Two-wheeler Tires Market Analysis

Two-wheeler Tires Market Analysis

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Based on tires, the market is segmented into tubed and tubeless. In 2023, the tubed segment accounted for over 55% of the market share and is expected to exceed USD 9 billion by 2032. Budget-friendly and traditional two-wheelers, especially in developing countries, mainly use tubed tires, giving this segment a large share in the two-wheeler tires market.
 

Tubed tires are cheaper to produce and maintain than tubeless tires, making them the preferred choice where cost is crucial. Additionally, motorcycles and scooters in rural or rough areas often use tubed tires for their durability and easy repair. As a result, tubed tires are very popular in markets such as India, Southeast Asia, and Africa?.
 

Based on the vehicle, the two-wheeler tire market is divided into motorcycle and scooter. The motorcycle segment held 75.8% of the market share in 2023. Motorcycles lead the market, particularly in developing regions such as Asia-Pacific, where they serve as a vital mode of transportation in both urban and rural areas. Their affordability, fuel efficiency, and maneuverability make them highly favored among commuters.
 

Moreover, the larger engines and higher speeds associated with motorcycles result in faster tire wear, driving a continuous demand for replacements. As disposable incomes rise, motorcycle ownership increases, further fueling tire demand in this segment. Additionally, the growing trend of urbanization and an expanding middle class in emerging economies are expected to sustain this growth, solidifying motorcycles' dominance in the market.
 

China two-wheeler tires market accounted for 60% of the revenue share in 2023, due to its large manufacturing capabilities and high demand for motorcycles as a primary mode of transportation. Rapid urbanization and a growing population have increased motorcycle ownership, driven by the need for affordable and efficient commuting. Additionally, China's extensive network of tire manufacturers ensures competitive pricing and innovation, strengthening its market position.
 

In North America, the market favors high-performance motorcycles. The rising interest in recreational riding and off-road activities has boosted demand for specialized tires for various terrains. Moreover, growing awareness of the benefits of motorcycle riding, such as fuel efficiency and reduced traffic congestion, is expected to drive growth in this segment.
 

Europe's two-wheeler tire market benefits from a strong motorcycle culture, especially in urban areas where two-wheelers are a convenient alternative to cars. Strict regulations promoting emissions reductions have led to an increase in electric and hybrid motorcycles. This shift towards eco-friendly vehicles is driving demand for specialized tires, further solidifying Europe’s market position.