Two-Wheeler Tires Market to Reach US$ 26.4 Bn by 2032 as Key Players Michelin, Bridgestone, Continental, Apollo Tyres, and Pirelli Expand Global Product Portfolio

The global two-wheeler tires market is experiencing significant momentum, driven by rising demand for motorcycles, scooters, and electric two-wheelers across emerging and developed economies. Increasing urbanization, rapid adoption of electric vehicles, and the growing popularity of recreational motorcycling are fueling the need for advanced tire solutions. Consumers are prioritizing safety, durability, and performance, prompting manufacturers to innovate in radial tires, tubeless tires, and high-performance tires for two-wheelers. Additionally, governments' focus on road safety regulations and stringent emission norms are indirectly boosting the demand for high-quality tires with longer life cycles and better fuel efficiency. The market is witnessing increased attention toward premium and performance-oriented two-wheeler tires, especially in regions with high traffic density and challenging road conditions.

In terms of market value, the global two-wheeler tires market is estimated to reach US$ 14.9 Bn in 2025. Analysts at Persistence Market Research predict that the market will grow at a CAGR of 8.3% from 2025 to 2032, reaching a valuation of US$ 26.4 Bn by 2032. The growth is being driven primarily by rising disposable income in developing countries and the increasing penetration of two-wheelers as a primary mode of transport. The leading segment in the market is radial tires, owing to their superior durability and performance under diverse road conditions. Geographically, the Asia-Pacific region dominates the two-wheeler tires market, attributed to high two-wheeler ownership, rising urban traffic, and significant manufacturing hubs in countries such as India and China. Manufacturers are strategically focusing on this region to capitalize on the growing urban mobility trend and the increasing popularity of premium motorcycles and scooters.

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The key players studied in the report include:

• Bridgestone Corporation
• Michelin
• Continental Reifen Deutschland GmbH
• Pirelli & C. S.p.A.
• Sumitomo Rubber Industries, Ltd.
• ZC Rubber
• MAXXIS UK
• APOLLO TYRES LTD
• MRF Tyres
• JK Tyre
• CEAT
• TVS SRICHAKRA LIMITED
• Others

Key Highlights from the Report

➤ The two-wheeler tires market is projected to grow from US$ 14.9 Bn in 2025 to US$ 26.4 Bn by 2032 at a CAGR of 8.3%.
➤ Radial tires emerge as the leading product segment due to enhanced safety and performance features.
➤ Asia-Pacific dominates the market due to high two-wheeler adoption in India, China, and Southeast Asia.
➤ Increasing preference for tubeless tires is boosting the demand for lightweight and durable products.
➤ Growing electric two-wheeler adoption is creating new opportunities for high-performance tire solutions.
➤ OEM partnerships and regional manufacturing expansions are shaping competitive strategies for leading players.

Two-wheeler Tires Market Segmentation

By Tire Type

• Tubed Tire
• Tubeless Tire

By Vehicle Type

• Motorcycles
• Scooters & Mopeds
• Bicycles & E-bikes
• Others

By Tire Structure

• Radial
• Bias

By Application

• Street
• ADV Tires
• Off-road
• Cruiser/Touring
• Others

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• East Asia
• South Asia and Oceania
• Latin America
• Middle East and Africa

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Regional Insights

Asia-Pacific is the largest market for two-wheeler tires, driven by massive motorcycle ownership, infrastructure development, and increasing urban mobility demands. India and China are the key contributors, where motorcycles and scooters remain the preferred mode of transportation. Local manufacturing capabilities, cost-effective labor, and government incentives for vehicle production also contribute to regional dominance. North America and Europe show steady growth primarily due to the rising popularity of premium motorcycles and increasing awareness of tire safety standards.

In Latin America, growth is moderate, with Brazil and Mexico showing the highest adoption rates of motorcycles for daily commuting. The Middle East and Africa region presents potential opportunities due to rising demand for two-wheelers in urban areas, although growth is constrained by economic volatility. Manufacturers are tailoring product designs and pricing strategies to regional road conditions and consumer preferences, ensuring relevance across diverse markets.

Market Drivers

The two-wheeler tires market is primarily driven by rising two-wheeler adoption and increasing safety awareness. In emerging economies, motorcycles and scooters are the preferred mode of personal transport due to affordability and convenience. This trend is further bolstered by urban congestion, leading consumers to opt for smaller, more maneuverable vehicles. Additionally, the growing demand for electric two-wheelers is generating the need for specialized tires designed to handle higher torque and battery weight without compromising performance. Manufacturers are responding with advanced radial and tubeless tire options that offer improved traction, reduced rolling resistance, and enhanced durability.

Another critical driver is technological innovation in tire manufacturing. Advancements in materials, tread design, and construction techniques are enabling better grip, longer life, and improved fuel efficiency. Consumers are increasingly inclined toward premium tires that enhance the overall riding experience. The influence of stringent government regulations on road safety and emissions is also encouraging the use of high-quality tires that comply with safety standards, further stimulating market growth.

Market Restraints

Despite promising growth, the market faces challenges related to raw material volatility and high replacement costs. Fluctuating prices of rubber and synthetic materials can affect tire manufacturing costs, ultimately impacting retail pricing and profit margins. High-performance or premium tires are often costlier, potentially limiting adoption among price-sensitive consumers in developing regions.

Another restraint is the relatively short lifecycle of two-wheeler tires under harsh operating conditions. Frequent replacements, especially in regions with poor road infrastructure, increase maintenance costs for consumers, which may hinder market growth. Additionally, counterfeit and low-quality tires in certain markets pose safety risks and undermine consumer confidence in branded products, necessitating stricter enforcement of quality standards.

Market Opportunities

The market offers significant opportunities driven by the rise of electric two-wheelers and sustainable tire solutions. Manufacturers can capitalize on the growing segment of electric motorcycles and scooters by introducing lightweight, puncture-resistant, and high-performance tires tailored to the unique requirements of these vehicles. The eco-friendly tire segment, featuring low rolling resistance and sustainable materials, is also poised for expansion.

Additionally, expanding urbanization and infrastructure improvements in emerging regions present opportunities for aftermarket sales. Partnerships with OEMs and strategic regional manufacturing expansions allow companies to strengthen their market presence. Increasing consumer preference for premium, durable, and high-performance tires opens avenues for innovation, brand differentiation, and long-term revenue growth.

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Recent developments:

✦ January 2025: Michelin launched a new radial tire range for electric scooters, enhancing grip and durability.
✦ September 2024: Bridgestone announced the expansion of its manufacturing facility in India to cater to increasing two-wheeler tire demand.

Frequently Asked Questions

➤ What are the main factors influencing the Two-Wheeler Tires Market 2025-2032?
➤ Which companies are the major sources in this industry?
➤ What are the market's opportunities, risks, and general structure?
➤ Which of the top Two-Wheeler Tires Market 2025-2032 companies compare in terms of sales, revenue, and prices?
➤ How are market types and applications and deals, revenue, and value explored?

Future Opportunities and Growth Prospects

The two-wheeler tires market is expected to witness sustained growth, driven by urban mobility trends, electric vehicle adoption, and technological innovation in tire design. Manufacturers focusing on sustainable materials and high-performance solutions are likely to gain a competitive edge. Expanding into emerging markets and strengthening OEM partnerships will remain key strategies for companies seeking long-term success. With a projected market value of US$ 26.4 Bn by 2032, the two-wheeler tires sector offers promising opportunities for innovation, investment, and strategic growth, positioning it as a crucial segment in the global automotive industry.

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