Global Two Wheeler Tires Market 2023-2030

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    GLOBAL TWO WHEELER TIRES MARKET

     

    INTRODUCTION

     

    Tires are robust and flexible rubber casings that are available and employed in a variety of industrial segments where a firm support for vehicular motions is necessary.

     

    Most car tyres are pneumatic, which means that air is retained under pressure inside the tyre. Pneumatic tyres used to have an inner tube to keep the air pressure, but today they are engineered to establish a pressure seal with the wheel rim.

     

    Natural rubber is the primary ingredient used in tyre production, while synthetic rubber is sometimes used.

     

    However, in order to produce the necessary properties of strength, resilience, and wear resistance, the rubber must be treated with a number of chemicals and afterwards heated.

     

    Large, efficient facilities staffed with competent personnel now generate over 250 million new tyres every year. Despite the fact that automation leads several steps in the production process, competent personnel are still necessary to assemble tyre components.

     

     

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    Tire pressure has a significant impact on the mainstay and is linked to a lower risk of tow truck tires. Tire pressures are established by the tire and vehicle manufacturers for each vehicle model.

     

    Tread Wear Indicators (TWIs) are useful instruments for determining residual tread depth.

     

    These are elevated bars placed equally around the perimeter of the tire in the major longitudinal tread grooves that become level with the body of the tread pattern once the mandatory minimum tread depth of 1.6 mm is attained.

     

    To know more about Global Motorcycle Tires Market, read our report

     

    GLOBAL TWO WHEELER TIRES MARKET LATEST TRENDS

     

    The rising need for two-wheelers for personal mobility has boosted two-wheeler manufacturing in Asia-emerging Pacific’s nations, which has boosted OEM two-wheeler tyre demand.

     

    South East Asian countries such as Indonesia, Vietnam, and others are another rising market for two-wheeler tyres.

     

    Major two-wheeler OEMs with considerable production capacity are present in these nations. In 2019, the worldwide two-wheeler tyre market is dominated by scooter/moped tyres.

     

    The global demand for scooter/moped tyres is supported by a strong preference for scooters/mopeds in Asian nations such as India, China, Indonesia, and others, and this trend is expected to continue over the projection period.

     

    South America, North America, and Africa, on the other hand, are dominated by demand for motorcycle tyres due to a stronger preference for motorcycles over scooters/mopeds in these regions.

     

    With rising disposable wealth in emerging economies, demand for heavyweight motorcycles is expanding. This is encouraging the use of high-performance tyres, which offer excellent grip and performance at high speeds.

     

    Furthermore, rising concerns about rising emission levels are driving a preference for high-performance electric motorcycles with racetrack-like performance on the road.

     

    GLOBAL TWO WHEELER TIRES MARKET DYNAMICS

     

    Tires are a car’s single point of contact with the road surface, hence they are crucial for safety, rolling resistance, rolling loudness, and other performance of the vehicle.

     

    Better tires save lives by lowering gas mileage, exhaust gas emissions (CO2 and air pollution), and noise pollution.

     

    This is legal under EU legislation since the present tire limitations are much lower than the state of the art. The major role of two-wheeler tires is to serve as the vehicle’s interaction with the highway.

     

    The Tire and Rim Association, Inc. (TRA) is an association in which tire manufacturers in the United States voluntarily engage. It develops and publishes design specifications for tires, rims, and related components (tubes, valves, etc.)

     

    Participation in and adherence to these standards ensures that component components from various tire manufacturers may be interchanged. As radial tyre usage increased in America During the early 1970s, “P-metric” size was adopted.

     

    The Two-Wheeler tyre recycling has recently been included into the Global Industry as perhaps the most significant key fundamental in the market.

     

    Every factory processes 19,000 metric tonnes of tyres per year and has six modules that operate 24 hours a day, seven days a week.

     

     

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    The Contact Area Information Sensing system, which has been under development in Japan, Europe, and the United States since 2011, features a sensor here on the tire’s interior wall that measures its interface with the road surface.

     

    It improves motorist safety by warning them of changing road surface conditions. The National Highway Traffic Safety Administration in the United States already mandates tyre pressure monitoring devices that alert drivers when a tyre loses pressure.

     

    All modern automobiles feature a Tire Pressure Monitoring System, which means that when the air pressure in your tyres deviates from the standard range, the car’s computer system automatically turns on a light.

     

    NEW PRODUCT LAUNCH

     

    In India, TVS Eurogrip Introduced New Premium Motorcycle Tyres. Three new tyres were unveiled by TVS Eurogrip in total, with two of them being designed with adventure-touring vehicles in mind.

     

    The Duratrail EB+ is the first in the group. The company claims that it has a balanced block design with good grip that is appropriate for both on- and off-road use.

     

    The grooves on the tyre are intended to improve stability and mileage, while the centre region of the tyre widens to quickly disperse water.

     

    The tire’s rounded shoulder design additionally offers the best cornering stability. The Terrabite DB+, the tyre after that, ups the ante with its tough and aggressive tread design.

     

    A superb option for conquering difficult courses with steep ascents and descents, the tire’s bigger blocks provide exceptional traction on slick surfaces.

     

    The tyre has a robust design and a deeper tread pattern that not only guarantees lasting endurance but also provides the most traction.

     

    With its noteworthy characteristics, the Terrabite DB+ aspires to establish itself as a trustworthy choice for off-road fans. 

     

    With the Roadhound tyre, TVS Eurogrip has also taken into account the demands of road riders. This tyre is referred to as a “superbike tyre” and features a zero-degree steel-belt radial construction.

     

    High-speed riding is made possible by its excellent grip, handling, and mileage. The high silica component of this tyre also increases traction on slippery surfaces, increasing safety.

     

    The Mitas ENDURO TRAIL-ADV tyre was launched. The new ENDURO TRAIL-ADV, which closes the 70/30 gap in our already wide line of adventure tyres, is specifically made for contemporary adventure bikes.

     

    The ENDURO TRAIL-ADV is equipped with our most recent technological advancements and is tailored to the specific needs of today’s adventure riders.

     

    The ENDURO TRAIL-ADV, which is categorised as a 70% on-road and 30% off-road tyre, offers all-around performance and confidence on and off the road.

     

    It is made for riders who won’t settle for anything less than class-leading high-speed road performance or respectable off-road performance in any weather.

     

    The Multi-Compound Tread Technology (MCTT) of the ENDURO TRAIL-ADV provides good mileage and cornering grip even in cold weather, and the high silica content assures outstanding wet traction.

     

    All-road and gravel bike tyres were quietly launched by Pirelli.  The low-profile Cinturato All Road is ideal for drier situations, while the Cinturato Adventure is a more aggressive, all-purpose gravel tyre.

     

    There are two sidewall colour options for each tyres: black and tan. Only 700c wheels are offered, and they come in width variants of 40, 45, and 50 mm.

     

    Despite the fact that these tyres may also be used for all-road riding, both make use of Pirelli’s Pro Compound Gravel compound, which was created exclusively for riding on gravel, according to the firm.

     

    The TechWall Gravel casing from Pirelli, which has a bead-to-bead puncture-protection layer specifically engineered to stop sidewall cuts, serves as the foundation for the tyres.

     

    GLOBAL TWO WHEELER TIRES MARKET SEGMENTATION

     

    The Global Two Wheeler Tires Market can be segmented into following categories for further analysis.

     

    By Vehicle Infrastructure Type

    • Motorcycle
    • Scooters
    • Mopeds
    • Two Stroke Motorcycles
    • Electric Two Wheelers

    By Product Sales Conveyance

    • Online Sale
    • TV Marketing
    • Direct Purchase

     

    By Class of Propulsion

    • Electric Vehicle
    • Hybrid Vehicle
    • Fossil Fuel Vehicle
    • Specialized Fuel Vehicle
    • Gas Based Vehicle

     

    By Tyre Construction

    • Radial Tyres
    • Bias Tyres
    • Composite Tyres

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL TWO WHEELER TIRES MARKET

     

    Vehicle tyres have become increasingly important in recent years, as they propel the capabilities and requirements to operate on a variety of terrains and surfaces.

     

    Tyres are an important component in the development of the automotive system. Motorcycle tyre technology is continuously evolving, which is why we see new tyre designs emerge from prominent tyre manufacturers.

     

    These cutting-edge tread designs are the product of extensive study and testing by skilled tyre engineers.

     

     

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    The Puncture-Proof Tire System is an airless wheel framework that has been built. It has been reengineered for highway handling and manoeuvrability, whereas conventional Tweel implementations can carry a car’s weight but only manage at considerably slower speeds.

     

    Approximately 90% of the energy lost from tyre rolling resistance is due to frequent changes in the form of the tyres as they roll. Bridgestone was able to reduce energy loss in their airless concept tyres by reducing the tyre construction.

     

    New tyre technology has been developed for the integration of the Oxygen concept, in which the intelligent tyre prototype enables continuous communication and real-time data sharing.

     

    This would allow for optimal tyre usage for safer and more cost-effective transportation, as well as increased uptime.

     

    The tyre’s sensors and algorithms allow the tyre’s state – including wear, temperature, and pressure – to be continuously updated and communicated with operators.

     

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    RECENT ACQUSITIONS IN GLOBAL TWO WHEELER TIRES MARKET

     

    India’s biggest off-highway tyre manufacturer, Balkrishna Industries Limited (BKT), has announced its entry into the two-wheeler tyre market. Apollo Tyres and JK Tyres, two more tyre behemoths, have recently entered this market.

     

    BKT will be up against major two-wheeler tyre manufacturers like MRF and CEAT, as well as newcomers like Apollo Tyres and JK Tyres.

     

    BKT Tires is ready to tap the burgeoning market for two-wheeler tyres in India after establishing its leadership position in tyre manufacturing for agriculture, construction, industrial vehicles, earthmoving, port and mine, ATV, and gardening applications.

     

    BK Pilot and BK Raftar were the two pattern types released by the business. Through the quick dissemination of the highest quality two-wheeler tyres across India’s most distant villages and districts, the company hopes to achieve considerable progress in rural transportation.

     

    BKT’s introduction into this area was also intended to provide ongoing business prospects to established BKT dealers throughout the year.

     

    Balkrishna Industries Limited (BKT), based in Mumbai, has been a leader in the off-highway tyre industry for the past 29 years.

     

    BKT has endeared itself to clients by its expertise, product quality, and exceptional services, and its introduction into the two-wheeler tyre market segment gives users even more reasons to celebrate.

     

    Trelleborg Wheel Systems Holding AB, a firm that manufactures and sells off-highway tyres (OHT) for agricultural and industrial machines, has entered into a share purchase agreement with Yokohama Rubber Co. Ltd. to buy all outstanding shares of Trelleborg Wheel Systems Holding AB.

     

    The transaction is valued at more than $2 billion and is expected to be completed after the completion of regulatory procedures mandated by European Union and other nations’ competition laws.

     

    Yokohama claims that its acquisition of Trelleborg Wheel Systems (TWS) will provide it a more comprehensive product brand structure, develop its service network, expand its regional sales network, and increase OE tyre sales.

     

    With the addition of Trelleborg, Mitas, Maximo, Cultor, and Interfit brands to its portfolio, the firm will be able to meet a variety of market needs in the agricultural, construction, material handling, mining, and two-wheeled industry segments. Yokohama intends to extend this service to agricultural tyres in the future.

     

    TWS is also working on a remote tyre air pressure and temperature monitoring system, which the two businesses will be able to collaborate on.

     

    TWS has more than doubled in size and profitability under Trelleborg’s management, increasing its business through significant acquisitions and strategic investments over the last few years.

     

    RECENT LAUNCH IN TWO WHEELER TIRES MARKET

     

    CEAT launches the new bike tires named Gripp XL tires. It ensures to make a grip on both wet and dry surfaces on the terrains.

     

    These tires ensure a safe and convenient driving experience for people. These tires come in sizes both in tubeless and tube-type patterns. 

     

    TVS Eurogrip Introduces New Tyres. The Sportorq line of performance tyres from TVS Eurogrip is designed to give superior grip in both wet and dry situations, as well as longer tread life.

     

    The grooves and sipes on these tyres, which are made of a reinforced tri-polymer composite, have been specifically developed for even water dispersion, and they have expanded and rounder shoulder profiles for enhanced stability at lean.

     

    Rugged tyres in the Durapro and Jumbo GT product lines are designed to withstand a variety of circumstances. Aligned treads and an optimised footprint, according to TVS Eurogrip, provide improved mileage and stability.

     

    Both are available in 17- and 19-inch motorcycle diameters, with the Durapro also coming in 10-inch scooter and three-wheeler variants. 

     

    TWO WHEELER TIRES MARKET COMPETITIVE LANDSCAPE

     

    Manufacturers in the Global Two Wheeler Tyre Market confront intense rivalry, but they also have significant benefits in terms of internal rules and the presence of strong alignment toward research and development of new technological prospects inside European Union states.

     

    Pirelli tyres has lately been interested in the improvement and patenting of numerous technologies as part of its operating competence for two-wheeler tyres.

     

    The proprietary radial cross construction method allows for the architecture of both the front and rear tyres to be produced utilising a radial carcass and a single layer steel belt.

     

    The belt is looped circumferentially around the carcass at an angle close to 0°, depending on the rolling direction of the tyre.

     

    The benefits of using steel include its exceptionally high rigidity and the ability to alter the winding spacing, allowing for a variable stiffness concentration from shoulder to crown.

     

    TVS Tyres has been a key provider of innovation and development in the Asia Pacific Region of the Global Two-Wheeler Tire Market, with the goal of giving the rider confidence while they are in a corner or travelling at speeds in excess of 70 km/h.

     

    infographic: Two Wheeler Tires Market, Two Wheeler Tires Market Size, Two Wheeler Tires Market Trends, Two Wheeler Tires Market Forecast, Two Wheeler Tires Market Risks, Two Wheeler Tires Market Report, Two Wheeler Tires Market Share

     

    The compound mix provides the tyre with decreased rolling resistance, higher grip, and ensures that the tyres do not fracture in the long term, even after 40,000-50,000 km.

     

    The same tangential delta at 60° C determines the tyre’s rolling resistance quality. It indicates the tyre’s grip qualities at 30° C.

     

    The engineers at TVS Tyres’ R&D wing were able to forecast the tyre’s fuel economy and braking distance based on the compound’s properties.

    COMPANIES PROFILED

     

    THIS TWO WHEELER TIRES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Two Wheeler Tires Market size and Forecast, by region, by application
    2. Average B-2-B price for Two Wheeler Tires Market, by region, per user
    3. Technology trends and related opportunity for new Two Wheeler Tires Market tech suppliers
    4. Two Wheeler Tires Market share of leading vendors, by region,
    5.  Coronavirus impact on Two Wheeler Tires Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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