Market Overview: Southeast Asia Two-Wheeler Tire Market
According to the latest report from MarkNtel Advisors, the Southeast Asia Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2023-2028. This all-encompassing report delves into the Southeast Asia Two-Wheeler Tire industry, furnishing valuable insights for both businesses and investors.
Major Highlights of the Southeast Asia Two-Wheeler Tire Report, 2023-2028
Southeast Asia Two-Wheeler Tire Market Overview: Obtain a thorough comprehension of the Southeast Asia Two-Wheeler Tire market, encompassing its dimensions, growth potentials, and influential trends shaping its trajectory. Given the market’s rapid evolution and dynamic characteristics, it has become a focal point of interest. Markntel Advisors acknowledges the imperative for precise, current information to facilitate well-informed decisions within this dynamic market milieu. Our report stands as an authoritative resource for professionals, investors, and businesses seeking effective navigation of the Southeast Asia Two-Wheeler Tire market.
Southeast Asia Two-Wheeler Tire Market Challenge:
Shortage of Semiconductors Limit the Two-Wheeler Production: The automobile industry has been experiencing a shortage of semiconductors. Restrictions caused due to the Covid-19 lockdown disrupted the supply chain and resulted in a lack of semiconductors across Southeast Asia. As economic activities resumed in 2022, the demand for semiconductors surged exponentially, especially from the automobile sector. However, microchip companies could not meet this heightened demand, which resulted in a shortage of semiconductors and, consequently, a massive decline in two-wheeler production across the region. According to the Federation of Thai Industries, motorcycle production in Thailand fell by nearly 1.26% year-on-year to 1.24 million in the first half of 2022. As a result, the demand for two-wheeler tires by OEMs also declined and hindered the overall market expansion.
Southeast Asia Two-Wheeler Tire Industry Competitive Landscape:
Dive into a comprehensive analysis of leading players in the Southeast Asia Two-Wheeler Tire market, exploring their strategies and market positioning. Conducting a meticulous examination of the competitive milieu is crucial for identifying key entities in the marketplace. This assessment entails a thorough evaluation of various facets, including total revenue, market prospects, presence, manufacturing capabilities, market strategies, financial robustness, production facilities, corporate strengths and weaknesses, and research and development investments, among other critical considerations.
- 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.
Southeast Asia Two-Wheeler Tire Market Segmentation:
Explore the market’s various segments and understand their individual growth trajectories.
-By Vehicle Type
- Scooter and Moped
-By Rim Size
- 10” to 14”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- 1” to 16”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Above 16.1”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
-By Tire Type
- Radial, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Bias, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
-By Price Category
- Budget, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Economy, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Premium, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
-By Sales Channel
- Online, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Direct Sales, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Multi Brand Stores, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Exclusive Outlets, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
-By Demand Type
- OEM, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Replacement, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Projected Southeast Asia Two-Wheeler Tire Market Growth:
Gain access to forecasts outlining the anticipated expansion of the Southeast Asia Two-Wheeler Tire market. Our data-driven approach equips businesses with valuable perspectives, aiding in trend anticipation, resource allocation optimization, and strategic adaptation. This, in turn, enhances competitiveness and cultivates success in the ever-evolving digital landscape.
Southeast Asia Two-Wheeler Tire Market Strategic Insights:
Harness actionable insights derived from our thorough research, empowering you to make well-informed decisions and formulate effective strategies. These insights position you at the forefront, facilitating adaptation to dynamic market shifts and empowering you to pursue your goals with confidence.
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