Malaysia Tires Market Top Key Players - Continental Tyres, Bridgestone Tyres, Goodyear Tyres, Camapigene Michelin Tyres, Pirelli Tyres, Yokohama Tyres, Cooper Tires, Hankook Tires, Trelleborg AB Tyres, Viking Tyres

Tires can also be found in heavy trucks, buses, aircraft chassis, tractors and other agricultural equipment, industrial vehicles such as forklifts and general vehicles such as baby strollers, shopping carts, wheelchairs, bicycles and motorcycles. The main raw material used in tire production is natural rubber, and synthetic rubber is also used. However, to achieve proper strength, elasticity and durability properties, rubber must be treated with various chemicals and then heated.

MALAYSIA TIRES MARKET DYNAMICS

Tires are the only part of the vehicle that makes contact with the road surface, so they are very important for safety, rolling resistance, rolling noise and other vehicle characteristics. High-quality tires save lives, reduce fuel consumption, reduce emissions (CO2 and air pollution) and reduce noise. This is allowed by EU law as current tire restrictions are much lower than the current level of technology.

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The demand for passenger cars is increasing because they are used for daily travel, and as a result, the country's vehicles are increasing, which is driving the tire market in Malaysia. Increasing per capita spending is also driving vehicle upgrades, and increasing demand for technologically sophisticated replacement tires.

Continued commercial expansion through expanding product range of major global tire companies and increasing consumer contact through increasing number of dealers is expected to enhance the competitiveness of the Malaysian tire market over the next five years.

RECENT MARKET TECHNOLOGICAL TRENDS IN MALAYSIA TIRES MARKET

Automotive tires have become very important in recent years as they increase the demand and ability to work on a variety of terrains and surfaces. Therefore, it is important to have efficient techniques to recycle and incorporate new features to better meet modern requirements. One of the most comprehensive technological innovations of the modern tire era is Runflat tire technology. Runflat technology allows drivers who experience air loss due to a puncture or cut a tire to travel approximately 50 miles at 50 mph. So they can get to a safe place to change the tires.

Smart tires with sensors have recently been added and are being piloted at most tire manufacturing facilities. Upgrades are required to accommodate different customer and sensor technology requirements. At the same time, a large number of eco-friendly production sources were concentrated for tire production.

COMPETITIVE LANDSCAPE

Tire manufacturers face global level competition in the European Union and have significant advantages in terms of domestic regulations and research and development of promising new technologies in European Union countries.

Goodyear Malaysia plays an important role in continuous innovation and development. Most recently, the company launched the Goodyear Assurance Duraplus 2, a performance-oriented tread with an innovative notch design. A new symmetrical tread pattern with larger cavities and smaller grooves increases the volume of the wearable rubber. This ensures a longer tread life. Unique Tread Design Symmetrical tread design increases tire rotation flexibility for increased durability. The sidewalls are made of two layers of high modulus material with low shrinkage, providing better resistance to external influences. The sidewall compound has been further redesigned to improve long-term environmental resistance.

COMPANIES PROFILED

• Continental Tyres
• Bridgestone Tyres
• Goodyear Tyres
• Camapigene Michelin Tyres
• Pirelli Tyres
• Yokohama Tyres
• Cooper Tires
• Hankook Tires
• Trelleborg AB Tyres
• Viking Tyres

Read More Information: https://mobilityforesights.com/product/malaysia-tires-market/

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