The global two-wheeler tire market is projected to surpass $20 billion by 2025, according to the recent report released by TechSci Research titled “Global Two-Wheeler Tire Market By Vehicle Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2015-2025.” The report highlights the major drivers fueling the demand for two-wheeler tires worldwide, including the increasing sales of two-wheelers due to their maneuverability and high mileage, as well as the expanding fleet of two-wheelers. Additionally, the growing vehicle population and traffic congestion in urban areas, particularly in developing economies, contribute to the rising demand for two-wheelers.
The Asia-Pacific region holds the largest share in the global two-wheeler tire market, primarily due to its high population density and inadequate road infrastructure in major economies. Countries such as China and India play a significant role in driving the global two-wheeler tire market. Another contributing factor is the growing acceptance of two-wheeler taxis in various parts of the world, further boosting the demand for two-wheeler tires.
Browse 204 market data Figures spread through 291 Pages and an in-depth TOC on“Global Two-Wheeler Tire Market”
Leading two-wheeler tire manufacturers like Apollo, CEAT, MRF, IRC, and ZC Rubber are continuously expanding their business operations globally. They are also actively involved in research and development activities to manufacture technologically advanced, cost-effective, and efficient tires. This ongoing progress is expected to intensify competition in the global two-wheeler tire market over the next five years. Furthermore, companies worldwide are introducing performance-oriented radial tires to cater to different driving conditions, promoting the adoption of radial tires in the global two-wheeler tire market in the coming years.
In 2019, the scooter/moped segment dominated the global two-wheeler tire market. This was mainly driven by the high preference for scooters and mopeds, particularly in the Asia-Pacific region. The demand for scooters, especially from female drivers, has witnessed a significant rise in countries like India. Additionally, the rapid growth of premium scooters in European countries has further supported the dominance of the scooter segment and subsequently boosted sales of scooter tires in the global two-wheeler tire market.
TechSci Research also offers customers the opportunity to request a 10% free customization on the report. Mr. Karan Chechi, Research Director at TechSci Research, stated, “Low per capita income, rising crude oil prices, increasing traffic congestions, and poor public transport infrastructure in various major countries across Asia-Pacific and Africa are significant contributors to the growth of the global two-wheeler industry, driving the demand for two-wheeler tires. Moreover, with the general population’s growing inclination towards two-wheelers due to their maneuverability and the expansion of product portfolios by major two-wheeler tire manufacturers, the global two-wheeler tire market is poised to grow steadily over the next five years.”
The report, “Global Two-Wheeler Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2015-2025,” provides a comprehensive analysis of the potential of the global two-wheeler tire market. It offers valuable information and statistics on market structure, trends, emerging market trends, key drivers, and challenges faced by the global two-wheeler tire market. The report aims to provide clients with cutting-edge market intelligence to facilitate informed investment decisions.
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