Stratview Research delivers key insights on the Two-Wheeler Tires Market. According to Stratview Research, the market is segmented by Application Type (Motorcycles and Bicycles), Tire Type (Radial Tires and Bias Tires), End-User Type (OE and Aftermarket), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Market Insights
The report suggests that the overall Two-Wheeler Tires Market is estimated to grow from USD 13.19 billion in 2021 to USD 18.4 billion by 2027 at a healthy CAGR of 5.5% during the forecast period.
Market Segments' Analysis
Application Trends
The market is segmented into motorcycles and bicycles. The motorcycle accounted for a market share of more than 60% in 2021 & is expected to be the dominant application type in the market, generating demand for two-wheeler tires during the forecast period.
End-User Trends
The market is segmented as OE and aftermarket. The aftermarket segment accounted for a significant share of more than 70% in 2021 & is expected to be the dominant as well as the faster-growing end-user type in the market during the forecast period.
Regional Analysis
Asia-Pacific accounted for a market share of more than 70% in 2021 & is expected to remain the largest market for two-wheeler tires during the forecast period.
Key Players
The following are some of the key players in the Two-Wheeler Tires market:
• Continental AG
• Goodyear Tire and Rubber Company
• MRF Tyres
• Sumitomo Tires
• Trelleborg AB
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Two-Wheeler Tires market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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