Global Two-wheeler Tires Growth Opportunities

Global Two-wheeler Tires Growth Opportunities

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.


  • Strategic Imperatives
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8™
    • The Impact of the Top Three Strategic Imperatives on the Twowheeler Tires Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine™
  • Growth Opportunity Analysis
    • 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
      • Table Two-wheeler Tires: Revenue and Unit Shipment Forecast, Global, 2016–2026
    • Revenue Forecast by Product Type
      • Table Two-wheeler Tires: Revenue Forecast by Product Type, Global, 2016–2026
    • Revenue Forecast by Region
      • Table Two-wheeler Tires: Revenue Forecast by Region, Global, 2016–2026
    • Unit Shipment Forecast by Product Type
      • Table Two-wheeler Tires: Unit Shipment Forecast by Product Type, Global, 2016–2026
    • Unit Shipment Forecast by Region
      • Table Two-wheeler Tires: Unit Shipment Forecast by Region, Global, 2016–2026
    • 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
  • 2022 Global Economic Outlook
    • Top 5 Global Economic Highlights of 2021
    • Top 5 Global Economic Predictions for 2022
    • Global GDP Growth
      • Table Two-wheeler Tires: GDP Growth, Advanced, and Emerging and Developing Economies, Global, 2017–2022
    • 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?
  • Innovations in the Global Two-wheeler Tire Industry
    • 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
  • Growth Opportunity Analysis, North America
    • North American Two-wheeler Tire Market
    • Market Analysis
    • Distribution Channels
    • Key Growth Metrics
    • Revenue and Unit Shipment Forecast
      • Table Two-wheeler Tires: Revenue and Unit Shipment Forecast, North America, 2016–2026
    • Forecast Analysis
    • Revenue Forecast by Product Type
      • Table Two-wheeler Tires: Revenue Forecast by Product Type, North America, 2016–2026
    • Unit Shipment Forecast by Product Type
      • Table Two-wheeler Tires: Unit Shipment Forecast by Product Type, North America, 2016–2026
    • Forecast Analysis by Product Type
    • Competitive Environment
    • Revenue Share
  • Growth Opportunity Analysis, South America
    • South American Two-wheeler Tire Market
    • Market Analysis
    • Distribution Channels
    • Key Growth Metrics
    • Revenue and Unit Shipment Forecast
      • Table Two-wheeler Tires: Revenue and Unit Shipment Forecast, South America, 2021–2026
    • Forecast Analysis
    • Revenue Forecast by Product Type
      • Table Two-wheeler Tires: Revenue Forecast by Product Type, South America, 2021–2026
    • Unit Shipment Forecast by Product Type
      • Table Two-wheeler Tires: Unit Shipment Forecast by Product Type, South America, 2021–2026
    • Forecast Analysis by Product Type
    • Competitive Environment
    • Revenue Share
  • Growth Opportunity Analysis, Europe
    • European Two-wheeler Tire Market
    • Market Analysis
    • Distribution Channels
    • Key Growth Metrics
    • Revenue and Unit Shipment Forecast
      • Table Two-wheeler Tires: Revenue and Unit Shipment Forecast, Europe, 2021–2026
    • Forecast Analysis
    • Revenue Forecast by Product Type
      • Table Two-wheeler Tires: Revenue Forecast by Product Type, Europe, 2021–2026
    • Unit Shipment Forecast by Product Type
      • Table Two-wheeler Tires: Unit Shipment Forecast by Product Type, Europe, 2021–2026
    • Forecast Analysis by Product Type
    • Two wheeler Tire Import & Export Trend
    • Competitive Environment
    • Revenue Share
  • Growth Opportunity Analysis, Asia
    • Asian Two-wheeler Tire Market
    • Market Analysis
    • Distribution Channels
    • Key Growth Metrics
    • Revenue and Unit Shipment Forecast
      • Table Two-wheeler Tires: Revenue and Unit Shipment Forecast, Asia, 2021–2026
    • Forecast Analysis
    • Revenue Forecast by Product Type
      • Table Two-wheeler Tires: Revenue Forecast by Product Type, Asia, 2021–2026
    • Unit Shipment Forecast by Product Type
      • Table Two-wheeler Tires: Unit Shipment Forecast by Product Type, Asia, 2016–2026
    • Forecast Analysis by Product Type
    • Competitive Environment
    • Revenue Share
  • Growth Opportunity Universe
    • Growth Opportunity 1—Vendors Manufacturing Large Displacement Motorcycle Tires will Address the Rising Demand in Asia
    • Growth Opportunity 2—Online and eCommerce Platforms will Become Major Sales Channels for Two-wheeler Tires Globally
    • Growth Opportunity 3—Manufacturers Will Explore New Tire Compositions to Cater to the Growing Electric Two-wheeler Demand
  • Next Steps
    • Your Next Steps
    • Why Frost, Why Now?

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