Southeast Asia Automotive Tire Market Size- By Type, By Vehicle Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Southeast Asia Automotive Tire Market Size- By Type, By Vehicle Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Southeast Asia Automotive Tire Market Introduction and Overview

According to SPER Market Research, ‘Southeast Asia Automotive Tire Market Size- By Type, By Vehicle Type, By End Use, – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Southeast Asia Automotive Tire Market is estimated to reach USD 5.47 billion by 2033 with a CAGR of 6.01%.

Automotive tires, which offer traction, support, and cushioning, are crucial parts of automobiles. Usually, steel belts and other reinforcements are used to reinforce rubber compounds used in their construction. The tread pattern of tires is made to grab the road, minimizing slippage and guaranteeing good handling. In addition, they safeguard the vehicle’s suspension and improve ride comfort by absorbing shocks from uneven terrain.

The COVID-19 pandemic had a major effect on the vehicle tire market in Southeast Asia, resulting in decreased tire usage as a result of hampered supply chains, fewer cars being made, and lower consumer spending. Pent-up demand, government stimulus plans, and a greater emphasis on personal mobility, however, sparked a gradual market rebound as the pandemic situation improved. These elements demonstrated the industry’s adaptability and tenacity in the face of the crisis and helped it restore pace.

Scope of the Report:

Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Vehicle Type, By End-User.
Regions covered Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, Rest of Southeast Asia.
Companies Covered Bridgestone Sales (Thailand) Co. Ltd., Continental AG, Hankook Tire & Technology Co. Ltd., Kumho Tire Co. Inc., Maxxis International, Michelin, Pirelli & C. S.p.A., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co. Ltd., Toyo Tire Corporation, Others.

Southeast Asia Automotive Tire Market Segmentation:

By Type:Based on the Type, Southeast Asia Automotive Tire Market is segmented as; Radial, Bias.

By Vehicle Type: Based on the Vehicle Type, Southeast Asia Automotive Tire Market is segmented as; Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two Wheelers, Off-the-road.

By End-User:Based on the End-User, Southeast Asia Automotive Tire Market is segmented as; OEM, Aftermarket.

By Region:This research also includes data for Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, Rest of Southeast Asia.