Malaysia $1.68 Bn Tire Market Competition, Forecast & Opportunities, 2026 - ResearchAndMarkets.com
Moreover, expanding vehicle fleet in the country with an increasing number of people buying more cars owing to rising standard of living in Malaysia is also boosting the Malaysian Tire Market.
- Moreover, expanding vehicle fleet in the country with an increasing number of people buying more cars owing to rising standard of living in Malaysia is also boosting the Malaysian Tire Market.
- The Malaysian Tire Market can be segmented based on vehicle type, demand category, region, radial vs bias, price segment, and tire size.
- In terms of vehicle type, passenger car tire segment dominated the country's tire market, followed by the two-wheeler tire segment in 2019, and the trend is expected to continue during the forecast period as well.
- Major companies operating in Malaysia Tire industry are: Michelin Malaysia Sdn Bhd., Continental Tyre PJ Malaysia Sdn Bhd, Goodyear Tire & Rubber company, Bridgestone Tyre sales (Malaysia) Sdn Bhd., Hankook Tire Co., Ltd., Pirelli Tyre S.p.A, Toyo Tire & Rubber Co., Ltd, etc.