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Infinity Business Insights has published a comprehensive report on the global Two-Wheeler Tire Market category that provides a detailed analysis of the sector’s growth forecasts from 2023 to 2030. The report evaluates industries as well as the classification and standards of the Two-Wheeler Tire market using a complete and methodical methodology, resulting in the acquisition of accurate and reliable quantitative as well as qualitative Two-Wheeler Tire market data analysis.
Recent developments in the Two-Wheeler Tire Market include advancements in tire technology, leading to the production of high-performance tires with improved grip, durability, and efficiency. Manufacturers are increasingly focusing on developing radial tires, tubeless variants, and specialized tires tailored to different types of two-wheelers, from sportbikes to cruisers and off-road motorcycles. Moreover, there is a growing emphasis on eco-friendly and energy-efficient tire materials, contributing to reduced rolling resistance and improved fuel efficiency.
The global two-wheeler tire market is expected to reach USD 42.5 billion by 2028, growing at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2028.
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Top Companies in the Global Two-Wheeler Tire Market:
Bridgestone, Michelin, Continental, Pirelli, Hangzhou Zhongce Rubber, Giti Tire Pte, MRF Limited, JK Tyre & Industries, Apollo Tyres, CEAT Limited, TVS Srichakra, Cheng Shin Rubber Ind., PT Gajah Tunggal TBK, MITAS, Kenda Rubber Industrial, Cooper Tire & Rubber, PT Suryaraya Rubberindo Industries, PT Multistrada Arah Sarana, Deestone
Two-Wheeler Tire Market Segmentation Research
Two-Wheeler Tire Market Segmentation Research allows you to categorize industry into various segments based on types, applications, end-users, and regions.
Segmentation for Global Two-Wheeler Tire Market Based on Product Type and Application
Two-Wheeler Tire by Types
Motorcycle
Scooter
Moped
Other
Two-Wheeler Tire by Application
OEMs
Replacement
Regional analysis reveals varying trends in the adoption and production of two-wheeler tires. In Asia-Pacific, particularly in countries like India, China, and Southeast Asian nations, the market for two-wheeler tires is substantial due to the sheer volume of motorcycles and scooters on the roads. These regions witness continuous growth, driven by urbanization, increased disposable incomes, and the growing popularity of two-wheelers as affordable and convenient modes of transportation. In developed markets such as North America and Europe, where motorcycles and scooters are used primarily for recreational purposes, the market focuses on high-performance and specialty tires catering to enthusiasts and motorcyclists seeking enhanced riding experiences.
The future growth prospects for the Two-Wheeler Tire Market are promising. As urbanization continues to drive the adoption of two-wheelers for daily commuting and as consumers demand improved safety and performance, the demand for high-quality, technologically advanced tires is expected to rise. Additionally, as the electric two-wheeler market grows, specialized tires designed to meet the unique needs of electric motorcycles and scooters, including enhanced battery range and longevity, will become increasingly important. The market is also witnessing increased demand for smart tires that can provide real-time data on tire pressure, temperature, and wear, contributing to improved safety and maintenance.
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The scope of the Two-Wheeler Tire Market extends beyond traditional motorcycles and scooters. It encompasses a wide range of two-wheelers, including e-bikes, electric scooters, and mopeds, where tire performance is critical for safety and efficiency. Furthermore, the market includes aftermarket sales and replacement tires, ensuring that existing two-wheelers can benefit from the latest tire technology, thereby enhancing safety and performance.
Two-Wheeler Tire Market research FAQs:
1. What is a Two-Wheeler Tire market in an industry?
2. Which are the competitors in the Industry?
3. What’s trending in the Two-Wheeler Tire industry and in the eyes of buyers?
4. Who makes up the market and what their challenges are?
5. How to calculate market share size?
6. What is the relationship between Two-Wheeler Tire market demand and supply?
7. How do you identify a market opportunity?
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