Press Release

Two Wheeler Tire Market to Reach $ 20 Billion by 2025

Continuously growing two-wheeler sales coupled with expanding fleet size to drive global two-wheeler tire market through 2025

According to recently released TechSci Research report, “Global Two-Wheeler Tire Market By Vehicle Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2015-2025’’, the global two-wheeler tire market is forecast to cross $ 20 billion by 2025. 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. Increasing vehicle population and traffic congestion on city roads is also boosting demand for two-wheelers, especially in the developing economies. 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, which leads to higher adoption of two-wheelers. Countries such as China and India are major contributor to the global two-wheeler tire market. Growing acceptance of two-wheeler taxis is another reason fueling the demand for two-wheelers in different parts of world, which is another reason fueling the demand for two-wheeler tires.

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

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 is further anticipated to intensify the competition in the two-wheeler tire market across the globe over the course of the next five years. Companies across the world are also introducing more performance-oriented radial tires to better suit different driving conditions, which is further anticipated to promote the level of radialization in global two-wheeler tire market in the coming years.

The Scooter/moped segment dominated the global two-wheeler tire segment in 2019 on the back of high preference for scooters and mopeds, especially in the Asia-Pacific region. 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.

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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, which is driving demand for two-wheeler tires. 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 decent 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, 2015-2025 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

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