Key Manufacturers Operating in Malaysia Two-wheeler Tire Market to Hit Lucrative Growth Objectives

Introduction

The Malaysia Two-wheeler Tire Market is experiencing a dynamic shift, driven by technological advancements, evolving consumer preferences, and changing economic landscapes. This market has become a focal point for stakeholders, including manufacturers, suppliers, and investors, who are keen on exploring growth opportunities in this evolving industry. As businesses strive to adapt to these changes, understanding the market’s key drivers, segmentation, and regional dynamics becomes crucial. This blog provides an in-depth analysis of the Malaysia Two-wheeler Tire Market, examining the market overview, dynamics, segment analysis, and regional projections.

Market Overview

The Malaysia Two-wheeler Tire Market is estimated to grow at a CAGR of around 5.46% during the forecast period, i.e., 2024-30. The market has grown considerably over the historical years due to the growing preference of individuals to use motorcycles and scooters for daily commuting purposes. The city lanes in Malaysia are narrow, which leads to high traffic congestion and road blockages. As a result, daily commuters prefer to travel using two-wheelers because it is easy and flexible to maneuver them.

Malaysia Two-wheeler Tire Market Dynamics

Several dynamics are shaping the Malaysia Two-wheeler Tire Market. On the demand side, the growing consumer focus on quality and sustainability is driving the need for advanced solutions. Additionally, technological innovations such as artificial intelligence, IoT, and data analytics are enhancing product capabilities and creating new opportunities for businesses. On the supply side, market players are intensifying competition by launching innovative products and expanding their geographic presence.

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Malaysia Two-wheeler Tire Market Driver:

Increasing Two-wheeler Automobile Production Driving the Market Growth – Two-wheeler production is increasing due to traffic congestion and growth in investment by manufacturers in the two-wheeler industry for superior performance and comfort. The growing production of two-wheelers increases the demand for tires as the demand for tires is linked with production when the production increases the requirement for tires would automatically increase. According to the Motorcycle & Scooter Assemblers and Distributors Association of Malaysia, the production of two-wheelers was 4,96,136, 6,85,828, and 5,61,077 units in the years 2021, 2022, and 2023 respectively, which indicates the increasing demand for tires in the country. Therefore, the growing two-wheeler production increases the demand for tires, further driving the Malaysia Two-wheeler Tire Market.

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Malaysia Two-wheeler Tire Market Segment Analysis

The Malaysia Two-wheeler Tire Market is segmented based on:

By Vehicle Type

• Scooter and Moped
• Motorcycle

By Tire Size

• 70/90-17
• 80/90-17
• 110/80-14
• 130/70-13
• 100/80-17
• 140/70-17
• 110/70-17
• 120/70 R17
• Others

By Tire Type

• Radial
• Bias

By Price Category

• Budget (Upto USD10)
• Economy (USD11-USD30)
• Premium (Above USD31)

By Tire Pattern

• Symmetrical Tire
• Asymmetrical Tire
• Directional Tire

By Sales Channel

• Online
• Direct Sales
• Multi Brand Stores
• Exclusive Outlets

By Demand Type

• OEM
• Replacement

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Malaysia Two-wheeler Tire Market Regional Projection

The Malaysia Two-wheeler Tire Market shows varied growth patterns across different regions:

By Region

• East
• West
• South
• Central
• East Coast

Key Players in the Market

Several key players dominate the Malaysia Two-wheeler Tire market, each striving to capture a larger share through product innovation, strategic partnerships, and expansion. Leading players include:

• Bridgestone Tyre Sales (Malaysia) Sdn Bhd
• Continental Tyre PJ Malaysia Sdn Bhd
• Michelin Siam Co., Ltd
• Pirelli Tires SpA
• Maxxis Tyres
• Kenda Tires
• Inoue Rubber Co., Ltd.
• Others

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