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2021
Southeast Asian Tire Market

Southeast Asian Tire Market by Type (Summer, Winter, and All-Season), Vehicle Type (Passenger Car, Commercial Vehicles, Electric Vehicles, Two-Wheelers, Three-Wheelers, and Off-Road Vehicles) and Rim Size (13 to 15, 16 to 18, 19 to 21, and More Than 21): Regional Opportunity Analysis and Industry Forecast, 2021–2030

A14286
Pages: 237
Nov 2021 | 279 Views
   
Author(s) : Mayank Halmare , Sonia Mutreja
Tables: 101
Charts: 68
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COVID-19

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Southeast Asian Tire Market Statistics 2030 -

The southeast Asian tire market was valued at $8.21 billion in 2020, and is projected to reach $14.48 billion by 2030, registering a CAGR of 6.1%. Thailand was the highest revenue contributor, accounting for $2.68 billion in 2020, and is estimated to reach $4.59 billion by 2030, with a CAGR of 5.8%.

The spread of the COVID-19 pandemic has had a detrimental influence on the Southeast Asian tire market due to travel restrictions and the expected weak financial performance of market players in 2020. The key risks for tire producers include supply chain execution, regulatory and policy changes, labor dependency, working capital management, and liquidity and solvency management. As a result of the COVID-19 outbreak, automotive component exports have been banned, massive industrial disruptions have been reported across Southeast Asia, and manufacturing companies in the major Southeast Asian countries have halted tire manufacturing operations. This has an impact on revenue streams committed to research and development, as well as the adoption of new technology such as all-season tires. Furthermore, in Southeast Asia, vehicle tire sales are inextricably related to automotive manufacturing and supply. Malaysian rubber production fell by 4.2% to 327.8 thousand tonnes in the first half of 2021, compared to 342.2 thousand tonnes in the same period of 2020. As a result, changes in the automotive industry's manufacturing and sales activities are expected to have an immediate impact on the total demand for the Southeast Asian tire market.

The automotive tire is an important component of any vehicle, since it ensures the driver and passengers' safety and comfort. The tire's primary duty is to protect the wheel rim and provide tractive force between the vehicle and the road surface. As it is made of rubber, it also provides a flexible cushion, lessening the impact of vibrations and absorbing the vehicle's shock. Tread, jointless cap heaps, beads, and additional components such as synthetic rubber, carbon black, and fabric make up a rubber tire. Automobile output ultimately determines tire demand.

Southeast-Asian-Tire-Market-2021-2030

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Due to the abundant availability of rubber and the rise in need for vehicle production to meet the spike in demand for automobiles across all segments, the demand for tires is increasing tremendously across Southeast Asia. The increased need for automotive tires has enticed major automakers to establish a presence in the region. For instance, Sumitomo Rubber Industries, Ltd. announced the development of a natural rubber procurement subsidiary in Singapore to manufacture tires in January 2020. Such developments are expected to provide profitable prospects for the Southeast Asian tire market during the forecast period.

The factors, such as high rubber production in the Southeast Asian region, and growing automotive exports, and rising passenger car sales, are expected to drive the Southeast Asian tire market. However, development in the market of retreading tires and lack of infrastructure are expected to restrict the growth of the market during the forecast period. Moreover, rise in southeast Asian government initiatives to increase automotive component manufacturing, and advancement in technology are the factors anticipated to supplement the southeast Asian tire market growth. 

The Southeast Asian tire market is segmented on the basis of type, vehicle type, rim size, and countries. Based on type, it is divided into summer, winter, and all-season. On the basis of vehicle type, it is divided into passenger cars, commercial vehicles, electric vehicles, two-wheelers, three-wheelers, and off-road vehicles. Based on rim size, it is segmented into 13 to 15, 16 to 18, 19 to 21, and more than 21. Country-wise it is analyzed across Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and the rest of Southeast Asia.

Key players, including Bridgestone Corporation, Continental AG, Dunlop Tires, PT Gajah Tunggal Tbk, Goodyear Tire, Hankook Tire & Technology Co., Ltd., Michelin, Pirelli & C. S.p.A, PT Multistrada Arah Sarana Tbk, Sumitomo Rubber Industries, Ltd., The Yokohama Rubber Co., Ltd., Inoac Corporation, PT. Suryaraya Rubberindo Industries, PT Tiga Berlian Mandiri, and others hold major Southeast Asian tire market share.

High rubber production in the Southeast Asian region

Thailand, Indonesia, Vietnam, and other growing economies constitute the Southeast Asian region. In recent years, these countries have seen a surge in the presence of international automobile component manufacturers. The abundant availability of rubber and cheap attracts international automotive tire manufacturers to setup their production facilities in the region. The demand for natural rubber in Southeast Asia will continue to push a departure from traditional farming techniques and toward rubber plantations. Thailand is the world's largest producer of natural rubber, accounting for 97% of global output, followed by Indonesia, Vietnam, and Malaysia. On-site production for foreign manufacturers is easier than exporting tires to Southeast Asia. Furthermore, Indonesia has a significant comparative advantage over other countries in this regard, owing to its enormous rubber-growing area. Thailand is the largest producer and exporter of natural rubber in the world, produces about 3 million tons a year, accounting for up to 40% of worldwide supply. Indonesia produced around 2.88 metric tons of rubber in 2020. Together with Thailand and Malaysia, Indonesia is a member of the International Tripartite Rubber Council. The rubber industry contributes an important role to Indonesia’s GDP. Several international businesses, including Lanxess of Germany, are establishing manufacturing facilities in Singapore and Thailand for expanding massive operations to manufacture sophisticated elastomers for tire manufacturing. Due to the region's booming tire manufacturing and the availability of raw materials from local refineries, multinational companies are expanding into Southeast Asia. More than labor costs, natural rubber is a crucial component of tire production. As a result, various major tire manufacturers, such as Bridgestone, Goodyear, Hankook, and Michelin, are established in the archipelago with state-of-the-art factories. S-SBR, which is used to produce tire treads, is a rubber technology that enables tire manufacturers to cater to the demands of fuel efficiency and wet traction. Demand for S-SBR is soaring, fuelled by rising concerns about energy conservation. High-performance tires with S-SBR treads are becoming more common as standard equipment on new automobiles. Gajah Tunggal, the country's largest tire maker, manufactured 43 million tires in 2018, according to its annual balance sheet. Bridgestone is the second-largest producer, with two factories in Bekasi and Karawang, both near Jakarta. Multistrada Arah Sarana (MAS), which exports 80% of its manufacturing, is also a major player in the market. The Southeast Asian tire business is booming due to the region's substantial rubber output.

Growing automotive exports and rising passenger car sales

Automobile production and manufacturing have increased dramatically in recent years, particularly in Thailand, Indonesia, Vietnam, and Malaysia. Thailand has long been recognized as Southeast Asia's primary vehicle manufacturer, and it has gained traction in the automobile export business. In 2018, the country manufactured 2 million vehicles, an increase of 8.7% from 2017, and exports more than half of its output to more than 100 countries, with just over 1 million vehicles sold domestically. While Thailand focuses on vehicle exports, Indonesia has a considerable domestic automobile market, fuelled by a growing middle class. The number of people buying cars in Indonesia is predicted to increase dramatically, with the majority of purchases taking place in the country's cities, particularly Jakarta. By the end of 2018, car sales had increased by 6% to slightly over 1.3 million vehicles, with 346,000 units shipped to countries such as the Philippines, Saudi Arabia, and Vietnam. Indonesia exports approximately 70% passenger vehicle tires and 30% motorcycle tires produced in the country to over 70 nations throughout the globe. Due to fast industrialization, the automobile industry in Southeast Asia has recently experienced tremendous growth, resulting in an increase in the sale of commercial vehicles such as trucks, tractors, and trailers throughout the region. Furthermore, as people's disposable money rises and their standard of living improves, the sale of luxury passenger vehicles and premium segment motorcycles also witnesses a rise. In addition, during the projected period, electric vehicle sales are expected to rise across the region. Electric vehicle sales are further boosted by lower prices for parts such as batteries, transmissions, and alternators. As a result, an increase in consumer demand for vehicles across all segments leads to an increase in the manufacturing of automobiles and the tires that are associated with the vehicles. For instance, Thailand, Vietnam, Indonesia, and the Philippines, have a thriving transport and logistics industry. Southeast Asian trade volumes have risen considerably in recent years as a result of the deregulation of imports and exports as well as large inflows of foreign direct investment. The booming automotive exports and passenger car sales further fuels the growth of the automotive tires in the region. The availability of a low-cost, highly skilled labor population has resulted in the region's economic activity developing at a quick pace.

Southeast Asian Tire Market
By Type

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Summer is projected as the most lucrative segment

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According to a recent announcement by the Vietnamese government in February 2021, the logistics industry is expected to experience growth by 15-20% in the next five years, and Vietnam is seeking to boost the contribution of logistics services in its gross domestic product to 5-6 % by 2025. Moreover, according to data provided by the Indonesia Economic Forum in 2019, the Indonesian logistic market revenue is estimated to reach $300.3 billion by 2024, presenting lucrative potential for the Southeast Asia tire market.

Southeast Asian Tire Market
By Vehicle type

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Electric Vehicle is projected as the most lucrative segment

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Development in the market of retreading tires

The process of retreading involves replacing the tread on old tires. It's also known as a recap or remold, and it's the process of re-manufacturing tires. When compared to the creation of a new tire, the re-manufacturing procedure of the tire spares a large quantity of material. As a result, the material prices for this procedure are lower. Furthermore, when compared to constructing a new one, it helps save a significant amount of money on tire and material costs. Retreading is far less expensive and environment-friendly than buying a new set of tires because the labor and costs are much lower. One tire may be retreaded up to ten times, thus prolonging its service life and conserving limitless quantities of oil in the manufacturing process as well as lowering carbon emissions and landfill waste. When it comes to businesses with large fleets of vehicles, the savings can be significant. The tire manufacturing business has seen a lot of progress over the years all around the world. Premium technologies are used to create high-quality tires that will work flawlessly not only in their first life, but also in their second, third, and even fourth lives. Stronger tire casings, improved re-manufacturing procedures, and high-quality rubber compounds are being used in the growing retreaded tire business. OEMs' aftermarket costs are directly reduced by retreading. The rise of the retreading tire market is due to factors such as the availability of less expensive tire brands and the discomfort of the roads. Furthermore, the demand for retreaded tires is accelerated by a significant increase in tire prices due to high production costs. Retreading gives tires a fresh chance at life, and it can be done two to three times depending on the tire's condition. This stimulates the retreading tire market, limiting the growth of the Southeast Asia tire market.

Southeast Asian Tire Market
By Rim Size

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16 to 18 is projected as the most lucrative segment

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Rise in Southeast Asian government initiatives to increase automotive component manufacturing

Various incentives have been offered by the governments of Southeast Asian countries to help the region's automobile industry thrive. Tax incentives of up to 300% for conducting R&D and 200% for engaging in vocational activities are among these incentives. In addition, governments of these countries are encouraging the export of locally manufactured sophisticated automotive technology. For instance, in June 2019, Vietnam signed the European Union-Vietnam Free Trade Agreement (EVFTA), which eliminates 71% of levies on Vietnamese exports, including automobiles and automobile parts. The EVFTA, when combined with Vietnam's cheap production costs, may encourage certain automotive and component manufacturers to migrate from other countries to Vietnam. Furthermore, to support local manufacturing industries, Southeast Asian governments are imposing taxes and regulations on the import of automobiles and car components. For instance, Malaysia continues to levy excise rates ranging from 75% to 105% on any passenger cars from ASEAN that are not new energy vehicles(NEV) and do not have local content. Thailand, however, continues to impose a duty of 80% and excise taxes of up to 50% on new non-NEV cars imported. According to the Indonesian Association of Tire Manufacturers, or APBI, up to 40% of all tire imports fail to meet national product standards. Moreover, increased government initiatives in the region to adopt safe and environment-friendly domestically manufactured automotive technologies provide an opportunity for the Southeast Asian tire market to expand.

Southeast Asian Tire Market
By Country

2030
Thailand 
Indonesia
Malaysia
Philippines
Vietnam
Rest Of Southeast Asia

Vietnam would exhibit the highest CAGR of 7.3% during 2021-2030.

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COVID-19 Impact Analysis 

  • The impact of COVID-19 on the Southeast Asian tire market is unclear and it is expected to remain restricted until the second quarter of 2021. 
  • To prevent spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory. Consequently, several organPneizations began work from home programs as precautionary measure. This led to a sudden fall in nd for automobiles.
  • Moreover, nationwide lockdowns disrupted the supply chain as several manufacturing facilities across the globe were forced to partially or completely shut down their operations.
  • The adverse impacts of the COVID-19 pandemic resulted in massive supply-demand challenges across the globe.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the Southeast Asian tire analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall Southeast Asian tire market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to benchmark financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Type

  • Summer
  • Winter
  • All Seasons 

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • Electric Vehicles
  • Two-Wheelers
  • Three-Wheelers
  • Off-Road Vehicles

By Rim Size

  • 13 to 15
  • 16 to 18
  • 19 to 21
  • More than 21

By Country

  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Rest of Southeast Asia

Key Players

  • Bridgestone Corporation
  • Continental AG
  • Dunlop Tires
  • PT Gajah Tunggal Tbk
  • Goodyear Tire
  • Hankook Tire & Technology Co., Ltd.
  • Michelin
  • Pirelli & C. S.p.A
  • PT Multistrada Arah Sarana Tbk
  • Sumitomo Rubber Industries, Ltd.
  • The Yokohama Rubber Co., Ltd.
  • Inoac Corporation
  • PT. Suryaraya Rubberindo Industries
  • PT Tiga Berlian Mandiri
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Key player positioning, 2020
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.High rubber production in the Southeast Asian region
3.5.1.2.Growth in automotive exports and rise in passenger car sales

3.5.2.Restraints

3.5.2.1.Development in the market of retreading tires
3.5.2.2.Lack of infrastructure

3.5.3.Opportunities

3.5.3.1.Rise in Southeast Asian government initiatives to increase automotive component manufacturing
3.5.3.2.Advancement in Technology

3.6.COVID-19 impact analysis

3.6.1.Evolution of outbreak
3.6.2.Micro economic impact analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.Impact on industry analysis

CHAPTER 4:SOUTHEAST ASIAN TIRE MARKET, BY TYPE

4.1.Overview
4.2.Summer

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by Country
4.2.3.Market analysis, by country

4.3.Winter

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by Country
4.3.3.Market analysis, by country

4.4.All Season

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by Country
4.4.3.Market analysis, by country

CHAPTER 5:SOUTHEAST ASIAN TIRE MARKET, BY VEHICLE TYPE

5.1.Overview
5.2.Passenger Cars

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by Country
5.2.3.Market analysis, by country

5.3.Commercial vehicles

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by Country
5.3.3.Market analysis, by country

5.4.Electric vehicles

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by Country
5.4.3.Market analysis, by country

5.5.Two-wheelers

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by Country
5.5.3.Market analysis, by country

5.6.Three-Wheelers

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by Country
5.6.3.Market analysis, by country

5.7.Off-Road vehicles

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by Country
5.7.3.Market analysis, by country

CHAPTER 6:SOUTHEAST ASIAN TIRE MARKET, BY RIM SIZE

6.1.Overview
6.2.13 to 15

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Country
6.2.3.Market analysis, by country

6.3.16 to 18

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Country
6.3.3.Market analysis, by country

6.4.19 to 21

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by Country
6.4.3.Market analysis, by country

6.5.More Than 21

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by Country
6.5.3.Market analysis, by country

CHAPTER 7:SOUTHEAST ASIAN TIRE MARKET, BY COUNTRY

7.1.Overview
7.2.Indonesia

7.2.1.Market size and forecast, by Type
7.2.2.Market size and forecast, by Vehicle Type
7.2.3.Market size and forecast, by Rim Size

7.3.Malaysia

7.3.1.Market size and forecast, by Type
7.3.2.Market size and forecast, by Vehicle Type
7.3.3.Market size and forecast, by Rim Size

7.4.Philippines

7.4.1.Market size and forecast, by Type
7.4.2.Market size and forecast, by Vehicle Type
7.4.3.Market size and forecast, by Rim Size

7.5.Thailand

7.5.1.Market size and forecast, by Type
7.5.2.Market size and forecast, by Vehicle Type
7.5.3.Market size and forecast, by Rim Size

7.6.Vietnam

7.6.1.Market size and forecast, by Type
7.6.2.Market size and forecast, by Vehicle Type
7.6.3.Market size and forecast, by Rim Size

7.7.Rest of Southeast Asia

7.7.1.Market size and forecast, by Type
7.7.2.Market size and forecast, by Vehicle Type
7.7.3.Market size and forecast, by Rim Size

CHAPTER 8:COMPANY PROFILES

8.1.BRIDGESTONE CORPORATION

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Product portfolio
8.1.5.R&D expenditure
8.1.6.Business performance
8.1.7.Key strategic moves and developments
8.1.8.SWOT Analysis

8.2.CONTINENTAL AG

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.R&D expenditure
8.2.7.Business performance
8.2.8.Key strategic moves and developments
8.2.9.SWOT Analysis

8.3.DUNLOP TIRES

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Product portfolio
8.3.5.SWOT Analysis

8.4.HANKOOK TIRE & TECHNOLOGY CO., LTD.

8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Product portfolio
8.4.5.R&D expenditure
8.4.6.Business performance
8.4.7.Key strategic moves and developments
8.4.8.SWOT Analysis

8.5.INOAC CORPORATION

8.5.1.Company overview
8.5.2.Key executives
8.5.3.Company snapshot
8.5.4.Product portfolio
8.5.5.SWOT Analysis

8.6.MICHELIN

8.6.1.Company overview
8.6.2.Key executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business performance
8.6.7.Key strategic moves and developments
8.6.8.SWOT Analysis

8.7.PIRELLI & C. S.P.A.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.7.4.R&D expenditure
8.7.5.Business performance
8.7.6.Key strategic moves and developments
8.7.7.SWOT Analysis

8.8.PT GAJAH TUNGGAL TBK

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business performance
8.8.7.SWOT Analysis

8.9.PT MULTISTRADA ARAH SARANA TBK

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.SWOT Analysis

8.10.PT. SURYARAYA RUBBERINDO INDUSTRIES

8.10.1.Company overview
8.10.2.Key executives
8.10.3.Company snapshot
8.10.4.Product portfolio
8.10.5.Key strategic moves and developments
8.10.6.SWOT Analysis

8.11.PT TIGA BERLIAN MANDIRI

8.11.1.Company overview
8.11.2.Key executives
8.11.3.Company snapshot
8.11.4.Product portfolio
8.11.5.SWOT Analysis

8.12.SUMITOMO RUBBER INDUSTRIES, LTD.

8.12.1.Company overview
8.12.2.Key executives
8.12.3.Company snapshot
8.12.4.Operating business segments
8.12.5.Product portfolio
8.12.6.Business performance
8.12.7.Key strategic moves and developments
8.12.8.SWOT Analysis

8.13.THE GOODYEAR TIRE

8.13.1.Company overview
8.13.2.Key executives
8.13.3.Company snapshot
8.13.4.Operating business segments
8.13.5.Product portfolio
8.13.6.R&D expenditure
8.13.7.Business performance
8.13.8.Key strategic moves and developments
8.13.9.SWOT Analysis

8.14.THE YOKOHAMA RUBBER CO., LTD.

8.14.1.Company overview
8.14.2.Key executives
8.14.3.Company snapshot
8.14.4.Operating business segments
8.14.5.Product portfolio
8.14.6.R&D expenditure
8.14.7.Business performance
8.14.8.Key strategic moves and developments
8.14.9.SWOT Analysis

LIST OF TABLES

TABLE 01.SOUTHEAST ASIAN TIRE MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 02.SOUTHEAST ASIAN TIRE MARKET FOR SUMMER, BY COUNTRY 2020-2030 ($MILLION)
TABLE 03.SOUTHEAST ASIAN TIRE MARKET FOR WINTER, BY COUNTRY 2020-2030 ($MILLION)
TABLE 04.SOUTHEAST ASIAN TIRE MARKET FOR ALL SEASON, BY COUNTRY 2020-2030 ($MILLION)
TABLE 05.SOUTHEAST ASIAN TIRE MARKET, BY VEHICLE TYPE, 2020-2030 ($MILLION)
TABLE 06.SOUTHEAST ASIAN TIRE MARKET FOR PASSENGER CARS, BY COUNTRY 2020-2030 ($MILLION)
TABLE 07.SOUTHEAST ASIAN TIRE MARKET FOR COMMERCIAL VEHICLES, BY COUNTRY 2020-2030 ($MILLION)
TABLE 08.SOUTHEAST ASIAN TIRE MARKET FOR ELECTRIC VEHICLES, BY COUNTRY 2020-2030 ($MILLION)
TABLE 09.SOUTHEAST ASIAN TIRE MARKET FOR TWO-WHEELERS, BY COUNTRY 2020-2030 ($MILLION)
TABLE 10.SOUTHEAST ASIAN TIRE MARKET FOR THREE-WHEELERS, BY COUNTRY 2020-2030 ($MILLION)
TABLE 11.SOUTHEAST ASIAN TIRE MARKET FOR OFF-ROAD VEHICLES, BY COUNTRY 2020-2030 ($MILLION)
TABLE 12.SOUTHEAST ASIAN TIRE MARKET, BY RIM SIZE, 2020-2030 ($MILLION)
TABLE 13.SOUTHEAST ASIAN TIRE MARKET FOR 13 TO 15, BY COUNTRY 2020-2030 ($MILLION)
TABLE 14.SOUTHEAST ASIAN TIRE MARKET FOR 16 TO 18, BY COUNTRY 2020-2030 ($MILLION)
TABLE 15.SOUTHEAST ASIAN TIRE MARKET FOR 19 TO 21, BY COUNTRY 2020-2030 ($MILLION)
TABLE 16.SOUTHEAST ASIAN TIRE MARKET FOR MORE THAN 21, BY COUNTRY 2020-2030 ($MILLION)
TABLE 17.SOUTHEAST ASIAN TIRE MARKET, BY COUNTRY 2020–2030 ($MILLION)
TABLE 18.INDONESIA TIRE MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 19.INDONESIA TIRE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 20.INDONESIA TIRE MARKET, BY RIM SIZE, 2020–2030 ($MILLION)
TABLE 21.MALAYSIA TIRE MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 22.MALAYSIA TIRE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 23.MALAYSIA TIRE MARKET, BY RIM SIZE, 2020–2030 ($MILLION)
TABLE 24.PHILIPPINES TIRE MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 25.PHILIPPINES TIRE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 26.PHILIPPINES TIRE MARKET, BY RIM SIZE, 2020–2030 ($MILLION)
TABLE 27.THAILAND TIRE MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 28.THAILAND TIRE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 29.THAILAND TIRE MARKET, BY RIM SIZE, 2020–2030 ($MILLION)
TABLE 30.VIETNAM TIRE MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 31.VIETNAM TIRE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 32.VIETNAM TIRE MARKET, BY RIM SIZE, 2020–2030 ($MILLION)
TABLE 33.REST OF SOUTHEAST ASIA SOUTHEAST ASIAN TIRE MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 34.REST OF SOUTHEAST ASIA SOUTHEAST ASIAN TIRE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 35.REST OF SOUTHEAST ASIA SOUTHEAST ASIAN TIRE MARKET, BY RIM SIZE, 2020–2030 ($MILLION)
TABLE 36.BRIDGESTONE CORPORATION: KEY EXECUTIVES
TABLE 37.BRIDGESTONE CORPORATION: COMPANY SNAPSHOT
TABLE 38.BRIDGESTONE CORPORATION: PRODUCT PORTFOLIO
TABLE 39.BRIDGESTONE CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 40.BRIDGESTONE CORPORATION: NET SALES, 2018–2020 ($MILLION)
TABLE 41.CONTINENTAL AG: KEY EXECUTIVES
TABLE 42.CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 43.CONTINENTAL AG: OPERATING SEGMENTS
TABLE 44.CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 45.CONTINENTAL AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 46.CONTINENTAL AG: NET SALES, 2018–2020 ($MILLION)
TABLE 47.DUNLOP TIRES: KEY EXECUTIVES
TABLE 48.DUNLOP TIRES: COMPANY SNAPSHOT
TABLE 49.DUNLOP TIRES: PRODUCT PORTFOLIO
TABLE 50.HANKOOK TIRE & TECHNOLOGY CO., LTD.: KEY EXECUTIVE
TABLE 51.HANKOOK TIRE & TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 52.LEAR CORPORATION: PRODUCT PORTFOLIO
TABLE 53.HANKOOK TIRE & TECHNOLOGY CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 54.HANKOOK TIRE & TECHNOLOGY CO., LTD.: NET SALES, 2018–2020 ($MILLION)
TABLE 55.HANKOOK TIRE & TECHNOLOGY CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 56.INOAC CORPORATION: KEY EXECUTIVE
TABLE 57.INOAC CORPORATION: COMPANY SNAPSHOT
TABLE 58.INOAC CORPORATION: PRODUCT PORTFOLIO
TABLE 59.MICHELIN: KEY EXECUTIVE
TABLE 60.MICHELIN: COMPANY SNAPSHOT
TABLE 61.MICHELIN: OPERATING SEGMENTS
TABLE 62.MICHELIN: PRODUCT PORTFOLIO
TABLE 63.MICHELIN.: NET SALES, 2018–2020 ($MILLION)
TABLE 64.PIRELLI & C. S.P.A.: KEY EXECUTIVES
TABLE 65.PIRELLI & C. S.P.A.: COMPANY SNAPSHOT
TABLE 66.PIRELLI & C. S.P.A.: PRODUCT PORTFOLIO
TABLE 67.PIRELLI & C. S.P.A.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 68.PIRELLI & C. S.P.A.: NET SALES, 2018–2020 ($MILLION)
TABLE 69.PT GAJAH TUNGGAL TBK: KEY EXECUTIVES
TABLE 70.PT GAJAH TUNGGAL TBK: COMPANY SNAPSHOT
TABLE 71.PT GAJAH TUNGGAL TBK: OPERATING SEGMENTS
TABLE 72.PT GAJAH TUNGGAL TBK: PRODUCT PORTFOLIO
TABLE 73.PT GAJAH TUNGGAL TBK: NET SALES, 2018–2020 ($MILLION)
TABLE 74.PT MULTISTRADA ARAH SARANA TBK: KEY EXECUTIVES
TABLE 75.PT MULTISTRADA ARAH SARANA TBK: COMPANY SNAPSHOT
TABLE 76.PT MULTISTRADA ARAH SARANA TBK: PRODUCT PORTFOLIO
TABLE 77.PT MULTISTRADA ARAH SARANA TBK: NET SALES, 2018–2020 ($MILLION)
TABLE 78.PT. SURYARAYA RUBBERINDO INDUSTRIES: KEY EXECUTIVE
TABLE 79.PT. SURYARAYA RUBBERINDO INDUSTRIES: COMPANY SNAPSHOT
TABLE 80.PT. SURYARAYA RUBBERINDO INDUSTRIES: PRODUCT PORTFOLIO
TABLE 81.PT TIGA BERLIAN MANDIRI: KEY EXECUTIVE
TABLE 82.PT TIGA BERLIAN MANDIRI: COMPANY SNAPSHOT
TABLE 83.PT TIGA BERLIAN MANDIRI: PRODUCT PORTFOLIO
TABLE 84.SUMITOMO RUBBER INDUSTRIES, LTD.: KEY EXECUTIVE
TABLE 85.SUMITOMO RUBBER INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 86.ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 87.SUMITOMO RUBBER INDUSTRIES, LTD.: PRODUCT PORTFOLIO
TABLE 88.SUMITOMO RUBBER INDUSTRIES, LTD.: NET SALES, 2018–2020 ($MILLION)
TABLE 89.THE GOODYEAR TIRE & RUBBER COMPANY: KEY EXECUTIVE
TABLE 90.THE GOODYEAR TIRE & RUBBER COMPANY: COMPANY SNAPSHOT
TABLE 91.THE GOODYEAR TIRE & RUBBER COMPANY: OPERATING SEGMENTS
TABLE 92.THE GOODYEAR TIRE & RUBBER COMPANY: PRODUCT PORTFOLIO
TABLE 93.THE GOODYEAR TIRE & RUBBER COMPANY: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 94.THE GOODYEAR TIRE & RUBBER COMPANY: NET SALES, 2018–2020 ($MILLION)
TABLE 95.THE GOODYEAR TIRE & RUBBER COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 96.THE YOKOHAMA RUBBER CO., LTD.: KEY EXECUTIVES
TABLE 97.THE YOKOHAMA RUBBER CO., LTD.: COMPANY SNAPSHOT
TABLE 98.THE YOKOHAMA RUBBER CO., LTD.: OPERATING SEGMENTS
TABLE 99.THE YOKOHAMA RUBBER CO., LTD.: PRODUCT PORTFOLIO
TABLE 100.THE YOKOHAMA RUBBER CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 101.THE YOKOHAMA RUBBER CO., LTD.: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018-2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021*
FIGURE 09.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.SOUTHEAST ASIAN TIRE MARKET SHARE, BY TYPE, 2020–2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR SUMMER, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR WINTER, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR ALL SEASON, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.SOUTHEAST ASIAN TIRE MARKET SHARE, BY VEHICLE TYPE, 2020–2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR PASSENGER CARS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR COMMERCIAL VEHICLES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR ELECTRIC VEHICLES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR TWO-WHEELERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR THREE-WHEELERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR OFF-ROAD VEHICLES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.SOUTHEAST ASIAN TIRE MARKET SHARE, BY RIM SIZE, 2020–2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR 13 TO 15, BY COUNTRY, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR 16 TO 18, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR 19 TO 21, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF SOUTHEAST ASIAN TIRE MARKET FOR MORE THAN 21, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.SOUTHEAST ASIAN TIRE MARKET, BY COUNTRY, 2020-2030 (%)
FIGURE 32.INDONESIA TIRE MARKET, 2020–2030 ($MILLION)
FIGURE 33.MALAYSIA TIRE MARKET, 2020–2030 ($MILLION)
FIGURE 34.PHILIPPINES TIRE MARKET, 2020–2030 ($MILLION)
FIGURE 35.THAILAND TIRE MARKET, 2020–2030 ($MILLION)
FIGURE 36.VIETNAM TIRE MARKET, 2020–2030 ($MILLION)
FIGURE 37.REST OF SOUTHEAST ASIA TIRE MARKET, 2020–2030 ($MILLION)
FIGURE 38.BRIDGESTONE CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 39.BRIDGESTONE CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 40.BRIDGESTONE CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 41.CONTINENTAL AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 42.CONTINENTAL AG: NET SALES, 2018–2020 ($MILLION)
FIGURE 43.CONTINENTAL AG: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 44.CONTINENTAL AG: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 45.HANKOOK TIRE & TECHNOLOGY CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 46.HANKOOK TIRE & TECHNOLOGY CO., LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 47.MICHELIN: REVENUE, 2018–2020 ($MILLION)
FIGURE 48.MICHELIN: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 49.MICHELIN: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 50.PIRELLI & C. S.P.A.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 51.PIRELLI & C. S.P.A.: NET SALES, 2018–2020 ($MILLION)
FIGURE 52.PIRELLI & C. S.P.A.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 53.PT GAJAH TUNGGAL TBK: NET SALES, 2018–2020 ($MILLION)
FIGURE 54.PT GAJAH TUNGGAL TBK: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.PT GAJAH TUNGGAL TBK: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.PT MULTISTRADA ARAH SARANA TBK: NET SALES, 2018–2020 ($MILLION)
FIGURE 57.PT MULTISTRADA ARAH SARANA TBK: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58.SUMITOMO RUBBER INDUSTRIES, LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 59.SUMITOMO RUBBER INDUSTRIES, LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 60.SUMITOMO RUBBER INDUSTRIES, LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 61.THE GOODYEAR TIRE & RUBBER COMPANY: R&D EXPENDITURE, 2018–2020 ($MILLION
FIGURE 62.THE GOODYEAR TIRE & RUBBER COMPANY: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.THE GOODYEAR TIRE & RUBBER COMPANY: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.THE GOODYEAR TIRE & RUBBER COMPANY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 65.THE YOKOHAMA RUBBER CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 66.THE YOKOHAMA RUBBER CO., LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 67.THE YOKOHAMA RUBBER CO., LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 68.THE YOKOHAMA RUBBER CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)

 
 

The Southeast Asian tire market is expected to witness significant growth, due to rise in production and sales of automobiles across Southeast Asia.

According to leading CXOs, automotive tire manufacturers are concentrating on providing innovative, lightweight, and long-lasting tires. The automotive tire market is expected to grow at a remarkable rate in the future, owing to the booming e-commerce and logistics industries in Southeast Asia. The need for automotive tires is being driven by increasing vehicle production operations across Southeast Asia. Global automobile production, on the other hand, has declined in the last two years, and the COVID-19 pandemic has pushed back global automotive manufacturing until 2020. In addition, rising passenger car sales are expected to increase the demand for automobile tires in Southeast Asia in the near future.

To deal with the changing demand scenarios, market participants are entering into contracts and agreements to secure long-term commercial opportunities. In addition, market participants are continuously focusing on product development efforts to match changing end-user requirements and improve vehicle operational efficiency. Southeast Asia is predicted to have a tremendous increase in automotive tire production activities due to abundant raw material availability, a cost-effective workforce, and government attempts to encourage manufacturing activities. Due to the abundance of rubber in the countries, Thailand and Indonesia are expected to be the most attractive markets for the Southeast Asian tire market.

Furthermore, the Southeast Asian tire market is segmented on the basis of type, vehicle type, rim size, and country. Based on type, it is divided into summer, winter, and all-season. On the basis of vehicle type, it is divided into passenger cars, commercial vehicles, electric vehicles, two-wheelers, three-wheelers, and off-road vehicles. Based on rim size, it is segmented into 13 to 15, 16 to 18, 19 to 21, and more than 21. Country-wise, it is analyzed across Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and the rest of Southeast Asia.

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A. The Southeast Asian tire market is projected to reach $14,476.8 million by 2030, registering a CAGR of 6.1%.

A. Thailand accounts for 32.6% share of Southeast Asian tire market.

A. The report sample for Southeast Asian tire market report can be obtained on demand from the website.

A. The Southeast Asian tire market was valued at $8,210.9 million in 2020.

A. High rubber production in the Southeast Asian region, and advancement in technology are the known and unknown adjacencies impacting the Southeast Asian tire market.

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. The two wheeler and passenger car segments collectively accounted for around 59.7% market share in 2020, with the former constituting around 34.7% share.

A. Bridgestone Corporation is a prominent tire manufacturer in Southeast Asia.

A. As per AMR analysis, leading tire manufacturing companies in Southeast Asian region are Bridgestone Corporation, Continental AG, Dunlop Tires, Suryaraya Rubberindo Industries, and Goodyear Tire, among others.

A. The all-season tire has huge demand in Southeast Asia.

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