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According to the latest report by MarkNtel Advisors, titled “Southeast Asia Truck and Bus Tire Market By Vehicle Type (Bus, Truck), By Demand Type (OEMs, Replacement), By Price Category (Budget, Economy, Premium), By Tire Type (Radial, Bias), By Sales Channel (Online, Multi Brand Stores, Exclusive Outlets, Direct Sales), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), Others, The Southeast Asia Truck and Bus Tire Market is estimated to grow at a CAGR of around 6.7% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-30): 6.7%
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Growing Adoption of Electric Buses & Trucks – There is a growing awareness of environmental issues such as air pollution and climate change in Southeast Asia. As a result, consumers, businesses, and governments are increasingly seeking ways to reduce their carbon footprint and mitigate the impact of transportation-related emissions. Further, Governments in the region are implementing stricter emissions regulations and fuel efficiency standards to address environmental concerns. These regulations incentivize the adoption of cleaner vehicles by imposing penalties on high-emission vehicles and providing incentives for the purchase of electric and hybrid vehicles.
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-By Vehicle Type
Southeast Asia has become a hub for manufacturing activities, particularly in industries such as automotive, electronics, and textiles.
-By Tire Type
Radial truck and bus tires are expected to dominate the market in the coming years owing to ongoing infrastructure projects, increased awareness, etc.
-By Demand Type
-By Price Category
-By Sales Channel
-By Tire Size
-By Country
Thailand is expected to hold significant share of the Southeast Asia Truck and Bus Tire Market during the coming years.
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Southeast Asia Truck and Bus Tire Market Share Southeast Asia Truck and Bus Tire Market Trends Southeast Asia Truck and Bus Tire Market Growth
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