MarkNtel Advisors – Leading Market Research Company found South East Asia Tire Market is expected to reach 8% CAGR Growth By 2026.

This report provides a comprehensive analysis of the South East Asia Tire Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the South East Asia Tire Market

Base Year: 2020

Forecast Years: 2021-2026

Historical Years: 2016-2019

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Scope of the South East Asia Tire Market Report:

The South East Asia Tire Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the abundant availability of raw materials like natural rubber across South East Asia, i.e., generating lucrative growth opportunities for the leading tire manufacturers to establish their production facilities across different countries in the region and meet the increasing consumer requirements.

Besides, improving economic conditions, changing living standards, and growing adoption of private vehicles like two-wheeler motorbikes & passenger cars, among others, are other crucial aspects expected to boost the tire market through 2026. 

Moreover, massive government support through various initiatives & favorable policies to strengthen the automotive sector & import-export business and promote the establishment of new facilities across the region shall also play a crucial role in augmenting the overall market growth in the coming years.

Which prominent factor is expected to drive the South East Asia Tire Market during 2021-26?

With the growing need to address the adverse effects of carbon emissions on the environment, the governments of different countries in South East Asia are encouraging the adoption of EVs. It, in turn, is generating growth opportunities for the leading players to develop & distribute tires for EVs and, in turn, drive the Tire Market across South East Asia during 2021-26.

What are the different Segment Available in the South East Asia Tire Market?

By Vehicle Type

• Passenger Cars
  • SUV
  • Sedan
  • Hatchback & Bakkies
• Light Commercial Vehicles (LCV)
  • Light Trucks
  • Light Buses
  • Pickup trucks & Vans
• Medium & High Commercial Vehicles
  • Bus
  • Truck
• Two Wheelers
  • Moped
  • Scooters
  • Motorcycles
• Off the Road (OTR)
  • Earthmoving Equipment
  • Material Handling Equipment
  • Industrial & Mining Equipment

By Demand Type

• OEM
• Replacement

By Type of Tire

• Radial
• Bias

By Season

• All Season
• Summer

By Rim Size

• Upto 12
• 1” to 15”
• 1.” to 18”
• 1” to 20”
• 1” to 22.5”
• 6” to 26”
• 1” to 35”
• 1” to 47”
• Above 47”

By Price Category

• Low
• Medium
• High

By Country

• Malaysia
• Indonesia
• Singapore
• Cambodia
• Vietnam
• Thailand
• Philippines
• Others.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/south-east-asia-tire-market.html

Leading South East Asia Tire companies operating in the Market

• Hankook
• Bridgestone
• Goodyear
• Michelin
• Continental
• Pirelli
• Kumho
• Apollo.

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