China Two-Wheeler Tire market is predicted to grow at a Considerable CAGR during 2021-2026

The China Two-Wheeler tire market is growing at an exponential rate owing to the factors such as robust urbanization, significant consumer inclination toward electric 2-wheeler, and increasing demand for share mobility due to surging metropolitan pollution. Besides this, burgeoning replacement tire demand, escalating government inclination toward sustainable urban transport and strong foothold of giant two-wheeler OEMs with large production capacities are the factors strongly contributing to the growth of the market in the forecast period.

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Key questions answered in the study
1. What are the current and future trends of the Two-Wheeler Tire industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Two-Wheeler Tire industry?
5. What is the customer orientation, purchase behavior, and expectations from the Two-Wheeler Tire firms across various regions?

According to MarkNtel Advisors’ research report “China Two-Wheeler Tire Market Analysis, 2021”, the China Two-Wheeler Tire market is anticipated to grow at a considerable CAGR during 2021-26. The China Two-wheeler tire market witnessed adverse impact due to the outbreak of COVID-19 in the country which has collapsed the demand for 2-wheeler. This is due to lockdown imposition by the government which affected the production and sales of vehicles and tires due to the temporary closure of the manufacturing unit. Moreover, the disruption in the supply chain has also impacted the export of 2-wheeler in the country. However, the resumption in the operation in Q3 has a positive impact on the tire market growth and is predicted to surge at a robust rate in the forecast period.

For detailed analysis visit: https://www.marknteladvisors.com/research-library/china-2-wheeler-tire-market.html

“China Two-Wheeler Tire Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Two-Wheeler Tire providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Online segment is growing at Rapid Rate
Based on Sales Channel, Multi-brand store acquired a considerable market share in the China Two-wheeler tire market in 2019 on account of the strong presence of giant market player and growing market share of the local producers in the country. Besides this, the Multi brand store offers a wide range to the customer thus allowing to choose as the budget and preference. However, the online segment is growing at a rapid rate as it provides various discount. However, the outbreak of COVID-19 has inclined the customer toward online purchasing. Thus, this is anticipated to promulgate the growth of the Two-Wheeler tire market in the forthcoming years as revealed by the MarkNtel Advisors’ research report “China Two-Wheeler Tire Market Analysis, 2021”.

According to MarkNtel Advisors’, the key players with a considerable market share in the China Two-Wheeler Tire market are Hangzhou Zhongce Rubber, Michelin, Kumho, Bridgestone, Continental, Pireli, Yokohama, Cheng Shin Rubber, Wuxi Weida Rubber Co. Ltd. etc.

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals. MarkNtel Advisors helps the global exporters & importers in finding the genuine, trusted & reliable custom import & export data worldwide.

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Market Segmentation:
1. By Vehicle Type (Scooter & Mopeds, Motorbike)
2. By Installation (OEMs, Replacement)
3. By Rim Size (10” to 16”, Above 16”)
4. By Tire Type (Radial, Bias)
5. By Price Category (Budget, Economy, Premium)
6. By Sales Channel (Online, Multibrand Store, Exclusive Store)
7. By Company (Hangzhou Zhongce Rubber, Michelin, Kumho, Bridgestone, Continental, Pireli, Yokohama, Cheng Shin Rubber, Wuxi Weida Rubber Co. Ltd. etc.)

MarkNtel Advisors
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.