Exploring the Asia-Pacific Two-Wheeler Tire Market: Insights, Drivers, and Key Players

Market Introduction

The Asia-Pacific Two-Wheeler Tire market has emerged as a crucial sector in the  economy, influencing various industries and consumer behaviors. As technological advancements and innovative solutions continue to shape this market, understanding its dynamics becomes essential for stakeholders, investors, and businesses.

Market Insights

In recent years, the Asia-Pacific Two-Wheeler Tire market has witnessed significant growth due to several factors. The market's expansion can be attributed to increased demand for efficient solutions, technological innovations, and the rising awareness of sustainable practices. 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.  

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Asia-Pacific Two-Wheeler Tire Market 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.

Market Segmentation

The Asia-Pacific Two-Wheeler Tire market can be segmented based on several criteria, including:

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)

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)

Geography:

The market is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each with unique market dynamics and growth opportunities.

 By Country

-China

-India

-Japan

-Malaysia

-Indonesia

-Singapore

-Cambodia

-Vietnam

-Thailand

-Philippines

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Key Players

Several key players dominate the Asia-Pacific Two-Wheeler Tire market, contributing to its growth and innovation. Some of the prominent companies in the market include:

• MRF Tyres
• Bridgestone Tyres
• Continental Tires
• CEAT Tyres
• Apollo Tyres
• TVS Eurogrip
• Pirelli Tires
• JK Tyre
• Maxxis Tyres
• Camel Industries Ltd.
• Others

Conclusion

The Asia-Pacific Two-Wheeler Tire market is set to experience substantial growth in the coming years, driven by technological advancements, rising consumer demand, sustainability initiatives, and government support. Understanding the market's key drivers, segmentations, and key players is crucial for businesses and investors looking to capitalize on the opportunities in this dynamic market. As the Asia-Pacific Two-Wheeler Tire market continues to evolve, staying informed and adaptable will be key to success in this rapidly changing landscape.

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