Global Two Wheeler Tires Market: Industry Analysis and Forecast (2019-2026)
Global Two Wheeler Tires Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a 7.6% CAGR of around during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Two Wheeler Tires MarketTwo wheeler tires are manufactured from rubber and other raw material which offer traction for smooth running of the vehicle. An upsurge in the sale of two-wheelers and propelling electric vehicle market supplementing the growth of two wheeler tires market. Moreover, market players focusing on the development of anti-skid, flat run tires, eco tires, enhanced grip tires, nitrogen using tires and others are further driving the market owing to rise in demand of specialized material used in tires to improve tire quality and sidewalls for an increasing lifeline of the tire.
The report covers all the trends and technologies playing a major role in the growth of the two-wheeler tires market over the forecast period. It highlights the drivers, restraints, challenges and opportunities expected to influence the market growth during this period. One of the major challenge in the growth of the global two wheeler tires market is the market facing a blow of US-China trade war. Automotive tires and synthetic rubber have been dragged into this US-China trade war, and this will affect the forecasts of the market.
Motorcycle segment is expected to witness significant growth during the forecast period. The increasing affordability of motorcycles will be one of the significant factors driving the growth of the global two wheeler tire market in the segment.
The report offers a brief analysis of the major regions in the market, namely, APAC, Europe, North America, South America, and the Middle East & Africa. APAC will account for the highest two-wheeler tire market share throughout the forecast period. The adoption of commuter scooters and motorcycles and the rising number of high net worth individuals (HNWIs) are some of the factors responsible for the high two-wheeler tire market growth in the region.
In urban cities, people opt for two-wheeler rather than four-wheelers to avoid traffic. Moreover, the growing consumer power and the obsession of young population with two-wheelers are leading to the great demand of two-wheelers. The easy finance & credit services have also made it easier for the working professionals to own scooters or motorcycles; policies which always delight the two-wheeler tire making enterprises.
The objective of the report is to present comprehensive analysis of Global Two Wheeler Tires Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Two Wheeler Tires Market dynamics, structure by analyzing the market segments, and project the Global Two Wheeler Tires Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Two Wheeler Tires Market make the report investor’s guide.
Scope of the Global Two Wheeler Tires Market
Global Two Wheeler Tires Market, By Vehicle Type
Global Two Wheeler Tires Market, By Demand
Global Two Wheeler Tires Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Two Wheeler Tires Market
• Apollo Tires Ltd.
• Bridgestone Corporation
• CEAT Limited
• Cheng Shin Rubber Ind. Co., Ltd.
• Continental Aktiengesellschaft
• Cooper Tire & Rubber Company
• Giti Tire Pte. Ltd.
• Hangzhou Zhongce Rubber CO., LTD.
• JK Tire & Industrie
• Kenda Rubber Industrial Co., Ltd.
• MRF Limited
• PT Gajah Tunggal TBK
• Multi Strada Arah Sarana
• Rinaldi S/A Industria de Pneumaticos
• TVS Srichakra Limited
This Report Is Submitted By : Maximize Market Research Company
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