The Asia-Pacific Two-Wheeler Tire Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.
How Big is the Asia-Pacific Two-Wheeler Tire Industry?
The Asia-Pacific Two-Wheeler Tire Market size reached USD 10.16 Billion in 2023. Looking forward, it is expected to rise at a CAGR of around 7.39% during the forecast period 2024-2030.
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Asia-Pacific Two-Wheeler Tire Market Growth 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.
Competitor Breakdown: Top Asia-Pacific Two-Wheeler Tire Companies 2024-2030
- 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 Co. Ltd.
- Inoue Rubber Co. Ltd. (IRC Tires)
- Heidenau Tyres
Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.
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Countries Analysis:
China, India, Japan, Malaysia, Indonesia, Singapore, Cambodia, Vietnam, Thailand, Philippines, Australia, New Zealand, South Korea, Rest of Asia-Pacific.
- Share of each country segment in the Market
- Potential growth opportunities in the countries
- The growth rate of the country in the market
Breaking Down the Asia-Pacific Two-Wheeler Tire Market Segmentation:
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)
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