Asia-Pacific Two-Wheeler Tire Market Witness Highest Growth at a CAGR of 7.39% by 2030

Quick Overview of the Asia-Pacific Two-Wheeler Tire Market Analysis

The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), Asia-Pacific Two-Wheeler Tire Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Market Insights Analysis: Asia-Pacific Two-Wheeler Tire Market (2024-30):

According to the latest report, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2024-30.

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Asia-Pacific Two-Wheeler Tire Market Challenge:

Availability of Retreaded Tires Restricting the Demand for New Tires – China, Japan, and Thailand are among the leading countries in the sales supply of retreaded tires in the Asia-Pacific region, as these countries have been using advanced technology to improve the applicability of used old tires for further resale. These countries have been exporting a huge quantity of retreaded tires to Asia-Pacific countries such as Vietnam, Malaysia, Cambodia, etc., as the customers in these importing countries are price-sensitive prefer to buy tires available at a low cost. This has been negatively affecting the replacement demand for new tires has been hampering the sales of newly manufactured tires in the region.

The geographical proximity of the exporting countries to the importing countries is an added advantage as it minimizes transportation costs further reduces the overall price of retreaded tires in the importing countries. For instance, in 2021 Malaysia imported nearly USD 5.23 million worth of retreaded tires in comparison to USD 2.37 million in 2019, as per the World Integrated Trade Solution. Therefore, the low-cost availability of retreaded tires has been restricting the sales of fresh tires, which would remain a challenge in the upcoming years as well for the Two-Wheeler Tire Market.

Market Bifurcations Based on Different Segments:

The Asia-Pacific Two-Wheeler Tire Market covered in this report is segmented into:

-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. As budget economy-type tires deliver a balance between quality price, both segments are attractive options for a larger portion of the population, particularly those with lower budgets. As Two-Wheelers are widely used for daily commuting and food delivery services, they tend to accumulate high mileage, and their tires wear out relatively quickly. Thus, budget or economy tires allow riders to replace them more frequently without incurring a significant financial burden.

Hence, owing to the higher cost advantages of budget economy tires, both segments are anticipated to hold a substantial share in the Asia-Pacific Two-Wheeler Tire Market during 2024-30.

-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)

-By Demand Type

OEM- Market Size Forecast 2019-2030F, Unit Sold (Thousand)
Aftermarket - Market Size Forecast 2019-2030F, Unit Sold (Thousand)

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On the geographical front, the Asia-Pacific Two-Wheeler Tire Market expands across the following:

-By Country

China
India
Japan
Malaysia
Indonesia
Singapore
Cambodia
Vietnam
Thailand
Philippines
Australia
New Zealand
South Korea
Rest of Asia-Pacific

Companies Listed in Asia-Pacific Two-Wheeler Tire Market

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

Asia-Pacific Two-Wheeler Tire Market Report Table of Contents Includes:

Introduction
Executive Summary
Expert Verbatim- What our Experts Say?
Asia-Pacific Two-Wheeler Tire Management Market Pricing Analysis
Competitive Outlook
Disclaimer

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Reasons to Buy the Market Report

The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the Asia-Pacific Two-Wheeler Tire Marketto plan their strategic investments.
The stakeholders can also get a hold of unbiased accurate data into the dynamic interface of the industry to frame robust business strategies investments utilizing the information cited.
With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry establish dominance profits over the years.
The analysis further incorporates data that would offer efficiency to the investors in organizing their sales marketing efforts by identifying the opportunities offered in the Asia-Pacific Two-Wheeler Tire Market.

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MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.

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