Market Insights
As per recent research by MarkNtel Advisors, The Brazil Two-wheeler Tire Market is projected to grow at a CAGR of around 4.93% during the forecast period, i.e., 2023-28.
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Key Driver: Rising Inclination of Residents Toward the Adoption of Electric Vehicles in Brazil
Growing urbanization & industrialization activities, combined with the significant increase in vehicle traffic in Brazil, has led to the degradation of its environment. This increased concerns amongst the government & e-mobility service providers to limit the CO2 emission & promote sustainable living by driving innovations in the manufacturing of fuel-efficient or alternative vehicles in the country.
Therefore, to minimize carbon emissions, the Environment Ministry of Brazil, in 2021, announced to reduce the emissions by over 50% by 2030. In response, this escalated the necessity in the country for an electric two-wheeler, thereby increasing the demand for tires in Brazil.
Market Segmentation and Consumer Behavior:
By Type of Two Wheeler
- Scooter & Moped
- Electric
- IC Engine
- Motorcycle
- Electric
- IC Engine
By Engine Power
- Up to 50 CC
- 51 to 160 CC
- 161 to 300 CC
- 301 to 449 CC
- Above 450 CC
- Electric
By Tire Size
- Front
- 80/100-18
- 60/100-17
- 90/90-19M/C
- 60/100-17M
- Others (110/70-16 52p, 110/70 – 13M/C, etc.)
- Rear
- 90/90 -18
- 80/100 – 14
- 110/90 -17M/C
- 80/100 – 14M
- Others (130/70-16 61p, 90/80 – 14M/C 49P, etc.)
By Type of Tire
- Bias
- Radial
By Demand Type
- OEM
- Replacement
By Sales Channel
- Online
- Multi-brand Stores
- Local Tire Dealers
- Hypermarkets
- Supermarkets
- Exclusive Outlets
By Best Selling 2W Models
- Honda CG 160
- Honda BIZ
- Honda Pop 110I
- Honda NXR 160
- Yamaha Crosser 150
- Others (Honda XRE 300, Yamaha NMAX, etc.)
By Geography
- Urban
- Rural
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Brazil Two-wheeler Tire Market Geographical Analysis:
By State:
- North
- Pará
- Amazonas
- Rondônia
- Others
- Northeast
- Ceará
- Pernambuco
- Bahia
- Maranhão
- Others
- Southeast
- São Paulo
- Minas Gerais
- Others
- South
- Paraná
- Rio Grande do Sul
- Others
- Center-West
- Mato Grosso
- Goiás
- Others
Key Players and Competitive Strategies in the Brazil Two-wheeler Tire Market
Several prominent players dominate the Brazil Two-wheeler Tire Market, including:
- Michelin
- Bridgestone
- Pirelli
- Maggion Industrias de Pneus e Máquinas LTDA.
- Borilli
- Rinaldi
- Pneus Technic
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Questions Addressed in this Study
1.What factors are driving the Brazil Two-wheeler Tire Market growth?
2.How is the Brazil Two-wheeler Tire Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Brazil Two-wheeler Tire Market?
4.What is the current size of the Brazil Two-wheeler Tire Market, and how is it projected to change in the future?
5.What is the future outlook for the Brazil Two-wheeler Tire Market in terms of technological advancements and market expansion?
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