Global Motorcycle Tires Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Motorcycle Tires Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A motorcycle tire is the outer part of motorcycle wheel, attached to the rim, providing traction, resisting wear, absorbing surface irregularities, and allowing the motorcycle to turn via countersteering. The two tires’ contact patches are the motorcycle's connection to the ground, and so are fundamental to the motorcycle's suspension behavior, and critically affect safety, braking, fuel economy, noise, and rider comfort.

Market Overview:

The latest research study on the global Motorcycle Tires market finds that the global Motorcycle Tires market reached a value of USD 7826.13 million in 2023. It’s expected that the market will achieve USD 10254.27 million by 2029, exhibiting a CAGR of 4.61% during the forecast period.

Advantages as a means of travel

Motorcycle tires Regarding the main accessories for motorcycles, the growth of motorcycle demand is one of the main drivers for the growth of the market in this industry. Motorcycle is one of the best tools for travel, tourism and leisure. Compared with automobiles, the most advantageous factor of motorcycles as a means of travel is the low cost of economic benefits, low price of motorcycles, low fuel consumption, resulting in low travel costs, and motorcycles can cross many difficult terrains, so It is the best choice for using motorcycles to travel in underdeveloped areas with incomplete road development. For example, in India, due to high population density, convenience and culture, Indians love to use motorcycles to travel and travel. India occupies a larger motorcycle market. According to statistics from Statista, The volume weighted average price of Motorcycles market in 2023 is expected to amount to US$1.95k, and the market size is expected to reach US$36.09 billion in 2027. In rural areas of India, China, Vietnam and other Southeast Asian countries, due to the complex and narrow terrain roads are more inclined to choose motorcycle travel than cars, and the demand for travel promotes the growth of the motorcycle market and drives the development of motorcycle tire sales, which is one of the main factors driving the market growth of this industry.

Road accident risk for motorcyclists

Motorcycles, compared with cars, have no safety measures such as airbags and seat belts, and motorcycle safety measures can only rely on personal safety driving habits. In addition, the driving road of motorcycles is more rugged, less controllable and more unstable than that of cars, and irregular and unexpected objects on the road can cause motorcycle crashes. Motorcyclists are therefore particularly vulnerable in collisions with other vehicles and fixed objects such as trees, guardrails and fences. Unlike drivers and passengers in cars, motorcyclists are not protected by metal boxes or cushioned by airbags. Motorcycles are much smaller and lighter than cars, trucks and vans. According to the National Highway Traffic Safety Administration (NHTSA), 5,932 motorcyclists will be killed in 2021 alone, accounting for 14 percent of all traffic fatalities. An estimated 82,686 motorcyclists were injured in accidents. Motorcycle road accident risk is one of the main factors that limit the development of motorcycle, and also restricts the development of motorcycle tires.

Region Overview:

In 2022, the share of the Motorcycle Tires market in ASEAN stood at 34.34%.

Company Overview:

Michelin is one of the major players operating in the Motorcycle Tires market, holding a share of 13.00% in 2023.

Michelin, the leading mobility company, is dedicated to enhancing its customers’ mobility, and sustainably; designing and distributing the most innovative tires, services and solutions for its customers’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries.

The Bridgestone Group is the world’s largest manufacturer of tire and other rubber products such as industrial materials and sporting goods.

Core Business (Tire Business)

Tires and tubes for passenger cars, trucks/buses, mining/construction vehicles, industrial vehicles, agricultural machinery, aircraft, motorcycles, tire related products, vehicle maintenance/repair, tire raw materials, etc.

Growth Business (Solution Business)

Tire-Centric Solutions: Business that provides high added value by utilizing tires/tire data
Retail/service solutions: Business that provides value at the stage of using tires through a retail/solution network.
Mobility Solutions: Business that provides new value by utilizing tires/tire data/mobility data Diversified business.
Chemical products: Industrial material-related products, building material-related products, etc.
BSAM Diversification: Diversification business managed by Bridgestone Americas, Inc.
Sports goods: golf balls, golf clubs, other sports-related goods, etc.
Bicycles: bicycles and related goods, etc.
Others: Finance, etc.

Segmentation Overview:

Among different product types, Radial Motorcycle Tires segment is anticipated to contribute the largest market share in 2028.

Bias Motorcycle Tires The carcass of a bias tire is made from layers of ply cord running diagonally to the center line of the tread. The layers are placed so that the cords create a criss-cross pattern. The whole structure is uniform throughout; the crown and sidewalls of the tire have similar mechanical properties.

Radial Motorcycle Tires With a radial construction, the ply cords radiate out at 90-degree angles to the center line of the tread. In addition, the crown is made from layers that form a belt. As a result, the crown and sidewalls have their own particular characteristics.

Application Overview:

By application, the Gas Motorcycle segment occupied the biggest share from 2018 to 2022.

Motorcycles are divided into electric motorcycles and gas motorcycles according to power sources, electric motorcycles supplement power through charging; Gas motorcycles supplement their power by refueling.

Key Companies in the global Motorcycle Tires market covered in Chapter 3:

Michelin
CEAT Ltd.
Dunlop
JK Tire & Industries Ltd
Metro Tyres limited
Kenda Tires
PT Gajah Tunggal Tbk
Pirelli & C. S.p.A
Continental Corporation
MRF
Bridgestone Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Motorcycle Tires market from 2019 to 2030 is primarily split into:

Bias Motorcycle Tires
Radial Motorcycle Tires

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Motorcycle Tires market from 2019 to 2030 covers:

Electric Motorcycle
Gas Motorcycle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)