Press release
North America 2-Wheeler Tire Market Size, Share, Trends and Report 2024-2032
North America 2-Wheeler Tire Market
The North America 2-wheeler tire market is experiencing robust growth, driven by factors such as urbanization, increasing disposable income, and the rising demand for motorcycles and scooters as primary modes of transportation. According to a report by Expert Market Research (EMR), the North America 2-wheeler tire market size was valued at USD 3.12 billion in 2023 and is projected to reach USD 5.04 billion by 2032., registering a steady CAGR of 5.4% between 2024 and 2032
Understanding the 2-Wheeler Tire Market
The 2-wheeler tire market encompasses a diverse range of tires designed specifically for motorcycles, scooters, bicycles, and other two-wheeled vehicles. These tires serve as critical components, providing traction, handling, and safety for riders navigating various road conditions and terrains. Whether commuting in urban environments, touring scenic routes, or exploring off-road trails, riders rely on high-quality tires to deliver superior performance and ensure a smooth and enjoyable riding experience.
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Market Drivers
Several factors contribute to the growth of the North America 2-wheeler tire market. Firstly, the region's growing population, coupled with increasing disposable income and urbanization, has led to a surge in demand for personal mobility solutions, including motorcycles and scooters. As individuals seek efficient and cost-effective modes of transportation, the demand for 2-wheeler tires remains robust.
Moreover, the rise of e-commerce and delivery services has fueled the demand for bicycles and electric bikes (e-bikes) for last-mile connectivity and logistics. These vehicles require specialized tires capable of withstanding heavy loads, frequent use, and varying road conditions, driving further demand in the 2-wheeler tire market.
Furthermore, technological advancements in tire manufacturing, such as the development of innovative tread patterns, rubber compounds, and construction techniques, have led to the production of tires with enhanced performance, durability, and safety features. Consumers are increasingly opting for premium tires that offer superior grip, stability, and puncture resistance, driving growth in the market.
Market Trends
Several trends are shaping the North America 2-wheeler tire market, reflecting changing consumer preferences and emerging technologies. One prominent trend is the increasing adoption of tubeless tires, which offer benefits such as reduced weight, improved fuel efficiency, and enhanced safety. Manufacturers are investing in research and development to produce tubeless tires optimized for various 2-wheeler applications.
Moreover, there is a growing demand for eco-friendly and sustainable tire solutions in response to environmental concerns and regulatory requirements. Tire manufacturers are exploring alternative materials, recycling processes, and eco-conscious manufacturing practices to reduce the environmental impact of tire production and disposal, aligning with consumer preferences for green products.
Additionally, the advent of smart tire technology, which integrates sensors and connectivity features into tires, is revolutionizing the 2-wheeler tire market. Smart tires offer real-time monitoring of tire pressure, temperature, and tread wear, providing valuable data insights for maintenance, safety, and performance optimization. As vehicle connectivity becomes more prevalent, smart tires are expected to gain traction in the market.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/north-america-2-wheeler-tire-market
North America 2-Wheeler Tire Market Segmentation
The market can be divided based on by Tube, by Rim Size, Vehicle Type, Sales Channel and Region.
Breakup by Tube
Tube Tires
Tubeless Tires
Breakup by Rim Size
Less than 10 Inches
10-13 Inches
14-17 Inches
18-21 Inches
More Than 21 Inches
Breakup by Vehicle Type
Motorcycle
Scooter/Mopped
Breakup by Sales Channel
OEMs
Aftermarket
Breakup by Region
United States of America
Canada
Competitive Landscape
Some of the prominent players operating in the market include:
Bridgestone Corporation
Michelin Group
Pirelli & C. S.p.A.
Continental AG
Sumitomo Rubber Industries, Ltd.
Shinko Group
Kenda Rubber Industrial Company, LTD.
Cooper Tire & Rubber Company
Coker Tire
Maxxis International
Others
Challenges and Opportunities
Despite the favorable market conditions, the North America 2-wheeler tire market faces challenges such as intense competition, price volatility in raw materials, and regulatory compliance requirements. Moreover, the COVID-19 pandemic has disrupted supply chains and manufacturing operations, impacting tire production and distribution in the region.
However, amidst these challenges lie significant opportunities for market players to innovate, diversify, and expand their product offerings. Manufacturers can capitalize on the growing popularity of electric motorcycles and scooters by developing specialized tires tailored to the unique requirements of electric vehicles, such as higher torque, lower noise levels, and longer range.
Furthermore, the rise of online retail channels and digital platforms presents opportunities for tire manufacturers to reach a wider audience, engage customers directly, and offer personalized products and services. By leveraging e-commerce, social media, and digital marketing strategies, companies can enhance their brand visibility, customer engagement, and sales growth in the competitive market landscape.
Future Outlook
Looking ahead, the future of the North America 2-wheeler tire market is promising, with continued growth expected driven by factors such as urbanization, technological innovation, and sustainability initiatives. As consumer preferences evolve and regulatory requirements become more stringent, tire manufacturers will need to adapt and innovate to meet the changing demands of the market.
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