Southeast Asia Automotive Tire Market Introduction and Overview
According to SPER Market Research, the Southeast Asia Automotive Tire Market is estimated to reach USD 5.47 billion by 2033 with a CAGR of 6.01%.
The report includes an in-depth analysis of the Southeast Asia Automotive Tire Market, including market size and trends, product mix, applications, and supplier analysis. Since it guarantees the comfort and safety of the driver and passengers, the car tire is a crucial part of any vehicle. The tire's primary purposes are to provide tractive force between the vehicle and the pavement and to protect the wheel rim. Due to its composed of rubber, it also acts as a flexible cushion, reducing vibrational shock and absorbing shock from the vehicle. A rubber tire is made composed of tread, jointless cap piles, beads, and other parts like cloth, carbon black, and synthetic rubber. Tire demand is ultimately determined by automobile output.
- February 2024; With an emphasis on cutting-edge tire technology and environmentally friendly materials, Bridgestone established a new research and development facility in Indonesia. Bridgestone will be better equipped to create next-generation tires that are tailored to the unique requirements of the Southeast Asian market thanks to this plant.
- June 2023; In an effort to streamline the supply chain and shorten delivery times for customers across Southeast Asia, Pirelli has announced the construction of a new tire distribution center in Malaysia.
Market Opportunities and Challenges
Opportunities- The market for automobile tires has a lot of prospects due to the increasing use of electric vehicles. Because of their special features, which include more torque, larger battery packs, and regenerative braking, EVs require specialized tires. Tire producers can benefit from this trend by creating tires specifically designed to meet the requirements of electric cars. Tire producers have potential as autonomous car technology advances and is implemented. Tires with cutting-edge sensors, communication capabilities, and increased durability are necessary for autonomous cars to meet the needs of self-driving technology. In order to provide tires that enhance autonomous driving systems, tire producers can work with autonomous car makers.
Challenges- The price of raw materials, particularly rubber, can fluctuate, which affects the vehicle tire industry. Price fluctuations for rubber can affect tire producers' profitability and have an effect on the cost of car tires. Market participants frequently struggle to control raw material costs, which has an impact on their profit margins. There are many national and international competitors fighting for market share in the fiercely competitive automotive tire industry. Manufacturers' profit margins are impacted by price wars that frequently result from intense rivalry. The requirement for constant innovation and distinction presents difficulties for smaller market competitors.
Market Competitive Landscape
The Southeast Asia Automotive tire market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Bridgestone Sales (Thailand) Co. Ltd., Continental AG, Hankook Tire & Technology Co., Ltd., Kumho Tire Co., Inc., Maxxis International, Michelin, Pirelli & C. S.p.A., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co. Ltd., Toyo Tire Corporation, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Vehicle Type, By End-User.
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| Regions covered | Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, Rest of Southeast Asia.
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| Companies Covered | Bridgestone Sales (Thailand) Co. Ltd., Continental AG, Hankook Tire & Technology Co. Ltd., Kumho Tire Co. Inc., Maxxis International, Michelin, Pirelli & C. S.p.A., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co. Ltd., Toyo Tire Corporation, Others.
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COVID-19 Impact on Southeast Asia Automotive Tire Market
The Southeast Asia automobile industry had difficulties due to the COVID-19 epidemic, which had a substantial influence on the automotive tire market. An economic downturn was caused by lockdown procedures, supply chain interruptions, a fall in vehicle production, and a decline in consumer demand. Uncertainties also had a direct impact on the demand for car tires by contributing to a drop in vehicle sales. The pandemic's profound effects on consumer behavior and the economy led to a significant decline in the tire market, underscoring the susceptibility of the sector to international crises.
Key Target Audience:
- Automotive Dealerships
- Tire Retailers
- Commercial Fleet Operators
- Government Transportation Agencies
- OEMs
Our in-depth analysis of the Southeast Asia Automotive Tire Market includes the following segments:
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By Type:
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Radial
Bias
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By Vehicle Type:
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Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two Wheelers
Off-The-Road
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By End-Use:
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OEM
Aftermarket
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Key Topics Covered in the Report:
- Southeast Asia Automotive Tire Market Size (FY’2024-FY’2033)
- Overview of Southeast Asia Automotive Tire Market
- Segmentation of Southeast Asia Automotive Tire Market by Type (Radial, Bias)
- Segmentation of Southeast Asia Automotive Tire Market by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two Wheelers, Off-The-Road)
- Segmentation of Southeast Asia Automotive Tire Market by End-Use (OEM, Aftermarket)
- Statistical Snap of Southeast Asia Automotive Tire Market
- Expansion Analysis of Southeast Asia Automotive Tire Market
- Problems and Obstacles in Southeast Asia Automotive Tire Market
- Competitive Landscape in the Southeast Asia Automotive Tire Market
- Impact of COVID-19 and Demonetization on Southeast Asia Automotive Tire Market
- Details on Current Investment in Southeast Asia Automotive Tire Market
- Competitive Analysis of Southeast Asia Automotive Tire Market
- Prominent Players in the Southeast Asia Automotive Tire Market
- SWOT Analysis of Southeast Asia Automotive Tire Market
- Southeast Asia Automotive Tire Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Southeast Asia Automotive Tire Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Southeast Asia Automotive Tire Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Southeast Asia Automotive Tire Market
7. Southeast Asia Automotive Tire Market, By Type (USD Million) 2020-2033
7.1. Southeast Asia Automotive Tire Market Size, Share and Forecast, By Type, 2020-2026
7.2. Southeast Asia Automotive Tire Market Size, Share and Forecast, By Type, 2027-2033
7.3. Radial
7.4. Bias
8. Southeast Asia Automotive Tire Market, By Vehicle Type (USD Million) 2020-2033
8.1. Southeast Asia Automotive Tire Market Size, Share and Forecast, By Vehicle Type, 2020-2026
8.2. Southeast Asia Automotive Tire Market Size, Share and Forecast, By Vehicle Type, 2027-2033
8.3. Passenger Cars
8.4. Light Commercial Vehicles
8.5. Medium and Heavy Commercial Vehicles
8.6. Two Wheelers
8.7. Off-The-Road
9. Southeast Asia Automotive Tire Market, By End-Use (USD Million) 2020-2033
9.1. Southeast Asia Automotive Tire Market Size, Share and Forecast, By End-Use, 2020-2026
9.2. Southeast Asia Automotive Tire Market Size, Share and Forecast, By End-Use, 2027-2033
9.3. OEM
9.4. Aftermarket
10. Southeast Asia Automotive Tire Market Forecast, 2020-2033 (USD Million)
10.1. Southeast Asia Automotive Tire Market Size and Market Share
11. Southeast Asia Automotive Tire Market, By Region, 2020-2033 (USD Million)
11.1. Southeast Asia Automotive Tire Market Size and Market Share By Region (2020-2026)
11.2. Southeast Asia Automotive Tire Market Size and Market Share By Region (2027-2033)
11.3. Brunei
11.4. Cambodia
11.5. Indonesia
11.6. Laos
11.7. Malaysia
11.8. Myanmar
11.9. Philippines
11.10. Thailand
11.11. Rest of Southeast Asia
12. Company Profile
12.1. BRIDGESTONE SALES CO. LTD.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. CONTINENTAL AG
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. HANKOOK TIRE & TECHNOLOGY CO., LTD.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. KUMHO TIRE CO., INC.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. MAXXIS INTERNATIONAL
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. PIRELLI & C. S.P.A
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. THE GOODYEAR TIRE & RUBBER COMPANY
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. THE YOKOHAMA RUBBER CO. LTD.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. TOYO TIRE CORPORATION
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
