Southeast Asian Tire Market Top Winning Strategies By 2030

1. Southeast Asian Tire Market Expected to Reach $14.48 Billion by 2030

2. Southeast Asian Tire Market by Component Global 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. Thailand led the southeast Asian tire market share in 2020 and is expected to grow at a significant rate during the forecast period due to the wide presence of automotive manufacturers across the country. Browse Complete Report

3. Southeast Asian Tire Market by Component Global The booming automotive fleet, growing middle-income population, expanding transportation infrastructure, and rising automotive exports in Southeast Asian countries have all contributed to strong increase in tire production across the region in recent years. Furthermore, the development of several export hubs in the region offers a promising opportunity for automobile tire manufacturers to expand their production capacities. REQUEST SAMPLE

4. Southeast Asian Tire Market by Component Global 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.

5. Southeast Asian Tire Market by Component Global Key Benefits •By type, the summer segment is expected to register significant growth during the forecast period. •On the basis of vehicle type, the two wheeler segment is projected to lead the overall market in terms of market share by the end of the forecast period. •Depending on rim size, the 16 to 18 segment is expected to register significant CAGR during the forecast period. •Thailand dominated the market in 2020, and is projected to lead the market growth and maintain its dominance in the southeast Asian tire market. Connect Analyst

6. Southeast Asian Tire Market by Component Global Southeast Asian Tire Market Key Segments: By Region •North America • • • •Europe • • • • • •Asia-Pacific • • • • • •LAMEA • • • U.S. Canada Mexico UK Germany France Russia Rest of Europe China Japan India Australia Rest of Asia-Pacific Latin America Middle East Africa

7. Southeast Asian Tire Market by Component Global Segment Overview 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. 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.

8. Southeast Asian Tire Market by Component Global Key players profiled in the report include PT. SURYARAYA RUBBERINDO INDUSTRIES RIDGESTONE CORPORATION CONTINENTAL AG PT MULTISTRADA ARAH SARANA TBK DUNLOP TIRES PIRELLI & C. S.P.A THE GOODYEAR TIRE SUMITOMO RUBBER INDUSTRIES, LTD PT GAJAH TUNGGAL TBK, THE YOKOHAMA RUBBER CO., LTD HANKOOK TIRE & TECHNOLOGY CO., LTD PT TIGA BERLIAN MANDIRI MICHELIN INOAC CORPORATION

9. Southeast Asian Tire Market by Component Global Contact: Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446- 1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Purchase enquiry ttps://www.alliedmarketresearch.com/purchase-enquiry/2095