Global Two Wheeler Tires Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Demand Category;
OEM and Replacement.By Application;
Street, Racing Slicks, Dual Sport, and Offroad Knobbies.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Two Wheeler Tires Market (USD Million), 2021 - 2031
In the year 2024, the Global Two Wheeler Tires Market was valued at USD 15,285.99 million. The size of this market is expected to increase to USD 20,927.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.
The Global Two Wheeler Tires Market is a dynamic and integral segment of the broader automotive industry, catering to the diverse needs of motorcycle, scooter, and bicycle owners worldwide. Two-wheelers represent a significant mode of transportation across various regions, offering affordability, agility, and convenience, particularly in densely populated urban areas. As such, the demand for high-quality tires that ensure safety, performance, and durability remains robust. The market encompasses a wide range of tire types, including radial, bias, tubeless, and tubed tires, each designed to meet specific vehicle requirements and riding conditions.
In recent years, the Global Two Wheeler Tires Market has witnessed significant growth propelled by several key factors. Urbanization, especially in emerging economies, has led to a surge in two-wheeler ownership as individuals seek efficient and cost-effective means of commuting. Additionally, technological advancements in tire design and manufacturing have revolutionized the industry, offering consumers enhanced grip, stability, and fuel efficiency. Moreover, environmental consciousness and regulatory initiatives aimed at reducing emissions have spurred the adoption of electric two-wheelers, driving demand for specialized tires optimized for electric mobility.
The market also faces various challenges, including intense competition, raw material price fluctuations, and logistical complexities. Nonetheless, manufacturers are exploring innovative strategies to overcome these hurdles and capitalize on emerging opportunities. With the rise of e-commerce platforms and digital marketing channels, companies are leveraging technology to expand their reach and engage with consumers more effectively. Furthermore, investments in research and development are fostering the development of sustainable and eco-friendly tire solutions, aligning with global efforts to promote environmental sustainability. Overall, the Global Two Wheeler Tires Market is poised for continued growth and innovation as it adapts to evolving consumer preferences and market dynamics.
Global Two Wheeler Tires Market Recent Developments
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In June 2021: Bridgestone, a leading tire manufacturer, launched a new range of all-weather tires for two-wheelers.
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In December 2023: Michelin, a leading tire manufacturer, launched a new range of high-performance tires for two-wheelers.
Segment Analysis
The Global Two Wheeler Tires Market has been segmented by Demand Category, Application and Geography, providing insights into market dynamics and growth opportunities. By demand category, the market is classified into OEM (Original Equipment Manufacturer) and aftermarket. The OEM segment holds a significant share due to the steady demand from two-wheeler manufacturers who source tires for new vehicles. However, the aftermarket segment is experiencing faster growth, driven by the need for tire replacements in the large, existing base of two-wheelers globally. Consumers in developing economies, where two-wheelers are a primary mode of transportation, frequently replace tires due to high usage and varying road conditions, boosting the aftermarket demand.
By application, the market is divided into motorcycles and scooters. Motorcycle tires dominate the market, supported by their extensive use in commuter bikes, sports bikes, and touring motorcycles. These tires are designed to handle diverse terrains and weather conditions, with a focus on durability, grip, and performance. Scooter tires, while smaller in market share, are witnessing significant demand due to the growing popularity of scooters in urban areas for their convenience and fuel efficiency. The increasing adoption of electric two-wheelers in both categories is further driving the demand for specialized tires with low rolling resistance and enhanced durability to complement the performance of electric vehicles.
Geographically, the Asia-Pacific region is the largest market for two-wheeler tires, driven by the massive production and ownership of two-wheelers in countries like India, China, and Indonesia. The region's high dependence on two-wheelers for daily commuting, combined with frequent tire replacements due to road conditions, fuels the demand for both OEM and aftermarket tires. Europe and North America represent significant markets for premium motorcycle tires, with a focus on safety, performance, and advanced technologies. Emerging markets in Latin America and the Middle East & Africa are also contributing to growth, driven by increasing two-wheeler sales and the expansion of the aftermarket segment. Innovations in tire technology, such as tubeless designs and eco-friendly materials, are expected to further drive the global two-wheeler tires market in the coming years.
Global Two Wheeler Tires Segment Analysis
In this report, the Global Two Wheeler Tires Market has been segmented by Demand Category, Application and Geography.
Global Two Wheeler Tires Market, Segmentation by Demand Category
The Global Two Wheeler Tires Market has been segmented by Demand Category into OEM and Replacement.
The segmentation of the Global Two Wheeler Tires Market by demand category distinguishes between two primary consumer segments: Original Equipment Manufacturers (OEM) and Replacement. The OEM segment caters to the demand for tires directly from manufacturers for new two-wheelers being assembled. This segment is crucial as it reflects the initial tire fitment on vehicles during production. OEM tires are specifically designed and manufactured to meet the specifications and performance requirements set by motorcycle, scooter, or bicycle manufacturers. Factors such as durability, traction, and fuel efficiency are carefully considered to ensure optimal performance and safety for end-users.
In contrast, the Replacement segment of the Global Two Wheeler Tires Market addresses the aftermarket demand for tires, wherein consumers purchase tires separately to replace worn-out or damaged ones on existing vehicles. This segment is driven by factors such as tire wear and tear, punctures, or upgrades to enhance performance or aesthetics. Replacement tires offer consumers a wide range of choices in terms of brands, tire types, and price points, allowing them to select products that best suit their individual preferences and riding needs. Additionally, the Replacement segment presents opportunities for tire manufacturers to innovate and introduce new products tailored to meet evolving consumer demands and market trends.
Overall, the segmentation of the Global Two Wheeler Tires Market into OEM and Replacement categories provides insights into the distinct purchasing behaviors and preferences of consumers. While the OEM segment is influenced by factors such as vehicle production volumes, model launches, and OEM-supplier relationships, the Replacement segment is driven by factors like tire lifespan, maintenance practices, and consumer purchasing power. By understanding these dynamics, tire manufacturers and suppliers can develop targeted marketing strategies, product offerings, and distribution channels to effectively serve both segments and capitalize on the diverse opportunities presented by the global two-wheeler market.
Global Two Wheeler Tires Market, Segmentation by Application
The Global Two Wheeler Tires Market has been segmented by Application into Street, Racing Slicks, Dual Sport and Offroad Knobbies.
The Global Two Wheeler Tires Market has undergone segmentation by application, categorizing its offerings into distinct categories tailored to meet diverse user needs. One significant segment is Street tires, designed for everyday urban commuting and highway use. Street tires prioritize factors such as durability, comfort, and all-weather performance, providing riders with reliable traction and stability on paved roads. These tires often feature tread patterns optimized for smooth handling and enhanced grip, ensuring a safe and comfortable riding experience for motorcycle and scooter owners navigating city streets and highways.
Another notable segment within the Global Two Wheeler Tires Market is Racing Slicks, catering to the needs of motorcycle enthusiasts and professional racers. Racing slicks are engineered for maximum performance on the track, offering exceptional grip and cornering stability at high speeds. These tires typically feature a slick tread pattern devoid of grooves, maximizing contact patch area and allowing for optimal traction and responsiveness during competitive racing events. With a focus on lightweight construction and advanced rubber compounds, racing slicks enable riders to push the limits of speed and agility on the racetrack, making them indispensable for motorsport enthusiasts seeking peak performance.
In addition to Street and Racing Slicks, the Global Two Wheeler Tires Market encompasses segments such as Dual Sport and Offroad Knobbies, catering to riders who venture off the beaten path. Dual Sport tires are versatile options designed to excel both on and off-road, offering a balance between on-road comfort and off-road performance. These tires feature aggressive tread patterns and reinforced sidewalls to tackle various terrains, from paved highways to rugged trails. On the other hand, Offroad Knobbies are specifically engineered for off-road adventures, featuring deep treads and durable construction to provide maximum traction and durability in challenging off-road conditions. Whether navigating gravel paths, mud pits, or rocky terrain, Dual Sport and Offroad Knobbies empower riders to explore the great outdoors with confidence and control.
Global Two Wheeler Tires Market, Segmentation by Geography
In this report, the Global Two Wheeler Tires Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Two Wheeler Tires Market Share (%), by Geographical Region, 2024
The distribution of market share in the Global Two Wheeler Tires Market varies significantly across different geographical regions, reflecting diverse consumer preferences, economic conditions, and regulatory landscapes. In Asia Pacific, comprising countries like India, China, and Southeast Asian nations, the market share is notably dominant. This region boasts a substantial percentage of the global market share due to the sheer volume of two-wheeler sales driven by factors such as population density, rapid urbanization, and the prevalence of motorcycles and scooters as primary modes of transportation. Additionally, the burgeoning market for electric two-wheelers in countries like China and India further amplifies the demand for tires, solidifying Asia Pacific's leading position in the global market share.
In contrast, regions like Europe and North America exhibit a comparatively smaller market share in the Global Two Wheeler Tires Market. While these regions boast mature automotive markets and high standards of living, the dominance of four-wheeled vehicles and stringent emissions regulations limit the penetration of two-wheelers. Furthermore, consumer preferences in these regions often lean towards premium brands and advanced technologies, leading to a higher adoption of electric bicycles and motorcycles, which typically feature specialized tires like those made of composite materials or with integrated sensors. Consequently, the market share for two-wheeler tires in Europe and North America remains substantial but relatively lower compared to Asia Pacific.
Emerging markets in Latin America, Africa, and the Middle East represent a growing yet modest share of the Global Two Wheeler Tires Market. While the overall market penetration may be lower in these regions compared to Asia Pacific, factors such as increasing urbanization, rising disposable incomes, and infrastructure development are driving the adoption of two-wheelers. Moreover, the prevalence of motorcycles and scooters as affordable transportation solutions in these regions underscores the importance of tires in ensuring safety and performance. As such, tire manufacturers are increasingly focusing on expanding their presence and distribution networks in these emerging markets to capitalize on the growing demand for two-wheeler tires.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Two Wheeler Tires Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Innovation in materials
- Increasing urbanization
- Rising disposable incomes
- Expansion of two-wheelers
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Technological advancements-Technological advancements in the Global Two Wheeler Tires Market are revolutionizing the industry landscape. With ongoing research and development, tire manufacturers are introducing innovative materials and production techniques. Advanced rubber compounds, reinforced sidewalls, and improved tread designs are enhancing tire performance, durability, and safety. Moreover, technological integration like sensors for tire pressure monitoring systems (TPMS) is becoming increasingly common, providing real-time data to enhance vehicle efficiency and safety. These advancements not only cater to the evolving needs of consumers but also align with global sustainability goals, fostering the development of eco-friendly tire solutions.
Technological advancements in the Global Two Wheeler Tires Market are driving a profound transformation within the industry. These advancements encompass a wide range of innovations, from novel materials to cutting-edge manufacturing processes. For instance, the development of silica-based compounds enhances grip and traction, particularly in wet conditions, improving overall safety for riders. Additionally, advancements in tire construction, such as the integration of aramid fibers or carbon nanotubes, enhance strength and puncture resistance, prolonging tire lifespan and reducing maintenance costs for consumers. Moreover, the integration of digital technologies, such as artificial intelligence and machine learning, enables tire manufacturers to optimize tire designs for specific performance characteristics, catering to diverse consumer preferences and riding conditions.
Restraints
- Quality control issues
- Trade tariffs imposition
- Seasonal demand fluctuations
- Regulatory hurdles complexity
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Dependency on imports-The dependency on imports poses a significant challenge for the Global Two Wheeler Tires Market. Many regions heavily rely on tire imports due to limited domestic production capacities or lack of specialized manufacturing capabilities. This dependency exposes manufacturers to risks associated with currency fluctuations, trade tensions, and supply chain disruptions. Importing tires often entails higher costs, including tariffs, transportation expenses, and import duties, thereby reducing profit margins for both manufacturers and retailers. Additionally, logistical challenges such as longer lead times and uncertainties in delivery schedules can affect inventory management and overall business operations, leading to potential market setbacks.
The dependency on imports in the Global Two Wheeler Tires Market presents multifaceted challenges that impact both manufacturers and consumers. Firstly, reliance on imported tires exposes domestic markets to external economic factors, such as fluctuating exchange rates and geopolitical tensions, which can lead to price volatility and supply chain disruptions. Secondly, import-dependent markets may face issues related to product quality and consistency, as sourcing tires from various international suppliers introduces variability in manufacturing standards and specifications. Furthermore, transportation costs associated with importing tires can significantly inflate retail prices, making two-wheelers less affordable for consumers, especially in regions with limited purchasing power.
Opportunities
- Sustainable tire production
- Digital marketing strategies
- Product differentiation initiatives
- Aftermarket services expansion
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Urban mobility solutions-Urban mobility solutions present a promising opportunity for the Global Two Wheeler Tires Market. As cities worldwide face congestion and environmental concerns, there is a growing emphasis on promoting sustainable transportation alternatives, including two-wheelers. Tires play a crucial role in enhancing the performance and safety of electric scooters, motorcycles, and bicycles, which are increasingly becoming popular choices for urban commuters. Tire manufacturers can capitalize on this trend by developing specialized tires tailored to the unique requirements of electric vehicles, such as optimized rolling resistance for improved range and durability to withstand higher torque demands.
Urban mobility solutions represent a burgeoning opportunity space for the Global Two Wheeler Tires Market, driven by the increasing adoption of electric vehicles (EVs) and the proliferation of shared mobility services in urban areas. As cities worldwide implement measures to reduce traffic congestion and curb pollution, electric two-wheelers, including scooters and bicycles, have emerged as viable alternatives to traditional gasoline-powered vehicles. Tire manufacturers can capitalize on this trend by developing specialized tires tailored to the unique requirements of electric mobility, such as low rolling resistance for improved energy efficiency and enhanced durability to withstand the higher torque output of electric motors. Moreover, the growing demand for shared mobility services presents avenues for tire manufacturers to collaborate with ride-sharing companies and fleet operators to provide customized tire solutions optimized for fleet usage patterns and operating conditions, thereby fostering long-term partnerships and revenue streams.
Competitive Landscape Analysis
Key players in Global Two Wheeler Tires Market include:
- Apollo Tyres Ltd.
- Bridgestone Corporation
- CEAT Limited
- Cheng Shin Rubber
- Continental Aktiengesellschaft
- Cooper Tire & Rubber Company
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Demand Category
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Two Wheeler Tires Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Innovation in materials
- Increasing urbanization
- Rising disposable incomes
- Expansion of two-wheelers
- Technological advancements
- Restraints
- Quality control issues
- Trade tariffs imposition
- Seasonal demand fluctuations
- Regulatory hurdles complexity
- Dependency on imports
- Opportunities
- Sustainable tire production
- Digital marketing strategies
- Product differentiation initiatives
- Aftermarket services expansion
- Urban mobility solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Two Wheeler Tires Market, By Demand Category, 2021 - 2031 (USD Million)
- OEM
- Replacement
- Global Two Wheeler Tires Market, By Application, 2021 - 2031 (USD Million)
- Street
- Racing Slicks
- Dual Sport
- Offroad Knobbies
- Global Two Wheeler Tires Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Two Wheeler Tires Market, By Demand Category, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Apollo Tyres Ltd.
- Bridgestone Corporation
- CEAT Limited
- Cheng Shin Rubber
- Continental Aktiengesellschaft
- Cooper Tire & Rubber Company
- Company Profiles
- Analyst Views
- Future Outlook of the Market