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Global Two-wheeler Tire Market 2019-2023

  • Published: Mar 2019
  • Pages: 129
  • SKU: IRTNTR31139
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The global two-wheeler tire market is forecast to grow at a CAGR of almost 10% during 2018-2023, and the market size will increase by USD 4.53 billion during the forecast period of 2019-2023. Between 2018-2023, the two wheeler tire market will grow at a faster pace than the overall market growth in 2019. The growth momentum of the two-wheeler tire market is expected to accelerate in the second half of the forecast period compared to the increase in the first half.

The two-wheeler tire market is fragmented, and the degree of fragmentation is expected to remain the same by 2023. An outlook of accelerating growth would provide opportunities to all market participants to grow. Market participants should focus on the opportunities on the demand side rather than getting overly impacted with the competitive dynamics. The accelerating growth momentum will be one of the contributing factors moderating the competitive intensity in the market over the forecast period.

Some of the key findings from our global two-wheeler tire market forecast report are summarized below

Two-wheeler Tire Market

Motorcycles was the largest segment within the overall market in 2018 and will continue to remain so in 2023. The growth rate of the scooters segment will be faster than the global market growth during the forecast period 2019-2023. However, the growth rate of the motorcycles segment will be slower than the overall market growth.

To identify growth opportunities in the two-wheeler tire market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. Europe, Middle East and Africa, and South America will grow faster than the overall market. APAC and North America’s growth will be slower than the global market.

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This two-wheeler tire market report provides a detailed analysis of the market by application (motorcycles and scooters) and geography (APAC, Europe, the Middle East and Africa, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Bridgestone Corporation, Continental AG, JK TYRE & INDUSTRIES LTD, MRF, TVS SRICHAKRA LIMITED, and ZC-RUBBER.

Global two-wheeler tire industry overview

High-performance tires are generally used in heavyweight motorcycles and sports motorcycles to enhance their performance. These tires provide firm grip and performance to the bikes even at high speeds. With the growing popularity and increasing demand for sports and heavyweight motorcycles, the demand for high-performance two-wheeler tires will also grow. The demand for high-performance electric motorcycles is also growing especially in developed economies. These motorcycles are increasingly adopting high-performance tires to minimize their energy consumption. The growing demand for high-performance tires will be one of the key trends that will boost the growth of the two-wheeler tire market.

The recent years witnessed a rapid rise in new two-wheeler sales, especially in emerging economies. This subsequently drives the demand for two wheeler tires as they are subject to high wear and tear. The demand for two-wheeler replacement tires is high in countries such as India, China, Vietnam, Indonesia, and Thailand. Mature automobile markets such as the US, Japan, and countries in Western Europe are also registering the high sale of two-wheeler tires because of the widening pool of aging two-wheelers. With the growing number of two-wheelers across the world, the need for replacement tires will drive two wheeler tire market growth at a CAGR of almost 10% during the forecast period.

Top companies covered in the two-wheeler tire market research report

The global two-wheeler tire market is fragmented. To help clients improve their market position, the report provides an analysis of the market’s competitive landscape and offers information on the products offered by companies. Moreover, the two wheeler tire market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the future growth opportunities.

The report offers a detailed analysis of several leading two-wheeler tire manufacturers, including:

  • Bridgestone Corporation
  • Continental AG
  • JK TYRE & INDUSTRIES LTD
  • MRF
  • TVS SRICHAKRA LIMITED
  • ZC-RUBBER

Two-wheeler tire market segmentation based on application

  • Motorcycles
  • Scooters

The motorcycles segment will account for the highest two-wheeler tire market share. The growing affordability of motorcycles will be one of the significant factors driving the growth of the global two wheeler tire market in the segment.

Two-wheeler tire market segmentation based on geographic region

  • APAC
  • Europe
  • The Middle East and Africa
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that APAC will account for the highest two-wheeler tire market share throughout the forecast period. The adoption of commuter scooters and motorcycles and the rising number of high net worth individuals (HNWIs) are some of the factors responsible for the high two-wheeler tire market growth in the region.

Key highlights of the global two-wheeler tire market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the two-wheeler tire market during the next five years
  • Precise estimation of the global two-wheeler tire market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industry across APAC, Europe, the Middle East and Africa, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of the companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Motorcycles - Market size and forecast 2018-2023
  • Scooters - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Middle East and Africa - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Use of RFID technology in two-wheeler tires
  • Growing demand for high-performance tires
  • Adoption of environment-friendly tire manufacturing processes

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bridgestone Corporation
  • Continental AG
  • JK TYRE & INDUSTRIES LTD
  • MRF
  • TVS SRICHAKRA LIMITED
  • ZC-RUBBER

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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