Press Release

Abundant Availability of Natural Rubber across South East Asia to Boost the Tire Market through 2026

The South East Asia Tire Market is expecting around 8% CAGR during 2021-26, cites MarkNtel Advisors in their recent research report. The rapidly surging vehicle sales owing to the swiftly improving economic conditions & growing inclination of people toward private vehicle ownership is the prime aspect driving the tire market in South East Asia. 

Besides, the rising establishment of tire manufacturing facilities by prominent market players and the introduction of new vehicle models by automakers are other crucial aspects driving the market. Moreover, the abundant availability of natural rubber and the swiftly expanding vehicle fleet are also generating remunerative opportunities for the leading market players to increase their production capacities & meet the burgeoning tire demand across the region, further states the research report, “South East Asia Tire Market Analysis, 2021.”

The South East Asia Tire Market is expecting around 8% CAGR during 2021-26, cites MarkNtel Advisors in their recent research report. The rapidly surging vehicle sales owing to the swiftly improving economic conditions & growing inclination of people toward private vehicle ownership is the prime aspect driving the tire market in South East Asia. 

Besides, the rising establishment of tire manufacturing facilities by prominent market players and the introduction of new vehicle models by automakers are other crucial aspects driving the market. Moreover, the abundant availability of natural rubber and the swiftly expanding vehicle fleet are also generating remunerative opportunities for the leading market players to increase their production capacities & meet the burgeoning tire demand across the region, further states the research report, “South East Asia Tire Market Analysis, 2021.”