Southeast Asia Two-Wheeler Tire Market Size, Share, Growth Insight – 5% Estimated CAGR Growth By 2028
MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Southeast Asia Two-Wheeler Tire Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Southeast Asia Two-Wheeler Tire Market: 2023-2028
The Southeast Asia Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2023-28.
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What are the primary factors driving the growth of the Southeast Asia Two-Wheeler Tire Market?
Southeast Asia Two-Wheeler Tire 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:
The Southeast Asia Two-Wheeler Tire Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Vehicle Type
-Scooter and Moped
–Upto 100CC
–101 cc to 125 cc
–126 cc to 150 cc
–Above 150 cc
-Motorcycle
–Upto 100CC
–101 cc to 125 cc
–126 cc to 150 cc
–Above 150 cc
- scooters & mopeds held a substantial share in the Southeast Asia Two-Wheeler Tire Market
By Rim Size
-10” to 14”
-14.1” to 16”
-Above 16.1”
By Tire Type
-Radial
-Bias
By Price Category
-Budget
-Economy
-Premium
By Sales Channel
-Online
-Direct Sales
-Multi Brand Stores
-Exclusive Outlets
By Demand Type
-OEM
-Replacement
Geographical Analysis into the Vivid Hair Dye Market:
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Others
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/south-east-asia-two-wheeler-tire-market.html
Competitive Landscape and Southeast Asia Two-Wheeler Tire Market Share Analysis:
The competitive landscape of the Southeast Asia Two-Wheeler Tire Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major 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, Others
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Southeast Asia Two-Wheeler Tire Market growth?
- How is the Southeast Asia Two-Wheeler Tire Market expected to grow over the next five years?
- What are the key insights into the current trends in the Southeast Asia Two-Wheeler Tire Market?
- What is the current size of the Southeast Asia Two-Wheeler Tire Market, and how is it projected to change in the future?
- What is the future outlook for the Southeast Asia Two-Wheeler Tire Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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