The South East Asia Tire Market is projected to grow by around 8% CAGR during the forecast period, i.e., 2021-26, cites a recent research study conducted by MarkNtel Advisors. The key highlights of the research report include the industry growth drivers, restraints, opportunities, trends, & extensive insights into the market dynamics amidst the Covid-19 crisis. Besides, a thorough analysis of the South East Asia Tire Market across various segments, countries, and leading competitors has also been added to the study.
The study provides a predictable market size for 2021 based on demand and price analysis. The report forecasts the South East Asia Tire market size to 2026 in both the short and long term. The COVID-19 pandemic has had an unfavorable influence on various markets, where small and medium-sized firms are struggling to stay afloat in the short term.
The mergers and acquisitions is also boosting the growth of tire industry in the region. In 2019, Michelin acquired Indonesian peer Multistrada Arah Sarana for USD 439 million to boost production in the Southeast Asian country. Also, some Japanese automakers such as Daihatsu Motor, Toyota Motor and Honda Motor operate factories in the country which require tires for installation in vehicles which would eventually boost the production in the countries of South East Asia.
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Key points covered in the report:
- South East Asia Tire Market dynamics, market size, trend analysis, leading market players, opportunities, recent developments.
-Economy synopsis and forecast analysis for 2021-2026.
-The research on South East Asia Tire Industry includes a detailed analysis of the key market participants.
-Market strategies that are increasingly being used by prominent South East Asia Tire Companies.
-Assessment of market factors including market growth drivers, significant challengers, inhibitors, and opportunities.
-Strategic profiling of key market players and thorough evaluation of their growth tactics.
-PESTEL Analysis, Porter’s Five Forces Model, Competitors Analysis, Value Chain Analysis, Recommendations and Price Analysis.
The study is beneficial for industry stakeholders in justifying numerous key questions, such as which market segments should be targeted, marketing strategies to be applied, revenue generation techniques, in order to strategize investments and take advantage of market growth.
“We are constantly monitoring the changing dynamics of the Covid-19 outbreak & provide detailed impact analysis on the market”.
Key Companies & Market Share Insights:
Owing to the vast number of major and small-scale manufacturers, the market is extremely concentrated and competitive. Major corporations pursue numerous marketing tactics, such as geographic expansion, in order to boost sales and capitalize on new businesses and markets for new and existing products/services. Major industry players are: Yokohama Rubber Co., Bridgestone, Goodyear, Toyo Tires and Rubber Co. Ltd., Continental, Pirelli, Kumho, Apollo, Dunlop, etc.
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Market Segmentation includes:
The South East Asia Tire Market is categorized. This section brings the segmentation statistics and provides insights regarding growing and dominating segments. The data has been represented using charts and graphs to make it reader friendly.
South East Asia Tire Market Fragments, By Vehicle Type
--Hatchback & Bakkies
-Light Commercial Vehicles (LCV)
--Pickup trucks & Vans
-Medium & High Commercial Vehicles
-Off the Road (OTR)
--Material Handling Equipment
--Industrial & Mining Equipment
South East Asia Tire Market Fragments, By Demand Type
South East Asia Tire Market Fragments, By Types of Tire
South East Asia Tire Market Fragments, By Season
South East Asia Tire Market Fragments, By Rim Size
12.1” to 15”
15.1.” to 18”
18.1” to 20”
20.1” to 22.5”
22.6” to 26”
26.1” to 35”
35.1” to 47”
South East Asia Tire Market Fragments, By Price Category
South East Asia Tire Market Fragments, By Country
The study outlines all of the issues that are being faced by South East Asia Tire Market. This enables the reader to gain a better understanding of the market and grab the lucrative opportunities. The analysts conducted a thorough examination of the current market scenario while concentrating on new business objectives. A comprehensive evaluation of evolving stakeholders’ needs and the entire environment study is included.
To grab the market opportunities, the analysts at MarkNtel Advisors provide strategic recommendations based on the statistical data and other relevant information. These recommendations are well researched and meant to boost the growth of the business considering the ongoing crisis of the Covid-19 pandemic. Our team uses the best research techniques and the latest methodology to provide cost-effective measures to the stakeholders and deliver professional services.
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