MALAYSIA EV TIRE MARKET

INTRODUCTION

Electric cars are battery-powered automobiles without internal combustion engines. They have an electric motor. To handle the high torque that increases tyre wear on electric vehicles, tyres must have stronger structures and more durable rubber formulations.

The degree of innovation in EV tyres has increased in recent years due to the lengthy existence of electric cars.

The market for EV tyres is expanding faster due to growing demands for environmentally friendly options. Low rolling resistance tyres are preferred for an easier, less-jarring ride, which has increased demand for EV tyres.

MALAYSIA EV TIRE MARKET SIZE AND FORECAST

The Malaysia EV Tire Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

MALAYSIA EV TIRE MARKETDYNAMICS

A memorandum of understanding between Continental Tyre Malaysia and Castrol Malaysia paves the way for the investigation of a nationwide joint venture.

By utilising each other's substantial dealer networks, product lines, and industry knowledge, Continental and Castrol hope to improve their market share in the nation while providing customers with high-quality goods and services that are convenient, comprehensive, and worry-free.

Together, they join forces to further establish brand's presence in Malaysia, and cooperation is a tribute to both brands' dedication to customer pleasure and safety. They will continue to develop and lead in gaining worldwide market leadership when it comes to service and maintenance thanks to our combined knowledge that supports new prospects.

Michelin And Hyundai Motor Group To Work Together On EV Tyre Innovations, After the successful conclusion of their initial cooperation, the two firms have entered into a second Memorandum of Understanding.

This partnership will start a new road toward creating next-generation tyres that will incorporate the Group's clean, intelligent, and sustainable mobility solutions.

The following improvements will be developed by HMG and Michelin in collaboration over the next three years: eco-friendly tyres with higher use of eco-friendly materials; tyres designed for future-generation EVs; and a real-time tyre monitoring system that will boost autonomous driving technology.

MALAYSIA EV TIRE MARKETCOMPANY PROFILE

• Goodyear Tire & Rubber Co
• Michelin 
• Continental Tyre 
• Bridgestone Tyre 
• Hankook Tire 
• Toyo Tyre 

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS OFMALAYSIA EV TIRE MARKET

1. What is the average cost per Malaysia EV Tire Market right now and how will it change in the next 5-6 years? 
2. The average cost to set up an EV Tire Market in Malaysia?
3. How many Malaysia EV Tire Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Malaysia EV Tire Market  and key vendor selection criteria
6. Where is the Malaysia EV Tire Market manufactured? What is the average margin per equipment?
7. Market share of Malaysia EV Tire Market manufacturers and their upcoming products
8. The most important planned Malaysia EV Tire Market  in the next 2 years
9. Details on a network of major Malaysia EV Tire Market and pricing plans
10. The cost advantage for OEMs who manufacture Malaysia EV Tire Market in-house
11. 5 key predictions for the next 5 years in Malaysia EV Tire Market
12. Average B-2-B Malaysia EV Tire Market price in all segments
13. Latest trends in Malaysia EV Tire Market, by every market segment
14. The market size (both volume and value) of Malaysia EV Tire Market in 2024-2030 and every year in between?
15. Global production breakup of Malaysia EV Tire Market, by suppliers and their OEM relationship