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Two Wheeler Tire Market Size, Industry Trends Report | 2031

Two Wheeler Tire Market

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Segments - by Types (Motorcycle Tires, Scooter Tires, Moped Tires, and Others), Applications (OEMs and Aftermarket), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author:

Akash Vedpathak

Fact-checked by:

Amulya Agarwal

Editor:

Shreyas Tandon

Report Description

The global two wheeler tire market size was valued at around USD 13.87 Billion in 2022 and is estimated to reach USD 19.2 Billion by 2031, expanding at a CAGR of around 3.68% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing disposable income and rapid development in the two wheeler electric market.

Two wheeler tires are manufactured from rubber, carbon black, chemicals, and metals to ensure traction on the road and smooth running of the vehicle. Timely maintenance is required to ensure long and smooth life of two wheeler vehicle, which has led to more demand for high quality tires.

Market Trends, Drivers, Restraints, and Opportunities

Rapid urbanization, rural development, and surging middle class population are some of the key factors increasing the demand for two wheeler vehicles across the globe.
Rising traffic and lack of availability of parking space in cosmopolitan cities are boosting the growth of the two wheeler tire market.
Trade barriers between the US and China can restrain the market growth.
The outbreak of COVID-19 had affected the market in various aspects. Several two wheeler tire manufacturers are facing issues in accessing raw material as the supply chain is disrupted owing to imposed lockdown. However, the restrictions have been relaxed in various parts of the world, stimulating the market growth.
Ongoing development of radial tire technology can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the global two wheeler tire market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Two wheeler tire Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Motorcycle Tires, Scooter Tires, Moped Tires, and Others) and Application (OEMs and Aftermarket)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Ceat, MRF, TVS Srichakra, Apollo Tyres Ltd, JK Tyre & Industries Ltd, Hangzhou Zhongce Rubber CO, Rinaldi S/A Industria de Pneumaticos, Bridgestone Corp, Compagnie GÃ©nÃ©rale des Ã‰tablissements Michelin SCA, Cooper Tire and Rubber, Hankook Tire, Sumitomo Rubber Industries, Superking Manufacturers (Tyre), and Yokohama Rubber

Two Wheeler Tire Market Segment Insights:

Scooter tires and moped tires segments to account a large market share

Based on types, the market is segmented into motorcycle tires, scooter tires, moped tires, and others. The scooter tires and moped tires segments are anticipated to account for a large market share owing to the high level of traction and agile handling of two wheelers offered by these tires . Rising demand for two-wheelers for personal transportation has stimulated the two wheeler production in emerging economies driving the growth of both the segments.

OEMs segment to grow at a steady rate

Based on applications, the two wheeler tire market is segmented OEMs and aftermarket. The OEMs segment is anticipated to grow at a steady rate owing to the increasing sale of two-wheelers and increasing number of electric manufacturers in two-wheelers market.

The market in Asia Pacific to exhibit a high CAGR

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the market in 2020, in terms of volume and revenue. India and China were the prominent countries for the two wheeler tire market.

Both of these countries accounted for large number of two-wheeler tire sales. The combined market share of these countries is over 80 percent in the global two wheeler tire market. However, North America and Africa is expected to account for a considerable market share owing to increasing demand for motorcycle tires.

Segments

The global two wheeler tire market has been segmented on the basis of

Types

Motorcycle Tires
Scooter Tires
Moped Tires
Others

Applications

OEMs
Aftermarket

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Ceat
MRF
TVS Srichakra
Apollo Tyres Ltd
JK Tyre & Industries Ltd
Hangzhou Zhongce Rubber CO
Rinaldi S/A Industria de Pneumaticos
Bridgestone Corp
Compagnie GÃ©nÃ©rale des Ã‰tablissements Michelin SCA
Cooper Tire and Rubber
Hankook Tire
Sumitomo Rubber Industries
Superking Manufacturers (Tyre)
Yokohama Rubber

Competitive Landscape

The major players of the market are Ceat, MRF, TVS Srichakra, Apollo Tyres Ltd, JK Tyre & Industries Ltd, Hangzhou Zhongce Rubber CO, Rinaldi S/A Industria de Pneumaticos, Bridgestone Corp, Compagnie GÃ©nÃ©rale des Ã‰tablissements Michelin SCA, Cooper Tire and Rubber, Hankook Tire, Sumitomo Rubber Industries, Superking Manufacturers (Tyre), Yokohama Rubber.

Major companies operating in global two wheeler tire market are expanding their dealership and distributorship network while expanding their product portfolio to meet the requirements of different driving conditions.

Two Wheeler Tire Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Two Wheeler Tire Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Two Wheeler Tire Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Two Wheeler Tire Market - Supply Chain
  4.5. Global Two Wheeler Tire Market Forecast
     4.5.1. Two Wheeler Tire Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Two Wheeler Tire Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Two Wheeler Tire Market Absolute $ Opportunity
5. Global Two Wheeler Tire Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Two Wheeler Tire Market Size and Volume Forecast by Types
     5.3.1. Motorcycle Tires
     5.3.2. Scooter Tires
     5.3.3. Moped Tires
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Two Wheeler Tire Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Two Wheeler Tire Market Size and Volume Forecast by Applications
     6.3.1. OEMs
     6.3.2. Aftermarket
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Two Wheeler Tire Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Two Wheeler Tire Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Two Wheeler Tire Demand Share Forecast, 2019-2026
8. North America Two Wheeler Tire Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Two Wheeler Tire Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Two Wheeler Tire Market Size and Volume Forecast by Types
     8.4.1. Motorcycle Tires
     8.4.2. Scooter Tires
     8.4.3. Moped Tires
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Two Wheeler Tire Market Size and Volume Forecast by Applications
     8.7.1. OEMs
     8.7.2. Aftermarket
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Two Wheeler Tire Demand Share Forecast, 2019-2026
9. Latin America Two Wheeler Tire Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Two Wheeler Tire Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Two Wheeler Tire Market Size and Volume Forecast by Types
     9.4.1. Motorcycle Tires
     9.4.2. Scooter Tires
     9.4.3. Moped Tires
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Two Wheeler Tire Market Size and Volume Forecast by Applications
     9.7.1. OEMs
     9.7.2. Aftermarket
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Two Wheeler Tire Demand Share Forecast, 2019-2026
10. Europe Two Wheeler Tire Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Two Wheeler Tire Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
  10.4. Europe Two Wheeler Tire Market Size and Volume Forecast by Types
     10.4.1. Motorcycle Tires
     10.4.2. Scooter Tires
     10.4.3. Moped Tires
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Two Wheeler Tire Market Size and Volume Forecast by Applications
     10.7.1. OEMs
     10.7.2. Aftermarket
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Two Wheeler Tire Demand Share Forecast, 2019-2026
11. Asia Pacific Two Wheeler Tire Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Two Wheeler Tire Market Size and Volume 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. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Two Wheeler Tire Market Size and Volume Forecast by Types
     11.4.1. Motorcycle Tires
     11.4.2. Scooter Tires
     11.4.3. Moped Tires
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Two Wheeler Tire Market Size and Volume Forecast by Applications
     11.7.1. OEMs
     11.7.2. Aftermarket
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Two Wheeler Tire Demand Share Forecast, 2019-2026
12. Middle East & Africa Two Wheeler Tire Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Two Wheeler Tire Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Two Wheeler Tire Market Size and Volume Forecast by Types
     12.4.1. Motorcycle Tires
     12.4.2. Scooter Tires
     12.4.3. Moped Tires
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Two Wheeler Tire Market Size and Volume Forecast by Applications
     12.7.1. OEMs
     12.7.2. Aftermarket
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Two Wheeler Tire Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Two Wheeler Tire Market: Market Share Analysis
  13.2. Two Wheeler Tire Distributors and Customers
  13.3. Two Wheeler Tire Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

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