Two-wheeler tire market: technological advancements expected to drive revenue growth 2021-2031
The global two-wheeler tire market is expected to show strong growth during the forecast period. The Global Two-Wheeler Tires report has been thoroughly researched and researched by Transparency Market Research (TMR). The market research report presents a comprehensive analysis of the global two-wheeler tires market along with an overview of the competition existing among the major players operating in the market. The Supplier Landscape section includes several aspects of key players such as product portfolio, core innovation and development strategies, core staff, geographic area covered, acquisitions, mergers, deals and other financial and non-financial strategies.
The presence of leading players should trigger intense market competition between them, creating this oligopolistic market. On the other hand, small-scale players face increasing challenges in gaining a foothold in the market. Due to the incorporation of advanced technology into these tires, newcomers might have difficulty in venturing into the market. The main companies operating in the market are Apollo Tires Ltd., Bridgestone Corporation, CEAT Limited, Deestone Company Limited, JK Tire & Industries and MRF Limited, among others.
According to TMR, the global two-wheeler tire market is expected to grow at a CAGR of 4.6% from 2017 to 2026 and is expected to reach a valuation of approximately $ 16,939 million by the end of the forecast period.
Segment overview of the global two-wheeler tire market:
Based on Region, the global two-wheeler tire market has been segmented into North America, Latin America, Middle East & Africa, Europe, Asia-Pacific excluding Japan and Japan. Of these, Asia-Pacific excluding Japan is likely to become the central region for market players to capitalize on due to countries such as India and China where the demand for two-wheelers is relatively high.
For more industry information, request a brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=40121
In addition, since India’s road infrastructure is relatively poor, the secondary market for two-wheel tires is also high in this country as people search for replacements. The Asia-Pacific non-Japan two-wheeler tire market is expected to reach a valuation of around US $ 6,084 million by the end of 2026. Demand from European countries is also expected to be high due to government subsidies provided. to tire manufacturers in the UK. and Italy.
Based on Cut, the global two-wheeler tire market has been split into less than 18 and greater than or equal to 18. Between these two, less than 18 are expected to dominate the market by the end of the forecast period, reaching a valuation of over $ 2,460 million. by the end of 2026.
Based on request category, the global two-wheeler tire market has been divided into OEM and aftermarket. Of these two categories, the replacement category is expected to dominate the market in the long run, as replacement demand is higher in most developing countries.
Based on application, the global two-wheeler tire market has been segmented into street, racing, dual sport and off-road tires. Of these, two-wheeler tire usage is expected to remain higher than others by the end of the forecast period.
Based on Vehicle type, the global two-wheeler tire market has been categorized into motorcycles, scooters and mopeds. The use of two-wheeled tires is expected to remain high in motorcycles by the end of 2026.
Get more PR by TMR @ https://www.prnewswire.co.uk/news-releases/digital-bss-market-to-advance-at-cagr-of-11-9-during-forecast-period-finds-tmr-study-882494358. html
Transparency Market Research is a global market intelligence company providing business information reports and services on a global scale. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking information to multiple decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information.
Internet Marketing Manager
Phone. : + 1-415-520-1050