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Malaysia Two-wheeler Tire Market Research Report: Forecast (2024-2030)

Malaysia Two-wheeler Tire Market Report - By Vehicle Type (Scooter and Moped, [Internal Combustion Engine (ICE), {Upto 100 cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc}, El......ectric], Motorcycle, [Internal Combustion Engine (ICE), {Upto 100 cc, 101 cc to 125 cc, 126 cc to 150 cc, Above 150 cc}, Electric], By Tire Size (70/90-17, 80/90-17, 110/80-14, 130/70-13, 100/80-17, 140/70-17, 110/70-17, 120/70 R17, Others), By Tire Type (Radial, Bias), By Price Category (Budget (Upto USD10), Economy (USD11-USD30), Premium (Above USD31)), By Tire Pattern (Symmetrical Tire, Asymmetrical Tire, Directional Tire), By Sales Channel (Online, Direct Sales, Multi Brand Stores, Exclusive Outlets), By Demand Type (OEM, Replacement), Read more

Tire
Jan 2024
Pages 114
Report Format: PDF, Excel, PPT

Market Insights & Analysis: Malaysia Two-wheeler Tire Market (2024-30):

The Malaysia Two-wheeler Tire Market is estimated to grow at a CAGR of around 5.46% during the forecast period, i.e., 2024-30. The market has grown considerably over the historical years due to the growing preference of individuals to use motorcycles and scooters for daily commuting purposes. The city lanes in Malaysia are narrow, which leads to high traffic congestion and road blockages. As a result, daily commuters prefer to travel using two-wheelers because it is easy and flexible to maneuver them.

Further, the growing shift towards personal mobility at a competitive cost among the middle-income groups for greater flexibility compared to public transport has led to a surge in the sales of two-wheelers in the country. For instance, according to the Ministry of Transport, Malaysia, in 2022, the sales of motorcycles grew by nearly 36.4% compared to 2021 levels. Thus, the growing use of two-wheelers for daily commuting purposes has resulted in a rise in wear and tear of tires due to the poor road infrastructure in the country, thereby contributing to a higher demand for two-wheeler tires in Malaysia.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	5.46%
Region Covered	West, South, East, Central, East Coast
Key Companies Profiled	Bridgestone Tyre Sales (Malaysia) Sdn Bhd, Continental Tires, Michelin Tires Co., Ltd., Pirelli Tires, Maxxis Tires, Kenda Tires, Inoue Rubber Co., Ltd., Vee Rubber, TVS Eurogrip, Yokohama TWS, Others
Unit Denominations	USD Million/Billion

The increasing usage of two-wheelers for business purposes, which includes last-mile delivery services, is another factor supporting the sales of scooters and motorbike tires in the country. Moreover, some of the prominent players that are actively using two-wheelers for business operations in Malaysia include DHL & Hock Cheong Logistics, etc. Simultaneously, the transition towards e-mobility for personal use is emerging as an opportunity for the unit sales of two-wheeler tires in the country.

The Malaysian government, in 2021, announced its target to achieve carbon neutrality by the year 2050, under which the government is encouraging individuals and end-users to gradually shift to electric two-wheelers by offering them incentives such as tax benefits and waivers. This initiative is creating growth trajectory for the Malaysia Two-wheeler Tire Market in the years ahead.

Market Segmentation
Introduction
1. Research Process
2. Assumptions
3. Market Definition
Executive Summary
Malaysia Two-Wheeler Tire Market Import & Export Statistics, 2019-2023
Malaysia Two-Wheeler Production Outlook
1. Overall Production Statistics, 2019-2023
2. Leading Company’s Manufacturing Capabilities
Malaysia Two-Wheeler Market Outlook, 2023
1. Market Size & Analysis
  1. By Units Sold (Thousand)
2. By Company
  1. Competition Characteristics
  2. Market Share
Malaysia Two-Wheeler Tire Market Pricing Analysis, Channel Vs Consumer
Malaysia Two-Wheeler Tire Market Analysis, 2019-2030
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. Internal Combustion Engine (ICE)
        
        Upto 100 cc
        
        101 cc to 125 cc
        
        126 cc to 150 cc
        
        Above 150 cc
      2. Electric
    2. Motorcycle
      1. Internal Combustion Engine (ICE)
        
        Upto 100 cc
        
        101 cc to 125 cc
        
        126 cc to 150 cc
        
        Above 150 cc
      2. Electric
  2. By Tire Size
    1. 70/90-17
    2. 80/90-17
    3. 110/80-14
    4. 130/70-13
    5. 100/80-17
    6. 140/70-17
    7. 110/70-17
    8. 120/70 R17
    9. Others
  3. By Tire Type
    1. Radial
    2. Bias
  4. By Price Category
    1. Budget (Upto USD10)
    2. Economy (USD11-USD30)
    3. Premium (Above USD31)
  5. By Tire Pattern
    1. Symmetrical Tire
    2. Asymmetrical Tire
    3. Directional Tire
  6. By Sales Channel
    1. Online
    2. Direct Sales
    3. Multi Brand Stores
    4. Exclusive Outlets
  7. By Demand Type
    1. OEM
    2. Replacement
  8. By Region
    1. East
    2. West
    3. South
    4. Central
    5. East Coast
  9. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
Malaysia Scooter & Moped Tire Market Analysis, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Tire Size
  2. By Tire Type
  3. By Price Category
  4. By Tire Pattern
  5. By Sales Channel
  6. By Demand Type
Malaysia Motorcycle Tire Market Analysis, 2019-2030
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand)
2. Market Share & Analysis
  1. By Tire Size
  2. By Tire Type
  3. By Price Category
  4. By Tire Pattern
  5. By Sales Channel
  6. By Demand Type
Competition Outlook
1. Company Profiles
  1. Bridgestone Tyre Sales (Malaysia) Sdn Bhd
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  2. Continental Tyre PJ Malaysia Sdn Bhd
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  3. Michelin Siam Co., Ltd
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  4. Pirelli Tires SpA
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  5. Maxxis Tyres
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  6. Kenda Tires
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  7. Inoue Rubber Co., Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  8. Vee Rubber Co. Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  9. TVS Srichakra Limited
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
  10. Yokohama TWS
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Financial Details
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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