Malaysia Two-wheeler Tire Market Comprehensive Analysis and Forecast 2024 to 2030
Malaysia Two-wheeler Tire Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Malaysia Two-wheeler Tire Market is estimated to grow at a CAGR of around 5.46% during the forecast period, i.e., 2024-30. The Malaysia Two-wheeler Tire Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Malaysia Two-wheeler Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Malaysia Two-wheeler Tire Market drivers, barriers, Malaysia Two-wheeler Tire Market Trends, and Key Players in Malaysia Two-wheeler Tire Market.
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Malaysia Two-wheeler Tire Market Dynamics: 2024-2030
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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Malaysia Two-wheeler Tire Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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.
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Top Companies Operating in the Malaysia Two-wheeler Tire Market:
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.
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