Overview of the Malaysia Two-wheeler Tire Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Malaysia Two-wheeler Tire Market 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), 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 report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Malaysia Two-wheeler Tire Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 5.46%
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Malaysia Two-wheeler Tire Market Trend:
Government Policies & Initiatives for Promoting the Use of Electric Two-wheelers to Strongly Contribute to Tire Sales – The Electric Vehicle (EV) Market is rapidly increasing in the country due to government support & initiatives. To promote the growth of EVs in the country, Malaysia’s Ministry of Investment, Trade and Investment (MITI) Introduced the battery Electric Vehicle Global Leader Initiative (BEV GLI). This BEC GLI program allows foreign companies to sell their car in Malaysia without Approved Permit (AP) rules, thus making imported vehicles cheaper. This initiative aims to help boost EV demand in the local market and further promote the demand for tires in the country, boosting the Malaysia Two-wheeler Tire Market share.
A Comprehensive Analysis of Leading Companies of Malaysia Two-wheeler Tire Market by MarkNtel Advisors:
- Bridgestone Tyre Sales (Malaysia) Sdn Bhd
- Continental Tyre PJ Malaysia Sdn Bhd
- Michelin Siam Co., Ltd
- Pirelli Tires SpA
- Maxxis Tyres
- Kenda Tires
- Inoue Rubber Co., Ltd.
- Vee Rubber Co. Ltd.
- TVS Srichakra Limited
- Yokohama TWS
Key Malaysia Two-wheeler Tire Market Segmentation:
-By Demand Type
- OEM
- Replacement
The Replacement tire segment is predicted to account for the potential share of the Malaysia Two-wheeler Tire Market in the projected years.
-By Tire Type
- Radial
- Bias
In the Malaysia Two-wheeler Tire Market, the Radial tire type has gained significant consumer preference in the motorcycle industry over the years.
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/malaysia-two-wheeler-tire-market.html
-By Vehicle Type
- Scooter and Moped
- Motorcycle
-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 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
Geographical Analysis
-By Region
- East
- West
- South
- Central
- East Coast
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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