Malaysia Tire Market By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles & OTR Vehicles), By Demand Category (OEM vs. Replacement), By Radial vs. Bias, By Company, Competition Forecast & Opportunities, 2016-2026

  • Industry : Automotive
  • Pages : 119
  • Published Date : April, 2021
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Report Description

Report Description

Malaysian tyre market stood at around USD1.19 billion in 2020 and is expected to register growth with a CAGR of around 5.86% by value terms in the forecast period. Passenger car demand is increasing owing to its usage for daily commutation and due to that vehicle fleet of the country is increasing, consequently, driving the Malaysia tire market. Moreover, increasing per capita spending of the people is also resulting in the upgradation of vehicles and hence inducing demand for technologically advanced replacement tires in the country. Continuous business expansion of the worlds’ leading tire companies in the country by increasing their product portfolio and customer outreach through more dealer addition is anticipated to intensify the competition in the Malaysia tire market over the course of the next five years.

Malaysia tire market can be segmented based on vehicle type, by demand category, by company and by region. In terms of vehicle type, the market is segmented into passenger cars, two-wheelers, light commercial vehicles, medium & heavy commercial vehicles & OTR vehicles. Passenger car tires dominated the overall Malaysia tire market in 2020. On the basis of demand category, the replacement market is dominating the Malaysia tire market as compared to OEM category. In terms of regional share, the market is segmented into East Malaysia and West Malaysia. As of 2020, East Malaysia dominated the country’s tire market owing to better presence of dealers and distributors of automotive tires. In terms of radial vs bias, the market share of radial tires is dominating the Malaysia tire market and the trend is expected to continue in the near future.

Goodyear Malaysia Berhad, Michelin Malaysia Sdn. Bhd, Continental Tyre Malaysia Sdn Bhd, Bridgestone Tyre Sales (Malaysia) Sdn. Bhd, Hankook Tire Malaysia Sdn. Bhd., Toyo Tyre Malaysia Sdn. Bhd. Maxxis Tires Malaysia., etc. are some of the leading players operating in the Malaysia tire market. Apart from the flagship companies, many Chinese players are also increasing their footprint in the Malaysia tire market by pushing their low-cost products blended with ease of availability.

Years considered for this report:

Historical Period: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

·         To analyze the historical growth in the market size of the Malaysia tire market, in terms of value as well as volume, from 2016 to 2020.

·         To estimate and forecast the Malaysia tire market from 2021 to 2026 and growth rate until 2026.

·         To classify and forecast Malaysia tire market based on Vehicle Type, Radial vs. Bias and OEM vs. Replacement.

·         To identify drivers and challenges for the Malaysia tire market.

·         To examine competitive developments such as business growth opportunities, new product launches, mergers and acquisitions, etc., in the Malaysia tire market.

·         To conduct the pricing analysis for the Malaysia tire market.

·         To identify and analyze the profile of leading players involved in the manufacturing of Malaysia tire market.


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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of tire dealers and distributors in Malaysia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, application, distribution channel and regional presence of all the tire distributors and dealers across the country.

TechSci Research calculated the market size for Malaysia tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, Malaysia Automotive Association (MAA), Economic Intelligence Unit (EIU), Company Websites, company annual reports, white papers, investor presentations and financial reports were also studied for the Malaysia tire market research by TechSci Research.

Key Target Audience:

·         Car manufacturing companies

·         Raw material suppliers

·         Dealers/distributors of tires

·         Governments and financial institutions

·         Research organizations and consulting companies

·         Research institutes

·         Associations, organizations, forums and alliances related to tires

·         Industry associations

·         Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the Malaysia tire market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Malaysia Tire Market, By Vehicle Type:
    • Passenger Cars
    • Medium & Heavy Commercial Vehicles
    • Light Commercial Vehicles
    • Off-the-Road Vehicles
    • Two-Wheelers
  • Malaysia Tire Market, By Radial vs. Bias:
    • Radial
    • Bias
  • Malaysia Tire Market, By OEM vs. Replacement:
    • OEM
    • Replacement
  • Malaysia Tire Market, By Rim Size:
  • Malaysia Tire Market, By Price Segment:
    • Ultra-Budget
    • Budget
    • Premium
  • Malaysia Tire Market, By Region:
    • East Malaysia
    • West Malaysia
  • Malaysia Tire Market, By Tire Size:

Company Profiles: Detailed analysis of the major companies present in the Malaysia tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.
Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Brand Recall

4.3.  Brand Switching

4.4.  Brand Satisfaction Level

5.    Malaysia Tire Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value (USD Billion) & Volume (Million Unit)

5.2.  Market Share & Forecast

5.2.1.     By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles and OTR vehicles)

5.2.2.     By Demand Category (OEM vs. Replacement)

5.2.3.     By Radial vs. Bias

5.2.4.     By Company (2020)

5.2.5.     By Region (East Malaysia and West Malaysia)

5.3.  Product Market Map (By Vehicle Type)

6.    Malaysia Passenger Car Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Sedan & Hatchback, SUV, MPV and Window Van)

6.2.2.     By Demand Category

6.2.3.     By Radial vs. Bias

6.2.4.     By Tire Size

6.2.5.     By Rim Size

6.2.6.     By Price Segment (Ultra Budget, Budget, Premium)

6.3.  Product Market Map (By Vehicle Type)

7.    Malaysia Two-Wheeler Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Motorcycle & Scooters/Mopeds)

7.2.2.     By Demand Category

7.2.3.     By Radial vs. Bias

7.2.4.     By Tire Size

7.2.5.     By Rim Size

7.2.6.     By Price Segment (Ultra Budget, Budget, Premium)

7.3.  Product Market Map (By Vehicle Type)

8.    Malaysia Light Commercial Vehicle (LCV) Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Pickup Truck & Panel Van)

8.2.2.     By Demand Category

8.2.3.     By Radial vs. Bias

8.2.4.     By Tire Size

8.2.5.     By Rim Size

8.2.6.     By Price Segment (Ultra Budget, Budget, Premium)

8.3.  Product Market Map (By Vehicle Type)

9.    Malaysia Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Truck, Bus & Heavy Truck)

9.2.2.     By End Use (Logistics, Construction and Public Transport)

9.2.3.     By Demand Category

9.2.4.     By Radial vs. Bias

9.2.5.     By Tire Size

9.2.6.     By Rim Size

9.2.7.     By Price Segment (Ultra Budget, Budget, Premium)

9.3.  Product Market Map (By Vehicle Type)

10.  Malaysia OTR Vehicles Tire Market Outlook

10.1. Market Size & Forecast

10.1.1.  By Value & Volume

10.2. Market Share & Forecast

10.2.1.  By Vehicle Type (Mining, Construction and Industrial, Agricultural and Others)

10.2.2.  By Demand Category

10.2.3.  By Radial vs. Bias

10.2.4.  By Tire Size

10.2.5.  By Rim Size

10.2.6.  By Price Segment (Ultra Budget, Budget, Premium)

10.3. Product Market Map (By Vehicle Type)

11.  Import-Export Analysis

12.  Market Dynamics

12.1. Drivers

12.2. Challenges

13.  Market Trends & Developments

14.  Policy and Regulatory Landscape

15.  Malaysia Economic Profile

16.  Impact of COVID-19 on Malaysia Tire Market

17.  Competitive Landscape

17.1. Goodyear Malaysia Berhad

17.2. Michelin Malaysia Sdn. Bhd

17.3. Continental Tyre Malaysia Sdn Bhd

17.4. Bridgestone Tyre Sales (Malaysia) Sdn. Bhd

17.5. Hankook Tire Malaysia Sdn. Bhd.

17.6. Toyo Tyre Malaysia Sdn. Bhd

17.7. Maxxis Tires Malaysia

17.8. Giti Tire Pte. Ltd

17.9. Sumitomo Rubber Industries, Ltd.

17.10. The Yokohama Rubber Co., Ltd.

18.  Strategic Recommendations

19.  About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: Malaysia Tire Market - Factors Influencing Purchase Decision (N=100)

Figure 2: Malaysia Tire Market - Aided Brand Recall (N=100)

Figure 3: Malaysia Tire Market - Unaided Brand Recall (N=100)

Figure 4: Malaysia Tire Market - Brand Switching (N=100)

Figure 5: Malaysia Tire Market - Brand Switching Attributes (N=100)

Figure 6: Malaysia Tire Market Brand Satisfaction Level (N=100)

Figure 7: Malaysia Tire Market - Brand Satisfaction Level, By Stability on Road (N=100)

Figure 8: Malaysia Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=100)

Figure 9: Malaysia Tire Market - Brand Satisfaction Level, By Performance (N=100)

Figure 10: Malaysia Tire Market - Brand Satisfaction Level, By Pricing (N=100)

Figure 11: Malaysia Tire Market - Brand Satisfaction Level, By Lifetime (N=100)

Figure 12: Malaysia Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F

Figure 13: Malaysia Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 14: Malaysia Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F

Figure 15: Malaysia Tire Market Share, By Radial vs. Bias, By Volume, 2016-2025F

Figure 16: Malaysia Tire Market, By Company, By Volume (2020)

Figure 17: Malaysia Tire Market Share, By Region, By Volume, 2020 & 2026F

Figure 18: Malaysia Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)

Figure 19: Malaysia Passenger Car Tire Market Size, By Value (USD Million), By Volume (Million Unit) 2016-2026F

Figure 20: Malaysia Passenger Car Production, By Volume (in Units) 2015-2020

Figure 21: Malaysia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 22: Malaysia Passenger Car Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F

Figure 23: Malaysia Passenger Car Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F

Figure 24: Malaysia Passenger Car Tire Market, Prominent Tire Sizes

Figure 25: Malaysia Passenger Car Tire Market, By Rim Size (2020)

Figure 26: Malaysia Passenger Car Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)

Figure 27: Malaysia Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Million Unit) 2016-2026F

Figure 28: Malaysia Two-Wheeler Production, By Volume (in Units) 2015-2020

Figure 29: Malaysia Two-wheeler Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 30: Malaysia Two-Wheeler Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F

Figure 31: Malaysia Two-Wheeler Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F

Figure 32: Malaysia Two-wheeler Tire Market, Prominent Tire Sizes

Figure 33: Malaysia Two-Wheeler Tire Market, By Rim Size (2020)

Figure 34: Malaysia Two-Wheeler Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)

Figure 35: Malaysia LCV Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F

Figure 36: Malaysia Commercial Vehicle Production, By Volume (in Units) 2015-2020

Figure 37: Malaysia LCV Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 38: Malaysia Light Truck Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F

Figure 39: Malaysia Light Truck Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F

Figure 40: Malaysia LCV Tire Market, Prominent Tire Sizes

Figure 41: Malaysia LCV Tire Market, By Rim Size (2020)

Figure 42: Malaysia LCV Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)

Figure 43: Malaysia MHCV Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F

Figure 44: Malaysia Commercial Vehicle Sales, By Volume (in Units) 2015-2020

Figure 45: Malaysia MHCV Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 46: Malaysia MHCV Tire Market Share, By End User, By Volume, 2016-2026F

Figure 47: Malaysia MHCV Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F

Figure 48: Malaysia MHCV Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F

Figure 49: Malaysia M&HCV Tire Market, Prominent Tire Sizes

Figure 50: Malaysia Truck Tire Market, By Rim Size (2020)

Figure 51: Malaysia Bus Tire Market, By Rim Size (2020)

Figure 52: Malaysia MHCV Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)

Figure 53: Malaysia OTR vehicles Tire Market Size, By Value (USD Billion), By Volume (Million Unit) 2016-2026F

Figure 54: Malaysia GDP Per Capita (Current USD), 2015-2019

Figure 55: Malaysia OTR vehicles Tire Market Share, By Vehicle Type, By Volume, 2016-2026F

Figure 56: Malaysia OTR vehicles Tire Market Share, By Demand Category (OEM vs. Replacement), By Volume, 2016-2026F

Figure 57: Malaysia OTR vehicles Tire Market Share, By Radial vs. Bias, By Volume, 2016-2026F

Figure 58: Malaysia OTR vehicles Tire Market, Prominent Tire Sizes

Figure 59: Malaysia OTR vehicles Tire Market, By Rim Size (2020)

Figure 60: Malaysia OTR vehicles Tire Market Map, By Vehicle Type, Market Size (Million Unit) & Growth Rate (%)

Figure 61: Malaysia Commercial Vehicle Tire Imports, By Value, 2016-2019 (USD Million)

Figure 62: Malaysia Passenger Car Tire Imports, By Value, 2016-2019 (USD Million)

Figure 63: Malaysia Two-Wheeler Tire Imports, By Value, 2016-2019 (USD Million)

Figure 64: Malaysia Commercial Vehicle Tire Exports, By Value, 2016-2019 (USD Million)

Figure 65: Malaysia Passenger Car Tire Exports, By Value, 2016-2019 (USD Million)

Figure 66: Malaysia Two-Wheeler Tire Exports, By Value, 2016-2019 (USD Million)

 

List of Tables

 

Table 1: Malaysia Major Tire Production Plant, By Company and Plant Location 2019

Table 2: Malaysia Passenger Car Tire Market, By Price Segment, By Volume, 2020

Table 3: Malaysia Two-Wheeler Tire Market, By Price Segment, By Volume, 2020

Table 4: Malaysia LCV Tire Market, By Price Segment, By Volume, 2020

Table 5: Malaysia M&HCV Tire Market, By Price Segment, By Volume, 2020

Table 6: Malaysia OTR vehicles Tire Market, By Price Segment, By Volume, 2020

Table 7: Description of Used Tires, By Tariff Codes, 2020

Frequently asked questions

Frequently asked questions

Malaysia tire market was valued at USD1.19 billion in 2020 and is anticipated to register a CAGR of around 5.86% during the forecast period.

Goodyear Malaysia Berhad, Michelin Malaysia Sdn. Bhd, Continental Tyre Malaysia Sdn Bhd, Bridgestone Tyre Sales (Malaysia) Sdn. Bhd, Hankook Tire Malaysia Sdn. Bhd., Toyo Tyre Malaysia Sdn. Bhd. Maxxis Tires Malaysia., etc. are key players in the Malaysia tire market.

Growing fleet of passenger vehicles in the country and rising disposable income are boosting the growth of tire market in Malaysia.

Based on vehicle type, passenger car tires are expected to dominate tire market in Malaysia.

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