How Big is the South East Asia Tire Market?

The South East Asia Tire Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the abundant availability of raw materials like natural rubber across South East Asia, i.e., generating lucrative growth opportunities for the leading tire manufacturers to establish their production facilities across different countries in the region and meet the increasing consumer requirements.

Market Statistics

• Market Growth Rate (CAGR): 8% from 2021-2026

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South East Asia Tire Market Insight:

Driver-

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.

 South East Asia Tire Market Segmentation:

The report has segmented the market into the following categories:

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

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

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/south-east-asia-tire-market.html

Competitive Landscape:

• Hankook
• Bridgestone
• Goodyear
• Michelin
• Continental
• Pirelli
• Kumho
• Apollo.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

• Market Performance (2021-2026)
• Strategic Recommendations
• Current, Historical and Future Market Trends
• Market Drivers and Leading Competitor
• SWOT Analysis
• Structure of the Market
• Comprehensive Mapping and Recent Advancement

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