The Southeast Asia Two-Wheeler Tire Market is poised for remarkable growth, projected to reach USD 3.11 billion in 2023 and register an impressive compound annual growth rate (CAGR) of 5% from 2023 to 2028. With a surge in urbanization and the increasing adoption of two-wheelers as a primary mode of transport, this market is witnessing dynamic expansion across several emerging Southeast Asian economies.
Scope of the Southeast Asia Two-Wheeler Tire Market Report
The comprehensive report offers an in-depth analysis of the Southeast Asia Two-Wheeler Tire Market, focusing on key market dynamics, trends, and developments. The study covers a range of segments, including vehicle type (scooters & mopeds and motorcycles), tire type (radial and bias), demand type (OEM and replacement), rim size (10” to 14,” 14.1” to 16,” and above 16.1”), and price category (budget, economy, and premium). The market’s geographical scope includes major countries such as Malaysia, Indonesia, Singapore, Cambodia, Vietnam, Thailand, and the Philippines, providing valuable insights into regional market dynamics and growth drivers.
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Market Segmentation of Southeast Asia Two-Wheeler Tire Market
By Vehicle Type
- Scooters & Mopeds
- Up to 100cc
- 101cc to 125cc
- 126cc to 150cc
- Above 150cc
- Motorcycles
- Up to 100cc
- 101cc to 125cc
- 126cc to 150cc
- Above 150cc
- Of both, 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. Scooters are widely preferred in Southeast Asia due to their ease of use, affordability, and maneuverability in congested urban areas. As a result, their demand remains high in cities & densely populated areas and, in turn, drives the sales of tires in the region.
By Tire Type
- Radial
- Bias
By Demand Type
- OEM (Original Equipment Manufacturer)
- Replacement
By Rim Size
- 10” to 14”
- 14.1” to 16”
- Above 16.1”
By Price Category
- Budget
- Economy
- Premium
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Market Driver for Southeast Asia Two-Wheeler Tire Market
The increasing prevalence of e-commerce and the transition towards e-mobility are significant drivers for the Southeast Asia Two-Wheeler Tire Market. As e-commerce continues to thrive, logistics and delivery services are increasingly relying on two-wheelers for efficient transportation. Companies such as Gojek and Grab are expanding their fleets, intensifying the demand for both traditional and electric scooters and motorcycles. This shift is further accelerated by government initiatives promoting electric vehicle (EV) adoption in response to rising air pollution levels, particularly in urban areas of countries like Vietnam and Indonesia. Consequently, the focus on electric two-wheelers is opening new avenues for tire manufacturers, enhancing the demand for OEM tires as manufacturers establish local production units in response to favorable regulations.
List of Major Market Competitors in Southeast Asia Two-Wheeler Tire Market
The Southeast Asia Two-Wheeler Tire Market hosts a competitive landscape comprising several key players, including:
- MRF Tyres
- Bridgestone Tyres
- Continental Tires
- CEAT Tyres
- Apollo Tyres
- TVS Eurogrip
- Deerubber Company Ltd. (Deestone)
- Pirelli Tires
- JK Tyre
- Michelin
- Maxxis Tyres
- Corsa Motorcycle Tire
Key Questions for Further Exploration in Southeast Asia Two-Wheeler Tire Market
- What technological advancements are expected to influence the design and manufacturing of two-wheeler tires in the coming years?
- How will the rising trend of electric two-wheelers impact the market dynamics of traditional tire categories?
- What role will government policies play in shaping the growth trajectory of the Southeast Asia Two-Wheeler Tire Market?
- How do consumer preferences vary across different segments of the two-wheeler market?
- What strategies are key players adopting to compete effectively in this rapidly evolving market?
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