Southeast Asia Passenger Car Tire Market Growth and Development Insight – Size, Share, Growth, and Industry Analysis | MarkNtel

Southeast Asia Passenger Car Tire Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

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 Asian countries have been experiencing an increase in the rising middle-class population & rapid urbanization due to the country’s overall economic growth. As a result, passenger cars in these countries are becoming more accessible & common. Moreover, post-COVID-19, individuals in these countries are now preferring commuting via personal vehicles to ensure personal safety & well-being. This increasing demand for personal transportation is leading to the purchase of new passenger cars in these countries, which is directly contributing to the surge in the requirement for passenger car tires in Southeast Asia.

Markntel Advisor’s Southeast Asia Passenger Car Tire Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Southeast Asia Passenger Car Tire Market drivers, barriers, Southeast Asia Passenger Car Tire Market Trends, and Key Players in Southeast Asia Passenger Car Tire Market.

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Southeast Asia Passenger Car Tire Market Dynamics: 2024-2030

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.

Browse Full Report with Detail Analysis – https://www.marknteladvisors.com/research-library/sea-passenger-car-tire-market.html

Southeast Asia Passenger Car Tire Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• By Vehicle Type
  • Sedan – Market Size & Forecast, 2019-2030 (Thousands)
  • SUV– Market Size & Forecast, 2019-2030 (Thousands)
  • Hatchback– Market Size & Forecast, 2019-2030 (Thousands)

According to report, SUV holds a dominant market share in the Southeast Asia Passenger Car Tire Market over the past few years.

• 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)

According to report, Sales through multi-brand stores and exclusive outlets have been steadily increasing, as people prefer to buy tires from these stores since they offer a diverse selection of options from brands such as Goodyear, Bridgestone, and others at a single point of sale.

• By Country
  • Malaysia
  • Indonesia
  • Singapore
  • Cambodia
  • Vietnam
  • Thailand
  • Philippines
  • Others

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Southeast Asia Passenger Car Tire Market:

• 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

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