Tyre Market in Southeast Asia witnessed technological advancement due to high demand. In 2019, Michelin unveiled its UPTIS (Unique Puncture-Proof Tyre System) airless car tyre concept, which they refer to as airless wheel structure technology. Michelin has teamed up with General Motors to bring UPTIS to market as soon as 2024.
Southeast Asia Tyre Market Synopsis
Southeast Asia Tyre Market covers the market by tyre types, vehicle types, and regions. The report provides a detailed analysis of the trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
According to 6Wresearch, South East Asia Tyre Market size is projected to grow at a CAGR of over 8.3% during 2018-2024. The increase in the introduction of electric vehicles with the rising government efforts through stringent government regulation towards control in carbon footprints, therefore, the manufacturer has increased the electric vehicle production along with population also been purchasing electric vehicles, especially Thailand and Vietnam are forefronts where Vietnam gaining traction in the tire market due to the rising purchase of two-wheeler electric vehicle and is estimated to bring in a lucrative opportunity for the growth of the Southeast Asia tire market in the upcoming six years.
Key Highlights of the Report:
- South East Asia Tyre Market Overview
- South East Asia Tyre Market Outlook
- South East Asia Tyre Market Forecast
- South East Asia Tyre Market Size and South East Asia Tyre Market Forecast until 2024.
- South East Asia Tyre Market Share, By Regions 2017 & 2024.
- Historical Data and forecast of Indonesia Tyre Market Revenues and Volume for the Period 2014-2024F.
- Historical Data and forecast of Indonesia Tyre Market Revenues and Volume By Tyre Types, Vehicle Types, and End Markets for the Period 2014-2024F.
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