Malaysia Tire Market By Vehicle Type (Passenger Car, LCV, MHCV, Two-Wheeler & OTR), By Demand Category (OEM Vs. Replacement), By Radial Vs. Bias, By Rim Size, Competition Forecast & Opportunities, 2013 – 2023
According to “Malaysia Tire Market By Vehicle Type, By Demand Category, By Radial Vs. Bias, By Rim Size, Competition Forecast & Opportunities, 2013 – 2023”, tire market registered sales is projected to grow to 23.8 million units by 2023 in Malaysia. Increasing vehicle fleet in passenger car, commercial vehicle and two-wheeler segments in addition to high purchasing power and raw material availability are among the key factors that would boost sales of tires in Malaysia over the coming years. Moreover, presence of production plants of leading global tire manufacturers such as Michelin, Bridgestone, Goodyear, Continental Tyre, Toyo Tire, etc., in Malaysia is expected to aid the country’s tire market during the forecast period. Some of the top players operating in Malaysia tire market include Goodyear Tire & Rubber Co., Michelin Malaysia Sdn. Bhd, Continental Tyre PJ Malaysia Sdn Bhd, Bridgestone Tyre Sales (Malaysia) Sdn. Bhd., Hankook Tire, Toyo Tire & Rubber Co., Ltd., Pirelli & C. S.p.A., Maxxis Tires Malaysia, Giti Tire Pte. Ltd., Sumitomo Tires, etc. “Malaysia Tire Market By Vehicle Type, By Demand Category, By Radial Vs. Bias, By Rim Size, Competition Forecast & Opportunities, 2013 – 2023” discusses the following aspects of tire market in Malaysia:
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