Two Wheeler Tires Market: Global Industry Analysis and Forecast (2023-2029)

Global Two Wheeler Tires Market is expected to reach US$ 26.58 Bn by 2029, at a CAGR of 7.6% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology   :- Request Free Sample Report

Two wheeler tires are manufactured from rubber and other raw material which offer traction for smooth running of the vehicle. An upsurge in the sale of two-wheelers and propelling electric vehicle market supplementing the growth of two wheeler tires market. Moreover, market players focusing on the development of anti-skid, flat run tires, eco tires, enhanced grip tires, nitrogen using tires and others are further driving the market owing to rise in demand of specialized material used in tires to improve tire quality and sidewalls for an increasing lifeline of the tire.

The report covers all the trends and technologies playing a major role in the growth of the two-wheeler tires market over the forecast period. It highlights the drivers, restraints, challenges and opportunities expected to influence the market growth during this period. One of the major challenge in the growth of the global two wheeler tires market is the market facing a blow of US-China trade war. Automotive tires and synthetic rubber have been dragged into this US-China trade war, and this will affect the forecasts of the market.

Motorcycle segment is expected to witness significant growth during the forecast period. The increasing affordability of motorcycles will be one of the significant factors driving the growth of the global two wheeler tire market in the segment.

The report offers a brief analysis of the major regions in the market, namely, APAC, Europe, North America, South America, and the Middle East & Africa. APAC will account for the highest two-wheeler tire market share throughout the forecast period. The adoption of commuter scooters and motorcycles and the rising number of high net worth individuals (HNWIs) are some of the factors responsible for the high two-wheeler tire market growth in the region.

In urban cities, people opt for two-wheeler rather than four-wheelers to avoid traffic. Moreover, the growing consumer power and the obsession of young population with two-wheelers are leading to the great demand of two-wheelers. The easy finance & credit services have also made it easier for the working professionals to own scooters or motorcycles; policies which always delight the two-wheeler tire making enterprises.

The objective of the report is to present comprehensive analysis of Global Two Wheeler Tires Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Two Wheeler Tires Market dynamics, structure by analyzing the market segments, and project the Global Two Wheeler Tires Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Two Wheeler Tires Market make the report investor’s guide.
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Global Two Wheeler Tires Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
7.6%
US$ 15.91 Bn
US$ 26.58 Bn


Segments Covered


by Vehicle Type
Motorcycle
Scooter/Moped
by Demand
OEM
Replacement
by Tire Type
Pneumatic Tire
Solid/Others (Advanced Tire)
by Tube Specification
Tube Tire
Tubeless Tire


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Two Wheeler Tires Market Key Players are:
1. Apollo Tires Ltd.
2. Bridgestone Corporation
3. CEAT Limited
4. Cheng Shin Rubber Ind. Co., Ltd.
5. Continental Aktiengesellschaft
6. Cooper Tire & Rubber Company
7. Giti Tire Pte. Ltd.
8. Hangzhou Zhongce Rubber CO., LTD.
9. JK Tire & Industrie
10. Kenda Rubber Industrial Co., Ltd.
11. MRF Limited
12. PT Gajah Tunggal TBK
13. Multi Strada Arah Sarana
14. Rinaldi S/A Industria de Pneumaticos
15. TVS Srichakra Limited
16. Giti Tire Pte. Ltd.
17. Birla Tyres Ltd.
18. General Company Establishment MICHELIN
19. MITAS a.s.
20. Kenda Rubber Industrial Co., Ltd.

Frequently Asked questions

1. What is the market size of the Global Two Wheeler Tires Market in 2022?
Ans. The market size Global market in 2022 was US$ 15.91 Billion.

2. What are the different segments of the Global Two Wheeler Tires Market ?
Ans. The Global market is divided into Vehicle Type and Demand.

3. What is the study period of this market?
Ans. The Global market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global Two Wheeler Tires Market share?
Ans. The Asia Pacific dominates the market share in the market.

5. What is the Forecast Period of Global Two Wheeler Tires Market ?
Ans. The Forecast Period of the market is 2023-2029 in the market.