China Two-Wheeler Tire Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The China Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. The rise in demand for two-wheeler tires in China is attributed to the increasing use of these vehicles for personal and commercial purposes. The rise in usage of two-wheelers has been due to their fuel efficiency, convenience, such as while navigating congested urban areas, and rising motorcycle sportsmanship. In addition, young demographics prefer leisure motorcycling as their hobbies. All these require advanced tires having better grip and suspension, thus driving year-on-year demand for off-road, dual-purpose, and track tires.
Markntel Advisor’s China Two-Wheeler Tire Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, China Two-Wheeler Tire Market drivers, barriers, China Two-Wheeler Tire Market Trends, and Key Players in China Two-Wheeler Tire Market.
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China Two-Wheeler Tire Market Dynamics: 2024-2030
China Two-Wheeler Tire Market Driver:
Two-Wheeler Fleet Expansion Due to Rising Demand for Personal Transportation & Expanding E-commerce Sector to Propel Market Growth – China Two-Wheeled Tire Industry is seeing a tremendous surge due to the increasing fleet of motorcycles and scooters, as more individuals prefer this mode of personal transportation. This trend holds nationwide with heightened demand for tires to support both new and pre-existing two-wheelers. Factors like urbanization, and lifestyle changes amongst consumers, coupled with increased disposable income are major contributors driving the rise in popularity among personal two-wheeler usage throughout China. As the nation grows and becomes more congested, many individuals are turning to motorcycles and scooters as a more efficient means of navigating traffic. Chinese cities such as Beijing are one of the most densely populated capital cities in the world. With over 21 million residents and a rapidly growing economy, China’s capital is facing significant traffic congestion. According to China Urban Transportation, Beijing’s traffic congestion index reached a peak of 2.09 in 2023 depicting an increase of around 5.6% in commuter peak traffic congestion. Due to this, the fleet size of two-wheelers is increasing, and in return, frequent wear and tear of tires is boosting the need for replacement tires.
Furthermore, China is the largest e-commerce country across the globe due to the significant internet penetration, and smartphone users across the country. The country has the presence of significant platforms for online shopping such as Alibaba’s Tmall, JD.com, Pinduoduo, etc. In addition, the country’s government provides considerable support to the e-commerce sector through various initiatives such as the Digital China strategy, cross-border trade policies, etc. Hence, these factors have been positively impacting the growth of the e-commerce sector which is further contributing to the growth of the Two-Wheeler Market in China. As scooters and motorcycles play a key role in product delivery, their demand has been increasing from the e-commerce companies thereby strongly contributing to the growth & expansion of the China Two-Wheeler Tire Market.
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China Two-Wheeler Tire Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Vehicle Type
- Scooters & Mopeds– Market Size & Forecast, 2019-2030, Thousand
- Motorcycles- Market Size & Forecast, 2019-2030, Thousand
- By Tire Type
- Radial- Market Size & Forecast, 2019-2030, Thousand
- Bias- Market Size & Forecast, 2019-2030, Thousand
- By Demand Type
- OEMs- Market Size & Forecast, 2019-2030, USD Million
- Replacement- Market Size & Forecast, 2019-2030, Thousand
- By Tire Size
- Tire Size 1- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 2- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 3- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 4- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 5- Market Size & Forecast, 2019-2030, Thousand
- By Price Category
- Budget-Market Size & Forecast 2019-2030, Thousand
- Economy-Market Size & Forecast 2019-2030, Thousand
- Premium-Market Size & Forecast 2019-2030, Thousand
- By Sales Channel
- Direct Sales-Market Size & Forecast 2019-2030, Thousand
- Exclusive Outlets-Market Size & Forecast 2019-2030, Thousand
- Multi Brand Stores-Market Size & Forecast 2019-2030, Thousand
- Online- Market Size & Forecast 2019-2030, Thousand
- By Region
- North Central
- North-East
- North-West
- South East
- South-West
- South Central
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the China Two-Wheeler Tire Market:
- Zhongce Rubber Group Co., Ltd.
- Michelin
- Bridgestone
- Pirelli
- Cheng Shin Rubber (CST)
- Qingdao Oguan Rubber Products Co., Ltd.
- Richtone Tyres
- Tianjin Hengtai Gallop Technology Co., Ltd. (Kingtyre)
- Good Year Tire & Rubber Company
- Mitas Tires
- Others
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