Market Size of Asia Pacific 2-Wheeler Tire Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.45 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Two Wheeler Tire Market Analysis
The Asia Pacific 2-Wheeler Tire Market is anticipated to register a CAGR greater than 5.45% during the forecast period (2020 - 2025).
The Asia Pacific has the largest market for 2 -wheeler tire sales. Both China and India are world-leading markets with a combined market share of over 75%. Emerging markets also include South East Asian Countries like Indonesia and Vietnam, which also saw positive growth.
Unlike United States and Europe, where the 2-Wheeler segment is dominated by motor bikes, instead, scooters/mopeds dominate the Asia Pacific market. Also, market players are investing heavily in development of anti-skid, flat run tires, eco tires and enhanced grip tires for improving the safety and enhance the driving experience of the rider.
Another factor responsible for the growth in the adoption of cutting-edge manufacturing technology by OEMs that offer product differentiation through sustainability, durability, and affordability. For instance, demand for retreading of tires is increasing as it reduces the operating cost in the after-market, preventing tires from a complete replacement, and thereby, is a cost-effective option.
