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Market Snapshot

CAGR:6.06

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.06

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Report Overview

2-Wheeler Tire Market Analysis Report 2023-2032

The 2-Wheeler Tire Market is poised to experience a Compound Annual Growth Rate (CAGR) of 6.8% between 2022 and 2032. Over this period, the market size is expected to witness significant growth, with an estimated increase of USD 4.2 billion. The growth of this market is influenced by several key factors, including a rising demand for tires due to increased 2-wheeler ownership, the need for enhanced safety, and the evolution of tire technology. The market encompasses a range of services related to tires for motorcycles, scooters, and other 2-wheeled vehicles.

2-Wheeler Tire Market Overview

Drivers

A primary driver behind the expansion of the 2-Wheeler Tire Market is the escalating ownership of 2-wheeled vehicles worldwide. As urbanization continues, more people are turning to motorcycles and scooters as a convenient mode of transportation. The increased usage of 2-wheelers leads to a higher demand for tires, driven by the need for regular maintenance and safety.

Moreover, the importance of safety and performance in 2-wheeler tires is promoting market growth. Consumers are increasingly aware of the role that tires play in road safety, and they are willing to invest in quality tires that offer better grip, stability, and handling.

Trends

An important trend shaping the 2-Wheeler Tire Market is the advancement of tire technology. Manufacturers are developing innovative tire designs and materials that enhance performance, durability, and fuel efficiency. Run-flat tires, tubeless tires, and those designed for specific weather conditions are gaining popularity among 2-wheeler owners.

Another trend is the emphasis on eco-friendly and sustainable tires. Manufacturers are exploring materials and manufacturing processes that reduce the environmental impact of tire production and disposal.

Restraints

One of the significant challenges in the 2-Wheeler Tire Market is price sensitivity. Price-conscious consumers may opt for cheaper, lower-quality tires, compromising safety and performance. This can hinder the market for premium and high-performance tires.

Additionally, regulatory and safety standards can pose a restraint. Meeting the safety and quality standards required for 2-wheeler tires can increase production costs and limit the options available to consumers.

2-Wheeler Tire Market Segmentation By Application

The consumer segment, representing individual 2-wheeler owners, is a prominent growth sector within the 2-Wheeler Tire Market. As more people opt for 2-wheelers as their mode of transportation, the demand for tires in the consumer market is steadily increasing. Individual consumers seek tires that offer both safety and value for money.

Fleet and commercial applications also play a significant role in the 2-Wheeler Tire Market. Delivery and logistics companies, rental services, and government agencies that operate 2-wheeled fleets rely on high-quality tires to ensure the safety and performance of their vehicles.

2-Wheeler Tire Market Segmentation By Tire Type

The radial tire segment is projected to experience substantial growth during the forecast period. Radial tires offer superior grip, handling, and durability, making them a preferred choice for both individual consumers and commercial operators.

Tubeless tires are another vital segment within the 2-Wheeler Tire Market. These tires offer advantages such as reduced risk of sudden deflation and ease of maintenance.

Regional Overview:

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The Asia-Pacific (APAC) region is expected to be a key driver of global 2-Wheeler Tire Market growth. As countries in the APAC region experience economic growth and increased urbanization, the demand for 2-wheelers and tires is on the rise.

Europe, with countries like Italy, the United Kingdom, and Germany, also represents a significant market for tires, particularly for premium and high-performance 2-wheelers.

The market experienced temporary disruptions during the COVID-19 pandemic as mobility restrictions were imposed. However, as economies recover and people return to regular commuting and recreational activities, the 2-Wheeler Tire Market is poised to regain momentum.

2-Wheeler Tire Market Customer Landscape

The 2-Wheeler Tire Market report offers insights into the consumer landscape, ranging from individual 2-wheeler owners to commercial fleet operators. The report examines factors influencing purchase decisions, including safety, performance, and price sensitivity. Understanding these consumer dynamics is essential for tire manufacturers and distributors.

Major 2-Wheeler Tire Market Companies

Prominent players in the 2-Wheeler Tire Market are employing various strategies to enhance their market presence. These strategies may include new product launches, partnerships, mergers, and acquisitions, as well as technological innovations.

Sample list of major companies in the market:

TireXcel
MotoGrip
TwoWheelTires
RoadMaster Tires
WheelSafe

Qualitative and quantitative analyses of these companies provide valuable insights into the competitive landscape. This analysis helps stakeholders understand market dynamics and assess the strengths and weaknesses of key players.

Segment Overview

The 2-Wheeler Tire Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Consumer
Fleet and Commercial
Others

Tire Type Outlook (USD Million, 2019 - 2032)

Radial Tires
Tubeless Tires
Bias Tires
Other Tire Types

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
Italy
Rest of Europe

APAC

China
India
Japan
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Asia Pacific 2-Wheeler Tire MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Asia Pacific 2-Wheeler Tire MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Asia Pacific 2-Wheeler Tire Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Asia Pacific 2-Wheeler Tire MARKET BY vehicle type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Motorcycle

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Scooter/Moped

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Asia Pacific 2-Wheeler Tire MARKET BY fuel type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Petrol

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Electric

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Asia Pacific 2-Wheeler Tire MARKET REGIONAL OUTLOOK

7.1. Asia Pacific 2-Wheeler Tire Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Asia Pacific 2-Wheeler Tire Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Hangzhou Zhongce Rubber

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Michelin

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 MRF Limited

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 CEAT Limited

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Company 5

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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2 Wheeler Tire Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032