Market Insights & Analysis: Malaysia Two-wheeler Tire Market (2024-30)
Projected Growth: The Malaysia Two-wheeler Tire Market is poised to expand at a compound annual growth rate (CAGR) of approximately 5.46% from 2024 to 2030.
Comprehensive Overview of the Malaysia Two-wheeler Tire Market
Utilizing both primary and secondary research methodologies, the Malaysia Two-wheeler Tire Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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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.
Malaysia Two-wheeler Tire Market Segmentation
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 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 Sales Channel
-Online
-Direct Sales
-Multi Brand Stores
-Exclusive Outlets
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Key Players in the Malaysia Two-wheeler Tire Market
The report features major players 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
Regional Analysis
The report covers a comprehensive analysis of the Malaysia Two-wheeler Tire Market across various regions:
- East
- West
- South
- Central
- East Coast
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Key Questions Answered in the Malaysia Two-wheeler Tire Market Report
- Who are the major players in the Malaysia Two-wheeler Tire Market?
- Which region presents the most potential for the Malaysia Two-wheeler Tire Market?
- Which application area of the Malaysia Two-wheeler Tire Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Malaysia Two-wheeler Tire Market by the end of the forecast period?
- What are the growth prospects for the Malaysia Two-wheeler Tire Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Malaysia Two-wheeler Tire Market?
- What factors are expected to drive the growth of the Malaysia Two-wheeler Tire Market?
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