Press Release

APAC to Continue Dominating Global Two-Wheeler Tire Market through 2023

Continuously growing two-wheeler sales volume coupled with expanding fleet size to drive global two-wheeler tire market through 2023

According to recently released TechSci Research report, “Global Two-Wheeler Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2013-2023’’, the global two-wheeler tire market is forecast to cross $ 18 billion by 2023. Major drivers boosting two-wheeler tire demand across the globe include rising two-wheeler sales due to their ease of maneuverability and high mileage coupled with expanding two-wheeler fleet. Asia-Pacific accounts for the lion’s share in the global two-wheeler tire market on account of high population density and inefficient road infrastructure across various major economies of the region. Continuous business expansion of prominent two-wheeler tire manufacturing companies across the globe such as Apollo, CEAT, MRF, IRC, ZC Rubber, etc., and their continuing research and development activities to manufacture technologically advanced, economical as well as more efficient tires and their growing product portfolio is further anticipated to intensify the competition in the two-wheeler tire market across the globe over the course of the next five years.

Browse 204 market data Figures spread through 291 Pages and an in-depth TOC on   "Global Two-Wheeler Tire Market"

Scooter/moped segment dominated the global two-wheeler tire segment in 2017 on the back of growing preference for scooters and mopeds, especially in Asia-Pacific region, and among the younger generation. A steep rise in demand for scooters has been registered in countries such as India due to rising demand from female drivers. Moreover, dominance of scooter segment was further supported by rapid increase in demand for premium scooters in European countries over the last few years, which has consequently led to higher sales of scooter tires in the global two-wheeler tire market. Furthermore, mopeds, which don’t require license in many countries, is largely being used in countries having large influx of tourist, thereby stimulating demand for moped tires.

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“Low per capita income, rising crude oil prices, increasing traffic congestions along with poor public transport infrastructure in various major countries across Asia-Pacific and Africa are contributing significantly towards the growth of the global two-wheelers industry, and thus, two-wheeler tire market. Moreover, with growing inclination of general population towards two-wheelers owing to their high maneuverability and expansions of product portfolios by major two-wheeler tire manufacturers, the global two-wheeler tire market is poised to grow at a brisk pace over the next five years.’’ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Two-Wheeler Tire Market By Vehicle Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2013-2023 has analyzed the potential of global two-wheeler tire market, and provides information and statistics on market structure and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the global two-wheeler tire market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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