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Malaysia $1.19 Billion Tire (Radial vs. Bias) Markets, Competition Forecast & Opportunities, 2027 April 15, 2021 06:28 ET | Source: Research and Markets Research and Markets Dublin, IRELAND ResearchAndMarkets.com s offering. The Malaysian Tire Market stood at around USD1.19 billion in 2020 and is expected to register growth with a CAGR of around 5.86% by value terms in the forecast period. Passenger car demand is increasing owing to its usage for daily commutation and due to that vehicle fleet of the country is increasing, consequently, driving the Malaysian Tire Market. Moreover, increasing per capita spending of the people is also resulting in the upgradation of vehicles and hence inducing demand for technologically advanced replacement tires in the country. ....
LEADING tyre company Michelin is committing towards providing safer, more sustainable solutions for mobility beyond just car tyres with its Motion for Life campaign. The campaign illustrates Michelin’s contribution to mobility in the day-to-day, and how the brand serves to meet essential travel needs that are central to the lives of people around the world – especially with the recent uplifting of the second movement control order in Malaysia that began in January. “As a brand of movement, we recognise that motion is intrinsic to human life and it goes further than just mobility, ” said Oliver Biggart, managing director for Michelin Malaysia, Singapore and Brunei. ....