Asia-Pacific Two-Wheeler Tire Market Growth Anticipated to Reach USD 10.16 Billion Billion in 2022

Asia-Pacific Two-Wheeler Tire Market Overview:

MarkNtel Advisors has recently published a detailed research report on the Asia-Pacific Two-Wheeler Tire Market. The report is specifically tailored to offer valuable insights and support for clients navigating this dynamic market. It focuses on key objectives such as predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners.

Asia-Pacific Two-Wheeler Tire Market Insights and Analysis

The Asia-Pacific Two-Wheeler Tire Market is estimated to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. Our comprehensive report provides a thorough examination of market players, opportunities, and valuable insights, equipping our clients with the indispensable information needed to make well-informed decisions within this dynamically evolving environment.

Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/apac-two-wheeler-tire-market.html

Insights into Dominant Segments in the Asia-Pacific Two-Wheeler Tire Market

By analysing each Segments, including

-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)

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/apac-two-wheeler-tire-market.html

Asia-Pacific Two-Wheeler Tire Market Geographical Reach:

The Asia-Pacific Two-Wheeler Tire Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.

-By Country

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

clients can concentrate their investments on the segments that present the most favourable prospects. This strategic methodology empowers clients to fine-tune their investment portfolio and attain enduring growth within the Asia-Pacific Two-Wheeler Tire market.

Current Landscape of Asia-Pacific Two-Wheeler Tire Market

The key players profiled in the research report are

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

In light of the ongoing rapid transformations within the Asia-Pacific Two-Wheeler Tire market, retaining a strategic advantage is paramount for both businesses and investors. At MarkNtel Advisors, we exactly identify and study every notable player, taking into account their recent product launches, mergers, acquisitions, and collaborations. This thorough analysis assists our clients in making more accurate projections and staying competitive in the market.

Customization of Reports Available – https://www.marknteladvisors.com/query/request-customization/apac-two-wheeler-tire-market.html

Asia-Pacific Two-Wheeler Tire Industry Recent Development:

2022: Bridgestone Tyres approved plans to strengthen investments in its natural rubber plantations in Southeast Asia. The company plans to invest around USD 26.7 million by 2030 to ensure a sustainable supply of natural rubber for tire production.
2022: Maxxis International, received an increased funding by around USD 30 million from Cheng Shin Rubber to meet the operation’s needs across the region.

Asia-Pacific Two-Wheeler Tire Market Future Prospects

The outlook for Asia-Pacific Two-Wheeler Tire appears favourable in terms of both revenue share and sales, as evidenced by the market trends observed in the historical period. Anticipating continued robust growth over the next five years, market participants are expected to further bolster their portfolios by harnessing technological advancements within the industry. Adding to the market’s attractiveness is the widespread application of the product/service across various end-users, allowing market players to establish a solid presence across continents.

Frequently Asked Questions

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