Strong Sales in Developing Nations to Drive Two-wheeler Tires Market from US$ 9.3 Billion to US$ 21.8 Billion by 2034, says TMR

Two-wheeler Tires Market Outlook 2025-2035

The Two-wheeler Tires Market is on an impressive growth trajectory, with the global industry valued at US$ 9.3 billion in 2023. Rising urbanization, increased two-wheeler ownership, and demand for fuel-efficient and durable tires are key growth drivers. The market is projected to expand at a CAGR of 8.0% from 2024 to 2034, reaching US$ 21.8 billion by the end of 2034. Advancements in tire technology and a growing aftermarket segment are further accelerating market expansion.

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The global two-wheeler tires market is gaining unprecedented traction as urban mobility, personal transportation preferences, and e-mobility adoption redefine road usage patterns. Two-wheelers-motorcycles, scooters, and mopeds-remain a dominant mode of transport across developing nations, while electric bikes and high-performance motorcycles are increasingly popular in developed economies.

Analysis of Key Players in the Two-Wheeler Tires Market

The global two-wheeler tires market is driven by several key players who are leveraging cutting-edge technologies, strategic alliances, and evolving business models to enhance their market presence. These companies are continuously investing in product innovation, focusing on high-performance tire solutions tailored to modern consumer needs, particularly in the growing segments of electric and performance motorcycles.

Prominent manufacturers in the two-wheeler tires market include
• Apollo Tyres Ltd.,
• MRF Limited,
• CEAT Limited,
• Bridgestone Corporation,
• Continental Corporation,
• Deestone,
• Giti Tire Pte. Ltd.,
• Goodyear Tires,
• Hankook Tires,
• JK Tyre & Industries Ltd.,
Kenda Tires, LEVORIN, Metro Tyres Limited, Metzelers, Michelin, Pirelli & C. S.p.A., RALCO Tires, Sailun Tires, Timsun Tires, Vee Rubber, and Yokohama Tires.

Each of these companies is profiled in the comprehensive market research report, covering details such as company overview, financial performance, business strategies, product portfolio, operational segments, and latest innovations.

Key Developments in the Two-Wheeler Tires Market

• January 2024 - CEAT Ltd. commenced the production of steel radial tires specifically designed for high-performance two-wheelers. The newly introduced Sportrad and Crossrad series target the growing demand for premium motorcycle tires, strengthening CEAT's competitive position in the segment.

• July 2023 - MRF Limited, India's largest tire manufacturer, unveiled steel brace radial tires aimed at high-end motorcycles, including models such as KTM Duke/RC, Royal Enfield, Bajaj Dominar, Honda CB300R, and Triumph. These tires offer improved durability and performance for sports and touring applications.

• November 2022 - Apollo Tyres launched the Vredestein Quatrac Pro EV, an all-season tire specially engineered for battery electric two-wheelers and electric cars. This marks a strategic move toward catering to the expanding electric vehicle (EV) segment with sustainable and performance-focused tire solutions.

These advancements reflect the market's shift toward radial and EV-compatible tires, with major manufacturers aiming to enhance performance, safety, and sustainability. Innovation, coupled with a keen understanding of evolving mobility trends, continues to define competition within the two-wheeler tires industry.

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Market Dynamics

1. Growth in Two-wheeler Ownership
Developing countries in Asia, Latin America, and Africa are witnessing a surge in two-wheeler ownership due to their affordability, fuel efficiency, and ease of navigation in congested cityscapes. In India alone, over 18 million two-wheelers are sold annually, contributing significantly to tire replacement cycles and OEM demand.

2. Rising Demand for Electric Two-wheelers
The push for greener mobility has accelerated the adoption of electric two-wheelers (E2Ws)-from e-bikes to high-torque electric scooters. These vehicles demand specially designed tires to handle unique torque delivery and weight distribution patterns. Tire makers are now innovating with low rolling resistance compounds, lightweight construction, and tread patterns optimized for electric drive dynamics.

3. Surge in Aftermarket Replacement Demand
Unlike four-wheelers, two-wheelers are typically more exposed to road wear, temperature variations, and poor maintenance, leading to faster tire wear. This drives robust demand in the replacement segment, particularly in high-density two-wheeler regions like Southeast Asia, Africa, and South America.

4. Expansion of Two-wheeler Sports and Tourism
In developed markets, motorcycles are not just a commuting tool but also a symbol of lifestyle, adventure, and motorsports. This segment includes superbikes, off-road motorcycles, cruisers, and touring bikes that demand premium tires with advanced compounds, heat resistance, and traction control.

Challenges Restraining Market Growth

1. Fluctuating Raw Material Costs
Tire manufacturing is heavily reliant on raw materials such as natural rubber, synthetic rubber, carbon black, and various chemicals. Volatility in rubber prices, often influenced by climate change, geopolitical factors, and supply chain disruptions, impacts profit margins and pricing strategies of tire manufacturers.

2. Intense Price Competition in Developing Markets
In emerging economies, a large portion of the market remains highly price-sensitive. Unorganized players offering low-cost, inferior quality tires can undercut branded manufacturers, especially in rural regions. However, increasing safety regulations and awareness are gradually shifting preferences toward certified, high-quality tires.

Technological and Product Innovations

1. Smart Tires and IoT Integration
The integration of smart sensors in tires-once reserved for high-end vehicles-is now entering the two-wheeler segment. These sensors monitor tire pressure, temperature, and tread wear in real-time, enhancing safety and maintenance. As connected vehicle infrastructure improves, smart tires will become standard in premium motorcycles and electric scooters.

2. Radialization of Motorcycle Tires
Radial tires offer superior performance in terms of speed handling, fuel efficiency, and heat dissipation. Traditionally used in cars and high-end motorcycles, radial tires are now being adopted in commuter and mid-range bikes. OEMs are increasingly switching from bias-ply to radial construction in urban and sport bike segments to boost efficiency and ride quality.

3. Use of Sustainable and Recycled Materials
Tire companies are actively investing in eco-friendly materials like recycled rubber, silica, soybean oil, and dandelion-derived latex. These green materials reduce dependency on petroleum-based rubber and lower the carbon footprint of production. Brands like Michelin, Pirelli, and Bridgestone are at the forefront of sustainable tire development.

4. Custom Tread Designs for Specific Use-Cases
From all-weather tires to urban-specific low-noise designs, manufacturers are offering tailored tread patterns to suit specific terrains and riding styles. Dual-sport and adventure bikes need hybrid treads that balance on-road smoothness and off-road grip. Commuter scooters need quiet, puncture-resistant, long-lasting tread designs.

Regional Analysis
Asia Pacific - The Undisputed Leader
Asia Pacific dominates the global two-wheeler tires market, accounting for more than 65% of global sales. Countries like India, China, Indonesia, and Vietnam lead in two-wheeler production and consumption. Government support for electric mobility, infrastructure expansion, and increasing urbanization are reinforcing this dominance.
India, in particular, is a powerhouse, home to major manufacturers like MRF, CEAT, TVS Eurogrip, and Apollo Tyres, as well as massive replacement demand.

Europe - Strong Demand for Premium and Electric Tires
Europe is a thriving market for high-end motorcycle tires, driven by lifestyle-oriented users and stringent EU safety standards. Germany, Italy, and France are leading consumers, while companies like Pirelli and Michelin innovate with radial, smart, and eco-friendly tire technologies.
The region is also a hub for e-scooters and urban micro-mobility vehicles, creating a new niche for ultra-durable, puncture-resistant tire solutions.

North America - Leisure and Sports Segment Growth
The U.S. and Canada see growing demand in the cruiser, touring, and sports motorcycle segments. Tires catering to Harley-Davidson, Indian Motorcycle, and adventure bikes are popular, with demand surging for premium brands and radial constructions. Snow and wet-weather tires are niche but growing.

Latin America and Middle East & Africa - Gradual Rise
These regions are experiencing a gradual increase in two-wheeler ownership, especially for last-mile delivery and affordable mobility. Brazil, Mexico, South Africa, and Egypt are leading contributors. Improvements in road infrastructure and increasing availability of tubeless and branded tires are supporting aftermarket growth.

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Future Outlook and Opportunities

1. Electrification Will Drive Innovation
The growth of electric scooters and bikes will reshape tire design philosophies. OEMs and aftermarket players must develop lightweight, durable, and low rolling resistance tires that enhance EV range and performance.

2. Demand for Safety and Connectivity
As road safety awareness grows, consumers will demand tires that offer better traction, braking, and performance monitoring. This opens up a niche for smart, sensor-enabled tires, especially in urban settings.

3. Sustainable Tires Will Win Market Share
Eco-conscious consumers and governments will reward manufacturers who integrate sustainable raw materials, ethical labor practices, and circular economy models in tire manufacturing and disposal.

4. Digital Retail and Customization
Online platforms are becoming popular for tire purchases, especially in urban areas. Offering custom tread designs, easy fitment services, and digital tire health tracking will be key differentiators in the future market landscape.

Conclusion

The two-wheeler tires market is set to roll forward with robust momentum, fueled by electrification, urban mobility trends, and performance-driven design. While traditional price-sensitive segments remain important, the market is witnessing a shift toward smarter, safer, and more sustainable tire technologies.

Manufacturers that align with evolving mobility patterns, regional demands, and eco-friendly innovations will steer ahead in this dynamic and competitive market. As two-wheelers evolve from basic transport to smart mobility solutions, their tires-quite literally-will shape the journey ahead.

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