South East Asia Two-Wheeler Tire Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of South East Asia Two-Wheeler Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Impact of COVID-19 on Two-Wheeler Tire
On account of the perilous COVID-19 has bolstered the demand for two-wheeler in the countries of South East Asia on account two-wheeler being the safest way to prevent getting infected from the virus and easiest way to commute from one place to another. Hence, this has further stimulated the growth of two-wheeler tire market in the forthcoming period.
According to MarkNtel Advisors’ research report “South East Asia Two-Wheeler Tire Market Analysis, 2021”, the South East Asia Two-Wheeler Tire market is anticipated to grow at a considerable CAGR of 5% during 2021-26. On account of launch of various food-chain and growing penetration e-commerce platform in South East Asian countries the two-wheeler vehicle industry is witnessing a boom thereby contributing in the growth of two-wheeler tires also. Moreover, rising population and large middle sized income group individuals are contributing in the growth of two-wheeler tires market.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Country Covered||Malaysia, Indonesia, Singapore, Cambodia, Vietnam, Thailand, Philippines and Others|
|Key Companies Profiled||MRF, Bridgestone, Goodyear, CEAT, Apollo, TVS, Shrichakra, JK Tire, Ralco, Maxis, Others|
|Unit Denominations||USD Million/Billion|
Motorbike Segment Dominated the Market
Based on Vehicle Type, motorbike segment dominated the market and is anticipated to maintain its dominance by 2026. The significant boost it in the e-commerce industry coupled with establishment of various food & beverage outlet and rising trend of ride share is projected to accentuate the demand for motorcycle in the country which would further lead to propel in the demand for motorcycle tire in the forthcoming years. Moreover, ride hailing sector is also another major growth factor. In 2019, Booking.com, launched its on-demand ride-hailing service in partnership with Grab which is the largest fleet of drivers across 8 countries in Southeast Asia. The demand for two-wheeler tires is expected to burgeon further in the coming years as revealed by the MarkNtel Advisors’ research report “South East Asia Two-Wheeler Tire Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the South East Asia Two-Wheeler Tire market include Yokohama Rubber Co., Bridgestone, Goodyear, Toyo Two-Wheeler Tires and Rubber Co. Ltd., Continental, Pirelli, Kumho, Apollo, Dunlop, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
A. The market size/industry size or the market value is measured in terms of USD Million.
A. MRF, Bridgestone, Goodyear, CEAT, Apollo, TVS, Dunlop, TVS, Sumitomo Two-Wheeler Tire, Hangzhou Zhongce Rubber are few of the leading players in the South East Asia Two-Wheeler Tire Market.
A. Bias segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
A. Malaysia and Indonesia grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of South East Asia Two-Wheeler Tire Market.