Portland, OR, Dec. 16, 2023 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the Southeast Asian tire market generated $8.21 billion in 2020, and is projected to reach $14.48 billion by 2030, witnessing a CAGR of 6.1% from 2023 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
High rubber production in the Southeast Asian region, growth in automotive exports, and rise in passenger car sales drive the growth of the Southeast Asian tire market. However, development in the market of retreading tires and lack of infrastructure restrain the market to some extent. On the other hand, advancements in technology present new opportunities in the upcoming years.
Download Report (237 Pages PDF with Insights, 68 Charts, 101 Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/14655
COVID-19 scenario:
- The outbreak of the COVID-19 pandemic has had a negative impact on the Southeast Asian tire market.
- The implementation of lockdown in South Asia gave way to several travel restrictions and forced all tire manufacturing hubs to shut down their operation, which in turn, hampered the growth of the market.
The report offers detailed segmentation of the Southeast Asian tire market based on type, vehicle type, rim size, and country.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/14655
Based on type, the all season segment held the highest market share in 2020, holding 92% of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the summer segment is estimated to register the highest CAGR of 7.5% from 2023 to 2030.
Based on vehicle type, the two wheeler segment held the largest market share in 2020, holding around more than one-third of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the electric vehicle segment is projected to register the highest CAGR of 10.8% from 2023 to 2030.
Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/14655
Based on country, Thailand contributed to the highest share in terms of revenue in 2020, holding nearly one-third of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the Vietnam region is projected to manifest the fastest CAGR of 7.3% during the forecast period.
Leading players of the Southeast Asian tire market analyzed in the research include Bridgestone Corporation, Continental AG, Dunlop Tires, PT Gajah Tunggal Tbk, Goodyear Tire, Hankook Tire & Technology Co., Ltd., Michelin, Pirelli & C. S.p.A, PT Multistrada Arah Sarana Tbk, Sumitomo Rubber Industries, Ltd., The Yokohama Rubber Co., Ltd., Inoac Corporation, PT. Suryaraya Rubberindo Industries, PT Tiga Berlian Mandiri.
Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/14655
Similar Reports We Have on Tire Industry:
Automotive Tire Market by Season Type (Summer, Winter, and All Season), Vehicle Type (Passenger Car, Commercial Vehicle, and Electric Vehicle), Rim Size (Less than 15 Inch, 15 to 20 Inch, and More than 20 Inch), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Tyres Market by Vehicle Type (Passenger Car, Medium & Heavy Commercial Vehicle, Light Commercial Vehicle, Three Wheeler, Two-Wheeler, Off-The-Road) Tire Type (Tubeless Tires, Tube Tires, Bias Tires, Radial Tires, OEM Tires, Replacement Tires) Production (Domestic Production, Imports) Size (Small, Medium, Large) : Global Opportunity Analysis and Industry Forecast, 2020-2030.
Racing Tires Market by Product Application (Auto Racing Tires and Motorcycle Racing Tires), by End User (Replacement Tires and OEMs), and by Tire Type (Racing Slick Tires and Racing Treaded Tires) – Global Opportunity Analysis and Industry Forecast, 2017-2030.
Green Tire Market by type (On-Road Tires, and Off-Road Tire), By Application (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Car) – Global Opportunity Analysis and Industry Forecast 2017-2030.
Self-Sealing Tire Market by Type (Diagonal Tires and Radial Tires), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), and by Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Airless Tire Market by Material (Rubber and Plastic), Vehicle Type (Military Vehicles, Passenger & Commercial Vehicles, All-terrain Vehicles, Utility Vehicles, and Two-Wheelers), Sales Channel (OE and Aftermarket), and Rim Size (Less than 15 Inches, 15 to 20 Inches, and More than 20 Inches): Global Opportunity Analysis and Industry Forecast, 2023–2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
