Market Overview: Asia-Pacific Two-Wheeler Tire Market FY2024-2030
This reports provides an essential and dependable overview of the Asia-Pacific Two-Wheeler Tire Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Asia-Pacific Two-Wheeler Tire Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 7.39% (2024-2030)
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 Opportunity:
Expansion of Two-Wheeler Production Units to Boost the Tire Demand – The Asia-Pacific region has a large & rapidly expanding Two-Wheeler market due to the increasing urbanization & growing working population. This in turn is leading to a surge in demand for affordable and efficient personal transportation, and Two-Wheelers fulfill this need admirably. Additionally, with the growing awareness of environmental concerns among individuals the region is witnessing a transition towards electric Two-Wheelers due to their greater availability and growing deployments across ride-sharing platforms like Gojek, Gogoro, etc.
Thus, to cater to this growing demand across the region, automotive companies such as Honda, Yamaha, etc., are expanding their production units or setting up new manufacturing bases for both ICE and electric Two-Wheelers across the region. For instance,
- In 2022, Hero Corp announced to set up an assembly facility in the Philippines of around 29,000 sq.mt., which would be operational by 2024.
- In 2022, Piaggio announced the opening of a new production base built on an area of about 55,000 square meters in Indonesia.
As a result, with the entrance of global enterprises like Honda, Hero Motorcorp, etc., to set up their production bases in Asia-Pacific countries, the manufacturing of Two-Wheelers would amplify across the region. Therefore, this substantial surge in the number of production units of motorcycles & scooters across the region would serve as an opportunity to boost the sales of Two-Wheeler tires across the region in forthcoming years.
Asia-Pacific Two-Wheeler Tire Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Asia-Pacific Two-Wheeler Tire Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Asia-Pacific Two-Wheeler Tire Market segmentation is enlisted below:
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)
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By Demand Type
- OEM- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Aftermarket - Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
By Country
- China
- India
- Japan
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Australia
- New Zealand
- South Korea
- Rest of Asia-Pacific
Asia-Pacific Two-Wheeler Tire Market Competitive Landscape
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 Ltd., Inoue Rubber Co. Ltd. (IRC Tires), Heindenau Tyres, and others.
Asia-Pacific Two-Wheeler Tire Industry News:
- 2022: Bridgestone Tyres approved plans to strengthen investments in its natural rubber plantations in Southeast Asia. The company plans to invest around USD 26.7 million by 2030 to ensure a sustainable supply of natural rubber for tire production.
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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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