Southeast Asia Two-Wheeler Tire Market Size, Share, Trends, Analysis Future and forecast 2023-28
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Let’s Run Through the Southeast Asia Two-Wheeler Tire Market Insights to Have a Clear View
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.
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Examining the Top Competitors of the Southeast Asia Two-Wheeler Tire Market Size:
In this section, we will explore the Southeast Asia Two-Wheeler Tire Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.
- 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
A Comprehensive Overview of Geographical Diversity:
the Southeast Asia Two-Wheeler Tire Market expands across:
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Others
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Market Driver: 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.
Southeast Asia Two-Wheeler Tire Market Segmentation Outline:
- By Vehicle Type (Scooters & Mopeds [Up to 100cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc], Motorcycles [Up to 100cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc])
- By Tire Type (Radial, Bias)
- By Demand Type (OEM, Replacement)
- By Rim Size (10” to 14”, 14.1” to 16”, Above 16.1”)
- By Price Category (Budget, Economy, Premium)
- By Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets)
Key Questions Addressed in the Southeast Asia Two-Wheeler Tire Market Research Report:
- What is the estimated size, share, & CAGR of the Southeast Asia Two-Wheeler Tire Market in the forecast period?
- What are the key trends projected to impact the Southeast Asia Two-Wheeler Tire Market during 2023-28?
- What are the different segments & sub-segments considered in the Southeast Asia Two-Wheeler Tire Market research study?
- Who are the key stakeholders and players participating in the Southeast Asia Two-Wheeler Tire Market?
- What would be the demand for different types of products/services in the Southeast Asia Two-Wheeler Tire Market through 2028?
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