DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/t3qgpv/malaysia_tyre) has announced the addition of the "Malaysia Tyre Market Forecast & Opportunities, 2018" report to their offering.
With the growing automobile sales in Malaysia, the demand for tyres, in revenue terms, is set to increase at a CAGR of around 10% during 2013-18.
The rapid growth in economy, coupled with high purchasing power have made Malaysia the largest passenger car market within the ASEAN region. The country has one of the highest vehicles per capita around the world. Local automotive manufacturing companies such as Proton and Perodua, coupled with the global automotive companies such as Toyota, Volkswagen, Mercedes, Nissan, Volvo, Hyundai and Honda, etc., have established their production plants in Malaysia to cater to the domestic as well as global automobile demand. Increasing per capita income as well as government initiatives such as tax rebates on import and excise duties on the purchase of hybrid cars are driving the Malaysian automotive industry. The country also has a fleet of about 11 million each for passenger cars and two wheelers, creating a huge replacement tyre market. Growing automobile sales in the country have also improved the demand for tyres from the OEMs segment.
Malaysia has the membership of ASEAN and AFTA, which include various other major economies such as China, Japan, EU, Korea, India, etc., through which, the automotive products including tyres, manufactured in the country are easily sold in these international markets. Continental, Bridgestone, Goodyear and Michelin are the leading companies in the tyre industry of Malaysia. However, other companies such as Toyo, Pirelli, Yokohama, Apollo and Sumitomo are also giving strong competition to the established players in Malaysia.
Malaysia Tyre Market Forecast and Opportunities, 2018, discusses the following aspects:
Key Topics Covered:
1. Executive Summary
2. Malaysia Tyre Market Outlook
3. Malaysia Replacement Tyre Market Outlook
4. Malaysia Passenger Car Tyres Market Outlook
5. Malaysia Two Wheeler Tyres Market Outlook
6. Malaysia Commercial Vehicle Tyres Market Outlook
7. Malaysia OTR Tyres Market Outlook
8. Price Point Analysis
9. Raw Material Analysis
10. Tyre Trade Analysis
11. Market Dynamics
12. Policy & Regulatory Landscape
13. Market Trends & Developments
14. Malaysia Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
17. Research Methodology
For more information visit http://www.researchandmarkets.com/research/t3qgpv/malaysia_tyre
Source: Research and Markets