Market Size of Europe Two-Wheeler Tire Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Two-Wheeler Tire Market Analysis
The Europe Two-Wheeler Tire Market is projected to grow with a CAGR of more than 7 % during the forecast period.
- The market is primarily driven by the demand for two wheelers in the region. Also, the rise in urbanization and lack of infrastructure for four-wheeler parking is expected to act in favor. This subsequently is expected to help the market for two-wheeler tires.
- In 2019, the sales figures for 2-wheelrs were up by almost 8% in Europe. The motorcycle demand in 2020, was up by 11% in January, 7.1% in February but later-on fell 35% due to the Lockdown imposed in the region amid COVID-19.
- 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.
