The Malaysia Two-wheeler Tire Market size is estimated to grow at a CAGR of around 5.46% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Malaysia Two-wheeler Tire Market Driver:
Increasing Two-wheeler Automobile Production Driving the Market Growth – Two-wheeler production is increasing due to traffic congestion and growth in investment by manufacturers in the two-wheeler industry for superior performance and comfort. The growing production of two-wheelers increases the demand for tires as the demand for tires is linked with production when the production increases the requirement for tires would automatically increase. According to the Motorcycle & Scooter Assemblers and Distributors Association of Malaysia, the production of two-wheelers was 4,96,136, 6,85,828, and 5,61,077 units in the years 2021, 2022, and 2023 respectively, which indicates the increasing demand for tires in the country. Therefore, the growing two-wheeler production increases the demand for tires, further driving the Malaysia Two-wheeler Tire Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Malaysia Two-wheeler Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Vehicle Type
- Scooter and Moped
- Internal Combustion Engine (ICE)
- Upto 100 cc
- 101 cc to 125 cc
- 126 cc to 150 cc
- Above 150 cc
- Electric
- Motorcycle
- Internal Combustion Engine (ICE)
- Upto 100 cc
- 101 cc to 125 cc
- 126 cc to 150 cc
- Above 150 cc
- Electric
- By Tire Size
- 70/90-17
- 80/90-17
- 110/80-14
- 130/70-13
- 100/80-17
- 140/70-17
- 110/70-17
- 120/70 R17
- Others
- By Tire Type
- Radial
- Bias
- By Price Category
- Budget (Upto USD10)
- Economy (USD11-USD30)
- Premium (Above USD31)
- By Tire Pattern
- Symmetrical Tire
- Asymmetrical Tire
- Directional Tire
- By Sales Channel
- Online
- Direct Sales
- Multi Brand Stores
- Exclusive Outlets
- By Demand Type
- OEM
- Replacement
- By Region
- East
- West
- South
- Central
- East Coast
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Bridgestone Tyre Sales (Malaysia) Sdn Bhd, Continental Tires, Michelin Tires Co., Ltd., Pirelli Tires, Maxxis Tires, Kenda Tires, Inoue Rubber Co., Ltd., Vee Rubber, TVS Eurogrip, Yokohama TWS, Others looking forward to strengthening their market positions.
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