At a Staggering 5% CAGR, Southeast Asia Two-Wheeler Tire Market Growth and Development Insight

At a Staggering 5% CAGR, Southeast Asia Two-Wheeler Tire Market Growth and Development Insight

Southeast Asia Two-Wheeler Tire Market Size, Share, Trends, Analysis Future and forecast 2023-28

Are you in search of valuable insights driven by data to fuel the growth of your business? Look no further than the comprehensive market research report on Southeast Asia Two-Wheeler Tire Market provided by Markntel Advisors! Whether your goal is to outpace your competitors, introduce new products, or explore untapped markets, our accurately crafted report has all the information you need. As a business owner or analyst, this indispensable tool is something you simply cannot afford to overlook.

Let’s Run Through the Southeast Asia Two-Wheeler Tire Market Insights to Have a Clear View

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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Examining the Top Competitors of the Southeast Asia Two-Wheeler Tire Market Size:

In this section, we will explore the Southeast Asia Two-Wheeler Tire Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.

  • MRF Tyres
  • Bridgestone Tyres
  • Continental Tires
  • CEAT Tyres
  • Apollo Tyres
  • TVS Eurogrip
  • Deerubber Company Ltd
  • [Deestone]
  • Pirelli Tires
  • JK Tyre
  • Michelin
  • Maxxis Tyres
  • Corsa Motorcycle Tire

A Comprehensive Overview of Geographical Diversity:

the Southeast Asia Two-Wheeler Tire Market expands across:

  • Malaysia
  • Indonesia
  • Singapore
  • Cambodia
  • Vietnam
  • Thailand
  • Philippines
  • Others

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Market Driver: Growth of E-commerce & the Transition toward E-mobility

The e-commerce sector in the Southeast Asia region has grown at a considerable rate over the past years due to the rising preference of consumers & improvement in online payment facilities. In addition, the availability of a huge variety of options and lucrative pricing & discounts on purchases has also fuelled online sales. As a result, it has positively expanded the logistics sector by increasing its operational work, including home deliveries.

This growth in online sales led to the widespread adoption of both conventional & electric scooters & motorcycles by online delivery companies like Gojek, Foodpanda, etc., to facilitate early product deliveries. It has been mainly attributed to the compact size of two-wheelers, which eases commuting in crowded cities of the region. As Southeast Asia depends on electric two-wheeler imports, many companies have received funding to establish their manufacturing units in the region. For instance,

  • In 2022, DatBike, a Vietnam-based electric vehicle start-up, received USD5.3 million in Series A funding for expanding its domestic electric two-wheeler manufacturing capability.

Hence, with the increasing number of e-commerce companies and the growing domestic two-wheeler manufacturing, the demand for two-wheeler tires is anticipated to rise in the forecast years.

Southeast Asia Two-Wheeler Tire Market Segmentation Outline:

  • 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])
  • By Tire 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)

Key Questions Addressed in the Southeast Asia Two-Wheeler Tire Market Research Report:

  • What is the estimated size, share, & CAGR of the Southeast Asia Two-Wheeler Tire Market in the forecast period?
  • What are the key trends projected to impact the Southeast Asia Two-Wheeler Tire Market during 2023-28?
  • What are the different segments & sub-segments considered in the Southeast Asia Two-Wheeler Tire Market research study?
  • Who are the key stakeholders and players participating in the Southeast Asia Two-Wheeler Tire Market?
  • What would be the demand for different types of products/services in the Southeast Asia Two-Wheeler Tire Market through 2028?

Ask Analyst for Customization and Browse full report with TOC List of Figure:

Note: The Southeast Asia Two-Wheeler Tire Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.

About MarkNtel Advisors

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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