Southeast Asian Tire Market to Grow USD 14.48 Billion by 2030, Driven by Mobility & Manufacturing Growth
Southeast Asian Tire Market Growth
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/request-sample/14655
High rubber production in the Southeast Asian region, growth in automotive exports, and rise in passenger car sales drive the growth of the Southeast Asian tire market. However, development in the market of retreading tires and lack of infrastructure restrain the market to some extent. On the other hand, advancements in technology present new opportunities in the upcoming years.
Automobile tires are used to improve the vehicle's safety and drivability, as well as to make the driver more comfortable and keep passengers safe while driving. Automobile tires are available in a wide range of sizes and types, as well as for a wide range of applications. A tire is a durable, flexible rubber casing that is placed to the wheels of vehicles such as passenger cars, commercial vehicles, and two-wheelers, among other automobiles, to provide a gripping surface for traction and to cushion the moving vehicle's wheels. The booming automotive fleet, growing middle-income population, expanding transportation infrastructure, and rising automotive exports in Southeast Asian countries have all contributed to strong increase in tire production across the region in recent years. Furthermore, the development of several export hubs in the region offers a promising opportunity for automobile tire manufacturers to expand their production capacities.
๐๐๐๐๐ข๐ง๐ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฎ๐ญ๐ก๐๐๐ฌ๐ญ ๐๐ฌ๐ข๐๐ง ๐ญ๐ข๐ซ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ณ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐ซ๐ข๐๐ ๐๐ฌ๐ญ๐จ๐ง๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐จ๐ง๐ญ๐ข๐ง๐๐ง๐ญ๐๐ฅ ๐๐, ๐๐ฎ๐ง๐ฅ๐จ๐ฉ ๐๐ข๐ซ๐๐ฌ, ๐๐ ๐๐๐ฃ๐๐ก ๐๐ฎ๐ง๐ ๐ ๐๐ฅ ๐๐๐ค, ๐๐จ๐จ๐๐ฒ๐๐๐ซ ๐๐ข๐ซ๐, ๐๐๐ง๐ค๐จ๐จ๐ค ๐๐ข๐ซ๐ & ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐จ., ๐๐ญ๐., ๐๐ข๐๐ก๐๐ฅ๐ข๐ง, ๐๐ข๐ซ๐๐ฅ๐ฅ๐ข & ๐. ๐.๐ฉ.๐, ๐๐ ๐๐ฎ๐ฅ๐ญ๐ข๐ฌ๐ญ๐ซ๐๐๐ ๐๐ซ๐๐ก ๐๐๐ซ๐๐ง๐ ๐๐๐ค, ๐๐ฎ๐ฆ๐ข๐ญ๐จ๐ฆ๐จ ๐๐ฎ๐๐๐๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ, ๐๐ญ๐., ๐๐ก๐ ๐๐จ๐ค๐จ๐ก๐๐ฆ๐ ๐๐ฎ๐๐๐๐ซ ๐๐จ., ๐๐ญ๐., ๐๐ง๐จ๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐. ๐๐ฎ๐ซ๐ฒ๐๐ซ๐๐ฒ๐ ๐๐ฎ๐๐๐๐ซ๐ข๐ง๐๐จ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ, ๐๐ ๐๐ข๐ ๐ ๐๐๐ซ๐ฅ๐ข๐๐ง ๐๐๐ง๐๐ข๐ซ๐ข.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/14655
COVID-19 scenario:
The outbreak of the COVID-19 pandemic has had a negative impact on the Southeast Asian tire market.
The implementation of lockdown in South Asia gave way to several travel restrictions and forced all tire manufacturing hubs to shut down their operation, which in turn, hampered the growth of the market.
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐๐๐๐ซ๐ฌ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฎ๐ญ๐ก๐๐๐ฌ๐ญ ๐๐ฌ๐ข๐๐ง ๐ญ๐ข๐ซ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐, ๐ซ๐ข๐ฆ ๐ฌ๐ข๐ณ๐, ๐๐ง๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ.
Based on type, the all season segment held the highest market share in 2020, holding 92% of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the summer segment is estimated to register the highest CAGR of 7.5% from 2021 to 2030.
Based on vehicle type, the two wheeler segment held the largest market share in 2020, holding around more than one-third of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the electric vehicle segment is projected to register the highest CAGR of 10.8% from 2021 to 2030.
Based on country, Thailand contributed to the highest share in terms of revenue in 2020, holding nearly one-third of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the Vietnam region is projected to manifest the fastest CAGR of 7.3% during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ญ - https://www.alliedmarketresearch.com/request-for-customization/14655
The factors, such as high rubber production in the Southeast Asian region, and growing automotive exports, and rising passenger car sales, are expected to drive the Southeast Asian tire market. However, development in the market of retreading tires and lack of infrastructure are expected to restrict the growth of the market during the forecast period. Moreover, rise in southeast Asian government initiatives to increase automotive component manufacturing, and advancement in technology are the factors anticipated to supplement the southeast Asian tire market growth.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ข๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/automotive-tire-market -
https://www.alliedmarketresearch.com/racing-tires-market
https://www.alliedmarketresearch.com/brazil-automotive-tire-market-A07485
https://www.alliedmarketresearch.com/tire-bead-wire-market
https://www.alliedmarketresearch.com/latin-america-and-caribbean-automotive-tire-market-A10400
David Correa
Allied Market Research
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