Two-Wheeled Vehicle Tires Market: Insights into Market CAGR, Market Trends, and Growth Strategies
The "Two-Wheeled Vehicle Tires Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Two-Wheeled Vehicle Tires market is expected to grow annually by 5.8% (CAGR 2024 - 2031).
This entire report is of 167 pages.
Two-Wheeled Vehicle Tires Introduction and its Market Analysis
The Two-Wheeled Vehicle Tires market research report provides a detailed assessment of the market conditions, target market, and major factors driving revenue growth. Two-Wheeled Vehicle Tires are specifically designed for motorcycles, scooters, and bicycles. The market analysis includes key players such as Continental Tires, Dunlop, Michelin, Bridgestone, Metzeler, Pirelli, and others. The main findings of the report indicate a growing demand for high-performance tires due to increased sales of motorcycles and bicycles, particularly in developing countries. Recommendations include investing in research and development to innovate and cater to changing consumer preferences.
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The global two-wheeled vehicle tires market is segmented into various categories including on-road tires, trail tires, scooter tires, moped tires, and others. These tires cater to different types of two-wheeled vehicles and are used in both OEM and aftermarket applications. The increasing demand for efficient and durable tires in the market is driving the growth of this industry.
However, regulatory and legal factors specific to market conditions play a crucial role in shaping the industry. The market is subject to various regulations related to safety standards, environmental protection, and import/export laws. Compliance with these regulations is essential for manufacturers to ensure the quality and safety of their products. Moreover, fluctuations in raw material prices, trade tariffs, and government policies can also impact the market conditions.
As the two-wheeled vehicle tires market continues to expand, companies need to stay abreast of the regulatory landscape to navigate challenges and capitalize on opportunities in this dynamic industry. Adhering to legal requirements and maintaining high quality standards will be key factors in driving success in this competitive market.
Top Featured Companies Dominating the Global Two-Wheeled Vehicle Tires Market
The two-wheeled vehicle tires market is highly competitive with several key players dominating the industry. Some of the major companies operating in this market include Continental Tires, Dunlop, Michelin, Bridgestone, Metzeler, Pirelli, Maxxis, Heidenau, Shinko Group, Anlas, Kenda, Mitas (Trelleborg Group), Avon, Zhongce Rubber, Cheng Shin Rubber, TIMSUN, Jilu'er Tyre, Nankang, Kingtyre, Sichuan Yuanxing Rubber, SALSONS, and Vee Rubber.
These companies offer a wide range of tires for motorcycles, scooters, and other two-wheeled vehicles, catering to both OEMs and aftermarket customers. They compete on factors such as product quality, pricing, brand reputation, and distribution network to gain market share.
These companies utilize various strategies to grow in the two-wheeled vehicle tires market, such as product innovation, strategic partnerships, mergers and acquisitions, and expanding their global presence. They also invest in research and development to develop advanced tire technologies that improve performance, durability, and safety.
In terms of sales revenue, some of the key players in the market include Continental Tires, Dunlop, Michelin, and Bridgestone. For instance, Continental Tires reported sales revenue of approximately $ billion in 2020, while Michelin reported sales revenue of around $22 billion in the same year. These companies continue to invest in the two-wheeled vehicle tires market to capitalize on the growing demand for motorcycles and scooters globally.
- Continental Tires
- Dunlop
- Michelin
- Bridgestone
- Metzeler
- Pirelli
- Maxxis
- Heidenau
- Shinko Group
- Anlas
- Kenda
- Mitas (Trelleborg Group)
- Avon
- Zhongce Rubber
- Cheng Shin Rubber
- TIMSUN
- Jilu'er Tyre
- Nankang
- Kingtyre
- Sichuan Yuanxing Rubber
- SALSONS
- Vee Rubber
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Two-Wheeled Vehicle Tires Market Analysis, by Type:
- On-Road Tires
- Trail Tires
- Scooter Tires
- Moped Tires
- Others
On-road tires are designed for smooth pavement, providing excellent grip and handling. Trail tires are more rugged, with deep treads for off-road use. Scooter tires are specialized for urban commuting, offering agility and smooth rides. Moped tires are similar to scooter tires but are designed for lower speeds and lighter vehicles. Other types include sport bike tires for high performance and cruiser tires for long-distance comfort. By offering a variety of options to cater to different needs and preferences, the two-wheeled vehicle tires market is able to attract a wider range of customers, boosting demand for their products.
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Two-Wheeled Vehicle Tires Market Analysis, by Application:
- OEM
- Aftermarket
Two-wheeled vehicle tires are used in both OEM (Original Equipment Manufacturer) and aftermarket applications. In OEM, tires are supplied directly by manufacturers for new vehicles, ensuring quality and compatibility. Aftermarket tires are purchased by consumers to replace worn-out or damaged tires. These tires are crucial for providing traction, stability, and handling on various road surfaces, enhancing overall performance and safety of the vehicle. The fastest growing application segment in terms of revenue is the aftermarket, as consumers are increasingly looking to customize and upgrade their two-wheeled vehicles with high-performance and specialty tires.
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Two-Wheeled Vehicle Tires Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Two-Wheeled Vehicle Tires market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, USA, and China. Among these regions, APAC and China are expected to dominate the market, with a market share of approximately 30% and 25% respectively. Europe and North America are also expected to hold a significant market share, around 20% each. The growth of the Two-Wheeled Vehicle Tires market is attributed to the increasing demand for motorcycles and scooters in developing countries, as well as the rising popularity of recreational biking in developed nations.
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