Global Two-wheeler Tires Growth Opportunities

Global Two-wheeler Tires Growth Opportunities

Future Growth Potential of Tire Sales Revenue due to Two-wheeler Parc, New Digital Business Opportunities, and Leisure Motorcycling

RELEASE DATE
18-May-2022
REGION
North America
Deliverable Type
Market Research
Research Code: PD11-01-00-00-00
SKU: AU02336-GL-MT_26546
AvailableYesPDF Download

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
AU02336-GL-MT_26546

$4,950.00

$3,712.50save 25 %

ENQUIRE NOW

Description

The growing working group population in emerging economies in Asia is expected to drive vehicle adoption, fulfilling annual miles and eventually tire consumption. The demand for premium two-wheeler tires (250cc and above) is increasing due to the rise in premium two-wheeler sales across all regions. Growing popularity in leisure motorcycling is driving the YoY demand for off-road, dual-purpose, and track tires. Tires with high mileage thread wear and durability against potential punctures will gain sales traction in developing economies with challenging road environments. The need for higher fuel efficiency and lower tailpipe emission in small-capacity two wheelers is driving tire makers to manufacture tires with lower rolling resistance. Growth trends toward ride-sharing, ride-hailing, vehicle leasing, and subscription services will shift the fleet operator’s focus toward adopting high mileage tires. Leading global participants, such as Michelin, Bridgestone, and Pirelli, are exploring breakthrough tire technologies of airless tires, connected tires, sustainable raw materials, and green recycling to reduce the environmental impact. Price-sensitive commuter two-wheeler markets, such as Asia and South America, have competitively priced domestic brands dominating the small-capacity two-wheeler segments. Leading domestic vendors, such as MRF and Ceat in mass-market two-wheeler markets, are exploring technologies to match consumer demands in high mileage tire technology and puncture-proof tire technologies. The impact of COVID-19 in 2020 forced tire makers and retailers to step into the eRetail platforms, which have opened new revenue opportunities as consumer interest in online shopping has skyrocketed since 2020. India’s tire import restrictions imposed in 2020 created a massive revenue stream for domestic vendors catering to the demands for the premium two-wheeler segment tires. The rising energy costs, strong demand for goods, and supply chain disruptions translated to soaring inflation levels across the globe. While US inflation topped 6% in October 2021, the highest in 30 years, prices in the Eurozone surged by 5% in November 2021. As many Latin American economies battled double-digit inflation in 2021, price increases in India and Russia overshot central bank targets of 4%. China, East Asia, and ASEAN economies were an exception to the trend, with weaker domestic demand and currency stability feeding into an approximate 2% price hike in 2021. Global supply chain disruptions were augmented by acute shortages of key inputs due to climate disruptions and local virus outbreaks in critical supply chain links, such as Vietnam, China, Indonesia, and Malaysia, in H2 2021. In addition, a paucity of semiconductor chips held up production in several industries, including electronics and automotive.

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Two-wheeler Tires Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Regional Segmentation

Key Competitors

Key Growth Metrics

Growth Drivers

Growth Restraints

Revenue Forecast Analysis

Forecast Assumptions

Revenue and Unit Shipment Forecast

Revenue Forecast by Product Type

Revenue Forecast by Region

Unit Shipment Forecast by Product Type

Unit Shipment Forecast by Region

Revenue Forecast Analysis

Revenue Forecast Analysis by Region

Revenue Forecast Analysis by Industry Vertical

Pricing Trends and Forecast Analysis

Competitive Environment

Revenue Share

Revenue Share Analysis

Top 5 Global Economic Highlights of 2021

Top 5 Global Economic Predictions for 2022

Global GDP Growth

2022 Scenario Analysis—Quarterly Global Growth

2022 Scenario Analysis—Assumptions

2022 Global GDP Growth Snapshot

Advanced Economies—Predictions for 2022

Emerging Market Economies—Predictions for 2022

Top 5 Global Predictions For 2022—Macroeconomic Policies and Developments

2022 Growth Opportunities—Top 3 Opportunities by Region

2022 Regional Trends—Risks and Policy Direction

Protracted War Leads to Further Global Growth Downgrade; GCC Sees a Strong Growth Uptick

Recent Upward and Downward Oil Price Pressures from Demand-side Weakness and Proposed EU Ban on Russian Oil

Dollar Surge Driven by Expectation of Aggressive Fed Hikes and Safe Haven Currency Status

What to Expect Ahead?

Sustainable Material Technology

Tire Recycling

Tire Construction Technology

Tire as a Service (TaaS) Business Model

Connected Tire Technology

EV Tires

Major 2W Tire Manufacturers, Market Share

North American Two-wheeler Tire Market

Market Analysis

Market Analysis (continued)

Distribution Channels

Key Growth Metrics

Revenue and Unit Shipment Forecast

Forecast Analysis

Revenue Forecast by Product Type

Unit Shipment Forecast by Product Type

Forecast Analysis by Product Type

Competitive Environment

Revenue Share

South American Two-wheeler Tire Market

Market Analysis

Market Analysis (continued)

Distribution Channels

Key Growth Metrics

Revenue and Unit Shipment Forecast

Forecast Analysis

Revenue Forecast by Product Type

Unit Shipment Forecast by Product Type

Forecast Analysis by Product Type

Competitive Environment

Revenue Share

European Two-wheeler Tire Market

Market Analysis

Market Analysis (continued)

Distribution Channels

Key Growth Metrics

Revenue and Unit Shipment Forecast

Forecast Analysis

Revenue Forecast by Product Type

Unit Shipment Forecast by Product Type

Forecast Analysis by Product Type

Two wheeler Tire Import & Export Trend

Competitive Environment

Revenue Share

Asian Two-wheeler Tire Market

Market Analysis

Market Analysis (continued)

Distribution Channels

Key Growth Metrics

Revenue and Unit Shipment Forecast

Forecast Analysis

Revenue Forecast by Product Type

Unit Shipment Forecast by Product Type

Forecast Analysis by Product Type

Competitive Environment

Revenue Share

Growth Opportunity 1—Vendors Manufacturing Large Displacement Motorcycle Tires will Address the Rising Demand in Asia

Growth Opportunity 1—Vendors Manufacturing Large Displacement Motorcycle Tires will Address the Rising Demand in Asia(Continued)

Growth Opportunity 2—Online and eCommerce Platforms will Become Major Sales Channels for Two-wheeler Tires Globally

Growth Opportunity 2—Online and eCommerce Platforms will Become Major Sales Channels for Two-wheeler Tires Globally (continued)

Growth Opportunity 3—Manufacturers Will Explore New Tire Compositions to Cater to the Growing Electric Two-wheeler Demand

Growth Opportunity 3—Manufacturers Will Explore New Tire Compositions to Cater to the Growing Electric Two-wheeler Demand (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The growing working group population in emerging economies in Asia is expected to drive vehicle adoption, fulfilling annual miles and eventually tire consumption. The demand for premium two-wheeler tires (250cc and above) is increasing due to the rise in premium two-wheeler sales across all regions. Growing popularity in leisure motorcycling is driving the YoY demand for off-road, dual-purpose, and track tires. Tires with high mileage thread wear and durability against potential punctures will gain sales traction in developing economies with challenging road environments. The need for higher fuel efficiency and lower tailpipe emission in small-capacity two wheelers is driving tire makers to manufacture tires with lower rolling resistance. Growth trends toward ride-sharing, ride-hailing, vehicle leasing, and subscription services will shift the fleet operator’s focus toward adopting high mileage tires. Leading global participants, such as Michelin, Bridgestone, and Pirelli, are exploring breakthrough tire technologies of airless tires, connected tires, sustainable raw materials, and green recycling to reduce the environmental impact. Price-sensitive commuter two-wheeler markets, such as Asia and South America, have competitively priced domestic brands dominating the small-capacity two-wheeler segments. Leading domestic vendors, such as MRF and Ceat in mass-market two-wheeler markets, are exploring technologies to match consumer demands in high mileage tire technology and puncture-proof tire technologies. The impact of COVID-19 in 2020 forced tire makers and retailers to step into the eRetail platforms, which have opened new revenue opportunities as consumer interest in online shopping has skyrocketed since 2020. India’s tire import restrictions imposed in 2020 created a massive revenue stream for domestic vendors catering to the demands for the premium two-wheeler segment tires. The rising energy costs, strong demand for goods, and supply chain disruptions translated to soaring inflation levels across the globe. While US inflation topped 6% in October 2021, the highest in 30 years, prices in the Eurozone surged by 5% in November 2021. As many Latin American economies battled double-digit inflation in 2021, price increases in India and Russia overshot central bank targets of 4%. China, East Asia, and ASEAN economies were an exception to the trend, with weaker domestic demand and currency stability feeding into an approximate 2% price hike in 2021. Global supply chain disruptions were augmented by acute shortages of key inputs due to climate disruptions and local virus outbreaks in critical supply chain links, such as Vietnam, China, Indonesia, and Malaysia, in H2 2021. In addition, a paucity of semiconductor chips held up production in several industries, including electronics and automotive.
More Information
Deliverable Type Market Research
Author Deepan .Chinnaswamy
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PD11-01-00-00-00