Global Two Wheeler Tires Market Overview:
Two wheeler tires are manufactured from rubber and other raw material which provide traction for smooth running of the vehicle. Increase in sale of two wheelers and propelling electric vehicle market supplementing the growth of two wheeler tire market. In addition, Market players focusing on development of anti-skid, enhanced grip tyres, flat run tires, eco tires, nitrogen using tires and others are further driving the market owing to increase in demand of specialized material used in tires to improve tire quality and sidewalls for increasing lifeline of the tire . As per latest AMA study, the Global Two Wheeler Tires market is expected to see growth rate of 4.4%
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Apollo Tires Ltd. (India), Bridgestone Corporation (Japan), CEAT Limited (India), Cheng Shin Rubber Ind. Co., Ltd. (Taiwan), 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), JK Tire & Industrie (India), Kenda Rubber Industrial Co., Ltd. (Taiwan), MRF Limited (India), PT Gajah Tunggal TBK (Indonesia), Multi Strada Arah Sarana (Indonesia), Rinaldi S/A Industria de Pneumaticos (Brazil) and TVS Srichakra Limited (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rise in Sales of Two Wheelers
- Technical Advancement in Tire Manufacturing
Roadblocks
- Fluctuating Raw Material Prices
Opportunities
- Probable Incorporation of Guayule Rubber Made Tires
Challenges
- Growing Dominance of Local Manufacturers
Competitive Landscape:
Two wheeler tire market is concentrated owing to 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.
Some of the key players profiled in the report are Apollo Tires Ltd. (India), Bridgestone Corporation (Japan), CEAT Limited (India), Cheng Shin Rubber Ind. Co., Ltd. (Taiwan), 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), JK Tire & Industrie (India), Kenda Rubber Industrial Co., Ltd. (Taiwan), MRF Limited (India), PT Gajah Tunggal TBK (Indonesia), Multi Strada Arah Sarana (Indonesia), Rinaldi S/A Industria de Pneumaticos (Brazil) and TVS Srichakra Limited (India). Additionally, following companies can also be profiled that are part of our coverage like Pirelli & C. S.p.A. (Italy), Deestone Company Limited (Thailand) and MITAS (Prague). Analyst at AMA Research see India Vendors to retain maximum share of Global Two Wheeler Tires market by 2027. Considering Market by By Demand , the sub-segment i.e. OEM will boost the Two Wheeler Tires market. Considering Market by By Vehicle type, the sub-segment i.e. Motorcycle will boost the Two Wheeler Tires market. Considering Market by By Tire Size, the sub-segment i.e. Less than 18 will boost the Two Wheeler Tires market.
What Can be Explored with the Two Wheeler Tires Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Two Wheeler Tires Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Two Wheeler Tires
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Two Wheeler Tires market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Two Wheeler Tires market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Two Wheeler Manufacturers, Tire Manufacturers, Government Bodies, Market research Firms, Research Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.