Asia-Pacific Two-Wheeler Tire Market Share, Size and Future Projections 2024-2030FY

Markntel Advisors’ report, Asia-Pacific Two-Wheeler Tire Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Asia-Pacific Two-Wheeler Tire presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Asia-Pacific Two-Wheeler Tire Market Research Report & Market Summary:

The 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 region's rapid urbanization and burgeoning population continue to fuel the need for affordable and efficient transportation options, with Two-Wheelers being a popular choice. This demographic expansion, especially in densely populated urban areas, of the region propels the demand for tire replacements as more individuals opt for motorcycles and scooters as their primary mode of transport, which often leads to frequent wear and tear as a result of uneven road conditions.

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Asia-Pacific Two-Wheeler Tire Market Dynamics:

Key Driver-

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.

Observing this enhanced demand for Two-Wheelers among students, ride-hailing companies such as Lime, Ola, etc., have expanded across the region in the past few years. Thus, the enhanced deployment of Two-Wheelers on the roads of Asia-Pacific countries is generating demand for tire replacement.

Also, several countries across the region, like New Zealand, India, etc., have been focusing on increasing the number of tourist arrivals across their countries. This has enhanced the inclination of shared mobility companies to expand their services across the region to cater to these customers. Consequently, this would upscale the usage of Two-Wheelers across the region, which would lead to enhancing the demand for Two-Wheeler tires for replacement purposes in the forthcoming years as well. For instance,

In 2021, Carlyle announced to invest USD200 Million in Kakoo Mobility in South Korea to provides a wide range of mobility services through its Kakao T mobile-app platform including, electric bike hire, parking, and navigation.

Asia-Pacific Two-Wheeler Tire Market Segmentation Analysis:

According to MarkNtel study the market is segmented 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.

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)

The aftermarket segment is anticipated to hold a substantial share of the market. High ownership rates of Two-Wheelers and the growing penetration of ride-hailing service providers in the region have resulted in the accumulation of Two-Wheeler fleets.

By Country

China
India
Japan
Malaysia
Indonesia
Singapore
Cambodia
Vietnam
Thailand
Philippines
Australia
New Zealand
South Korea
Rest of Asia-Pacific.

China is witnessing a substantial growth rate in the region. China's rapid urbanization has led to an increase in personal mobility, with more individuals opting for Two-Wheelers as a convenient and cost-effective mode of transportation in congested city environments.

As indicated in the latest market research report published by Markntel Advisors, “Asia-Pacific Two-Wheeler Tire Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Asia-Pacific Two-Wheeler Tire industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/apac-two-wheeler-tire-market.html

Top Companies Operating in the Asia-Pacific Two-Wheeler Tire Market:

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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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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