Two-Wheeler Tires Market Projected To Witness Robust Growth by 2032 | Bridgestone, Michelin, Continental, Pirelli

Overview of the Two-Wheeler Tires Market

The global two-wheeler tires market is poised for impressive growth, driven by the increasing demand for motorcycles, scooters, and e-bikes across various regions. The market size is projected to reach US$ 14.9 billion in 2025, with a compound annual growth rate (CAGR) of 8.3% through the forecast period from 2025 to 2032. By 2032, it is expected to achieve a market value of US$ 26.4 billion. This significant growth is primarily driven by the increasing adoption of two-wheelers in emerging economies, rising fuel prices, and the growing demand for eco-friendly transportation alternatives. Moreover, advancements in tire technologies and increased interest in high-performance and specialized tires are also contributing to the expanding market.

The global two-wheeler tire market has witnessed steady growth over the years due to the increasing popularity of two-wheeled vehicles, especially motorcycles, scooters, and e-bikes. In emerging markets, particularly in Asia Pacific, two-wheelers are a common and affordable mode of transportation, which is significantly fueling the demand for tires. Motorcycles are also growing in popularity as a recreational choice in developed markets, contributing to the market's expansion. Additionally, the development of new tire technologies, such as tubeless and radial tires, has further boosted demand by improving performance, safety, and fuel efficiency.

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The rise in disposable income, particularly in developing nations, is another key driver contributing to market growth. With economic growth in regions like South Asia, there is an increasing demand for motorcycles and scooters, which in turn drives the demand for two-wheeler tires. The introduction of electric bikes, along with the growing trend of eco-conscious mobility solutions, has also positively impacted the market. North America and Europe are witnessing higher adoption of e-bikes, further boosting demand for advanced tire solutions. Moreover, innovations in tire structures and enhanced durability and performance of tires are leading consumers to prefer upgraded versions, which is propelling market expansion.

Key Highlights from the Report

➤ The global two-wheeler tires market is expected to grow from US$ 14.9 billion in 2025 to US$ 26.4 billion by 2032.
➤ The market is projected to register a CAGR of 8.3% during the forecast period from 2025 to 2032.
➤ The demand for tubeless tires is increasing due to their enhanced performance and safety features.
➤ The motorcycle segment holds the largest share of the global two-wheeler tires market.
➤ Radial tires are gaining traction due to their superior performance, especially in motorcycles.
➤ Asia Pacific, particularly South Asia, is the largest regional market for two-wheeler tires.

Market Segmentation

The two-wheeler tire market is segmented based on tire type, vehicle type, tire structure, application, and sales channel, each contributing to the overall growth of the market.

Tire Type: The market is primarily divided into two types of tires - tubed tires and tubeless tires. Tubeless tires are gaining a greater market share due to their convenience, safety, and higher performance compared to traditional tubed tires. Tubeless tires reduce the risk of punctures and provide better fuel efficiency, which makes them the preferred choice for modern motorcycles and scooters. However, tubed tires still hold a significant share, particularly in certain low-cost models and regions where affordability is a primary consideration.

Vehicle Type: The market is segmented by the type of vehicle using the tires, which includes motorcycles, scooters & mopeds, bicycles & e-bikes, and others. Motorcycles dominate the market due to their high popularity and diverse applications, including commuting, sports, and leisure. Scooters and mopeds are also significant contributors, particularly in regions like Asia Pacific, where they are an essential mode of transportation. The increasing adoption of electric bikes (e-bikes) is another growth driver, as they become more popular in developed markets due to their environmental benefits and ease of use.

Tire Structure: The two primary tire structures are radial and bias tires. Radial tires, known for their higher performance, durability, and improved fuel efficiency, are becoming the preferred choice, especially for motorcycles. Bias tires, on the other hand, are still widely used in certain regions and for specific vehicle types due to their cost-effectiveness and simpler construction.

Application: Two-wheeler tires are used across different applications, including street tires, ADV (Adventure) tires, off-road tires, and cruiser/touring tires. Street tires are the most commonly used, as they are designed for urban commuting and offer a balance between durability and comfort. ADV and off-road tires are gaining traction in regions with a growing interest in recreational and adventure sports, while cruiser tires are in demand for touring motorcycles.

Sales Channel: The two-wheeler tire market is also segmented by sales channel, which includes OEM (Original Equipment Manufacturer) and aftermarket. The OEM segment leads the market, driven by the high demand for tires directly from manufacturers during the production of new two-wheelers. The aftermarket segment is also substantial, with consumers replacing their worn-out tires for better performance or aesthetics.

Regional Insights

The regional distribution of the two-wheeler tires market reflects the differing levels of adoption of two-wheeled vehicles across the world.

Asia Pacific: This region, particularly South Asia, holds the largest share of the market, driven by the high demand for affordable two-wheelers like motorcycles and scooters. Countries like India, China, and Indonesia are the largest markets for two-wheeler tires, with millions of two-wheelers sold each year. The affordability of two-wheelers and their efficiency as a mode of transport in densely populated areas have made them the preferred option for consumers.

North America and Europe: In these regions, the market is characterized by a growing demand for motorcycles, e-bikes, and high-performance tires. The trend toward eco-friendly transportation solutions, coupled with the rising popularity of electric vehicles, is positively impacting the demand for two-wheeler tires. Additionally, recreational motorcycling is a significant market driver in these regions, leading to higher demand for specialized tires such as cruiser and off-road tires.

Market Drivers

One of the key drivers for the two-wheeler tire market is the growing adoption of motorcycles and scooters in emerging economies, particularly in Asia Pacific. Rising disposable income, coupled with the need for affordable transportation in densely populated cities, has led to increased sales of two-wheelers. In India and Southeast Asia, motorcycles and scooters are preferred over cars due to their lower initial cost and fuel efficiency.

The rise of electric bikes (e-bikes) is another major driver of market growth. With increasing environmental awareness and government incentives for electric vehicles, e-bikes have gained significant popularity in North America and Europe. E-bikes require specific tire designs, creating new demand for tire manufacturers to innovate and cater to this growing segment.

Market Restraints

The two-wheeler tire market faces several challenges. One significant restraint is the high cost of raw materials, such as rubber, steel, and other components needed for tire manufacturing. Fluctuations in the prices of these materials can directly impact the production costs of tires, leading to price hikes for consumers.

Another constraint is the increase in competition among tire manufacturers. As more players enter the market, particularly in regions like China and India, it can lead to price wars and reduced profit margins for established companies. The presence of low-cost regional manufacturers also poses a challenge to international tire brands trying to maintain their market share.

Market Opportunities

The growing trend of sustainability presents significant opportunities for innovation in tire technologies. Manufacturers can focus on developing eco-friendly tires made from sustainable materials such as bio-rubber and recycled components. These innovations could cater to the increasing consumer demand for environmentally friendly products, particularly in regions with stringent environmental regulations.

The rising popularity of smart tires, which can monitor tire pressure, temperature, and wear in real-time, presents another opportunity. These tires offer enhanced safety, convenience, and performance, making them an attractive option for high-end motorcycles and e-bikes.

Frequently Asked Questions (FAQs)

➤ How Big is the Two-Wheeler Tires Market?
➤ Who are the Key Players in the Global Two-Wheeler Tires Market?
➤ What is the Projected Growth Rate of the Two-Wheeler Tires Market?
➤ What is the Market Forecast for the Two-Wheeler Tires Market by 2032?
➤ Which Region is Estimated to Dominate the Two-Wheeler Tires Market through the Forecast Period?

Company Insights

✦ Bridgestone Corporation
✦ Michelin
✦ Continental Reifen Deutschland GmbH
✦ Pirelli & C. S.p.A.
✦ Sumitomo Rubber Industries, Ltd.
✦ ZC Rubber

Recent Developments

■ Michelin has unveiled new technologies in tire durability, providing higher resistance to wear and punctures, tailored to the needs of both motorcycles and e-bikes.

■ Bridgestone has expanded its presence in India, launching new tire models that cater to the growing demand for two-wheelers in the region.

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