Future Outlook of Southeast Asia Two-Wheeler Tire Market: Growth Drivers, Demand Trends, 5% CAGR Projection by 2028
MarkNtel Advisors who is leading market research company, has recently published a research report, titled “Southeast Asia Two-Wheeler Tire Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2023-28. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.
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Market Study Period
Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028): 5%
Southeast Asia Two-Wheeler Tire Market Insights:
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. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.
Southeast Asia Two-Wheeler Tire Market Drivers:
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.
Explore the Complete Southeast Asia Two-Wheeler Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/south-east-asia-two-wheeler-tire-market.html
Which segments are covered in the Southeast Asia Two-Wheeler Tire Market Research Report?
- By Vehicle Type
- Scooter and Moped
- Upto 100CC
- 101 cc to 125 cc
- 126 cc to 150 cc
- Above 150 cc
- Motorcycle
- Upto 100CC
- 101 cc to 125 cc
- 126 cc to 150 cc
- Above 150 cc
- By Rim Size
- 10” to 14”
- 1” to 16”
- Above 16.1”
- By Tire Type
- Radial
- Bias
- By Price Category
- Budget
- Economy
- Premium
- By Sales Channel
- Online
- Direct Sales
- Multi Brand Stores
- Exclusive Outlets
- By Demand Type
- OEM
- Replacement
- By Country
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Others
- Scooter and Moped
Top 10 Key Brands/Players in the Southeast Asia Two-Wheeler Tire Market
Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:
- MRF Tyres
- Bridgestone Tyres
- Continental Tires
- CEAT Tyres
- Apollo Tyres
- TVS Eurogrip
- Pirelli Tires
- JK Tyre
- Michelin Tyre
- Maxxis Tyres
- Multistrada Arah Sarana Tbk (Corsa Motorcycle Tire)
- Vee Rubber Co. Ltd.
- Deerubber Company Ltd. (Deestone)
- Inoue Rubber Co. Ltd. (IRC Tires)
- Suryaraya Rubberindo Industries (FDR Tires)
- ND Rubber Public Co. Ltd.
- Others
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/south-east-asia-two-wheeler-tire-market.html
Frequently Asked Questions
- Which companies dominate the Southeast Asia Two-Wheeler Tire Market in terms of market share?
- What is the projected market size of Southeast Asia Two-Wheeler Tire Market in 2028?
- What key factor is anticipated to propel the Southeast Asia Two-Wheeler Tire Market by 2028?
- How big is the Southeast Asia Two-Wheeler Tire Market?
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