Press Release Description

Tourism and Ride Hailing Services is Catalyzing the Growth of South East Asia Two wheeler Tire Market

The major growth factor for the South East Asia two-wheeler tire Market is the burgeoning adoption of cutting-edge manufacturing technology by OEMs that offer product differentiation through sustainability, durability, and affordability. Also, the rising middle-income group population and rising tourism activities in South East Asia are emanating the growth of two-wheeler vehicles thereby, contributing to the growth of two-wheeler tires.

According to MarkNtel Advisorsresearch reportSouth East Asia Two-Wheeler Tire Market Analysis, 2020”, the South East Asia Tire market is expected to grow at a considerable CAGR during 2021-26. The market players are advancing heavily in the development of flat run tires, anti-skid, eco tires, and tires with improved grip to enhance the safety and the driving experience of the rider which is promulgating the market growth.

Scooter/Moped Segment is Witnessing a Major Growth

The inclination of the consumers is growing towards scooters/mopeds in South East Asian countries such as Indonesia, Vietnam, Cambodia, Malaysia, etc that supports the overall demand for scooter/moped tires in the region, and this trend is anticipated to continue during the forecast period. The motorbike segment is witnessing a huge demand majorly due to the growing ride-hailing services and food delivery businesses contributing to the growth for motorcycle tires as compared to scooters/mopeds.

Dealers/ Distributors Segment Dominated the Market

Major companies operating in the South East Asian two-wheeler tire industry are expanding their dealer/distributor network as well as expanding their product portfolio with high-performance tires to meet the demands of different driving conditions of the consumers. To improve their radial tire technology for two-wheelers the manufacturers of tires are focusing to tap the market for the growing trend of radialization in two-wheeler tires. The segment would continue to spur throughout 2026 as revealed by the MarkNtel Advisors’ research report “South East Asia Two-Wheeler Tire Market Analysis, 2020”. 

“South East Asia Two-Wheeler Tire Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for South East Asia Tire providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

According to MarkNtel Advisors’, the key players with a considerable market share in the South East Asia Tire market include MRF, Bridgestone, Goodyear, CEAT, Apollo, TVS, Shrichakra, JK Tire, Ralco, Maxis, Others.

Market Segmentation:

  1. By Vehicle Type (Scooter and Moped, Motorbike)
  2. By Installation (OEM, Replacement)
  3. By Type of Tire (Bias, Radial)
  4. By Rim Size (10” to 16”, Above 15”, Above 16”)
  5. By Price Category (Low, Medium, High)
  6. By Sales Channel (Online, Multi Brand Stores, Exclusive Outlets)
  7. By Country (Malaysia, Indonesia, Singapore, Cambodia, Vietnam, Thailand, Philippines, Others)
  8. By Company (MRF, Bridgestone, Goodyear, CEAT, Apollo, TVS, Shrichakra, JK Tire, Ralco, Maxis, Others.)

Key questions answered in the study:

  1. What are the current and future trends of the Tire industry?
  2. How the industry has been evolving in terms of sales demand and application areas?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Tire industry?
  5. What is the customers’ orientation, purchase behavior, and expectations from the Tire firms across various regions?