Overview of the Asia-Pacific Two-Wheeler Tire Market:
Gain data-driven insights into the Asia-Pacific Two-Wheeler Tire Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.
Executive Summary
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.
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.
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Asia-Pacific Two-Wheeler Tire Market Segmentation
Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.
-By Demand Type
- OEM
- Aftermarket
The aftermarket segment is anticipated to hold a substantial share of the market. High ownership rates of Two-Wheelers and the growing penetration of ride-hailing service providers in the region have resulted in the accumulation of Two-Wheeler fleets.
-By Price Category
- Budget (Upto USD 10)
- Economy (USD 11-USD 30)
- Premium (Above USD 31)
The budget and economy-type tires are anticipated to hold a dominant position in the market. In the Asia-Pacific region, price sensitivity plays a crucial role in decision-making.
-By Vehicle Type
- Scooter and Moped- Market Size & Forecast 2019-2030F, Unit Sold (Thousand)
- Motorcycle- 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 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)
Geographical Analysis
-By Country
- China
- India
- Japan
- Malaysia
- Indonesia
- Singapore
- Cambodia
- Vietnam
- Thailand
- Philippines
- Australia
- New Zealand
- South Korea
- Rest of Asia-Pacific
China is witnessing a substantial growth rate in the region. China's rapid urbanization has led to an increase in personal mobility, with more individuals opting for Two-Wheelers as a convenient and cost-effective mode of transportation in congested city environments.
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Competitive Market Strategies: List of Largest Asia-Pacific Two-Wheeler Tire Companies
Analysis of the competitive landscape and company strategies. We profile leading players Business Description, Product Portfolio, Recent Developments, and list key Strategic Alliances or Partnerships approaches.
- 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 Co. Ltd.
- Inoue Rubber Co. Ltd. (IRC Tires)
- Heidenau Tyres
- Others
Future Market Analytics Focus Points
Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:
- Identify Emerging Market Trends: Recognize new trends shaping industries.
- Leverage Big Data Analytics: Use data for informed decision-making strategies.
- Explore Geographic Expansion: Target growth opportunities in new areas.
- Analyze Consumer Behavior: Adapt to shifting preferences and habits.
- Emphasize Sustainability: Align strategies with ethical and sustainable practices.
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Objectives of the Study
Clearly state what the report aims to achieve. For example:
- Provide a comprehensive market overview with quantitative forecasts.
- Identify key market segments and competitive dynamics.
- Analyze trends and drivers influencing growth.
- Highlight challenges and risks, plus mitigation strategies.
- Offer actionable insights and recommendations for decision-makers.
Report Delivery Model
“Our market research report is available in multiple formats for convenience:
- Interactive PDF with rich charts and data tables.
- PowerPoint summary deck for easy presentation and sharing.
- Excel containing all research figure.
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