Global Two Wheeler Tires Market Size is expected to experience a CAGR of 4% through 2024 - 2031, according to industry projections.

The global "Two Wheeler Tires Market" identifies drivers, restraints, opportunities, and trends impacting market growth, and provides insights into market shares across segments in terms of value and volume. The Two Wheeler Tires market is projected to expand at a CAGR of 4% during the forecasted period from 2024 to 2031.

Two Wheeler Tires Market Scenario and Scope

Two-wheeler tires are essential components designed to enhance vehicle performance, safety, and fuel efficiency in motorcycles and scooters. The market for two-wheeler tires encompasses diverse segments, including on-road and off-road applications, driven by increasing urbanization and demand for personal mobility. As the e-mobility trend escalates, the market is poised for significant growth opportunities. Market research will be critical in identifying key consumer preferences, technological advancements, and competitive dynamics, enabling stakeholders to optimize their strategic positioning in this evolving landscape.

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The Two Wheeler Tires market is dominated by segments such as scooters and motorcycles, with motorcycle tires holding a larger share in volume and value. Key players include MRF, Michelin, and Bridgestone. The growing demand for electric two-wheelers is expected to influence future market dynamics considerably.

This entire report is of 109 pages.

Key Drivers and Barriers in the Two Wheeler Tires Market

The Two Wheeler Tires Market is driven by increasing urbanization, rising disposable incomes, and a growing preference for cost-effective transportation. Innovations in tire materials, such as the use of eco-friendly composites and advanced tread designs, enhance performance and longevity. To overcome challenges like fluctuating raw material prices and environmental regulations, the industry can adopt sustainable manufacturing practices and invest in research for alternative materials. Furthermore, enhancing supply chain efficiencies and leveraging digital technologies for smart inventories can help mitigate production disruptions and improve market responsiveness, ensuring sustained growth in this dynamic sector.

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Top Companies in the Two Wheeler Tires Market: 

• Apollo Tyres Ltd.
• Bridgestone Corporation
• CEAT Limited
• Cheng Shin Rubber Ind. Co., Ltd.
• 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
• T SuryarayaRubberindo Industries
• Pirelli & C. S.p.A.
• Rinaldi S/A Industria de Pneumaticos
• TVS Srichakra Limited

The two-wheeler tire market is characterized by a diverse competitive landscape with major players focusing on innovation, quality, and expanded distribution. Key companies include Apollo Tyres Ltd., Bridgestone Corporation, CEAT Limited, and MRF Limited, which leverage advanced technology to enhance tire performance and safety.

These companies contribute to market growth through strong branding, extensive R&D, and product diversification, catering to various segments from motorcycles to scooters. For instance, Bridgestone and Continental emphasize eco-friendly technologies, while MRF and CEAT focus on high-performance options.

Additionally, companies like Kenda Rubber and Cheng Shin enhance market penetration by offering affordable yet quality alternatives, tapping into emerging economies.

Sales revenues for notable companies showcase their market stature; for example, MRF reported revenues exceeding $2 billion, while Bridgestone’s two-wheeler segment contributes significantly to its overall revenue streams, reflecting their market dominance.

Through strategic collaborations, technological advancements, and a focus on customer-centric solutions, these firms not only enhance their market presence but also drive the overall growth of the two-wheeler tire market globally.

Two Wheeler Tires Segment Analysis

Two Wheeler Tires Market, by Application:

• Motorcycle
• Scooter
• Moped

Two-wheeler tires are essential for motorcycles, scooters, and mopeds, providing traction, stability, and control on various terrains. Motorcycle tires are designed for speed and performance, featuring advanced tread patterns for grip during turns. Scooter tires prioritize comfort and durability, suitable for urban commuting, while moped tires focus on lightweight construction for efficiency. These tires enhance safety and ride quality. The fastest-growing application segment in terms of revenue is electric scooters, driven by increasing urbanization and demand for eco-friendly transportation solutions, leading to innovations in tire technology tailored for enhanced performance and sustainability.

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Two Wheeler Tires Market, by Type:

• Less than 18
• Greater than or Equal to 18

Two-wheeler tires are categorized based on rim size: less than 18 inches and 18 inches or more. Tires under 18 inches are typically used in scooters and light motorcycles, enhancing urban mobility and affordability. Larger tires (18 inches and above) are designed for performance motorcycles, improving handling and safety. The diversity in tire types caters to varying consumer needs, boosting demand in the two-wheeler tire market. Currently, the fastest-growing region for the two-wheeler tire market is Asia-Pacific, driven by increasing urbanization, rising disposable incomes, and a growing preference for two-wheeler vehicles as cost-effective transportation solutions.

Highlights of Two Wheeler Tires Market Report:

• It provides an Insights on Two Wheeler Tires market segmentation, including product, application, end-users, and region


• This Two Wheeler Tires  market research report helps you in gaining an understanding of the positive growth trend in the market and its potential for revenue and sales.


• This report Identifies the high demand for Two Wheeler Tires products among the millennial demographic, offering opportunities for targeted marketing and product development.


• It is an up-to-date data of latest technological advancements in the Two Wheeler Tires market and potential for improving production and efficiency.


• It offers an in-depth analysis of consumer behaviour and preferences, providing key insights for strategic decision-making in Two Wheeler Tires market.


• This report gives you access to a forecast of the Two Wheeler Tires market's growth trend, providing insights for long-term investment and business planning.


• It provides an in-depth analysis of Two Wheeler Tires market trends, including growth drivers, challenges, and opportunities.


• It offers a detailed analysis of Two Wheeler Tires market’s major players, including a competitive landscape, market share analysis, and company profiles.

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Regional Analysis:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The two-wheeler tires market is anticipated to witness significant growth across various regions. Asia-Pacific, particularly China and India, is expected to dominate the market due to rising two-wheeler sales and urbanization, projecting a market share of approximately 45%. Europe follows closely, with a share of 25%, driven by demand in Germany and the UK. North America is estimated to hold around 15%, supported by increasing recreational vehicle usage. Latin America and the Middle East & Africa are projected to account for 10% and 5%, respectively, driven by growing urban mobility and infrastructure development. Overall, the market is poised for robust expansion.

Trends Impacting the Two Wheeler Tires Market

The global two-wheeler tires market is poised to experience steady growth, driven by rising urbanization, an increase in disposable income, and the growing popularity of electric two-wheelers. Demand for fuel-efficient and eco-friendly tires continues to boost market dynamics, as consumers prioritize sustainability. Technological advancements, such as the development of smart tires, are also shaping the market. Moreover, shifting consumer preferences towards personal mobility post-pandemic are likely to sustain demand. Overall, the two-wheeler tires market is expected to witness an increase in demand in the coming years, fueled by these evolving consumer and industry trends.

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