Malaysia tire
market registered sales of 17 million units of tires in 2017 and this volume is
projected to grow to 23.8 million units by 2023, exhibiting a CAGR of 5.8%
during the forecast period. Increasing vehicle fleet in passenger car,
commercial vehicle and two-wheeler segments in addition to high purchasing
power and raw material availability are among the key factors that would boost
sales of tires in Malaysia over the coming years. Moreover, presence of
production plants of leading global tire manufacturers such as Michelin,
Bridgestone, Goodyear, Continental Tyre, Toyo Tire, etc., in Malaysia is
expected to aid the country’s tire market during the forecast period.
Years considered for this report:
Historical
Years: 2013 - 2016
Base Year: 2017
Estimated Year: 2018
Forecast Period:
2019 - 2023
Objective
of the Study:
- To analyze and forecast Malaysia tire market size.
- To classify and forecast Malaysia tire market based on vehicle
type, demand category, radial vs bias, rim size, tire size and region.
- To identify drivers and challenges for Malaysia tire market.
- To examine competitive developments such as business growth
opportunities, new product development, mergers & acquisitions, etc., in
Malaysia tire market.
- To conduct pricing analysis for tire market in Malaysia.
- To identify and analyze the profile of leading players operating in
Malaysia tire market.
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Some of the top players operating
in Malaysia tire market include Goodyear Tire & Rubber Co., Michelin Malaysia
Sdn. Bhd, Continental Tyre PJ Malaysia Sdn Bhd, Bridgestone Tyre Sales
(Malaysia) Sdn. Bhd., Hankook
Tire, Toyo Tire & Rubber Co., Ltd., Pirelli & C. S.p.A., Maxxis
Tires Malaysia, Giti
Tire Pte. Ltd., Sumitomo Tires, etc.
To perform
the study, TechSci Research conducted primary as well as exhaustive secondary
research. Initially, TechSci Research prepared an exhaustive list of tire dealers
operating in the country. Subsequently, TechSci Research conducted primary
research surveys, which included primary calls, email responses, etc., with the
identified companies. While interviewing, the respondents were also asked about
their major competitors. Through this
technique, TechSci Research could include manufacturers which could not be
identified due to the limitations of secondary research. TechSci Research analyzed
product offerings, distribution channels, and regional presence of all major
tire suppliers across Malaysia.
TechSci Research calculated Malaysia tire market size using a bottom-up technique, wherein manufacturers’ volume sales data
for different applications, was recorded as
well as forecast for the future years. TechSci Research sourced these values from industry
experts and company representatives, and externally validated through analyzing
historical sales data of respective manufacturers to arrive at the overall
market size. Multiple secondary sources such as directories, databases such as OICA,
Malaysia Automotive Association (MAA), Economic Intelligence Unit (EIU), company
websites, company annual reports, white papers, investor presentations and
financial reports were also studied for Malaysia tire market research by
TechSci Research.
Key Target Audience:
- Tire manufacturers, distributors and other stakeholders
- Automobile OEMS
- Raw material suppliers
- Associations, organizations and alliances related to tires market
- Government bodies such as regulating authorities and policy makers
- Market research and consulting firms
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders such as tire manufacturers, distributors and other stakeholders. The study would also
help them to target the growing segments over the coming years, thereby aiding
the stakeholders in taking investment decisions and facilitating their
expansion.
Report Scope:
In this report, Malaysia tire market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
o
Passenger Cars
o
Medium & Heavy Commercial Vehicles
o
Light Commercial Vehicles
o
Off-the-Road
o
Two-Wheeler
- Market, by Radial vs Bias
- Market, by OEM vs
Replacement
- Market, by Rim Size
- Market, by Tire Size
- Market, by Region
o
West
o
East
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies operating in Malaysia tire
market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market players (up to
five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales
channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com