Market Overview:
The global two Wheeler tires market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for two Wheeler tires from the motorcycle, scooter, and moped segments. In terms of type, the less than 18 segment is expected to dominate the global two Wheeler tires market during the forecast period. However, in terms of CAGR, the greater than or equal to 18 segment is expected to grow at a higher rate than other segments during the forecast period.
Product Definition:
A two-wheeler tire is a pneumatic tire that is specifically designed for use on a motorcycle, scooter, or other type of two-wheeled vehicle. Two-wheeler tires are typically narrower and taller than those used on four-wheeled vehicles, and they often have a more rounded profile in order to better conform to the uneven surfaces common to motorcycles and scooters. Because of the high speeds at which these vehicles travel, two-wheeler tires must be able to provide good traction and handling while also resisting wear and tear.
Less than 18:
It is the section of the tire that is smaller than 18 inches in diameter. The less than 18 inch tires are manufactured for two-wheeler vehicles and scooters. It has a major role to play in scooter industry as it provides better stability while riding and also reduces the chances of falling off owing to its low center of gravity.
Greater than or Equal to 18:
The Greater than or Equal to 18 (GTE) is a rating used for tires that have better performance in terms of stability and safety. The GTE provides improved braking distance, steering control, and wet grip. It also helps in maintaining the vehicle’s original handling characteristics under adverse driving conditions like snowfall or rainstorm.
The two wheeler tire industry has been witnessing significant growth over the past few years on account of rising demand for scooters.
Application Insights:
The scooter segment held the largest share of over 50.0% in 2017. The growth can be attributed to increasing demand for low cost and convenient modes of transport across the globe. Scooters are available at an affordable price range, which attracts a large number of consumers globally, thus driving the market growth. In addition, favorable government regulations regarding helmet wearing for riders below 150cc and above are encouraging people to opt for smaller two wheelers over larger ones in order to reduce injuries caused by accidents with larger vehicles.
The motorcycle segment is expected to grow at a significant rate during the forecast period owing to rising disposable income among consumers globally coupled with their interest in riding motorcycles due to its association with masculinity and machismo culture prevalent across various regions including Asia Pacific Africa Latin America Europe North America Middle East & Africa Oceania Central & South America).
Regional Analysis:
Asia Pacific dominated the global two-wheeler tires market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period, with China accounting for a major chunk of the overall industry. Factors such as low cost of production and high demand for two-wheelers are projected to drive regional growth. Furthermore, increasing sales tax on four-wheelers has resulted in consumers opting for motorcycles and scooters instead, which will further fuel regional growth over the coming years.
Europe was estimated at USD X billion in 2017 and is anticipated to witness significant growth over the forecast period owing to rising product demand from countries such as Germany, Italy.
Growth Factors:
- Increasing demand for two wheelers in developing countries
- Rising income levels of the middle-class population in developing countries
- Increasing awareness about the benefits of using two wheeler tires among consumers
- Technological advancements in the manufacturing of two wheeler tires
- Growing popularity of adventure sports and tourism
Scope Of The Report
Report Attributes
Report Details
Report Title
Two Wheeler Tires Market Research Report
By Type
Less than 18, Greater than or Equal to 18
By Application
Motorcycle, Scooter, Moped
By Companies
Apollo Tyres Ltd., Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Ind. Co., Ltd., Continental Aktiengesellschaft, Cooper Tire & Rubber Company, Deestone Company Limited, Giti Tire Pte. Ltd., Hangzhou Zhongce Rubber CO., LTD., JK Tyre& Industrie, Kenda Rubber Industrial Co., Ltd., MITAS a.s., MRF Limited, PT Gajah Tunggal TBK, PT MultistradaArahSarana, T SuryarayaRubberindo Industries, Pirelli & C. S.p.A., Rinaldi S/A Industria de Pneumaticos, TVS Srichakra Limited
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Two Wheeler Tires Market Report Segments:
The global Two Wheeler Tires market is segmented on the basis of:
Types
Less than 18, Greater than or Equal to 18
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
Motorcycle, Scooter, Moped
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:
- Apollo Tyres Ltd.
- Bridgestone Corporation
- CEAT Limited
- Cheng Shin Rubber Ind. Co., Ltd.
- Continental Aktiengesellschaft
- Cooper Tire & Rubber Company
- Deestone Company Limited
- Giti Tire Pte. Ltd.
- Hangzhou Zhongce Rubber CO., LTD.
- JK Tyre& Industrie
- Kenda Rubber Industrial Co., Ltd.
- MITAS a.s.
- MRF Limited
- PT Gajah Tunggal TBK
- PT MultistradaArahSarana
- T SuryarayaRubberindo Industries
- Pirelli & C. S.p.A.
- Rinaldi S/A Industria de Pneumaticos
- TVS Srichakra Limited
Highlights of The Two Wheeler Tires 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:
- Less than 18
- Greater than or Equal to 18
- By Application:
- Motorcycle
- Scooter
- Moped
- 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 Two Wheeler Tires 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.
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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?
Two Wheeler Tires are a type of tire specifically designed for use on motorcycles. They are narrower than regular motorcycle tires, and have a higher profile so they can better handle the high speeds and rough terrain common to motorcycle riding.
Some of the major companies in the two wheeler tires market are Apollo Tyres Ltd., Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Ind. Co., Ltd., Continental Aktiengesellschaft, Cooper Tire & Rubber Company, Deestone Company Limited, Giti Tire Pte. Ltd., Hangzhou Zhongce Rubber CO., LTD., JK Tyre& Industrie, Kenda Rubber Industrial Co., Ltd., MITAS a.s., MRF Limited, PT Gajah Tunggal TBK, PT MultistradaArahSarana, T SuryarayaRubberindo Industries, Pirelli & C. S.p.A., Rinaldi S/A Industria de Pneumaticos, TVS Srichakra Limited.
The two wheeler tires 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 Two Wheeler Tires 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 Two Wheeler Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Two Wheeler Tires 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 Two Wheeler Tires 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 Two Wheeler Tires Market Size & Forecast, 2018-2028
4.5.1 Two Wheeler Tires Market Size and Y-o-Y Growth
4.5.2 Two Wheeler Tires Market Absolute $ Opportunity
Chapter 5 Global Two Wheeler Tires 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 Two Wheeler Tires Market Size Forecast by Type
5.2.1 Less than 18
5.2.2 Greater than or Equal to 18
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Two Wheeler Tires 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 Two Wheeler Tires Market Size Forecast by Applications
6.2.1 Motorcycle
6.2.2 Scooter
6.2.3 Moped
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Two Wheeler Tires 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 Two Wheeler Tires 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 Two Wheeler Tires Analysis and Forecast
9.1 Introduction
9.2 North America Two Wheeler Tires 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 Two Wheeler Tires Market Size Forecast by Type
9.6.1 Less than 18
9.6.2 Greater than or Equal to 18
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 Two Wheeler Tires Market Size Forecast by Applications
9.10.1 Motorcycle
9.10.2 Scooter
9.10.3 Moped
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 Two Wheeler Tires Analysis and Forecast
10.1 Introduction
10.2 Europe Two Wheeler Tires 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 Two Wheeler Tires Market Size Forecast by Type
10.6.1 Less than 18
10.6.2 Greater than or Equal to 18
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 Two Wheeler Tires Market Size Forecast by Applications
10.10.1 Motorcycle
10.10.2 Scooter
10.10.3 Moped
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 Two Wheeler Tires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Two Wheeler Tires 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 Two Wheeler Tires Market Size Forecast by Type
11.6.1 Less than 18
11.6.2 Greater than or Equal to 18
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 Two Wheeler Tires Market Size Forecast by Applications
11.10.1 Motorcycle
11.10.2 Scooter
11.10.3 Moped
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 Two Wheeler Tires Analysis and Forecast
12.1 Introduction
12.2 Latin America Two Wheeler Tires 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 Two Wheeler Tires Market Size Forecast by Type
12.6.1 Less than 18
12.6.2 Greater than or Equal to 18
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 Two Wheeler Tires Market Size Forecast by Applications
12.10.1 Motorcycle
12.10.2 Scooter
12.10.3 Moped
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) Two Wheeler Tires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Two Wheeler Tires 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) Two Wheeler Tires Market Size Forecast by Type
13.6.1 Less than 18
13.6.2 Greater than or Equal to 18
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) Two Wheeler Tires Market Size Forecast by Applications
13.10.1 Motorcycle
13.10.2 Scooter
13.10.3 Moped
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 Two Wheeler Tires Market: Competitive Dashboard
14.2 Global Two Wheeler Tires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apollo Tyres Ltd.
14.3.2 Bridgestone Corporation
14.3.3 CEAT Limited
14.3.4 Cheng Shin Rubber Ind. Co., Ltd.
14.3.5 Continental Aktiengesellschaft
14.3.6 Cooper Tire & Rubber Company
14.3.7 Deestone Company Limited
14.3.8 Giti Tire Pte. Ltd.
14.3.9 Hangzhou Zhongce Rubber CO., LTD.
14.3.10 JK Tyre& Industrie
14.3.11 Kenda Rubber Industrial Co., Ltd.
14.3.12 MITAS a.s.
14.3.13 MRF Limited
14.3.14 PT Gajah Tunggal TBK
14.3.15 PT MultistradaArahSarana
14.3.16 T SuryarayaRubberindo Industries
14.3.17 Pirelli & C. S.p.A.
14.3.18 Rinaldi S/A Industria de Pneumaticos
14.3.19 TVS Srichakra Limited
