Market Overview:
The global motorcycle and car racing grade tire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing popularity of motor sports, rising disposable income, and technological advancements in the automotive industry. The motorcycle racing grade tire segment is expected to grow at a higher CAGR than the car racing grade tire segment during the forecast period. This can be attributed to the growing popularity of motorcycling as a sport across regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa.
Product Definition:
Motorcycle and car racing grade tires are designed to handle the extreme conditions of motorsports. They have a higher tolerance for heat and wear, and offer better traction than standard tires. This makes them ideal for use in races, where performance is critical.
Dry Tire:
Dry tire is a type of racing tire that has been designed to deliver maximum performance on dry race tracks. The name “dry” in the industry refers to the condition of the track surface, which may contain very small amounts of water during certain times of year. On average, modern race tracks have a water content less than 1%.
The primary function for any racing tire is to provide grip and traction while cornering at high speeds.
Wet Tire:
Wet tire and it's usage in Motorcycle and Car Racing Grade Tire market is a process where the tire is filled with liquid rubber, which helps to increase the grip of tires. The modern wet tires are made up of natural rubber, but in older days they were made up of synthetic as well. Wet tires are used for racing cars on tracks that have water obstacles or puddles.
Application Insights:
The car racing application segment led the global market and accounted for more than 70.0% share of the total revenue in 2017. The growth is attributed to the increasing number of motorsports including road racing, drag racing, drifting, and oval track racing on account of rising popularity among consumers for high performance vehicles with enhanced handling ability and safety features such as airbags and electronic stability control. Moreover, technological advancements in vehicle electronics are also expected to propel demand over the forecast period.
The motorcycles segment is expected to witness significant growth over the forecast period owing to increased participation by riders from developing countries including India China Indonesia Thailand Vietnam who prefer affordable motorcycles with better performance characteristics suitable for off-road riding due to growing exposure towards adventure sports activities at a recreational level which has subsequently boosted demand across various regions globally.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing popularity of car racing as a sport and rising participation in road racing championships across countries such as India, Japan, Australia and China. In addition, growing number of manufacturers involved in developing high-performance tires for use on race cars will drive demand for motorsports grade tires over the forecast period.
Europe was estimated to be largest regional segment by volume with a share of more than 25%in 2017 due to presence of major tire manufacturing companies such as Bridgestone Europe Ltd., Michelin Group and Pirelli & C. S.pA., among others engaged in developing high-performance products catering primarily toward automotive applications on both track and street surfaces throughout the year round basis which has led them adopt these motorsports grade tires for various races held across European countries including France, Italy, Germany etc.
Growth Factors:
- Increasing demand for high-performance tires in the motorcycle and car racing grade market
- Rising popularity of motorsports events across the globe
- Technological advancements in tire manufacturing processes
- Growing number of participants in motorsports races
- Rising demand for luxury cars and motorcycles
Scope Of The Report
Report Attributes
Report Details
Report Title
Motorcycle and Car Racing Grade Tire Market Research Report
By Type
Dry Tire, Wet Tire
By Application
Car Racing, Motorcycle Racing
By Companies
Continental/Hoosier Racing Tire, Mickey Thompson, Goodyear, Michelin, Pirelli Tire LLC, Bridgestone, Yokohama Tire Corporation, Hankook, TOYO TIRE, Cooper Tire & Rubber Company, Continental/Hoosier Racing Tire, Giti, SAILUN, Senturytire
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Motorcycle and Car Racing Grade Tire Market Report Segments:
The global Motorcycle and Car Racing Grade Tire market is segmented on the basis of:
Types
Dry Tire, Wet Tire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car Racing, Motorcycle Racing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental/Hoosier Racing Tire
- Mickey Thompson
- Goodyear
- Michelin
- Pirelli Tire LLC
- Bridgestone
- Yokohama Tire Corporation
- Hankook
- TOYO TIRE
- Cooper Tire & Rubber Company
- Continental/Hoosier Racing Tire
- Giti
- SAILUN
- Senturytire
Highlights of The Motorcycle and Car Racing Grade Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dry Tire
- Wet Tire
- By Application:
- Car Racing
- Motorcycle Racing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Motorcycle and Car Racing Grade Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Motorcycle and car racing grade tires are designed to provide the highest level of performance possible. These tires are typically made from a harder rubber than regular passenger tire, and have a higher thread count. They also have a thicker sidewall than regular passenger tires, which helps them resist punctures.
Some of the major players in the motorcycle and car racing grade tire market are Continental/Hoosier Racing Tire, Mickey Thompson, Goodyear, Michelin, Pirelli Tire LLC, Bridgestone, Yokohama Tire Corporation, Hankook, TOYO TIRE, Cooper Tire & Rubber Company, Continental/Hoosier Racing Tire, Giti, SAILUN, Senturytire.
The motorcycle and car racing grade tire market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motorcycle and Car Racing Grade Tire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Motorcycle and Car Racing Grade Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motorcycle and Car Racing Grade Tire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Motorcycle and Car Racing Grade Tire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Motorcycle and Car Racing Grade Tire Market Size & Forecast, 2018-2028
4.5.1 Motorcycle and Car Racing Grade Tire Market Size and Y-o-Y Growth
4.5.2 Motorcycle and Car Racing Grade Tire Market Absolute $ Opportunity
Chapter 5 Global Motorcycle and Car Racing Grade Tire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Motorcycle and Car Racing Grade Tire Market Size Forecast by Type
5.2.1 Dry Tire
5.2.2 Wet Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motorcycle and Car Racing Grade Tire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Motorcycle and Car Racing Grade Tire Market Size Forecast by Applications
6.2.1 Car Racing
6.2.2 Motorcycle Racing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motorcycle and Car Racing Grade Tire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Motorcycle and Car Racing Grade Tire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Motorcycle and Car Racing Grade Tire Analysis and Forecast
9.1 Introduction
9.2 North America Motorcycle and Car Racing Grade Tire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Motorcycle and Car Racing Grade Tire Market Size Forecast by Type
9.6.1 Dry Tire
9.6.2 Wet Tire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Motorcycle and Car Racing Grade Tire Market Size Forecast by Applications
9.10.1 Car Racing
9.10.2 Motorcycle Racing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Motorcycle and Car Racing Grade Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Motorcycle and Car Racing Grade Tire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Motorcycle and Car Racing Grade Tire Market Size Forecast by Type
10.6.1 Dry Tire
10.6.2 Wet Tire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Motorcycle and Car Racing Grade Tire Market Size Forecast by Applications
10.10.1 Car Racing
10.10.2 Motorcycle Racing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Motorcycle and Car Racing Grade Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motorcycle and Car Racing Grade Tire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Motorcycle and Car Racing Grade Tire Market Size Forecast by Type
11.6.1 Dry Tire
11.6.2 Wet Tire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Motorcycle and Car Racing Grade Tire Market Size Forecast by Applications
11.10.1 Car Racing
11.10.2 Motorcycle Racing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Motorcycle and Car Racing Grade Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Motorcycle and Car Racing Grade Tire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Motorcycle and Car Racing Grade Tire Market Size Forecast by Type
12.6.1 Dry Tire
12.6.2 Wet Tire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Motorcycle and Car Racing Grade Tire Market Size Forecast by Applications
12.10.1 Car Racing
12.10.2 Motorcycle Racing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Motorcycle and Car Racing Grade Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motorcycle and Car Racing Grade Tire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Motorcycle and Car Racing Grade Tire Market Size Forecast by Type
13.6.1 Dry Tire
13.6.2 Wet Tire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Motorcycle and Car Racing Grade Tire Market Size Forecast by Applications
13.10.1 Car Racing
13.10.2 Motorcycle Racing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Motorcycle and Car Racing Grade Tire Market: Competitive Dashboard
14.2 Global Motorcycle and Car Racing Grade Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental/Hoosier Racing Tire
14.3.2 Mickey Thompson
14.3.3 Goodyear
14.3.4 Michelin
14.3.5 Pirelli Tire LLC
14.3.6 Bridgestone
14.3.7 Yokohama Tire Corporation
14.3.8 Hankook
14.3.9 TOYO TIRE
14.3.10 Cooper Tire & Rubber Company
14.3.11 Continental/Hoosier Racing Tire
14.3.12 Giti
14.3.13 SAILUN
14.3.14 Senturytire
