Spare Parts Industry 2024 - PREPARING TO RIDE THE WAVE OF MANUFACTURING AND EXPORT RECOVERY IN 2024
In 2024, we expect demand for truck and bus replacement (TBR) tires will surge, correlating with heightened road transportation of goods. This upturn is driven by increased activity in
industrial manufacturing and import-export sectors. Furthermore, Vietnamese TBR tire exports are poised for growth in the US market, as Thailand, the current leading tire exporter to the
US, faces impending anti-dumping duties imposed from Q2-2024. However, the rapid surge in share price based on those prospects, has not yet been fully supported by actual business
results, leading to a limited upside potential for the stocks.
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