The report is titled ‘Two-Wheeler Tire Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the two-wheeler tire market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The two-wheeler tire market is expected to grow at a significant rate in the near future.
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Two-Wheeler Tire Introduction
The two-wheeler tires can be understood as the outlying portion of motorcycle wheels, fastened to the rims, offering traction, resistant to wear, soaking up surface unevenness, and enabling the motorcycle to turn by means of counter steering. The two tyres’ contact blotches are the two wheelers’ association to the ground, and so are primary to the motorcycle’s suspension behaviour, and significantly influence braking, safety, noise, fuel economy, and rider comfort.
Two-Wheeler Tire Market Dynamics
The constantly evolving automotive industry as well as emergence of advanced technologies is majorly driving the growth of the global two-wheeler tire market. There has been a continuous advancement in automation technology, structure as well as design which is positively elevating the demand of two-wheeler tires across the global markets. In addition to that, the rising urbanization at a rapid pace is paving its way to more and more clearance of space for better infrastructure and constructional activities, which is ultimately projected to escalate the demand of two-wheelers in the near future. Owing to which, the global two-wheeler tires market is estimated to rise significantly in the following years.
However, costs of raw material, such as synthetic rubber and natural rubber keep fluctuating owing to the lack of natural rubber cultivation, which in turn, is likely to propel the entire cost of tires. Such factors are estimated to hold back the growth of the global two-wheeler tires market in the coming years.
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Two-Wheeler Tire Market Segmentation
The global two-wheeler tire market is segmented on the basis of tire type, tube specification, rim size, 2W type, sales channel, and by region.
By Tire Type
- Pneumatic Tire
- Solid/Others (Advanced Tire)
By Tube Specification
- Tube Tire
- Tubeless Tire
By Rim Size
- Less than 10 inches
- 10-13 inches
- 14-17 inches
- 18-21 inches
- More than 21 inches
By 2W Type
- ICE Motorcycle
- ICE Scooter/Moped
- Electric Motorcycle
- Electric Scooter/Moped
By Sales Channel
- North America
- Latin America
- Asia Pacific
- Middle East
Two-Wheeler Tire Market Key Players
The key participating players of the global two-wheeler tire market include Apollo Tyres Ltd., Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Ind. Co. Ltd., Continental Tire, Dunlop, Giti Tire Pte. Ltd., Goodyear, Hangzhou Zhongce Rubber CO. LTD., Hankook Tires, JK Tyre & Industries Ltd., Maxxis Tyres, Metzelers, Michelin, MRF Limited, Pirelli, Ralco Tyres, Rinaldi S/A Industria de Pneumaticos, Sailun Tires, Triangle Tires, TVS Srichakra Limited, Yokohama, among others.
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