Malaysia Two-wheeler Tire Market is expected to gain market growth in the forecast period of 2024-2030

According to MarkNtel Advisors study 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.

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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.

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.

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Scope of the Report and 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
• Motorcycle
  • Internal Combustion Engine (ICE)
    • Upto 100 cc
    • 101 cc to 125 cc
    • 126 cc to 150 cc
    • Above 150 cc
  • Electric

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)

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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