Sign up | Log in



Home  >>  Daily News  >>  ASEAN ANALYSIS


Asean Affairs  27 February  2015

Four key capital cities across developing ASEAN countries report marginal growth in tire sales volume in 2014: GfK

More players competed for same amount of consumer dollar; five percent drop in overall market value reported

25 February, 2015, SINGAPORE – The replacement car tire market for the key capital cities of Malaysia, Indonesia, Thailand and the Philippines collectively registered a slight growth in volume demand by two percent in 2014 compared to the previous year. However, total sales dollar generated was lesser by five percent—largely a result of lower pricings due to challenging market situation to win over the consumer dollar.

Among the markets tracked, Indonesia’s robust performance reflected 11 percent surge in replacement car tire volume consumption last year over the year before. During this same period, the other three markets sustained marginal growth of less than one percent

“Around 16 new car tire brands entered the four tracked ASEAN countries last year, bringing the total from 90 in 2013 to 106 in 2014,” highlighted Jasmine Lim, Account Director at GfK Asia. “The situation in the Philippines was most intense as the market saw the entrance of over 10 new brands competing for a piece of the pie that was not growing in size.”

An interesting observation was the rising focus and complexity within the 16 inch car tire segment which was already occupied by 60 brands. GfK findings across these key cities reported seven new players in 2014, bringing with them more than 400 new model offerings for this particular diameter size alone.

“More than 6,000 automotive outlets across the tracked markets are facing the same challenging predicament stemming from this influx of contenders,” stated Lim. “At the end of the day, the beneficiaries are the consumers in these regions who got to purchase their 16 inch tires for less since average selling prices fell from USD123 to USD115.”

Currently, the automotive retail outlets existing in the key capital cities of Thailand, Malaysia, Indonesia and Philippines include tire specialists, car accessories shops, fast fitters and car garages. In addition, GfK also conducts retail audit tracking of replacement car tires in key cities across other Asia Pacific markets including China, Japan, India, Taiwan and South Korea.

“The aggressive business condition in the car tire sector means dealers have to be very vigilant and always prepared to cater to unexpected market demand such as selectively stocking up on brands and SKUs, allocating more storage space, expediting stock delivery times, etc. in order to avoid missing out on valuable opportunities,” Lim commented. “With such a competitive environment, it is essential for brands to monitor and understand consumer preferences when selecting car tires; on top of effectively communicating their unique selling points (USP)—the key to maintaining and attracting new customers” concluded Lim.

About GfK

GfK is the trusted source of relevant market and consumer information that enables its clients to make smarter decisions. More than 13,000 market research experts combine their passion with GfK’s long-standing data science experience. This allows GfK to deliver vital global insights matched with local market intelligence from more than 100 countries. By using innovative technologies and data sciences, GfK turns big data into smart data, enabling its clients to improve their competitive edge and enrich consumers’ experiences and choices.

For more information, please visit or follow GfK on Twitter:

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories                           February  27, , 2015 Subsribe Now !
• Gmail now available in Myanmar language Subcribe: Asean Affairs Global Magazine
• Economy in brief: Bukit Tua to produce oil in March: Petronas
•Investors reluctant because no govt support
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Kuok retains top spot on Forbes Malaysia rich list
• Construction of Mekong Delta bridges speeds up
Asean Analysis                    February 27, 2015
• Asean Analysis February 27, 2015
Four key capital cities across developing ASEAN countries report marginal growth in tire sales volume in 2014: GfK
Advertise Your Brand

Asean Stock Watch   February 26,  2015
• Asean Stock Watch-February 26 , 2015
The Biweekly Update
• The Biweekly Update February 20, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand