Exploring the Malaysia Two-wheeler Tire Market: Insights, Drivers, and Key Players

Market Introduction

The Malaysia Two-wheeler Tire market has emerged as a crucial sector in the  economy, influencing various industries and consumer behaviors. As technological advancements and innovative solutions continue to shape this market, understanding its dynamics becomes essential for stakeholders, investors, and businesses.

Market Insights

In recent years, the Malaysia Two-wheeler Tire market has witnessed significant growth due to several factors. The market's expansion can be attributed to increased demand for efficient solutions, technological innovations, and the rising awareness of sustainable practices. 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.

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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.

Market Segmentation

The Malaysia Two-wheeler Tire market can be segmented based on several criteria, including:

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

Geography:

The market is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each with unique market dynamics and growth opportunities.

By Region

-East

-West

-South

-Central

-East Coast

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Key Players

Several key players dominate the Malaysia Two-wheeler Tire market, contributing to its growth and innovation. Some of the prominent companies in the market include:

• 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

Conclusion

The Malaysia Two-wheeler Tire market is set to experience substantial growth in the coming years, driven by technological advancements, rising consumer demand, sustainability initiatives, and government support. Understanding the market's key drivers, segmentations, and key players is crucial for businesses and investors looking to capitalize on the opportunities in this dynamic market. As the Malaysia Two-wheeler Tire market continues to evolve, staying informed and adaptable will be key to success in this rapidly changing landscape.

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