About Motorcycle Tires
Motorcycle Tires, known as the outer part of motorcycle wheels which provides a clear development of steady improvement in grip, allows better acceleration, absorbs surface irregularities, and turning. All these features improve the stability, durability, and reliability of motorcycle. These tiers are made up of natural rubber or a combination of both natural and synthetic rubber which enables to provide the better performance by the tiers. Motorcycle tires are the most important part of a vehicle which ensures the complete safety of a person. Increasing usage of a motorcycle in APAC regions are driving the market of motorcycle tires.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Motorcycle tire market is concentrated owing to a number of players present in the market. Some of the leading players in the market are Apollo Tyres Ltd. JK Tire & Industries, MRF Limited, Bridgestone Corporation, and others. Generating, competition for the new companies in the market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Motorcycle Tires market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apollo Tires Ltd. (India), Bridgestone Corporation (Japan), CEAT Limited (India), Cheng Shin Rubber Ind. Co., Ltd. (Taiwan), JK Tire & Industrie (India), Kenda Rubber Industrial Co., Ltd. (Taiwan), MRF Limited (India), PT Gajah Tunggal TBK (Indonesia), Multi Strada Arah Sarana (Indonesia) and Rinaldi S/A Industria de Pneumaticos (Brazil are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Compagnie Générale des Établissements Michelin (France), Continental Aktiengesellschaft (Germany), Cooper Tire & Rubber Company (United States), Giti Tire Pte. Ltd. (Singapore), Hangzhou Zhongce Rubber CO., LTD. (China), Rinaldi S/A Industria de Pneumaticos (Brazil), TVS Srichakra Limited (India), Pirelli & C. S.p.A. (Italy), Deestone Company Limited (Thailand) and MITAS (Prague).
Segmentation Overview
AMA Research has segmented the market of Global Motorcycle Tires market by Type (Tubed Tire, Tubeless Tire, Solid Tire, Sport Street Tires, Slick Tires, Cruiser Tires, Off-Road Tires and Touring Tires), Application (Scooters, Mopeds and Others) and Region.
On the basis of geography, the market of Motorcycle Tires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Bike Type , the sub-segment i.e. Dirt bikes will boost the Motorcycle Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Original Equipment Manufacturer (OEM) will boost the Motorcycle Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Self-Inflating Tires among Racers is a Key Trend, Increasing Demand for Fossil-Free Tires and Use of Dandelion Rubber in Place of Natural Rubber
Market Growth Drivers:
Rising Growth Owing to the Growing Culture of Racing and Touring, Increasing Investments by Manufacturers on Smart Tires and Rising Automotive Sector Globally
Challenges:
Issue Related to the Counterfeit Product of Tiers and Intense Competition between Tire Manufacturers
Restraints:
Increasing Prices of Raw Materials
Opportunities:
Growing Demand for Motorcycles in APAC and Increase in the Income of People, Will Witness an Increase in the Purchase of Motorcycles in Developing Regions
Market Leaders and their expansionary development strategies
In January 2024, Ceat has launched a new range of steel radial tyres, Sportrad and Crossrad in India. This premium range of steel radial tyres is designed for high-performance motorcycles. The Sportrad series is designed for high speed and cornering, while the Crossrad is a multi-terrain tyre.
Key Target Audience
Raw Material Suppliers, Tire Manufactures, Rubber, Chemical, and Equipment Suppliers, Vehicle Services and Tire distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.