By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler), By Demand Category (OEM and Replacement), By Type... ... placement), By Type of Tires (Radial and Bias), By Sales Channel (Dealer/Exclusive Outlets, Online and Others), By Season (all season, winter and Summer), By Price Category (Budget, Economy, Premium), By Rim Diameter (Upto 12”, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Region (East, South, North, Central, Sabah and Sarawak), By Company Read more
- Tire
- Mar 2022
- 132
- PDF, Excel, PPT
Market Definition
Since tires are the most prominent components of a vehicle, several tire manufacturers in Malaysia are actively participating in increasing the production capabilities for proper grip & traction, safe driving, & better vehicle control, among others. With a rapid escalation in ownership of passenger, commercial, & heavy-duty vehicles, along with three-wheelers, two-wheelers, etc., across the country, the demand for tires is expected to rise and project profitability for the manufacturers in the coming years.
Market Insights
The Malaysia Tire Market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven by massive investments by the Malaysian government in infrastructure development projects, such as roads, bridges, & tunnels, i.e., resulting in an increasing number of construction activities, propelling the need for heavy-duty vehicles, and directly influencing the demand for tires.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR(2022-27) | 4.5% |
| Key Companies Profiled | Michelin, Bridgestone, Continental, Pirelli, Goodyear, Hankook, Toyo, Sumitomo, Giti, Friendship Rubber Industry |
| Unit Denominations | USD Million/Billion |
Additionally, with growing connectivity in the country, vehicle sales are also rising rapidly. It is instigating tire manufacturers in Malaysia to increase their production capabilities & meet the burgeoning tire requirement, which would boost the market in the coming years.
Besides, the rapidly improving economic conditions of the people and the mounting inclination toward vehicle ownership is another prominent aspect fueling the demand for tires in Malaysia. Moreover, with the rapidly expanding transportation & logistics sector, the need for light & heavy commercial vehicles is rising swiftly, which is another crucial aspect projected to positively influence the tire market in Malaysia over the forecast years.
Key Trend in the Malaysia Tire Market
- Mounting Adoption of Next-Generation High-Performance Tires
With the advent of new technologies, automakers & tire manufacturers are integrating advancements in tires to enhance the driving experience and bring benefits like fuel efficiency & cost-effectiveness for vehicle owners. It is where the next-generation high-performance tires come into the picture. These tires are gaining immense popularity among automakers & replacement tire providers, owing to their capabilities like greater fuel efficiency, lower road noise, & rigid sidewalls for better traction at higher speeds.
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- As a result, several prominent market players are actively participating in developing these tires & promoting the overall market growth. Since these tires are majorly for luxury passenger vehicles, premium sports cars, and crossover utility vehicles, their development is increasing rapidly across Malaysia. Nonetheless, with such popularity of these tires, manufacturers are also looking forward to offering tires with all-season driving capabilities with less tear & greater comfort in the coming years
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Executive Summary
3. Experts Verbatim-What our experts say?
4. Malaysia Tire Market Analysis, 2017-2027F
4.1. Market Size & Analysis
4.1.1. Market Revenue
4.1.2. Units Sold
4.2. Market Share & Analysis
4.2.1. By Type of Vehicles
4.2.1.1. Passenger Car
4.2.1.2. Light Commercial Vehicle
4.2.1.3. Buses and Trucks
4.2.1.4. Medium and Heavy Commercial Vehicles
4.2.1.5. Off the Road (OTR)
4.2.1.6. Two Wheelers
4.2.1.7. Three Wheeler
4.2.2. By Demand Category
4.2.2.1. OEM
4.2.2.2. Replacement
4.2.3. By Type of Tire
4.2.3.1. Radial
4.2.3.2. Bias
4.2.4. By Sales Channel
4.2.4.1. Dealer/Exclusive Outlets
4.2.4.2. Online
4.2.4.3. Direct Sales
4.2.5. By Season
4.2.5.1. All-season
4.2.5.2. Summer
4.2.6. By Price Category
4.2.6.1. Budget
4.2.6.2. Economy
4.2.6.3. Premium
4.2.7. By Rim Diameter
4.2.7.1. Upto 12”
4.2.7.2. 12.1” to 15”
4.2.7.3. 15.1.” to 18”
4.2.7.4. 18.1” to 20”
4.2.7.5. 20.1” to 22.5”
4.2.7.6. 22.6” to 26”
4.2.7.7. 26.1” to 35”
4.2.7.8. 35.1” to 47”
4.2.7.9. Above 47”
4.2.8. By Region
4.2.8.1. East
4.2.8.2. Central
4.2.8.3. North
4.2.8.4. South
4.2.8.5. Sabah
4.2.8.6. Sarawak
4.2.9. By Company
4.2.9.1. Revenue Shares
4.2.9.2. Strategic Factorial Indexing
4.2.9.3. Competitor Placement in MarkNtel Quadrant
5. Malaysia Passenger Car Tire Market Analysis, 2017-2027F
5.1. Market Size & Analysis
5.1.1. Market Revenue
5.2. Market Share & Analysis
5.2.1. By Type of Vehicle
5.2.1.1. Sedan
5.2.1.2. SUV
5.2.1.3. Hatchbacks
5.2.1.4. Others
5.2.2. By Demand Category
5.2.3. By Type of Tire
5.2.4. By Sales Channel
5.2.5. By Season
5.2.6. By Price Category
5.2.7. By Rim Diameter
5.2.8. By Region
5.2.9. By Company
6. Malaysia Light Commercial Vehicle Tire Market, 2017-2027F
6.1. Market Size & Analysis
6.1.1. Market Revenue
6.2. Market Share & Analysis
6.2.1. By Type of Vehicle
6.2.1.1. Light Trucks
6.2.1.2. Light Buses
6.2.1.3. Pick-up Trucks and Vans
6.2.2. By Demand Category
6.2.3. By Type of Tire
6.2.4. By Sales Channel
6.2.5. By Season
6.2.6. By Price Category
6.2.7. By Rim Diameter
6.2.8. By Region
6.2.9. By Company
7. Malaysia Medium Heavy Commercial Vehicle Tire Market, 2017-2027F
7.1. Market Size & Analysis
7.1.1. Market Revenue
7.2. Market Share & Analysis
7.2.1. By Type of Vehicle
7.2.1.1. Trucks
7.2.1.2. Buses
7.2.2. By Demand Category
7.2.3. By Type of Tire
7.2.4. By Sales Channel
7.2.5. By Season
7.2.6. By Price Category
7.2.7. By Rim Diameter
7.2.8. By Region
7.2.9. By Company
8. Malaysia Two-Wheeler Tire Market, 2017-2027F
8.1. Market Size & Analysis
8.1.1. Market Revenue
8.2. Market Share & Analysis
8.2.1. By Type of Vehicle
8.2.1.1. Scooters
8.2.1.2. Mopeds
8.2.1.3. Motorcycles
8.2.2. By Demand Category
8.2.3. By Type of Tire
8.2.4. By Sales Channel
8.2.5. By Season
8.2.6. By Price Category
8.2.7. By Rim Diameter
8.2.8. By Region
8.2.9. By Company
9. Malaysia OTR Vehicle Tire Market, 2017-2027F
9.1. Market Size & Analysis
9.1.1. Market Revenue
9.2. Market Share & Analysis
9.2.1. By Type of Vehicle
9.2.1.1. Earthmoving Equipment
9.2.1.2. Construction and Agricultural Vehicles
9.2.1.3. Material Handling Vehicles
9.2.2. By Demand Category
9.2.3. By Type of Tire
9.2.4. By Sales Channel
9.2.5. By Season
9.2.6. By Price Category
9.2.7. By Rim Diameter
9.2.8. By Region
9.2.9. By Company
10. Malaysia Tire Market Policies, Regulations, Product and Services Standards
11. Malaysia Tire Market Trends & Insights
12. Malaysia Tire Market Dynamics
12.1. Growth Drivers
12.2. Challenges
12.3. Impact Analysis
13. Malaysia Tire Market Hotspot & Opportunities
14. Malaysia Tire Market Key Strategic Imperatives for Success & Growth
15. Malaysia Competition Outlook
15.1. Competition Matrix
15.1.1. Product and Services Portfolio
15.1.2. Brand Specialization
15.1.3. Target Markets
15.1.4. Target End Users
15.1.5. Research & Development
15.1.6. Strategic Alliances
15.1.7. Strategic Initiatives
15.2. Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
15.2.1. Michelin
15.2.2. Bridgestone
15.2.3. Continental
15.2.4. Pirelli
15.2.5. Goodyear
15.2.6. Hankook
15.2.7. Toyo
15.2.8. Sumitomo
15.2.9. Giti
15.2.10. Friendship Rubber Industry
16. 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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