler Tire Market Growth and Scope:
Base Year: 2022
Forecast Period: 2023-28
Historical Data: 205-21
CAGR (2023-2028): 5%
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Southeast Asia Two-Wheeler Tire Market Trend:
Increasing Adoption of Motorcycles for Police Patrolling: Over the years, Southeast Asian countries have been dealing with heavy traffic congestion issues due to poor road infrastructure, rising vehicle ownership, etc. For instance, according to the survey by navigation specialists TomTom in 2022, Jakarta was the 29th most congested city out of 390 surveyed cities. Similarly, Bangkok was placed 15th & Kuala Lumpur 22nd in the survey of most congested cities in 2022. Owing to these traffic congestion problems, police authorities previously faced issues & delays in reaching the emergency locations within time. Thus, to quickly respond to emergencies & outreach the desired location, the police authorities are now seeking motorcycles rather than divisional vans & patrol vans. As a result, there is an increasing demand for the motorcycles such as Harley Davidson LiveWire, Ducati, etc., designed specifically for police patrolling, consequently generating the requirement for two-wheeler tires.
A Comprehensive Analysis of Leading Companies of Southeast Asia Two-Wheeler Tire Market by MarkNtel Advisors:
- 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
Key Southeast Asia Two-Wheeler Tire Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/south-east-asia-two-wheeler-tire-market.html
-By Tire Type
- Radial
- Bias
Here, bias tires held a more prominent market in the previous few years, owing mainly to their higher load-bearing capacity & affordability than radial tires.
-By Vehicle Type
- Scooters & Mopeds
- Motorcycles
Of both, scooters & mopeds held a substantial share in the Southeast Asia Two-Wheeler Tire Market, with Indonesia, Thailand, Vietnam, and the Philippines among the key countries driving higher sales of two-wheelers across the region.
-By Rim Size
- 10” to 14”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- 1” to 16”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Above 16.1”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
-By Price Category
- Budget, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Economy, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Premium, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
-By Sales Channel
- Online, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Direct Sales, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Multi Brand Stores, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Exclusive Outlets, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
-By Demand Type
- OEM, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Replacement, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Geographical Analysis
-By Country
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Others
Of all countries in Southeast Asia, the Indonesia Two-Wheeler Tire Market is witnessing notable growth, owing to the growing adoption of motorcycles & scooters by ride-hailing companies like Gojek, Grab, etc., to expand their fleet size and cater to the transportation requirements of individuals residing in the country.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
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