South East Asia Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, & Others), Demand Category, Radial vs. Bias, Rim Size, Tire Type, Country, Competition, Forecast & Opportunities, 2014-2024
|出版日||ページ情報||英文 114 Pages
|タイヤの東南アジア市場：競合・予測・機会 South East Asia Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, & Others), Demand Category, Radial vs. Bias, Rim Size, Tire Type, Country, Competition, Forecast & Opportunities, 2014-2024|
|出版日: 2019年08月01日||ページ情報: 英文 114 Pages||
South East Asia Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler and OTR), By Demand Category (OEM Vs Replacement), By Radial vs. Bias, By Rim Size, By Tire Type, By Country, Competition, Forecast & Opportunities, 2014-2024.
South East Asia tire market was valued at around $ 11 billion in 2018 and is projected to surpass $ 17 billion by 2024. Anticipated growth in the market is led by rising sales of two-wheelers and passenger cars as well as expanding overall vehicle fleet across all the major countries in the region. Moreover, rising disposable income is boosting demand for premium vehicles across various countries of South East Asian region, thereby further fuelling growth in the region's tire market.
South East Asia tire market can be segmented based on vehicle type, demand category, rim size, tire type, radial vs bias and country. In terms of tire type, market can be bifurcated into non-run flat and run flat. Non-run type is the dominant segment in the market, however, demand for run-flat tires is also expected to grow in the coming years as they offer better performance and safety as compared to other tires. Further, various automakers are focusing on offering run-flat tires in OE fitments, which is anticipated to fuel their demand across South East Asia region through 2024. Among countries, Indonesia dominated South East Asia tire market with over 44% volume share in 2018. The country is anticipated to maintain its dominance during forecast period as well on the back of expanding vehicle fleet in the country.
List of major players operating in the South East Asia tire market include PT Gajah Tunggal TBK, PT Suryaraya Rubberindo Industries, Bridgestone Corporation, Compagnie Generale des Establissements Michelin, Sumitomo Rubber Industries, Continental AG, The Goodyear Tire & Rubber Company, Deestone Corporation Limited, Toyo Tire & Rubber Co. Ltd, The Yokohama Rubber Co., Ltd., etc. Major companies are adopting strategies such as expansion in new locations, mergers & acquisitions and product developments. With rising focus of these leading players on sales and marketing activities, the tire industry in South East Asia is anticipated to witness intensifying competition over the next five years.
Years considered for this report:
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the ASEAN/South East Asia region. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major tire suppliers across ASEAN/South East Asia region.
TechSci Research calculated the market size for South East Asia tire by using a bottom-up technique, wherein manufacturers' volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, The ASEAN Automotive Federation, Economic Intelligence Unit (EIU), company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tire manufacturers, investors and automotive OEMs. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, South East Asia tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle
Off the Road Vehicle
Rest of South East Asia
Company Profiles: Detailed analysis of the major companies present in South East Asia tire market
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Profit Margin Analysis