Continuously growing
two-wheeler sales volume coupled with expanding fleet size to drive global
two-wheeler tire market through 2023
According to recently
released TechSci Research report, “Global
Two-Wheeler Tire Market By Vehicle Type, By
Demand Category, By Region, Competition Forecast & Opportunities, 2013-2023’’, the global two-wheeler
tire market is forecast to cross $ 18 billion by 2023. Major drivers boosting two-wheeler
tire demand across the globe include rising two-wheeler sales due to their ease
of maneuverability and high mileage coupled with expanding two-wheeler fleet. Asia-Pacific
accounts for the lion’s share in the global two-wheeler tire market on account
of high
population density and inefficient road infrastructure across various major
economies of the region.
Continuous business expansion of
prominent two-wheeler tire manufacturing companies across the globe such
as Apollo, CEAT, MRF, IRC, ZC Rubber, etc., and their continuing research and development activities
to manufacture technologically advanced, economical as well as more efficient
tires and their growing product portfolio is further anticipated to intensify
the competition in the two-wheeler tire market across the globe over the course
of the next five years.
Browse 204 market data Figures spread through 291 Pages and an in-depth TOC on
"Global Two-Wheeler Tire Market" https://www.techsciresearch.com/report/global-two-wheeler-tire-market/3110.html
Scooter/moped
segment dominated the global two-wheeler tire segment in 2017 on the back of
growing preference for scooters and mopeds, especially in Asia-Pacific region,
and among the younger generation. A steep rise in demand for scooters has been
registered in countries such as India due to rising demand from female drivers.
Moreover, dominance of scooter segment was further supported by rapid increase
in demand for premium scooters in European countries over the last few years, which
has consequently led to higher sales of scooter tires in the global two-wheeler
tire market. Furthermore, mopeds, which don’t require license in many countries,
is largely being used in countries having large influx of tourist, thereby
stimulating demand for moped tires.
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“Low per capita
income, rising crude oil prices, increasing traffic congestions along with poor
public transport infrastructure in various major countries across Asia-Pacific and
Africa are contributing
significantly towards the growth of the global two-wheelers industry, and thus,
two-wheeler tire market. Moreover, with growing inclination of general
population towards two-wheelers owing to their high maneuverability and
expansions of product portfolios by major two-wheeler tire manufacturers, the global
two-wheeler tire market is poised to grow at a brisk pace over the next five
years.’’ said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Two-Wheeler Tire
Market By Vehicle Type, By Demand Category, By Region, Competition Forecast
& Opportunities, 2013-2023” has analyzed the potential of global
two-wheeler tire market, and provides information and statistics on market
structure and trends. The report will suffice in providing the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. The report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the global two-wheeler
tire market.
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