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The South East Asian 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. Speak directly to the analyst to clarify any post sales queries you may have.
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Gajah Tunggal, Suryaraya Rubberindo, Bridgestone, Michelin, Sumirubber, etc., are among some of the leading brands operating in the South East Asian 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 Asian 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:
- To analyze the historical growth in the market size of the South East Asian Tire Market from 2016 to 2020.
- To estimate and forecast the market size of the South East Asian Tire Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the South East Asian Tire Market based on vehicle type, demand category, radial vs bias, rim size, tire type, country, and company.
- To identify dominant country or segment in the South East Asian Tire Market.
- To identify drivers and challenges for the South East Asian Tire Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the South East Asian Tire Market.
- To conduct pricing analysis for the South East Asian Tire Market.
- To identify and analyze the profiles of leading brands operating in the South East Asian Tire Market.
- To identify key sustainable strategies adopted by market players in the South East Asian Tire Market.
The publisher performed primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of passenger car dealers and distributors in the South East Asian region. Subsequently, the publisher conducted primary research surveys with identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher was able to include vendors and service providers that could not be identified due to the limitations of secondary research. The publisher analyzed product offerings, application, distribution channel and regional presence of all the automotive tire manufacturers, distributors and dealers across the country.
The publisher calculated the market size of the South East Asian Tire Market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The publisher 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.
Key Target Audience:
- Global tire manufacturers operating in the region
- Dealers and distributors of automotive tires
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to automotive tires
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 the market opportunities.
Report Scope:
In this report, the South East Asian Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
South East Asia Tire Market, By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
- Two-Wheeler
- Three-Wheeler
- Off-the-road
South East Asia Tire Market, By Demand Category:
- OEM
- Replacement
South East Asia Tire Market, By Radial Vs Bias:
- Radial
- Bias
South East Asia Tire Market, By Rim Size:
- Up To 14 inches
- 15 inches
- 16 inches
- 17 inches
- 18 inches
- 19 inches & above
South East Asia Tire Market, By Tire Type:
- Non-Run Flat Tires
- Run Flat Tires
South East Asia Tire Market, By Country:
- Indonesia
- Vietnam
- Thailand
- Malaysia
- Philippines
- Singapore
- Cambodia
- Company Profiles: Detailed analysis of the major companies present in the South East Asian Tire Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology3. Impact of COVID-19 on South East Asia Tire Market4. Executive Summary7. Market Trends & Developments9. Strategic Recommendations10. About the Publisher & Disclaimer
5. South East Asia Tire Market Outlook
6. Market Dynamics
8. Competitive Landscape (Brand Names)
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Gajah Tunggal Tbk PT
- Suryaraya Rubberindo Industries PT
- Bridgestone Corporation
- Michelin
- Sumirubber Malaysia Sdn Bhd
- PT Industri Karet Deli
- Saovang Rubber JSC
- Danang Rubber JSC
- Casumina (The Southern Rubber Industry Joint Stock Company)
- Maxxis International
Table Information
| Report Attribute | Details |
|---|---|
| Published | June 2021 |
| Forecast Period | 2016 - 2026 |
| Estimated Market Value ( USD | $ 8.87 Billion |
| Forecasted Market Value ( USD | $ 14.26 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Asia Pacific |
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