Deerfield Beach, FL -- (SBWIRE) -- 07/27/2015 -- Passenger Car Tires Market in Malaysia 2015-2019

Malaysia is one of the leading rubber producing countries in the world. Its rubber processing industries are flourishing, especially those that manufacture tires and gloves. In 2011, Malaysia had 341 passenger cars per 1,000 people. Thus, Malaysia is one of the most significant markets for tire manufacturers.

The analysts forecast passenger car tire market in Malaysia to grow at a CAGR of 4.47% over the period 2014-2019.

The future of passenger car tire market in Malaysia is expected to be positive over the forecast period due to the optimistic outlook for the automotive industry. The tire market in Malaysia is driven by growing demand for automobiles, overall growth of the economy, and growth of the replacement tire market.

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Covered in this Report

This report covers the present scenario and the growth prospects of the passenger car tire market in Malaysia for the period 2015-2019. This report provides data on the market based on the following segments:

OEM segment
Replacement segment

The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors in the passenger car tire market in Malaysia. In addition, the report includes the major drivers that are influencing the growth of the passenger car tire market in Malaysia. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

The report, Passenger Car Tire Market in Malaysia 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the passenger car tire market in Malaysia and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Prominent Vendors

Bridgestone Tyre Sales (Malaysia)
Continental Tyre PJ Malaysia
Goodyear Malaysia
GT Radial Malaysia
Hankook Tire
Kumho Tire
Maxxis International
Michelin Malaysia
Pirelli
Sailun Group
Simex Tyres
Sumitomo
Toyo Tyre Malaysia
Yokohama Rubber

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Market Driver

Favorable Economic Conditions
For a full, detailed list, view our report

Market Challenge

Increase in Retreading of Tires
For a full, detailed list, view our report

Market Trend

Fall in Prices of Rubber
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?