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.
Key Findings of the Study: Malaysia Two-wheeler Tire market
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 Challenge:
Fluctuating Raw Material Shortages & Prices to Impede the Market Growth – The automotive sector is facing a natural rubber shortage due to climate change and leaf disease ravaging the supply. This issue is a multi-year issue that impacts tire production. The production of tires is heavenly dependent on natural rubber for tire manufacturing. Therefore, due to the shortage of rubber production, tire production was put to a halt, which led to a decline in the Malaysia Two-wheeler Tire Market growth. Also, due to the shortage of raw materials for tires, the prices of tires tend to be more expensive than they used to be due to the limited supply, hence hindering the market growth.
Malaysia Two-wheeler Tire Market Segmentation:
By Vehicle Type
- Scooter and Moped
- Internal Combustion Engine (ICE)
- Upto 100 cc
- 101 cc to 125 cc
- 126 cc to 150 cc
- Above 150 cc
- Electric
- Internal Combustion Engine (ICE)
- Motorcycle
- Internal Combustion Engine (ICE)
- Upto 100 cc
- 101 cc to 125 cc
- 126 cc to 150 cc
- Above 150 cc
- Electric
- Internal Combustion Engine (ICE)
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)
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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
In the Malaysia Two-wheeler Tire Market, the Radial tire type has gained significant consumer preference in the motorcycle industry over the years.
Geographical Analysis:
By Region
- East
- West
- South
- Central
- East Coast
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Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Bridgestone Tyre Sales (Malaysia) Sdn Bhd, Continental Tires, Michelin Tires Co., Ltd., Pirelli Tires, Maxxis Tires, Kenda Tires, Inoue Rubber Co., Ltd., Vee Rubber, TVS Eurogrip, Yokohama TWS, others, are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the Malaysia Two-Wheeler Tire Market?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping across the country?
- How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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