Market Size of Europe 2-Wheeler Replacement Tire Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe 2- Wheeler Replacement Tire Market Analysis
The Europe 2-Wheeler Replacement Tire Market is anticipated to register a CAGR greater than 4.0% during the forecast period (2020 - 2025).
2-Wheeler Replacement Tire has always remained in demand, and with more extensive ownership of personal 2-Wheelers and growing technological advancements, the need for these will only increase. A surplus amount of income is spent by European nations when it comes to purchasing motorcycles.
Balding of the tire due to excessive tear after running the vehicle for a set number of miles and road damage resulting faulting in tires sidewalls are a few significant reasons as to why customers get their tires replaced. For instance, Retreading allows the tire to perform the same as a new tire, adding the extra mile to your tire life. The older casing can be used again, while new treads can be added twice or thrice depending on the tire condition.
In 2019, E-bike sales in Europe had reached 3.2 million units, up from 2.6 million units the previous year. E-bike sales have been continuously growing over the year, indicating towards opportunities in the 2-wheeler Replacement Tire market.
