Asia Pacific Two-Wheeler Tire Market Growth, Size, Trends, Revenue, Share and Future Outlook
Asia Pacific Two-Wheeler Tire Market Size- By Vehicle Type, By Type of Tire, By Fuel Type, By Rim Size, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AMIN2427 | Pages: 1 - 152 | Formats*: |
| Category : Automotive & Transportation | |||
Asia-Pacific Two-Wheeler Tire Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Two-Wheeler Tire Market is estimated to reach USD 12.12 Billion by 2033 with a CAGR of 3.9%.
The report includes an in-depth analysis of the Asia-Pacific Two-Wheeler Tire Market, including market size and trends, product mix, applications, and supplier analysis. A tyre type intended for two-wheeled vehicles, like bicycles, scooters, mopeds and motorcycles, is referred to as a two-wheeler tyre. These tyres are essential parts that have a direct effect on how well two-wheeled vehicles operate, are safe, and handle. Different tread patterns, sizes, and compositions of two-wheeler tyres are available based on the kind of vehicle and its intended purpose. They are designed to offer the best possible traction, stability, and longevity while taking into account the particular dynamics and needs of two-wheeled mobility. Furthermore, certain two-wheeler tyres are tubeless, which has benefits in terms of lighter weight and puncture resistance.
- 2022: Plans to increase funding for Bridgestone Tyres' natural rubber plants in Southeast Asia have been authorised. By 2030, the company intends to invest about USD 26.7 million to guarantee a steady supply of natural rubber for tyre manufacturing.
- 2022: In order to address the operational needs throughout the region, Cheng Shin Rubber boosted funds to Maxxis International by about USD 30 million.
Market Opportunities and Challenges
Due to rising urbanisation and an expanding working population, the Asia-Pacific area has a sizable and quickly growing two-wheeler market. The desire for reasonably priced, effective personal transportation is rising as a result, and two-wheelers do a great job of meeting this requirement. In addition, as people's knowledge of environmental issues grows, the region is seeing a shift towards electric two-wheelers because of their increased availability and expanding use on ride-sharing services like Gojek, Gogoro, etc.
As a result, automakers like Honda, Yamaha, and others are expanding existing production facilities or establishing new manufacturing bases for both ICE and electric two-wheelers throughout the region in order to meet the growing demand. The production of two-wheelers would therefore increase throughout the Asia-Pacific area as a result of the entry of multinational corporations like Honda, Hero Motorcorp, etc. to establish their production bases there. Thus, the significant increase in the number of motorcycle and scooter production units in the region presents an opportunity to increase the sales of Two-Wheeler tyres in the upcoming years.
Due to their use of cutting-edge technology to increase the suitability of old and used tyres for additional resale, China, Japan, and Thailand are among the top nations in the Asia-Pacific area for the supply and sales of retreaded tyres. Due to the price-sensitive nature of the consumers in these importing nations—which include Vietnam, Malaysia, Cambodia, and others—these nations have been exporting a significant amount of retreaded tyres to Asia-Pacific nations. This has been hurting the region's sales of recently manufactured tyres and decreasing the demand for replacement tyres. An additional benefit is the geographic proximity of the exporting and importing nations, which lowers transportation expenses and ultimately lowers the cost of retreaded tyres in the importing nations. As a result, sales of new tyres have been constrained by the inexpensive availability of retreaded tyres, which will continue to be a problem for the two-wheeler tyre market in the years to come.
Market Competitive Landscape
The major key players in the Asia-Pacific Two-Wheeler Tire Market are: Apollo Tyres Ltd, Bridgestone, CEAT Limited, Cheng Shin Rubber, Hangzhou Zhongce Rubber, JK Tyre & Industries Ltd., Michelin, MRF Limited, TVS Srichakra Limited., Others. These industry leaders mostly employ partnerships, mergers and acquisitions, and the introduction of new products. These businesses are also concentrating on making investments in partnerships, innovations, and expansions in order to increase their market share.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Type of Tire, By Fuel Type, By Rim Size, By Distribution Channel |
| Regions covered | China, India, Indonesia, Japan and rest of Asia Pacific |
| Companies Covered | Apollo Tyres Ltd, Bridgestone, CEAT Limited, Cheng Shin Rubber, Hangzhou Zhongce Rubber, JK Tyre & Industries Ltd., Michelin, MRF Limited, TVS Srichakra Limited., Others |
COVID-19 Impact on Asia-Pacific Two-Wheeler Tire Market
In the second quarter of 2020, the Asia-Pacific Two-Wheeler Tyre Market was significantly impacted by the Covid-19 epidemic. The demand for two-wheeler tyres in Asia Pacific fell precipitously as a result of lockdowns, even though the stringent regulations were required for everyone's health and safety. The lockdown step caused manufacturers to decrease massive carryover supplies in the supply chain, which had a detrimental impact on Asia Pacific sales. Though not all Original Equipment Manufacturers (OEMs) may be affected by the viral pandemic, there is a clear relationship between OEMs and the tyre sector. Tyre manufacturing companies may soon see some relief from the recent weakening of carbon black prices and the generally benign raw material costs.
Key Target Audience:
- Automobile Manufacturers
- Automotive Parts Distributors
- Automotive Service Centers
- Fleet Owners and Operators
- Logistics, Supply Chain Professionals
- Tire Retailers and Dealers
- Tire Manufacturers and Suppliers
- Import, Export Authorities
- Others
Our in-depth analysis of the Asia-Pacific Two-Wheeler Tire Market includes the following segments:
| By Vehicle Type: |
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| By Type of Tire: |
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| By Fuel Type: |
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| By Rim Size: |
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| By Distribution Channel: |
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Key Topics Covered in the Report:
- Asia-Pacific Two-Wheeler Tire Market Size (FY’2023-FY’2033)
- Overview of Asia-Pacific Two-Wheeler Tire Market
- Segmentation of Asia-Pacific Two-Wheeler Tire Market By Vehicle Type (Motorcycle, Scooter/Moped)
- Segmentation of Asia-Pacific Two-Wheeler Tire Market By Type of Tire (Pneumatic Tire, Solid/Others)
- Segmentation of Asia-Pacific Two-Wheeler Tire Market By Fuel Type (Petrol, Electric)
- Segmentation of Asia-Pacific Two-Wheeler Tire Market By Rim Size (Less than 10 Inches, 10–13 Inches, 14–17 Inches, 18–21 Inches, More than 21 Inches)
- Segmentation of Asia-Pacific Two-Wheeler Tire Market By Distribution Channel (Aftermarket, OEM)
- Statistical Snap of Asia-Pacific Two-Wheeler Tire Market
- Expansion Analysis of Asia-Pacific Two-Wheeler Tire Market
- Problems and Obstacles in Asia-Pacific Two-Wheeler Tire Market
- Competitive Landscape in the Asia-Pacific Two-Wheeler Tire Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Two-Wheeler Tire Market
- Details on Current Investment in Asia-Pacific Two-Wheeler Tire Market
- Competitive Analysis of Asia-Pacific Two-Wheeler Tire Market
- Prominent Players in the Asia-Pacific Two-Wheeler Tire Market
- SWOT Analysis of Asia-Pacific Two-Wheeler Tire Market
- Asia-Pacific Two-Wheeler Tire Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia-Pacific Two-Wheeler Tire Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Two-Wheeler Tire Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Two-Wheeler Tire Market
7. Asia-Pacific Two-Wheeler Tire Market, By Vehicle Type (USD Million)
7.1. Asia-Pacific Two-Wheeler Tire Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Motorcycle7.3. Scooter/Moped
8. Asia-Pacific Two-Wheeler Tire Market, By Type of Tire (USD Million)
8.1. Asia-Pacific Two-Wheeler Tire Market Value Share and Forecast, By Type of Tire, 2023-20338.2. Pneumatic Tire8.3. Solid/Others (Advanced Tire)
9. Asia-Pacific Two-Wheeler Tire Market, By Fuel Type (USD Million)
9.1. Asia-Pacific Two-Wheeler Tire Market Value Share and Forecast, By Fuel Type, 2023-20339.2. Petrol9.3. Electric
10. Asia-Pacific Two-Wheeler Tire Market, By Rim Size (USD Million)
10.1. Asia-Pacific Two-Wheeler Tire Market Value Share and Forecast, By Rim Size, 2023-203310.2. Less than 10 Inches10.3. 10–13 Inches10.4. 14–17 Inches10.5. 18–21 Inches10.6. More than 21 Inches
11. Asia-Pacific Two-Wheeler Tire Market, By Distribution Channel (USD Million)
11.1. Asia-Pacific Two-Wheeler Tire Market Value Share and Forecast, By Distribution Channel, 2023-203311.2. Aftermarket11.3. OEM
12. Asia-Pacific Two-Wheeler Tire Market Forecast, 2019-2033 (USD Million)
12.1. Asia-Pacific Two-Wheeler Tire Market Size and Market Share
13. Asia-Pacific Two-Wheeler Tire Market, By Vehicle Type, 2019-2033 (USD Million)
13.1. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Vehicle Type (2019-2026)13.2. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Vehicle Type (2027-2033)
14. Asia-Pacific Two-Wheeler Tire Market, By Type of Tire, 2019-2033 (USD Million)
14.1. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Type of Tire (2019-2026)14.2. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Type of Tire (2027-2033)
15. Asia-Pacific Two-Wheeler Tire Market, By Fuel Type, 2019-2033 (USD Million)
15.1. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Fuel Type (2019-2026)15.2. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Fuel Type (2027-2033)
16. Asia-Pacific Two-Wheeler Tire Market, By Rim Size, 2019-2033 (USD Million)
16.1. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Rim Size (2019-2026)16.2. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Rim Size (2027-2033)
17. Asia-Pacific Two-Wheeler Tire Market, By Distribution Channel, 2019-2033 (USD Million)
17.1. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Distribution Channel (2019-2026)17.2. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Distribution Channel (2027-2033)
18. Asia-Pacific Two-Wheeler Tire Market, By Region, 2019-2033 (USD Million)
18.1. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Region (2019-2026)18.2. Asia-Pacific Two-Wheeler Tire Market Size and Market Share By Region (2027-2033)18.3. China18.4. India18.5. Indonesia18.6. Japan18.7. Rest of Asia Pacific
19. Company Profile
19.1. Apollo Tyres Ltd19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Bridgestone19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. CEAT Limited19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Cheng Shin Rubber19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Hangzhou Zhongce Rubber19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. JK Tyre & Industries Ltd.19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Michelin19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. MRF Limited19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. TVS Srichakra Limited19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia-Pacific Two-Wheeler Tire Market is projected to reach USD 12.12 Billion by 2033, growing at a CAGR of 3.9% during the forecast period.
Asia-Pacific Two-Wheeler Tire Market grew in market size from 2023. The Market is expected to reach USD 12.12 Billion by 2033, at a CAGR of 3.9% during the forecast period.
Asia-Pacific Two-Wheeler Tire Market CAGR of 3.9% during the forecast period.
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Asia-Pacific Two-Wheeler Tire Market size is USD 12.12 Billion from 2023 to 2033.
Asia-Pacific Two-Wheeler Tire Market Segment is Covered By Vehicle Type, By Type of Tire, By Fuel Type, By Rim Size, By Distribution Channel
The Asia-Pacific region is anticipated to have the highest market share in Asia-Pacific Two-Wheeler Tire Market.
The key players in the market include Companies Covered Apollo Tyres Ltd, Bridgestone, CEAT Limited, Cheng Shin Rubber, Hangzhou Zhongce Rubber, JK Tyre & Industries Ltd., Michelin, MRF Limited, TVS Srichakra Limited., Others
A tyre type intended for two-wheeled vehicles, like bicycles, scooters, mopeds and motorcycles, is referred to as a two-wheeler tyre.
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