Southeast Asia Two-Wheeler Tire Market Overview: 2023-28

Base Year: 2022

Historical Years: 2018-21

Forecast Years: 2023-28

The Southeast Asia Two-Wheeler Tire Market is valued at USD3.11 billion in 2022 and is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2023-28. The surging penetration of two-wheelers is primarily driving the market for two-wheeler tires. Rapid urbanization & population growth in Southeast Asian countries have accelerated the demand for efficient mobility solutions in the region. As two-wheelers provide a convenient mode of transportation for navigating through crowded streets & reaching destinations quickly, their use & demand have increased substantially.  

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

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Southeast Asia Two-Wheeler Tire Market Dynamics: 2023-28

Growth of E-commerce & the Transition toward E-mobility: The e-commerce sector in the Southeast Asia region has grown at a considerable rate over the past years due to the rising preference of consumers & improvement in online payment facilities. In addition, the availability of a huge variety of options and lucrative pricing & discounts on purchases has also fuelled online sales. As a result, it has positively expanded the logistics sector by increasing its operational work, including home deliveries.

This growth in online sales led to the widespread adoption of both conventional & electric scooters & motorcycles by online delivery companies like Gojek, Foodpanda, etc., to facilitate early product deliveries. It has been mainly attributed to the compact size of two-wheelers, which eases commuting in crowded cities of the region. As Southeast Asia depends on electric two-wheeler imports, many companies have received funding to establish their manufacturing units in the region. For instance,

In 2022, DatBike, a Vietnam-based electric vehicle start-up, received USD5.3 million in Series A funding for expanding its domestic electric two-wheeler manufacturing capability.

Hence, with the increasing number of e-commerce companies and the growing domestic two-wheeler manufacturing, the demand for two-wheeler tires is anticipated to rise in the forecast years.

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Southeast Asia Two-Wheeler Tire Market (2023-28): Segmentation Outlook

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

·       By Vehicle Type

o   Scooter and Moped

§  Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

§  101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

§  126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

§  Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Motorcycle

§  Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

§  101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

§  126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

§  Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

According to report, Of both, scooters & mopeds held a substantial share in the Southeast Asia Two-Wheeler Tire Market, with Indonesia, Thailand, Vietnam, and the Philippines among the key countries driving higher sales of two-wheelers across the region.

·       By Rim Size

o   10” to 14”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   14.1” to 16”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Above 16.1”, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

·       By Tire Type

o   Radial, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Bias, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

According to report, Here, bias tires held a more prominent market in the previous few years, owing mainly to their higher load-bearing capacity & affordability than radial tires.

·       By Price Category

o   Budget, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Economy, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Premium, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

·       By Sales Channel

o   Online, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Direct Sales, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Multi Brand Stores, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Exclusive Outlets, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

·       By Demand Type

o   OEM, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

o   Replacement, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)

·       By Country

o   Malaysia

o   Indonesia

o   Singapore

o   Cambodia

o   Vietnam

o   Thailand

o   Philippines

o   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 Two-Wheeler Tire Market:

  • ABB Ltd.
  • IBM
  • Honeywell Elster
  • Siemens
  • Schneider Electric
  • Suez
  • Arada Group
  • Aquamatrix
  • Kasha
  • Badger Meter
  • Sensus

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