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Passenger Car Tires Market in Malaysia 2015-2019

Passenger Car Tires Market in Malaysia 2015-2019

About Passenger Car Tires

Malaysia is one of the leading rubber producing countries in the world. Its rubber processing industries are flourishing, especially those that manufacture tires and gloves. In 2011, Malaysia had 341 passenger cars per 1,000 people. Thus, Malaysia is one of the most significant markets for tire manufacturers.

The future of passenger car tire market in Malaysia is expected to be positive over the forecast period due to the optimistic outlook for the automotive industry. The tire market in Malaysia is driven by growing demand for automobiles, overall growth of the economy, and growth of the replacement tire market.

Technavio's analysts forecast the passenger car tire market in Malaysia to grow at a CAGR of 4.47% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the passenger car tire market in Malaysia for the period 2015–2019. This report provides data on the market based on the following segments:

  • OEM segment
  • Replacement segment
The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors in the passenger car tire market in Malaysia. In addition, the report includes the major drivers that are influencing the growth of the passenger car tire market in Malaysia. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

Technavio's report, Passenger Car Tire Market in Malaysia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the passenger car tire market in Malaysia and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Prominent Vendors
  • Bridgestone Tyre Sales (Malaysia)
  • Continental Tyre PJ Malaysia
  • Goodyear Malaysia
  • GT Radial Malaysia
  • Hankook Tire
  • Kumho Tire
  • Maxxis International
  • Michelin Malaysia
  • Pirelli
  • Sailun Group
  • Simex Tyres
  • Sumitomo
  • Toyo Tyre Malaysia
  • Yokohama Rubber
  • Market Driver
    • Favorable Economic Conditions
    • For a full, detailed list, view our report
    Market Challenge
    • Increase in Retreading of Tires
    • For a full, detailed list, view our report
    Market Trend
    • Fall in Prices of Rubber
    • For a full, detailed list, view our report
    Key Questions Answered in this Report
    • What will the market size be in 2019 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Passenger Car Tires Market in Malaysia 2015-2019

    Technavio recognizes the following companies as the key players in the Passenger Car Tires Market in Malaysia: Bridgestone Tyre Sales (Malaysia), Continental Tyre PJ Malaysia, Goodyear Malaysia, GT Radial Malaysia, Hankook Tire, Kumho Tire, Maxxis International, Michelin Malaysia, Pirelli, Sailun Group, Simex Tyres, Sumitomo, Toyo Tyre Malaysia and Yokohama Rubber

    Commenting on the report, an analyst from Technavio’s team said: “Natural rubber prices have been declining since 2011 and were at a five-year low in Tokyo, Shanghai, Indonesia, and Thailand in December 2014. This fall in the prices of synthetic and natural rubber is set to benefit those who use them as raw materials, provided that the demand for the end product does not fall. The chief beneficiaries are tire vendors, such as Bridgestone, MRF, Yokohama, Goodyear, Sumitomo, and Michelin, as they consume about 70% of the global natural rubber production. The profit margins of tire vendors have surged since 2011, the year when the prices started dipping. However, tire vendors are expected to pass these savings onto consumers. The initiation would be with an aim to gaining a larger market share.”

    According to the report, a well-selected and maintained tire, in addition to providing greater comfort and ride quality, contributes greatly to the safety of the vehicle occupants, improves fuel economy, and aids better stopping and handling on all road conditions. OEMs buy a standard quantity of tires for installation on new vehicles. The requirement is huge in terms of volume; however, the bulk of the revenue is dependent on the replacement tire market. Passenger cars typically account for the majority share of the total number of vehicles on the road among all the vehicle segments. Being the biggest segment, passenger cars have a considerable impact on sales in the tire market in any economy. In 2014, Malaysia, an advanced middle-income economy, had sales of 588.34 thousand passenger cars, which will now become the new customers for the replacement tire market. In 2015, as a result of the impact of the GST rate, passenger car sales are expected to grow. However, the passenger car market in Malaysia is expected to grow during the forecast period.

    Further, the report states that Malaysia was the third largest producer of natural rubber in the world, but with a decline in production it has ended up being ranked lower in terms of natural rubber production.

    Companies Mentioned

    Bridgestone Tyre Sales (Malaysia), Continental Tyre PJ Malaysia, Goodyear Malaysia, GT Radial Malaysia, Hankook Tire, Kumho Tire, Maxxis International, Michelin Malaysia, Pirelli, Sailun Group, Simex Tyres, Sumitomo, Toyo Tyre Malaysia, Yokohama Rubber

    • Executive Summary
    • List of Abbreviations
    • Scope of the Report
      • Market Overview
    • Market Research Methodology
      • Market Research Process
      • Research Methodology
        • Table Market Research Methodology
    • Introduction
      • Overview of Tire Market
        • Table Tire Manufacturing Process
      • Key Tire Manufacturers Segmentation by Geography
        • Table Segmentation of Key Tire Manufacturers by Geography
      • Tire Industry Supply Chain
        • Suppliers
        • Tire Manufacturers
        • OEMs
        • Replacement Tire Market
      • Tires: Distribution Channels
      • Life Cycle of Tires
      • Factors Affecting Tire Prices
    • Market Landscape
      • General Overview of Tire Market in Malaysia
      • Passenger Car Market in Malaysia
        • Table Malaysian Automobile Market Share 2014 (by volume)
        • Table Malaysian Passenger Car Market Share by Passenger Car Model 2014 (by Volume)
        • Market Size
          • Table Passenger Car Production in Malaysia 2009-2014 (thousands of units)
          • Table Passenger Car Sales in Malaysia 2009-2014 (thousands of units)
      • Passenger Car Tires Market in Malaysia
        • Table Passenger Car Tires Market in Malaysia by Customer Segments 2014-2019 (by Volume)
        • Market Size and Forecast
          • Table Passenger Car Tires Market in Malaysia 2014-2019 (millions of units)
      • Five Forces Analysis
    • Market Segmentation by Customer
      • OEM Passenger Car Tire Market in Malaysia
        • Market Size and Forecast
          • Table OEM Passenger Car Tire Market in Malaysia 2014-2019 (millions of units)
      • Replacement Passenger Car Tires in Malaysia
        • Market Size and Forecast
          • Table Replacement Tire Market for Passenger Car in Malaysia 2014-2019 (millions of units)
    • Buying Criteria
    • Market Growth Drivers
      • Table Drivers of Passenger Car Tires Market in Malaysia
      • Table On-road Passenger Cars in Malaysia 2014-2019 (thousands of units)
    • Drivers and their Impact
    • Market Challenges
      • Table Challenges of Passenger Car Tires Market in Malaysia
      • Table Natural Rubber Production in Malaysia
    • Impact of Drivers and Challenges
    • Market Trends
      • Table Trends of Passenger Car Tires Market in Malaysia
    • Trends and their Impact
    • Vendor Landscape
      • Competitive scenario
        • Table Key Vendors in Passenger Car Tires Market in Malaysia (2014)
        • Bridgestone
        • Continental
        • Goodyear
        • GT Radial
        • Hankook Tire
        • Kumho Tire
        • Maxxis
        • Michelin
        • Pirelli
        • Sailun Group
        • Sumitomo Rubber Industries
        • Toyo Tire
        • Yokohama Rubber
      • Key news
    • Key Vendor Analysis
      • Bridgestone Tyre Sales Malaysia
        • Key Facts
        • Business Overview
        • Recent Developments
        • SWOT Analysis
      • Continental Tyre PJ Malaysia
        • Key facts
        • Business overview
        • SWOT analysis
      • Goodyear Malaysia
        • Key Facts
        • Business Overview
        • Product Category
          • Table Goodyear Malaysia: Product Category
        • Recent Developments
        • SWOT Analysis
      • GT Radial Malaysia
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table GT Radial Malaysia: Product Segmentation
        • SWOT Analysis
      • Hankook Tire
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Hankook Tire: Product Segmentation
        • Geographical Segmentation by Revenue 2013
          • Table Hankook Tire: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Kumho Tire
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Kumho Tire : Product Segmentation
        • Business Segmentation by Revenue 2013
          • Table Kumho Tire : Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Kumho Tire : Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Kumho Tire : Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Maxxis International
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Maxxis International: Product Segmentation
        • Geographical Segmentation
          • Table Maxxis International: Geographical Segmentation
        • Recent Developments
        • SWOT Analysis
      • Michelin Malaysia
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Pirelli
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Pirelli: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Pirelli: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Pirelli: Geographical Segmentation by Revenue 2013
        • Sales Segmentation by End-markets 2013
          • Table Pirelli: Sales Segmentation by End-markets 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Sailun
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Sailun: Product Segmentation
        • Geographical Segmentation by Revenue 2013
          • Table Sailun: Geographical Segmentation by Revenue 2013
        • Recent Developments
        • SWOT Analysis
      • Simex Tyres
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Sumitomo Rubber Industries
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Sumitomo Rubber Industries: Business Segmentation by Revenue 2013
        • Geographical Segmentation by Revenue 2013
          • Table Sumitomo Rubber Industries: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Toyo Tyres Malaysia
        • Key Facts
        • Business Overview
        • Products
          • Table Toyo Tyres Malaysia: Products
        • Product Category
          • Table Toyo Tyres Malaysia: Product Category
        • Recent Developments
        • SWOT Analysis
      • Yokohama Rubber
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Yokohama Rubber: Business Segmentation by Revenue 2014
        • Business Segmentation by Revenue 2013 and 2014
          • Table Yokohama Rubber: Business Segmentation by Revenue 2013 and 2014 ($ billion)
        • Geographical Segmentation by Revenue 2014
          • Table Yokohama Rubber: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
    • Other Reports in this Series

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