ASEAN Tire Market
ASEAN Tire Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars, Light & Medium Commercial Vehicle, Heavy Commercial Vehicle, Two-Wheeler and Other), By Road Application (All-Season Tire, Summer Tire, Winter Tire and Other), By Construction (Radial Tire and Bias Ply Tire), By Tire Type (Tubeless Tire and Tubbed Tire), By Sales Channel (OEM and Aftermarket) Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The ASEAN tire market is anticipated to witness a CAGR of 3.5% during the forecast period (2020-2026). The region is the largest producer of natural rubber and supplies the tire raw material to all the major companies all across the globe. The companies have also set-up their manufacturing units near the raw material source. Anticipated lucrative growth in vehicle sales during the forecast period and increasing disposable income of the people in the region are some of the major factors for the growth of the tire market in the region. After the COVID-19 pandemic, Vietnam has emerged as an attractive alternative for the companies to shift their production unit to diversify their manufacturing and to reduce dependency on China. It will provide significant economic growth to the country and will augment the demand for high-end products among the people.
The ASEAN tire market is segmented based on vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light & medium commercial vehicles, heavy commercial vehicles, two-wheeler, and other. Passenger cars and two-wheelers are expected to hold a major market share during the forecast period. Moreover, the market is also studied based on geography, and divided into Indonesia, Malaysia, the Philippines, and the rest of ASEAN. As per the OICA, more than a million vehicles were sold in Thailand and Indonesia each in 2019. Both countries will maintain a significant market share during the forecast period.
Some of the key players of the ASEAN tire market include Bridgestone Corp., CEAT Ltd., Michelin Group, Goodyear Tire, and Rubber Co. among others. The market players are significantly contributing to the market growth by adopting various strategies including mergers, & acquisitions, collaborations, new product launch, and geographical expansion, to stay competitive in the market.
Research Methodology
The market study of the ASEAN tire market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for tire manufacturers & distributors, automakers, auto-ancillary companies, start-ups, venture capitalists, seed funders, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation
- ASEAN Tire Market Research and Analysis by Vehicle Type
- ASEAN Tire Market Research and Analysis by Road Application
- ASEAN Tire Market Research and Analysis by Construction
- ASEAN Tire Market Research and Analysis by Tire Type
- ASEAN Tire Market Research and Analysis by Sales Channel
The Report Covers
- Comprehensive research methodology of the ASEAN Tire market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the ASEAN Tire industry.
- Insights about market determinants which are stimulating the ASEAN Tire market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. ASEAN Automotive Tire Market by Vehicle Type
4.1.1. Passenger Cars
4.1.2. Light &Medium Commercial Vehicle
4.1.3. Heavy Commercial Vehicle
4.1.4. Two-Wheeler
4.1.5. Others(Construction, Agricultural, Customized Sports)
4.2. ASEAN Automotive Tire Market by Road Application
4.2.1. All-Season Tire
4.2.2. Summer Tire
4.2.3. Winter Tire
4.2.4. Others(All-Terrain Tire)
4.3. ASEAN Automotive Tire Market by Construction
4.3.1. Radial Tire
4.3.2. Bias PlyTire
4.4. ASEAN Automotive Tire Market by Tire Type
4.4.1. Tubeless Tire
4.4.2. Tubbed Tire
4.5. ASEAN Automotive Tire Market by Sales Channel
4.5.1. OEM (Original Equipment Manufacturer)
4.5.2. Aftermarket (Replacement)
5. Regional Analysis
5.1. Indonesia
5.2. Malaysia
5.3. Philippines
5.4. Thailand
5.5. Rest of ASEAN
6. Company Profiles
6.1. Apollo Tires Ltd.
6.1.1. Overview
6.1.2. Apollo Tires Ltd. in ASEAN
6.1.3. Apollo Tires Ltd. in Tires Landscape
6.1.4. Recent Developments
6.2. Bridgestone Corp.
6.3. Ceat Ltd.
6.4. Cheng Shin Rubber Ind. Co. Ltd.
6.5. Continental AG
6.6. Gajah Tunggal Tbk
6.7. Giti Tire Pte Ltd.
6.8. Goodyear Tire and Rubber Co.
6.9. Hankook Tire Co. Ltd.
6.10. Michelin Group
6.11. Omni United (S) Pte. Ltd.
6.12. Pirelli & C. S.p.A.
6.13. Pt. IndustriKaret Deli
6.14. PT. Suryaraya Rubberindo Industries
6.15. Sumitomo Rubber Industries Ltd.
6.16. The Yokohama Rubber Co, Ltd.
6.17. Toyo Tire Corp.
1. ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
2. ASEAN PASSENGER CARS TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
3. ASEAN LIGHT & MEDIUM COMMERCIAL VEHICLE TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
4. ASEAN HEAVY COMMERCIAL VEHICLE TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
5. ASEAN TWO-WHEELER TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
6. ASEAN OTHER VEHICLE TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
7. ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
8. ASEAN ALL-SEASON TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
9. ASEAN SUMMER TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
10. ASEAN WINTER TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
11. ASEAN OTHER APPLICATION TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
12. ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY TIRE CONSTRUCTION, 2019-2026 ($ MILLION)
13. ASEAN RADIAL TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
14. ASEAN BIAS PLY TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
15. ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
16. ASEAN TUBELESS TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. ASEAN TUBBED TIRE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
18. INDONESIA TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
19. INDONESIA TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
20. INDONESIA TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
21. INDONESIA TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
22. INDONESIA TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
23. MALAYSIA TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
24. MALAYSIA TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
25. MALAYSIA TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
26. MALAYSIA TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
27. MALAYSIA TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
28. PHILIPPINES TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
29. PHILIPPINES TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
30. PHILIPPINES TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
31. PHILIPPINES TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
32. PHILIPPINES TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
33. THAILAND TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
34. THAILAND TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
35. THAILAND TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
36. THAILAND TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
37. THAILAND TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
38. REST OF ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY VEHICLE TYPE, 2019-2026 ($ MILLION)
39. REST OF ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY ROAD APPLICATION, 2019-2026 ($ MILLION)
40. REST OF ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY CONSTRUCTION, 2019-2026 ($ MILLION)
41. REST OF ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY TIRE TYPE, 2019-2026 ($ MILLION)
42. REST OF ASEAN TIRE MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2019-2026 ($ MILLION)
1. ASEAN TIRE MARKET SHARE BY VEHICLE TYPE, 2019 VS 2026 (%)
2. ASEAN TIRE MARKET SHARE BY ROAD APPLICATION, 2019 VS 2026 (%)
3. ASEAN TIRE MARKET SHARE BY CONSTRUCTION, 2019 VS 2026 (%)
4. ASEAN TIRE MARKET SHARE BY TIRE TYPE, 2019 VS 2026 (%)
5. ASEAN TIRE MARKET SHARE BY SALES CHANNEL, 2019 VS 2026 (%)
6. ASEAN TIRE MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
7. INDONESIA TIRE MARKET SIZE, 2019-2026 ($ MILLION)
8. MALAYSIA TIRE MARKET SIZE, 2019-2026 ($ MILLION)
9. PHILIPPINES TIRE MARKET SIZE, 2019-2026 ($ MILLION)
10. THAILAND TIRE MARKET SIZE, 2019-2026 ($ MILLION)
11. REST OF ASEAN TIRE MARKET SIZE, 2019-2026 ($ MILLION)
