Southeast Asia Two-Wheeler Tire Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
Southeast Asia Two-Wheeler Tire Market
Overview: 2023-28
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-28
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. The surging penetration of two-wheelers is primarily driving the
market for two-wheeler tires. Rapid urbanization & population growth in
Southeast Asian countries have accelerated the demand for efficient mobility
solutions in the region. As two-wheelers provide a convenient mode of
transportation for navigating through crowded streets & reaching
destinations quickly, their use & demand have increased substantially.
Markntel Advisor’s
Southeast Asia Two-Wheeler Tire Market
Insights report provides the current and forecast market analysis, individual
leading companies' market shares, challenges, Southeast Asia Two-Wheeler Tire
Market drivers, barriers, Southeast Asia Two-Wheeler Tire Market Trends, and
Key Players in Southeast Asia Two-Wheeler Tire Market.
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Southeast Asia Two-Wheeler Tire Market
Dynamics: 2023-28
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.
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Southeast Asia Two-Wheeler Tire Market (2023-28):
Segmentation Outlook
The market report
has segmented the market into the following categories:
·
By Vehicle Type
o Scooter and Moped
§ Upto 100CC, Market Size & Forecast 2018-2028F,
Unit Sold (Thousand)
§ 101 cc to 125 cc, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
§ 126 cc to 150 cc, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
§ Above 150 cc, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
o Motorcycle
§ Upto 100CC, Market Size & Forecast 2018-2028F,
Unit Sold (Thousand)
§ 101 cc to 125 cc, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
§ 126 cc to 150 cc, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
§ Above 150 cc, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
According to
report, Of both, scooters & mopeds held a substantial share in the
Southeast Asia Two-Wheeler Tire Market, with Indonesia, Thailand, Vietnam, and
the Philippines among the key countries driving higher sales of two-wheelers
across the region.
·
By Rim Size
o 10” to 14”, Market Size & Forecast 2018-2028F,
Unit Sold (Thousand)
o 14.1” to 16”, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
o Above 16.1”, Market Size & Forecast 2018-2028F,
Unit Sold (Thousand)
·
By Tire Type
o Radial, Market Size & Forecast 2018-2028F, Unit
Sold (Thousand)
o Bias, Market Size & Forecast 2018-2028F, Unit
Sold (Thousand)
According to
report, Here, bias tires held a more prominent market in the previous few
years, owing mainly to their higher load-bearing capacity & affordability
than radial tires.
·
By Price Category
o Budget, Market Size & Forecast 2018-2028F, Unit
Sold (Thousand)
o Economy, Market Size & Forecast 2018-2028F,
Unit Sold (Thousand)
o Premium, Market Size & Forecast 2018-2028F,
Unit Sold (Thousand)
·
By Sales Channel
o Online, Market Size & Forecast 2018-2028F, Unit
Sold (Thousand)
o Direct Sales, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
o Multi Brand Stores, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
o Exclusive Outlets, Market Size & Forecast
2018-2028F, Unit Sold (Thousand)
·
By Demand Type
o OEM, Market Size & Forecast 2018-2028F, Unit
Sold (Thousand)
o Replacement, Market Size & Forecast 2018-2028F,
Unit Sold (Thousand)
·
By Country
o Malaysia
o Indonesia
o Singapore
o Cambodia
o Vietnam
o Thailand
o Philippines
o Others
Note - If there are any particular details
you need that are not currently included in the report, we will be happy to
provide them as part of our customization
services.
Top Companies Operating in the Southeast
Asia Two-Wheeler Tire Market:
- ABB Ltd.
- IBM
- Honeywell Elster
- Siemens
- Schneider Electric
- Suez
- Arada Group
- Aquamatrix
- Kasha
- Badger Meter
- Sensus
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