The ASEAN tire market is anticipated to witness a CAGR of 3.5% during the forecast period (2023-2029). ASEAN Tire Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms to have constant observation of latest market trends which keep on changing. Constants shifts in the trends and key advancements are observed in the market through this ASEAN Tire Market report and inform key firms about them. By knowing this, business owners can take effective actions before actually developing any product or service. It also aims at offering thorough knowledge regarding competitors to assist them in taking strategic decision making.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
ASEAN Tire Market Report Segment
By Vehicle Type
- Passenger Cars
- Light & Medium Commercial Vehicle
- Heavy Commercial Vehicle
- Two-Wheeler
- Other (Construction, Agricultural, Customized Sports)
By Road Application
- All-Season Tire
- Summer Tire
- Winter Tire
- Other
By Construction
- Radial Tire
- Bias Ply Tire
By Tire Type
- Tubeless Tire
- Tubbed Tire
By Sales Channel
- OEM
- Aftermarket
ASEAN Tire Market Report Segment By Geography
- Indonesia
- Malaysia
- Philippines
- Thailand
- Rest of ASEAN
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.
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