The Asia-Pacific Two-Wheeler Tire Market size was valued at around USD 10.16 billion in 2022 and is estimated to grow at a CAGR of around 7.39% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Asia-Pacific Two-Wheeler Tire Market Driver:
Growing Penetration of Two-Wheelers in Shared Mobility Services – In the Asia-Pacific region, the number of students that commute regularly has been constantly growing due to favorable government policies such as easy visa clearance & student exchange programs to attract foreign students for higher studies. For instance, in 2021, Australia welcomed nearly 572,349 international students, which reached approximately 619,371 in 2022, according to the Ministry of Education. These students have been observed to prefer to hire Two-Wheeler shared & rental services, as scooters & bikes are ideal options to avoid city congestion & save costs.
Observing this enhanced demand for Two-Wheelers among students, ride-hailing companies such as Lime, Ola, etc., have expanded across the region in the past few years. Thus, the enhanced deployment of Two-Wheelers on the roads of Asia-Pacific countries is generating demand for tire replacement.
Also, several countries across the region, like New Zealand, India, etc., have been focusing on increasing the number of tourist arrivals across their countries. This has enhanced the inclination of shared mobility companies to expand their services across the region to cater to these customers. Consequently, this would upscale the usage of Two-Wheelers across the region, which would lead to enhancing the demand for Two-Wheeler tires for replacement purposes in the forthcoming years as well. For instance,
In 2021, Carlyle announced to invest USD200 Million in Kakoo Mobility in South Korea to provides a wide range of mobility services through its Kakao T mobile-app platform including, electric bike hire, parking, and navigation.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Asia-Pacific Two-Wheeler Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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)
- Scooter and Moped- 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)
- By Country
- China
- India
- Japan
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Australia
- New Zealand
- South Korea
- Rest of Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 Ltd., Inoue Rubber Co. Ltd. (IRC Tires), Heindenau Tyres, and others looking forward to strengthening their market positions.
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