A10757 | Pages: NA | May 2022 | 1543 Views | | |
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Two Wheeler Tire Market
Request Now !Two-Wheeler Tire Market Outlook – 2027
The two-wheeler tires are crucial functional elements for the transmission of all forces between the bike and road. The tire properties should be as constant as possible and hence predictable by the rider. However, the aftermarket tires usually differ from the original tires, despite their similar designation. Hence, handling characteristics can change with the passage of time. The forces that occur between the ground and the tires determine so much the behavior of machines that they are so often taken for granted. The tire performs such a multitude of different tasks and their apparent simplicity hides the degree of engineering sophistication that goes into their design and fabrication. Initially, pneumatic tires were fitted to improve comfort and reduce loads on the wheels. Even with modern suspension systems, it is still the tires that provide the first line of defense for absorbing road shocks. Rise in adoption of two-wheeler vehicles across the globe is expected to boost the two-wheeler tire market in the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Types, and Sales Channel |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa) |
Companies covered | Hangzhou Zhongce Rubber CO. LTD., Giti Tire Pte. Ltd., MRF Limited, Apollo Tyres Ltd., CEAT Limited, JK Tyre & Industries Ltd., TVS Srichakra Limited, Cheng Shin Rubber Ind. Co. Ltd., Bridgestone Corporation, and Rinaldi S/A Industria de Pneumaticos. |
COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Some of the factors that boost the market include increasing automation and growing safety & security concerns that are expected to spur the demand over the forecast period. However, the growing use of self-healing technology is anticipated to hamper the growth of the market. Furthermore, enhancing advancement in technology and design coupled with increasing the distance covered by the type is expected to offer lucrative opportunities for the market.
The two-wheeler tires market trends are as follows:
Increasing automation
High-performance equipment has seen significant growth over the past decade in almost every industry. In addition, in every developing economy, urbanization is growing at a rapid pace and will lead to the harvesting of more forests as well as the clearing of space for constructional activities. Hence, this will spur the demand for equipment such as two-wheeler tires in the forecast period.
Growing safety and security concerns
The increasing awareness among the customers across the globe has forced manufacturers to provide various security features to increase their sales and maintain their position in the market. Also, the government of almost every country is providing new rules and regulations to enhance the safety and security of passengers while traveling, which will further grow the two-wheeler tires market in the forecast period.
Key segments covered:
Segments | Sub-segments |
Type |
|
Sales Channel |
|
Key benefits of the report:
Questions answered in the two-wheeler tire market research report:
Key Market Segments
Segments | Sub-segments |
---|---|
By Type |
|
By Sales Channel |
|
By Region |
|
Key Market Players
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers