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[ 英語タイトル ] Asia-Pacific 2-Wheeler Tire Market - Growth, Trends, and Forecasts (2020 - 2025)


Product Code : MDAT0088593
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 80
Category : Automotive and Transportation
Report format : PDF
Sales price option (consumption tax not included)
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 - Hangzhou Zhongce Rubber
- Bridgestone
- Michelin
- MRF Limited
- CEAT Limited
- TVS Srichakra Limited
- JK Tyre and Industries Ltd.
- Apollo Tyres Ltd
- Cheng Shin Rubber

[Report Description]

The Asia-Pacific 2-Wheeler Tire Market is anticipated to register a CAGR greater than 5.45% during the forecast period (2020 – 2025).

The Asia-Pacific has the largest market for 2 -wheeler tire sales. Both China and India are world-leading markets with a combined market share of over 75%. Emerging markets also include South East Asian Countries like Indonesia and Vietnam, which also saw positive growth.

Unlike United States and Europe, where the 2-Wheeler segment is dominated by motor bikes, instead, scooters/mopeds dominate the Asia-Pacific market. Also, 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.

Another factor responsible for the growth in the adoption of cutting-edge manufacturing technology by OEMs that offer product differentiation through sustainability, durability, and affordability. For instance, demand for retreading of tires is increasing as it reduces the operating cost in the after-market, preventing tires from a complete replacement, and thereby, is a cost-effective option.

Key Market Trends

E-Bikes Will Push the Growth of the 2-Wheeler Tire Market

Cities in Asia have jam-packed roads. With the increasing number of vehicles, the existing infrastructure is unable to meet needs in every town and lanes. Traffic congestion inhibits the productivity of people with a lot of time lost waiting. As a result of many of the Asian governments, are promoting the sales for E-Bikes as they occupy lesser space resulting in more minor traffic jams.

The Indian government has also granted an exemption of registration fees for battery-operated/electric vehicles and even an exemption to permits to E-Vehicles running on ethanol and methanol fuels. It has also allowed obtaining driving licenses to drive e-scooters for the age group of 16-18 years. All these indicate a bright future of the E-Bikes vehicles in the country.

Wheels for E-bike come in many different sizes today, ranging from 12 inches to massive 29 inches in diameter. E-bikes are majorly equipped with a 16", 20", or 26" inch diameter wheel. For instance, the electric cruiser bike by Tower comes equipped with a 26-inch diameter wheel. 16-Inch Electric Bike Wheel is typically found on folding electric bikes, being lightweight, and meant to fold together so they can easily be transported. While 26-Inch Electric Bike Wheel is more commonly found on an electric bike. They are used as mountain bikes and also beach cruisers.

With such any wide range of options and growing government incentive towards E-vehicles, Asian countries will see a larger demand for E-bikes wheels as well.

India Will Dominate The 2-Wheeler Tire Market Worldwide

In India, half of the tire production is represented by 2-Wheeler tires. Although this segment accounts for only 13-15% of the tire industry sales. The domestic market for the 2-wheeler tire is dominated by three major players who are MRF, CEAT, and TVS, accounting for over 80% of the 2-wheeler market.

With the increasing number of vehicles, the existing infrastructure is unable to meet needs in every town and lanes. Traffic congestion inhibits the productivity of people with a lot of time lost waiting. As a result, the government is promoting the sales for E-Bikes as they occupy lesser space resulting in more minor traffic jams.

Indian 2-Wheeler Rental industry is also at a nascent stage. But, due to 2-wheeler's leaner volume, which significantly reduces traffic congestion, ride-hailing giant Ola and Uber have now heavily invested in scooter rental.

With E-bikes and 2-wheeler Rentals on the rise, India 2-Wheeler Tire market will also see a growing demand in the times ahead.

Competitive Landscape

The Asia-Pacific 2-Wheeler Tire Market is consolidated with existing market players such as Hangzhou Zhongce Rubber, Giti Tire Pte. Ltd, Cheng Shin Rubber, MRF Limited, CEAT Limited, TVS Srichakra Limited, JK Tyre and Industries Ltd., and Apollo Tyres Ltd, which hold the most significant shares. Although to have the edge over its competitors, the major actuators manufacturing companies are making joint-ventures, partnerships to launch newer products.

For instance, in 2019, MRF has launched a new tire model called the Nylogrip Ezeeride. Which is available in, tube and tubeless forms, and in 10 sizes that fit across many popular models, ranging from Hero's Splendor to Royal Enfield's Bullet.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Motorcycle
5.1.2 Scooter/Moped
5.2 Fuel type
5.2.1 Petrol
5.2.2 Electric
5.3 Demand Category
5.3.1 OEM
5.3.2 Replacement
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 Indonesia
5.4.1.5 Rest of Asia-Pacific

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Hangzhou Zhongce Rubber
6.2.2 Bridgestone
6.2.3 Michelin
6.2.4 MRF Limited
6.2.5 CEAT Limited
6.2.6 TVS Srichakra Limited
6.2.7 JK Tyre and Industries Ltd.
6.2.8 Apollo Tyres Ltd
6.2.9 Cheng Shin Rubber

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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