What is Global Motorcycle Racing Grade Tires Market?
The Global Motorcycle Racing Grade Tires Market is a specialized segment of the broader tire industry, focusing on the production and distribution of high-performance tires specifically designed for motorcycle racing. These tires are engineered to withstand the extreme conditions of racing, including high speeds, sharp turns, and varying road surfaces. They are typically made from a blend of synthetic and natural rubber, along with other materials like fabric and wire, to provide the optimal balance of grip, durability, and heat resistance. The market encompasses a range of tire sizes, including 17", 18", and others, to cater to different types of motorcycles and racing conditions.
17", 18", Others in the Global Motorcycle Racing Grade Tires Market:
The size of the tire plays a crucial role in the performance of a racing motorcycle. The 17" and 18" tires are among the most commonly used in the Global Motorcycle Racing Grade Tires Market. The 17" tire is the largest segment, accounting for about 60% of the market. These tires are preferred for their balance of speed, stability, and maneuverability, making them suitable for a wide range of racing motorcycles. On the other hand, 18" tires are favored for off-road racing due to their larger surface area and increased traction. Other tire sizes are also available to cater to specific racing requirements and motorcycle models.
Road Racing, Off-road Racing in the Global Motorcycle Racing Grade Tires Market:
The Global Motorcycle Racing Grade Tires Market caters to various types of motorcycle racing, including road racing and off-road racing. Road racing is the largest application segment, accounting for about 80% of the market. This type of racing involves high-speed competitions on paved surfaces, requiring tires with excellent grip and heat resistance. Off-road racing, on the other hand, takes place on unpaved surfaces like dirt, sand, and gravel. This requires tires with a more aggressive tread pattern for better traction and stability. The market offers a range of tire options for both road and off-road racing, ensuring that racers can find the perfect tire for their specific needs.
Global Motorcycle Racing Grade Tires Market Outlook:
The Global Motorcycle Racing Grade Tires Market has shown significant growth in recent years. In 2022, the market was valued at US$ 1196.7 million. It is projected to reach a value of US$ 1683.9 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.6% from 2023 to 2029. This growth can be attributed to the increasing popularity of motorcycle racing and the continuous advancements in tire technology. The largest product segment in this market is the 17" tire, which holds about 60% of the market share. Similarly, the largest application segment is road racing, which accounts for about 80% of the market. These figures highlight the significant role of these segments in driving the growth of the Global Motorcycle Racing Grade Tires Market.
| Report Metric | Details |
| Report Name | Motorcycle Racing Grade Tires Market |
| Accounted market size in 2023 | US$ 1282.7 million |
| Forecasted market size in 2029 | US$ 1683.9 million |
| CAGR | 4.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Pirelli, Shinko, Michelin, Bridgestone, Goodyear Tire and Rubber Company, Continental |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
