Southeast Asia Passenger Car Tire Market Size, Share, & Growth Projections for Key Players

A Quick Overview of Southeast Asia Passenger Car Tire Market

• Base Year: 2023

• Historical Years: 2019-2022

• Forecast Years: 2024-2030

• Market Growth Rate: 4.8% (2024-2030)

The key object of this report on the Southeast Asia Passenger Car Tire Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Southeast Asia Passenger Car Tire Market is predicted to grow at a CAGR of around 4.8% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Driver-

Increasing Demand for Taxis & Rental Passenger Cars - As numerous countries of the region such as Indonesia, Thailand, etc., are witnessing high influx of tourism & business travel, the need for reliable transportation like taxis & other commuting transportation option is also increasing, thus infusing the demand for more passenger cars & eventually their tires as well. Along with this the increasing urbanization is also affecting the demand graph of the Southeast Asia Passenger Car Tire Market.

Also, it is witnessed that in many of the cities, including Ho Chi Minh, Bangkok, Jakarta, and others individuals are facing traffic congestion & limited parking spaces, which is making most of the people to opt for rental services, taxis, etc. Hence, the growing demand for rental cars & passenger cars is infusing the sales & need for more & more passenger cars, therefore driving the Southeast Asia Passenger Car Tire Market.

Southeast Asia Passenger Car Tire Market Report Segmentation:

The report by MarkNtel Advisors on Southeast Asia Passenger Car Tire Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Vehicle Type

• Sedan - Market Size & Forecast, 2019-2030 (Thousands)

• SUV- Market Size & Forecast, 2019-2030 (Thousands)

• Hatchback- Market Size & Forecast, 2019-2030 (Thousands)

By Type of Tire

• Radial- Market Size & Forecast, 2019-2030 (Thousands)

• Bias- Market Size & Forecast, 2019-2030 (Thousands)

By Demand Type

• OEMs- Market Size & Forecast, 2019-2030 (Thousands)

• Aftermarket- Market Size & Forecast, 2019-2030 (Thousands)

By Price Category

• Budget- Market Size & Forecast, 2019-2030 (Thousands)

• Premium- Market Size & Forecast, 2019-2030 (Thousands)

• Economy- Market Size & Forecast, 2019-2030 (Thousands)

By Tire Size

• Tire Size 1- Market Size & Forecast, 2019-2030 (Thousands)

• Tire Size 2- Market Size & Forecast, 2019-2030 (Thousands)

• Tire Size 3- Market Size & Forecast, 2019-2030 (Thousands)

• Tire Size 4- Market Size & Forecast, 2019-2030 (Thousands)

• Tire Size 5- Market Size & Forecast, 2019-2030 (Thousands)

By Sales Channel

• Direct Sales- Market Size & Forecast, 2019-2030 (Thousands)

• Online- Market Size & Forecast, 2019-2030 (Thousands)

• Multi Brand- Market Size & Forecast, 2019-2030 (Thousands)

• Exclusive Outlets- Market Size & Forecast, 2019-2030 (Thousands)

- Sales through multi-brand stores and exclusive outlets have been steadily increasing, as people prefer to buy tires from these stores since they offer a diverse selection of options from brands such as Goodyear, Bridgestone, and others at a single point of sale. Therefore, multi-brand stores' ability to provide a greater selection and price comparison between different tire manufacturers and variants would continue to enhance tire sales.

By Country

• Malaysia

• Indonesia

• Singapore

• Cambodia

• Vietnam

• Thailand

• Philippines

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Some of the Top Southeast Asia Passenger Car Tire Companies in the Market

In the fast-changing Southeast Asia Passenger Car Tire Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• Pirelli Tyre S.p.A.

• Goodyear Southeast Asia Pvt Ltd

• Bridgestone Tire Co., Ltd.

• Continental AG

• MRF Tires

• The Yokohama Rubber Co., Ltd.

• Triangle Group

• Michelin Tyres

• Apollo Tires Ltd.

• Stamford Tyres Thailand

• Others

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