Southeast Asia Passenger Car Tire Market Overview: Driving Forces Behind Rapid Growth & Expansion

How Big is the Southeast Asia Passenger Car Tire Market?

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.

Market Statistics

Market Growth Rate (CAGR): 4.8% from 2024-2030

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Southeast Asia Passenger Car Tire Market Insight:

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.

Southeast Asia Passenger Car Tire Market Segmentation:

The 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)

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

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Competitive Landscape:

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

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

Market Performance (2024-2030)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

Other Report:

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