Market Research Report
South East Asia Tire Market, By Vehicle Type, By Demand Category, By Radial vs. Bias, By Rim Size, By Tire Type, Competition, Forecast & Opportunities, 2016-2026
|Published by||TechSci Research||Product code||1008725|
|Published||Content info||86 Pages
Delivery time: Inquiry
|South East Asia Tire Market, By Vehicle Type, By Demand Category, By Radial vs. Bias, By Rim Size, By Tire Type, Competition, Forecast & Opportunities, 2016-2026|
|Published: June 1, 2021||Content info: 86 Pages||
South East Asia Tire market was valued USD9.54 Billion in 2020 and is forecast to grow at CAGR of 6.32% in the next five years. Based on consumer spending behaviour across the South East Asian countries, consumers mostly prefer two-wheelers for their daily commuting purpose. Due to this, the sales of two-wheelers are increasing at a brisk pace which is fuelling the automotive fleet which in turn is boosting the demand for automotive replacement tires. In addition to that, major automotive manufacturers are increasing the production of vehicles, especially two-wheelers across the region which is directly generating the demand for OEM tires across the region. Moreover, construction and mining activities in this region are continuously increasing and hence demand for commercial vehicles and OTR vehicles is generously increasing which is susceptible to drive the market of automotive tires in the forecast period.
South East Asia tire market is classified based on vehicle type, demand category, radial vs bias, tire type, rim size, country, and company. On the basis of vehicle type, South East Asia tire market is segmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle, two-wheeler, three-wheeler and OTR. In terms of demand category, most of the tire sales are constituted by replacement tires. Due to greater replacement needs for fleet vehicles in the region, majority of tire sales are contributed by replacement tires. Based on technology, market is segmented into radial tires and bias tires. On the basis of tire type, the market is bifurcated into run flat tires and non-run flat tires. Non-run flat tires being traditional tires, are easily available in the market, hence they are currently dominating the tire market in this region. Market in terms of rim size is segmented into 14 inches, 15 inches, 16 inches, 17 inches, 18 inches, and 19 inches & above. By country, the market is segmented into Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Cambodia, etc.
Gajah Tunggal, Suryaraya Rubberindo, Bridgestone, Michelin, Sumirubber, etc., are among some of the leading brands operating in South East Asia tire market. Apart from these brands, other tire brands are also increasing their brand awareness, price schemes and elevating product portfolio in the region to increase their customer base. Major companies in the South East Asia tire market are also focusing on increasing their dealer and distributor network and launching technologically advanced products to grab a larger share in the region's tire market.
Years considered for this report:
Historical Period: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of passenger car dealers and distributors in the South East Asian region. Subsequently, TechSci Research conducted primary research surveys with identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, application, distribution channel and regional presence of all the automotive tire manufacturers, distributors and dealers across the country.
TechSci Research calculated the market size of the South East Asia tire market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle
Up To 14 inches
19 inches & above
Non-Run Flat Tires
Run Flat Tires
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Profit Margin Analysis