The tire is one of the most crucial component of a vehicle. The increase in demand for two-wheelers translates into an increase in demand for tires, which fuels the two wheeler tire market growth. Further, increasing inclination towards sports bike coupled with the rising motorcycle road racing and off-road racing is likely to fuel the two wheeler tire market growth over the forecast period.
MARKET SCOPE
The "Global Two Wheeler Tire Market Analysis to 2028" is a specialized and in-depth study of the two wheeler tire industry with a special focus on the global market trend analysis. The report aims to provide an overview two wheeler tire market with detailed market segmentation as type, distribution channel, application, and geography. The report provides key statistics on the market status of the leading two wheeler tire market players and offers key trends and opportunities in the two wheeler tire market.
MARKET SEGMENTATION
- The global two wheeler tire Market is segmented on the basis of type, distribution channel, and application.
- On the basis of type the market is segmented as tube, tubeless.
- On the basis of distribution channel the market is segmented as OEM, aftermarket.
- On the basis of application the market is segmented as motorcycles, scooters, mopeds.
MARKET DYNAMICS
Drivers:
- Increasing automation.
- increasing adoption of mopeds
Restraints:
- Fluctuating prices of raw material.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Two wheeler tire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the two wheeler tire market in these regions.
IMPACT OF COVID-19 ON TWO WHEELER TIRE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the two wheeler tire market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Two wheeler tire market market are anticipated to lucrative growth opportunities in the future with the rising demand for two wheeler tire market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the two wheeler tire market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bridgestone Corporation
- Cheng Shin Rubber Industry Co.
- Continental AG
- Cooper Tire & Rubber Compan
- Dunlop Tyres
- Metzeler
- Michelin
- MRF Limited
- Pirelli & C. S.p.A.
- Shinko Tires