Southeast Asia Two-Wheeler Tire Market Size, Growth Analysis By 2028 - Markntel

Jackdaniel24 Jan, 2025Other

The Southeast Asia Two-Wheeler Tire Market is valued at USD3.11 billion in 2022 and is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2023-28. The surging penetration of two-wheelers is primarily driving the market for two-wheeler tires. Rapid urbanization & population growth in Southeast Asian countries have accelerated the demand for efficient mobility solutions in the region. As two-wheelers provide a convenient mode of transportation for navigating through crowded streets & reaching destinations quickly, their use & demand have increased substantially.