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Market Research Report

Malaysia Tire Market, By Vehicle Type, By Demand Category, By Radial vs. Bias, By Company, Competition Forecast & Opportunities, 2016-2026

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Malaysia Tire Market, By Vehicle Type, By Demand Category, By Radial vs. Bias, By Company, Competition Forecast & Opportunities, 2016-2026
Published: April 1, 2021 Content info: 119 Pages
Description

Title:
Malaysia Tire Market, By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles & OTR Vehicles), By Demand Category (OEM vs. Replacement), By Radial vs. Bias, By Company, Competition Forecast & Opportunities, 2016-2026.

Malaysia tire market stood at around USD1.19 billion in 2020 and is expected to register growth with a CAGR of around 5.86% by value terms in the forecast period. Passenger car demand is increasing owing to its usage for daily commutation and due to that vehicle fleet of the country is increasing, consequently, driving the Malaysia tire market. Moreover, increasing per capita spending of the people is also resulting in the upgradation of vehicles and hence inducing demand for technologically advanced replacement tires in the country. Continuous business expansion of the worlds' leading tire companies in the country by increasing their product portfolio and customer outreach through more dealer addition is anticipated to intensify the competition in the Malaysia tire market over the course of the next five years.

Malaysia tire market can be segmented based on vehicle type, by demand category, by company and by region. In terms of vehicle type, the market is segmented into passenger cars, two-wheelers, light commercial vehicles, medium & heavy commercial vehicles & OTR vehicles. Passenger car tires dominated the overall Malaysia tire market in 2020. On the basis of demand category, the replacement market is dominating the Malaysia tire market as compared to OEM category. In terms of regional share, the market is segmented into East Malaysia and West Malaysia. As of 2020, East Malaysia dominated the country's tire market owing to better presence of dealers and distributors of automotive tires. In terms of radial vs bias, the market share of radial tires is dominating the Malaysia tire market and the trend is expected to continue in the near future.

Goodyear Malaysia Berhad, Michelin Malaysia Sdn. Bhd, Continental Tyre Malaysia Sdn Bhd, Bridgestone Tyre Sales (Malaysia) Sdn. Bhd, Hankook Tire Malaysia Sdn. Bhd., Toyo Tyre Malaysia Sdn. Bhd. Maxxis Tires Malaysia., etc. are some of the leading players operating in the Malaysia tire market. Apart from the flagship companies, many Chinese players are also increasing their footprint in the Malaysia tire market by pushing their low-cost products blended with ease of availability.

Years considered for this report:

Historical Period: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze the historical growth in the market size of the Malaysia tire market, in terms of value as well as volume, from 2016 to 2020.
  • To estimate and forecast the Malaysia tire market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast Malaysia tire market based on Vehicle Type, Radial vs. Bias and OEM vs. Replacement.
  • To identify drivers and challenges for the Malaysia tire market.
  • To examine competitive developments such as business growth opportunities, new product launches, mergers and acquisitions, etc., in the Malaysia tire market.
  • To conduct the pricing analysis for the Malaysia tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing of Malaysia tire market.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of tire dealers and distributors in Malaysia. Subsequently, TechSci Research conducted primary research surveys with the 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 analysed product offerings, application, distribution channel and regional presence of all the tire distributors and dealers across the country.

TechSci Research calculated the market size for Malaysia tire using a bottom-up technique, wherein manufacturers' volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, Malaysia Automotive Association (MAA), Economic Intelligence Unit (EIU), Company Websites, company annual reports, white papers, investor presentations and financial reports were also studied for the Malaysia tire market research by TechSci Research.

Key Target Audience:

  • Car manufacturing companies
  • Raw material suppliers
  • Dealers/distributors of tires
  • Governments and financial institutions
  • Research organizations and consulting companies
  • Research institutes
  • Associations, organizations, forums and alliances related to tires
  • Industry associations
  • Market research and consulting firm

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.

Report Scope:

In this report, the Malaysia tire market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Malaysia Tire Market, By Vehicle Type:

Passenger Cars

Medium & Heavy Commercial Vehicles

Light Commercial Vehicles

Off-the-Road Vehicles

Two-Wheelers

  • Malaysia Tire Market, By Radial vs. Bias:

Radial

Bias

  • Malaysia Tire Market, By OEM vs. Replacement:

OEM

Replacement

  • Malaysia Tire Market, By Rim Size:
  • Malaysia Tire Market, By Price Segment:

Ultra-Budget

Budget

Premium

  • Malaysia Tire Market, By Region:

East Malaysia

West Malaysia

  • Malaysia Tire Market, By Tire Size:

Company Profiles: Detailed analysis of the major companies present in the Malaysia tire market.

Available Customizations:

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:

Company Information:

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis:

  • Profit margin analysis in case of direct and indirect sales channel.
Table of Contents
Product Code: 2614

Table of Contents

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Factors Influencing Purchase Decision
  • 4.2. Brand Recall
  • 4.3. Brand Switching
  • 4.4. Brand Satisfaction Level

5. Malaysia Tire Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value (USD Billion) & Volume (Million Unit)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles and OTR vehicles)
    • 5.2.2. By Demand Category (OEM vs. Replacement)
    • 5.2.3. By Radial vs. Bias
    • 5.2.4. By Company (2020)
    • 5.2.5. By Region (East Malaysia and West Malaysia)
  • 5.3. Product Market Map (By Vehicle Type)

6. Malaysia Passenger Car Tire Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value & Volume
  • 6.2. Market Share & Forecast
    • 6.2.1. By Vehicle Type (Sedan & Hatchback, SUV, MPV and Window Van)
    • 6.2.2. By Demand Category
    • 6.2.3. By Radial vs. Bias
    • 6.2.4. By Tire Size
    • 6.2.5. By Rim Size
    • 6.2.6. By Price Segment (Ultra Budget, Budget, Premium)
  • 6.3. Product Market Map (By Vehicle Type)

7. Malaysia Two-Wheeler Tire Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value & Volume
  • 7.2. Market Share & Forecast
    • 7.2.1. By Vehicle Type (Motorcycle & Scooters/Mopeds)
    • 7.2.2. By Demand Category
    • 7.2.3. By Radial vs. Bias
    • 7.2.4. By Tire Size
    • 7.2.5. By Rim Size
    • 7.2.6. By Price Segment (Ultra Budget, Budget, Premium)
  • 7.3. Product Market Map (By Vehicle Type)

8. Malaysia Light Commercial Vehicle (LCV) Tire Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value & Volume
  • 8.2. Market Share & Forecast
    • 8.2.1. By Vehicle Type (Pickup Truck & Panel Van)
    • 8.2.2. By Demand Category
    • 8.2.3. By Radial vs. Bias
    • 8.2.4. By Tire Size
    • 8.2.5. By Rim Size
    • 8.2.6. By Price Segment (Ultra Budget, Budget, Premium)
  • 8.3. Product Market Map (By Vehicle Type)

9. Malaysia Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value & Volume
  • 9.2. Market Share & Forecast
    • 9.2.1. By Vehicle Type (Truck, Bus & Heavy Truck)
    • 9.2.2. By End Use (Logistics, Construction and Public Transport)
    • 9.2.3. By Demand Category
    • 9.2.4. By Radial vs. Bias
    • 9.2.5. By Tire Size
    • 9.2.6. By Rim Size
    • 9.2.7. By Price Segment (Ultra Budget, Budget, Premium)
  • 9.3. Product Market Map (By Vehicle Type)

10. Malaysia OTR Vehicles Tire Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value & Volume
  • 10.2. Market Share & Forecast
    • 10.2.1. By Vehicle Type (Mining, Construction and Industrial, Agricultural and Others)
    • 10.2.2. By Demand Category
    • 10.2.3. By Radial vs. Bias
    • 10.2.4. By Tire Size
    • 10.2.5. By Rim Size
    • 10.2.6. By Price Segment (Ultra Budget, Budget, Premium)
  • 10.3. Product Market Map (By Vehicle Type)

11. Import-Export Analysis

12. Market Dynamics

  • 12.1. Drivers
  • 12.2. Challenges

13. Market Trends & Developments

14. Policy and Regulatory Landscape

15. Malaysia Economic Profile

16. Impact of COVID-19 on Malaysia Tire Market

17. Competitive Landscape

  • 17.1. Goodyear Malaysia Berhad
  • 17.2. Michelin Malaysia Sdn. Bhd
  • 17.3. Continental Tyre Malaysia Sdn Bhd
  • 17.4. Bridgestone Tyre Sales (Malaysia) Sdn. Bhd
  • 17.5. Hankook Tire Malaysia Sdn. Bhd.
  • 17.6. Toyo Tyre Malaysia Sdn. Bhd
  • 17.7. Maxxis Tires Malaysia
  • 17.8. Giti Tire Pte. Ltd
  • 17.9. Sumitomo Rubber Industries, Ltd.
  • 17.10. The Yokohama Rubber Co., Ltd.

18. Strategic Recommendations

19. About Us & Disclaimer

List of Figures

  • Figure 1: Malaysia Tire Market - Factors Influencing Purchase Decision (N=100)
  • Figure 2: Malaysia Tire Market - Aided Brand Recall (N=100)
  • Figure 3: Malaysia Tire Market - Unaided Brand Recall (N=100)
  • Figure 4: Malaysia Tire Market - Brand Switching (N=100)
  • Figure 5: Malaysia Tire Market - Brand Switching Attributes (N=100)
  • Figure 6: Malaysia Tire Market Brand Satisfaction Level (N=100)
  • Figure 7: Malaysia Tire Market - Brand Satisfaction Level, By Stability on Road (N=100)
  • Figure 8: Malaysia Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=100)
  • Figure 9: Malaysia Tire Market - Brand Satisfaction Level, By Performance (N=100)
  • Figure 10: Malaysia Tire Market - Brand Satisfaction Level, By Pricing (N=100)
  • Figure 11: Malaysia Tire Market - Brand Satisfaction Level, By Lifetime (N=100)
  • Figure 12: Malaysia Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F
  • Figure 13: Malaysia Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
  • Figure 14: Malaysia Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F
  • Figure 15: Malaysia Tire Market Share, By Radial vs. Bias, By Volume, 2016-2025F
  • Figure 16: Malaysia Tire Market, By Company, By Volume (2020)
  • Figure 17: Malaysia Tire Market Share, By Region, By Volume, 2020 & 2026F
  • Figure 18: Malaysia Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)
  • Figure 19: Malaysia Passenger Car Tire Market Size, By Value (USD Million), By Volume (Million Unit) 2016-2026F
  • Figure 20: Malaysia Passenger Car Production, By Volume (in Units) 2015-2020
  • Figure 21: Malaysia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
  • Figure 22: Malaysia Passenger Car Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F
  • Figure 23: Malaysia Passenger Car Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F
  • Figure 24: Malaysia Passenger Car Tire Market, Prominent Tire Sizes
  • Figure 25: Malaysia Passenger Car Tire Market, By Rim Size (2020)
  • Figure 26: Malaysia Passenger Car Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)
  • Figure 27: Malaysia Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Million Unit) 2016-2026F
  • Figure 28: Malaysia Two-Wheeler Production, By Volume (in Units) 2015-2020
  • Figure 29: Malaysia Two-wheeler Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
  • Figure 30: Malaysia Two-Wheeler Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F
  • Figure 31: Malaysia Two-Wheeler Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F
  • Figure 32: Malaysia Two-wheeler Tire Market, Prominent Tire Sizes
  • Figure 33: Malaysia Two-Wheeler Tire Market, By Rim Size (2020)
  • Figure 34: Malaysia Two-Wheeler Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)
  • Figure 35: Malaysia LCV Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F
  • Figure 36: Malaysia Commercial Vehicle Production, By Volume (in Units) 2015-2020
  • Figure 37: Malaysia LCV Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
  • Figure 38: Malaysia Light Truck Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F
  • Figure 39: Malaysia Light Truck Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F
  • Figure 40: Malaysia LCV Tire Market, Prominent Tire Sizes
  • Figure 41: Malaysia LCV Tire Market, By Rim Size (2020)
  • Figure 42: Malaysia LCV Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)
  • Figure 43: Malaysia MHCV Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F
  • Figure 44: Malaysia Commercial Vehicle Sales, By Volume (in Units) 2015-2020
  • Figure 45: Malaysia MHCV Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
  • Figure 46: Malaysia MHCV Tire Market Share, By End User, By Volume, 2016-2026F
  • Figure 47: Malaysia MHCV Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F
  • Figure 48: Malaysia MHCV Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F
  • Figure 49: Malaysia M&HCV Tire Market, Prominent Tire Sizes
  • Figure 50: Malaysia Truck Tire Market, By Rim Size (2020)
  • Figure 51: Malaysia Bus Tire Market, By Rim Size (2020)
  • Figure 52: Malaysia MHCV Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)
  • Figure 53: Malaysia OTR vehicles Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F
  • Figure 54: Malaysia GDP Per Capita (Current USD), 2015-2019
  • Figure 55: Malaysia OTR vehicles Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
  • Figure 56: Malaysia OTR vehicles Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F
  • Figure 57: Malaysia OTR vehicles Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F
  • Figure 58: Malaysia OTR vehicles Tire Market, Prominent Tire Sizes
  • Figure 59: Malaysia OTR vehicles Tire Market, By Rim Size (2020)
  • Figure 60: Malaysia OTR vehicles Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)
  • Figure 61: Malaysia Commercial Vehicle Tire Imports, By Value, 2016-2019 (USD Million)
  • Figure 62: Malaysia Passenger Car Tire Imports, By Value, 2016-2019 (USD Million)
  • Figure 63: Malaysia Two-Wheeler Tire Imports, By Value, 2016-2019 (USD Million)
  • Figure 64: Malaysia Commercial Vehicle Tire Exports, By Value, 2016-2019 (USD Million)
  • Figure 65: Malaysia Passenger Car Tire Exports, By Value, 2016-2019 (USD Million)
  • Figure 66: Malaysia Two-Wheeler Tire Exports, By Value, 2016-2019 (USD Million)

List of Tables

  • Table 1: Malaysia Major Tire Production Plant, By Company and Plant Location 2019
  • Table 2: Malaysia Passenger Car Tire Market, By Price Segment, By Volume, 2020
  • Table 3: Malaysia Two-Wheeler Tire Market, By Price Segment, By Volume, 2020
  • Table 4: Malaysia LCV Tire Market, By Price Segment, By Volume, 2020
  • Table 5: Malaysia M&HCV Tire Market, By Price Segment, By Volume, 2020
  • Table 6: Malaysia OTR vehicles Tire Market, By Price Segment, By Volume, 2020
  • Table 7: Description of Used Tires, By Tariff Codes, 2020
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