Market Size of North America 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 | 4.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America 2-Wheeler Replacement Tire Market Analysis
The North America 2-Wheeler Replacement Tire Market is anticipated to register a CAGR of about 4.4% 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 North American nations when it comes to purchasing motorcycles. According to the Bureau of Transportation Statistics, over the past 12 years, motorcycle registrations in the U.S. have increased from 3,826,373 in 1997 to 6,678,958 in 2006, which indicates an overall increase of tires needs for motorbike segment.
- 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.
- E-bike sales have been growing steadily over the years. However, they still only represent a small portion of the overall bike market in the U.S. As a result, 2-wheeler Replacement Tire manufacturers are exploring opportunities in the E-bikes market.
