Scooter Tire Market

Scooter Tire Market Outlook – 2027 

The tire is an integral and most important component in any vehicles. A tire surrounds the wheel’s rim and transfers a vehicle's load from the axle through the wheel to the ground. The scooter tires provide traction on the surface over which wheels travels. Moreover, the optimum quality of scooter tire assures enhanced fuel efficiency, increased safety and better adherence to brakes. Additionally, tires play a crucial role while sustaining shocks on an uneven road. The modern scooter tires are made of natural rubber, synthetic rubber, and other chemical compounds. With the rise in demand for personal mobility, the market of scooter tire is proliferating. 

COVID-19 scenario analysis: 

• As the automobile and their component manufacturers had to shut production due to the COVID-19 pandemic, the entire value chain is staring at a huge loss
• Moreover, few OEMs are expecting a bailout package to persist over the crisis.
• Major problems in the auto industry are about cash flows and liquidity. 
• Meanwhile, manufacturers are finding ways to combat the current pandemic by putting in some efforts. For instance, JK tire developed a hand sanitizer which is crucial during this pandemic. 
• The disrupted supply chain has widely affected the auto-sector and to survive during this pandemic is a challenge for the manufacturers. 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increase in sales and production of scooters is primarily driving the market of scooter tire. Besides, high replacement rates of tires due to high wear and tear and periodical replacement for enhanced safety is fueling the market growth. Additionally, the rise in development activities of scooter tire is propelling the market. Further, an increasing number of working female population is proliferating the scooter tire market. However, the volatile price of raw material is anticipated to hinder the market growth. Moreover, rising traffic congestion and limited parking space in urban are fostering the market of scooter and scooter tire simultaneously.

The scooter tire market trends are as follows:

New product launch to catalyze market growth

The launch of new products comes with a variety of capabilities and improved quality standards which, in turn, increases the adoption rate and propels the market growth. Moreover, the launch of the new product improves accuracy and functionality. For instance, in 2018, TVS company unveiled its two new scooter tire patterns. The launch of the product was aimed to provide firm tire grip in wet as well as dry conditions. Besides, the block type design and groove channels in the tire improves stability and enhances quick water dispersion.

Increase in partnership to foster the market

With rising safety concerns among consumers, the demand for better quality tires has proliferated. Moreover, automakers are constantly searching for independent tire manufacturers who can deliver tire as per their requirement and specification. Due to this reason, the partnerships amongst tire manufacturers and vehicle manufacturers have increased in recent years. In 2019, Taiwan-based Maxxis entered into a partnership with Hero MotoCorp and Yamaha company for supplying scooter tires. Besides, Maxxis already has similar tie-ups with Honda Motorcycle and Scooter, India. 

Key benefits of the report:

• This study presents the analytical depiction of the scooter tire industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed to highlight the growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed scooter tire market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the scooter tire market research report:

• What are the leading market players active in the scooter tire market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Scooter Tire Market Report Highlights