The Southeast Asia Passenger Car Tire Market is predicted to grow at a CAGR of around 4.8% during the forecast period, i.e., 2024-30.
Southeast Asia Passenger Car Tire Market Driver:
Increasing Demand for Taxis & Rental Passenger Cars – As numerous countries of the region such as Indonesia, Thailand, etc., are witnessing high influx of tourism & business travel, the need for reliable transportation like taxis & other commuting transportation option is also increasing, thus infusing the demand for more passenger cars & eventually their tires as well. Along with this the increasing urbanization is also affecting the demand graph of the Southeast Asia Passenger Car Tire Market.
Also, it is witnessed that in many of the cities, including Ho Chi Minh, Bangkok, Jakarta, and others individuals are facing traffic congestion & limited parking spaces, which is making most of the people to opt for rental services, taxis, etc. Hence, the growing demand for rental cars & passenger cars is infusing the sales & need for more & more passenger cars, therefore driving the Southeast Asia Passenger Car Tire Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Southeast Asia Passenger Car Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Vehicle Type
- Sedan – Market Size & Forecast, 2019-2030 (Thousands)
- SUV– Market Size & Forecast, 2019-2030 (Thousands)
- Hatchback– Market Size & Forecast, 2019-2030 (Thousands)
- By Type of Tire
- Radial– Market Size & Forecast, 2019-2030 (Thousands)
- Bias– Market Size & Forecast, 2019-2030 (Thousands)
- By Demand Type
- OEMs– Market Size & Forecast, 2019-2030 (Thousands)
- Aftermarket– Market Size & Forecast, 2019-2030 (Thousands)
- By Price Category
- Budget– Market Size & Forecast, 2019-2030 (Thousands)
- Premium– Market Size & Forecast, 2019-2030 (Thousands)
- Economy– Market Size & Forecast, 2019-2030 (Thousands)
- By Tire Size
- Tire Size 1– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 2– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 3– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 4– Market Size & Forecast, 2019-2030 (Thousands)
- Tire Size 5– Market Size & Forecast, 2019-2030 (Thousands)
- By Sales Channel
- Direct Sales– Market Size & Forecast, 2019-2030 (Thousands)
- Online– Market Size & Forecast, 2019-2030 (Thousands)
- Multi Brand– Market Size & Forecast, 2019-2030 (Thousands)
- Exclusive Outlets– Market Size & Forecast, 2019-2030 (Thousands)
- By Country
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Others
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Pirelli Tyre S.p.A., Goodyear Southeast Asia Pvt Ltd, Bridgestone Tire Co., Ltd., Continental AG, MRF Tires, The Yokohama Rubber Co., Ltd,, Triangle Group, Michelin Tyres, Apollo Tires Ltd., Stamford Tyres Thailand, Others
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