What is Global Motorcycle Tyres Market?
The Global Motorcycle Tyres Market is a vast and dynamic sector that encompasses the production, distribution, and sale of motorcycle tyres worldwide. This market is a significant component of the global automotive industry, playing a crucial role in the performance, safety, and efficiency of motorcycles. The market's value was estimated at US$ 5584.3 million in 2022, and it is projected to grow to US$ 6826.8 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period from 2023 to 2029. The growth of the market is driven by various factors, including the increasing demand for motorcycles, advancements in tyre technology, and the rising popularity of motor sports. However, the market also faces several challenges, such as the fluctuating raw material prices and stringent environmental regulations. Despite these challenges, the Global Motorcycle Tyres Market continues to offer numerous opportunities for manufacturers, distributors, and other stakeholders in the industry.
Bias Tyre, Radial Tyre in the Global Motorcycle Tyres Market:
In the Global Motorcycle Tyres Market, there are two main types of tyres: Bias Tyre and Radial Tyre. Bias Tyres, which account for about 55% of the market, are made from multiple rubber plies overlying each other. This overlapping creates a thick layer that is resistant to punctures and cuts. On the other hand, Radial Tyres are designed with the ply cords extending from the beads and across the tread, so that the casing ply arrangement is at right angles to the direction of rotation. This design allows the tyre to flex more, providing better control and traction. Both types of tyres have their own advantages and disadvantages, and the choice between them depends on various factors, such as the type of motorcycle, the riding style, and the road conditions.
Replacement, OE in the Global Motorcycle Tyres Market:
The Global Motorcycle Tyres Market serves two main areas: Replacement and Original Equipment (OE). The Replacement segment, which constitutes about 55% of the market, involves the sale of tyres to replace the worn-out or damaged ones on existing motorcycles. This segment is driven by the regular need for tyre replacement due to wear and tear, punctures, and other damages. The OE segment, on the other hand, involves the sale of tyres to motorcycle manufacturers for the production of new motorcycles. This segment is driven by the production of new motorcycles, which requires the installation of new tyres. Both segments play a crucial role in the overall market and offer different opportunities for market players.
Global Motorcycle Tyres Market Outlook:
To recap, the Global Motorcycle Tyres Market was valued at US$ 5584.3 million in 2022 and is expected to reach US$ 6826.8 million by 2029, growing at a CAGR of 3.0% during the forecast period from 2023 to 2029. The largest product segment in the market is the Bias Tyre, which accounts for about 55% of the market. The largest application segment is the Replacement segment, which also accounts for about 55% of the market. These figures highlight the significant role of the Global Motorcycle Tyres Market in the global automotive industry and its potential for growth in the coming years.
| Report Metric | Details |
| Report Name | Motorcycle Tyres Market |
| Accounted market size in 2023 | US$ 5707.3 million |
| Forecasted market size in 2029 | US$ 6826.8 million |
| CAGR | 3.0 |
| 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 | Bridgestone, Michelin, Cheng Shin Rubber, Kenda Tires, Continental Tires, Pirelli, Sumitomo Rubber, JILUER Tyre, Hangzhou Zhongce Rubber, CEAT, Madras Rubber Factory, FEICHI TIRE, JK Tyre & Industries, Mitas, Shinko Tire, Giti Tire, Heidenau |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
