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Southeast Asia Two-Wheeler Tire Market Research Report: Forecast (2023-2028)

By Vehicle Type (Scooters & Mopeds [Up to 100cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc], Motorcycles [Up to 100cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc]), By...... Tire Type (Radial, Bias), By Demand Type (OEM, Replacement), By Rim Size (10” to 14”, 14.1” to 16”, Above 16.1”), By Price Category (Budget, Economy, Premium), By Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets), By Country (Malaysia, Indonesia, Singapore, Cambodia, Vietnam, Thailand, Philippines, Other), By Company (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) Read more

Tire
Jul 2023
Pages 123
Report Format: PDF, Excel, PPT

Market Definition

The Southeast Asia Two-Wheeler Tire Market consists of two major categories, including scooters & mopeds and motorcycle tires, and focuses on the different types of tires like radial & bias. With the emergence of two-wheelers as a daily commuting medium in Southeast Asia, the demand for tires for both OEM & aftermarket segments has rapidly increased.

Market Insights & Projections: Southeast Asia Two-Wheeler Tire Market (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.

Although, in 2020, the sales of two-wheeler (2W) tires from OEMs plummeted across the region due to a decline in the purchase of new vehicles. For instance, according to the International Council on Clean Transportation (ICCT), in 2020, Indonesia witnessed a decline in two-wheeler sales by about 43.7%, whereas the Philippines' sales declined by around 29.9%, respectively, compared to 2019. However, the inaccessibility to mobility services in the country during 2020 due to a halt in public transportation widely supported the demand for two-wheelers to fulfill the mobility needs of the individual.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	5%
Country Covered	Malaysia, Indonesia, Singapore, Cambodia, Vietnam, Thailand, Philippines, Other
Key Companies Profiled	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 Value (2023)	USD 3.11 Billion

Additionally, with the rising tourism activities in Southeast Asia, specifically Thailand, the Philippines, & Malaysia, the demand for efficient mobility services is growing continuously among both residents & tourists. Thus, to cater to this, mobility & logistics providers such as Gojek & GetGo, among others, are expanding in the region by adding fuel-efficient electric two-wheelers to their fleets. Therefore, the increasing expansion of e-mobility providers & production activities is citing enormous revenue growth opportunities for the Two-Wheeler Tire Market in Southeast Asia during 2023-28.

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.

Southeast Asia Two-Wheeler Tire Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Research Process
2. Assumptions
3. Market Definition
Executive Summary
Southeast Asia Two-Wheeler Tire Market Value Chain Analysis
1. Key Stakeholders in Value Chain
2. Margin at Various Levels
Southeast Asia Two-Wheeler Tire Market Import & Export Statistics, 2018-2022
Southeast Asia Two-Wheeler Tire Market Trends & Development
Southeast Asia Two-Wheeler Tire Market Dynamics
1. Drivers
2. Challenges
Southeast Asia Two-Wheeler Tire Market Regulations, Policies, Regulation
Southeast Asia Two-Wheeler Tire Market Hotspot & Opportunities
Southeast Asia Two-Wheeler Tire Market Analysis, 2018-2028
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type
    1. Scooter and Moped
      1. Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
      2. 101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
      3. 126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
      4. Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    2. Motorcycle
      1. Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
      2. 101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
      3. 126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
      4. Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size
    1. 10” to 14”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    2. 14.1” to 16”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    3. Above 16.1”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type
    1. Radial, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    2. Bias, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category
    1. Budget, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    2. Economy, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    3. Premium, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel
    1. Online, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    2. Direct Sales, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    3. Multi Brand Stores, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    4. Exclusive Outlets, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type
    1. OEM, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
    2. Replacement, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  7. By Country
    1. Malaysia
    2. Indonesia
    3. Singapore
    4. Cambodia
    5. Vietnam
    6. Thailand
    7. Philippines
    8. Others
  8. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
Malaysia Two-Wheeler Tire Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Indonesia Two-Wheeler Tire Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Singapore Two-Wheeler Tire Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Cambodia Two-Wheeler Tire Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Vietnam Two-Wheeler Tire Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Thailand Two-Wheeler Tire Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Philippines Two-Wheeler Tire Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Vehicle Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  2. By Rim Size, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  3. By Tire Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  4. By Price Category, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  5. By Sales Channel, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
  6. By Demand Type, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Southeast Asia Two-Wheeler Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. MRF Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Bridgestone Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Continental Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. CEAT Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Apollo Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. TVS Eurogrip
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Pirelli Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. JK Tyre
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Michelin Tyre
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Maxxis Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. PT. Multistrada Arah Sarana Tbk (Corsa Motorcycle Tire)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Vee Rubber Co. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Deerubber Company Ltd. (Deestone)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. Inoue Rubber Co. Ltd. (IRC Tires)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. PT. Suryaraya Rubberindo Industries (FDR Tires)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. ND Rubber Public Co. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  17. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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