Ozone Market Reports projects that the Two Wheeler Tires market size will grow from in 2017 to by 2023, at an estimated CAGR of . The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Tires are one of the core components of any vehicle and are manufactured from several types of raw materials along with rubber. The two wheeler tires market caters to specifically three segments such as motorcycles, scooters, and mopeds. The demand for tiress further relies on the sales of two-wheelers. The market is expected to witness intense competition among the current players and also from new players who will try to venture in the market. But being oligopolistic in nature coupled with the presence of leading brands, new players might face challenges while venturing into the market. The aftermarket for two wheeler tires is likely to present players with myriad of opportunities, especially in China, India, and Japan owing to the high fleet size of vehicles. In countries where the fleet size of two wheeler vehicles is high, the replacement rate is also high as because of wearing and tearing. Moreover, as consumers are becoming more concerned about road safety, the demand for two wheeler tiress is also increasing as they have properties such as enhanced grip and anti-skid. The demand for these tiress is relatively high in India as tiress tend to wear out due to improper road infrastructure. The aftermarket in India is also very high as compared to other countries.
By Market Players:
Apollo Tyres Ltd., Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Ind. Co., Ltd., Compagnie Générale des Établissements Michelin, Continental Aktiengesellschaft, Cooper Tire & Rubber Company, Deestone Company Limited, Giti Tire Pte. Ltd., Hangzhou Zhongce Rubber CO., LTD., JK Tyre& Industrie, Kenda Rubber Industrial Co., Ltd., MITAS a.s., MRF Limited, PT Gajah Tunggal TBK, PT MultistradaArahSarana, PT SuryarayaRubberindo Industries, Pirelli & C. S.p.A., Rinaldi S/A Industria de Pneumaticos, TVS Srichakra Limited, , , , , , , , , , , , , , , , , , , ,
Less than 18, Greater than or Equal to 18, , , , , , ,
By Demand Category
OEM, Replacement, , , , , , ,
Street, Racing Slicks, Dual Sport, Offroad Knobbies, , , , ,
By Vehicle Type
Motorcycle, Scooter, Moped, , , , , ,
, , , , , , , ,
, , , , , , , ,
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