Southeast Asia Two-Wheeler Tire Market Size & Forecast 2023

Market Size, Growth & Valuation (2023-30)

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.

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Southeast Asia Two-Wheeler Tire Market Structure – Segmentation & Geography

By Vehicle Type

Scooter and Moped
- Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- 101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- 126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Motorcycle
- Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- 101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- 126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

scooters & mopeds held a substantial share in the Southeast Asia Two-Wheeler Tire Market, with Indonesia, Thailand, Vietnam, and the Philippines among the key countries driving higher sales of two-wheelers across the region.

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)

Here, bias tires held a more prominent market in the previous few years, owing mainly to their higher load-bearing capacity & affordability than radial tires.

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)

By Country

Malaysia
Indonesia
Singapore
Cambodia
Vietnam
Thailand
Philippines
Others.

Of all countries in Southeast Asia, the Indonesia Two-Wheeler Tire Market is witnessing notable growth, owing to the growing adoption of motorcycles & scooters by ride-hailing companies like Gojek, Grab, etc.,

Key Growth Trends (2023-2028)

Increasing Adoption of Motorcycles for Police Patrolling: Over the years, Southeast Asian countries have been dealing with heavy traffic congestion issues due to poor road infrastructure, rising vehicle ownership, etc. For instance, according to the survey by navigation specialists TomTom in 2022, Jakarta was the 29th most congested city out of 390 surveyed cities. Similarly, Bangkok was placed 15th & Kuala Lumpur 22nd in the survey of most congested cities in 2022. Owing to these traffic congestion problems, police authorities previously faced issues & delays in reaching the emergency locations within time. Thus, to quickly respond to emergencies & outreach the desired location, the police authorities are now seeking motorcycles rather than divisional vans & patrol vans. As a result, there is an increasing demand for the motorcycles such as Harley Davidson LiveWire, Ducati, etc., designed specifically for police patrolling, consequently generating the requirement for two-wheeler tires.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Southeast Asia Two-Wheeler Tire industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Southeast Asia Two-Wheeler Tire Companies are:

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.

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Key Questions Answered in This Report:

What is the current market size of Southeast Asia Two-Wheeler Tire, and what growth rate is projected by 2028?
Which key trends are driving Southeast Asia Two-Wheeler Tire market expansion in the next five years?
How does market segmentation impact industry dynamics?
Which geographic regions offer the highest growth potential?
What are the primary challenges hindering Southeast Asia Two-Wheeler Tire industry growth?
How do regulatory policies influence market development?
What are the latest technological advancements impacting the sector?
Who are the leading Southeast Asia Two-Wheeler Tire companies, and what are their market shares?
What strategies are top competitors adopting to maintain dominance?
What are the emerging niche segments with high growth potential?
How do macroeconomic factors affect market performance?
What are the investment opportunities for new entrants?
How does pricing strategy vary across different market segments?
What are the future innovation trends expected in this industry?

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