The ASEAN tire market is anticipated to witness a CAGR of 3.5% during the forecast period (2023-2029). The region is the largest producer of natural rubber and supplies the tire raw material to all the major companies all across the globe. The companies have also set-up their manufacturing units near the raw material source. Anticipated lucrative growth in vehicle sales during the forecast period and increasing disposable income of the people in the region are some of the major factors for the growth of the tire market in the region. After the COVID-19 pandemic, Vietnam has emerged as an attractive alternative for the companies to shift their production unit to diversify their manufacturing and to reduce dependency on China. It will provide significant economic growth to the country and will augment the demand for high-end products among the people.
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Key regions are discussed in this ASEAN Tire Market report such as Europe, Middle East, Africa, North America, Latin America and Asia Pacific. It works as the most effective tool which businesses can make use of for developing the way it understands consumers and augment the potential for gains and growth. It is necessary for businesses of all sizes and benefits them completely. It helps to grow business forward. In order to get several benefits from product portfolio enlargement, it is essential to know more about latest market developments its entire scenario. This ASEAN Tire Market report also helps business owners in knowing market size of major regions as well as market advancements.
ASEAN Tire Market research report also involves discussing about major competitors and their future actions and such information is useful to invest in product launch and start any business. It has the potent to augment the product or service offerings. Competitive analysis covered here for the estimation period 2022-2028 greatly helps business participants to make a few vital actions required for the business expansion. ASEAN Tire Market report also helps start ups by providing them best opportunities available in the market. It also helps them to make the best out of these opportunities.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
ASEAN Tire Market Report Segment
By Vehicle Type
- Passenger Cars
- Light & Medium Commercial Vehicle
- Heavy Commercial Vehicle
- Two-Wheeler
- Other (Construction, Agricultural, Customized Sports)
By Road Application
- All-Season Tire
- Summer Tire
- Winter Tire
- Other
By Construction
- Radial Tire
- Bias Ply Tire
By Tire Type
- Tubeless Tire
- Tubbed Tire
By Sales Channel
- OEM
- Aftermarket
ASEAN Tire Market Report Segment By Geography
- Indonesia
- Malaysia
- Philippines
- Thailand
- Rest of ASEAN
The Report Covers
- Comprehensive research methodology of the ASEAN Tire market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the ASEAN Tire industry.
- Insights about market determinants which are stimulating the ASEAN Tire market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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