The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Asia-Pacific Two-Wheeler Tire Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Asia-Pacific Two-Wheeler Tire Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Asia-Pacific Two-Wheeler Tire Market size was valued at around USD 10.16 billion in 2022 and is estimated to grow at a CAGR of around 7.39% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Asia-Pacific Two-Wheeler Tire Market Segmentation?
The report has segmented the market into the following categories:
By Vehicle Type
- Scooter and Moped- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Electric
- Upto 100CC – Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 101 cc to 125 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 126 cc to 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Above 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Motorcycle- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Electric
- Upto 100CC- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 101 cc to 125 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 126 cc to 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Above 150 cc- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Tire Size
- 140/70-17- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 80/90-14- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 90/90-14- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- 80/90-17- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Others (70/90-17, 110/70-17 etc.)- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Tire Type
- Radial- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Bias – Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Price Category
- Budget (Upto USD 10)- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Economy (USD 11- USD 30) – Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Premium (Above USD 31)- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
The budget and economy-type tires are anticipated to hold a dominant position in the market. In the Asia-Pacific region, price sensitivity plays a crucial role in decision-making. As budget & economy-type tires deliver a balance between quality & price, both segments are attractive options for a larger portion of the population, particularly those with lower budgets. As Two-Wheelers are widely used for daily commuting and food delivery services, they tend to accumulate high mileage, and their tires wear out relatively quickly. Thus, budget or economy tires allow riders to replace them more frequently without incurring a significant financial burden.
By Sales Channel
- Online- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Direct Sales – Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Multi Brand Stores- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Exclusive Outlets- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Demand Type
- OEM- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Aftermarket – Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Country
- China
- India
- Japan
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Australia
- New Zealand
- South Korea
- Rest of Asia-Pacific
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Key Factor Driver Asia-Pacific Two-Wheeler Tire Industry Growth by 2030
Growing Penetration of Two-Wheelers in Shared Mobility Services – In the Asia-Pacific region, the number of students that commute regularly has been constantly growing due to favorable government policies such as easy visa clearance & student exchange programs to attract foreign students for higher studies. For instance, in 2021, Australia welcomed nearly 572,349 international students, which reached approximately 619,371 in 2022, according to the Ministry of Education. These students have been observed to prefer to hire Two-Wheeler shared & rental services, as scooters & bikes are ideal options to avoid city congestion & save costs.
Who are the Key Players Operating in the Asia-Pacific Two-Wheeler Tire Industry?
The top companies of the Asia-Pacific Two-Wheeler Tire market ruling the industry are:
- MRF Tyres
- Bridgestone Tyres
- Continental Tires
- CEAT Tyres
- Apollo Tyres
- TVS Eurogrip
- Pirelli Tires
- JK Tyre
- Compagnie Générale des Établissements Michelin SCA
- Maxxis Tyres
- Camel Industries Co. Ltd.
- Inoue Rubber Co. Ltd. (IRC Tires)
- Heidenau Tyres
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FAQs (Frequently Ask Questions)
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