Motorcycle Tires Market Size, Share, Growth, and Industry Analysis, By Type (Tubed Tire, Tubeless Tire, Solid Tire), By Application (Scooters, Mopeds, Others), Regional Insights and Forecast From 2025 To 2033

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MOTORCYCLE TIRES MARKET REPORT OVERVIEW

global motorcycle tires market size was valued at approximately USD 3.5 billion in 2023 and is expected to reach USD 5.5 billion by 2032, growing at CAGR of about 6.20% during the forecast period.

In the market study, our analysts have considered Motorcycle Tires players such as Metro Tyres limited, Continental Corporation, Bridgestone Corporation, Kenda Tires, Michelin, LEVORIN, Pirelli & C. S.p.A, Dunlop, MRF and CEAT Ltd.

The global motorcycle tires market has been experiencing steady growth in recent years, driven by several key factors. An increasing number of motorcycle enthusiasts and riders, both for leisure and transportation, has spurred the demand for high-quality and durable tires. Additionally, the expansion of the motorcycle manufacturing industry and the growing popularity of motorcycling in emerging markets have contributed to the market's growth. With advancements in tire technology, manufacturers are continually innovating to produce tires that offer superior grip, handling, and longevity, catering to the diverse needs of riders worldwide. As a result, the global motorcycle tires market remains dynamic and competitive, with opportunities for further expansion and innovation in the coming years.

Nonetheless, the global motorcycle tires market is not without its challenges. Fluctuating raw material prices, particularly rubber, can impact manufacturing costs and, subsequently, tire prices for consumers. Stringent regulations related to tire safety and emissions standards also pose compliance challenges for manufacturers. Economic uncertainties can affect consumer spending and, in turn, demand for premium or specialized motorcycle tires. To succeed in this dynamic landscape, tire manufacturers must prioritize sustainability, invest in research and development to create innovative, high-performance tires, and consider the development of eco-friendly options to align with the growing global emphasis on greener transportation solutions. As the motorcycle industry continues to evolve, the motorcycle tires market is likely to adapt and expand in response to shifting consumer preferences and evolving market dynamics.

COVID-19 IMPACT

"Market Growth Restrained by Pandemic due to Supply Chain Disruptions"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic initially had a disruptive impact on the motorcycle tires market, causing production slowdowns and supply chain disruptions due to factory closures and reduced consumer spending on non-essential items. However, as restrictions eased, there was a resurgence in interest in personal mobility, which led to increased motorcycle usage for commuting and recreation. This, in turn, boosted the demand for motorcycle tires, especially in regions where motorcycles are a primary mode of transportation, highlighting the market's resilience and adaptability during challenging times.

LATEST TRENDS

"Adoption of Smart and Connected Tire Technology to Drive Market Growth"

One of the latest trends in the motorcycle tires market is the increasing adoption of smart and connected tire technology. Motorcycle tire manufacturers are incorporating sensors and digital connectivity into their products to provide real-time data on tire pressure, temperature, and wear, enhancing safety and performance. These smart tire systems allow riders to monitor their tires through smartphone apps and receive alerts or recommendations for maintenance and safety, reflecting the broader trend of digitization and IoT integration in the automotive industry.

MOTORCYCLE TIRES MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Tubed Tire, Tubeless Tire, Solid Tire.

• Tubed Tire: Tubed tires, commonly used in older motorcycles and some off-road applications, feature an inner tube that holds the air pressure, making them more repairable in case of punctures but slightly more prone to flats.

• Tubeless Tire: Tubeless tires have become the standard for most modern motorcycles, offering improved safety and reduced maintenance by eliminating the inner tube, which reduces the risk of sudden blowouts and provides better puncture resistance.

• Solid Tire: Solid tires, often found in industrial and electric scooters, do not require inflation and are puncture-proof. They are valued for their durability and low maintenance but offer a less comfortable ride compared to air-filled tires.

By Application

Based on application the global market can be categorized into Scooters, Mopeds, Others.

• Scooters: Scooters are popular for urban commuting due to their compact size, ease of use, and fuel efficiency. They serve as a convenient mode of transportation for short to medium distances in crowded city environments.

• Mopeds: Mopeds are a hybrid between bicycles and motorcycles, offering pedal-assist and a small engine. They are often used for local commuting and are particularly attractive for riders seeking a cost-effective and eco-friendly transportation option.

• Others: The "others" category in the market may encompass a variety of specialty or niche segments, such as electric bikes, trikes, and unconventional personal mobility devices. These segments cater to specific user needs and preferences, ranging from electric mountain bikes to futuristic electric mobility solutions.

DRIVING FACTORS

"Rising Demand for Fuel-Efficient Transportation to Boost the Market"

As environmental concerns and fuel costs continue to rise, there is a growing demand for fuel-efficient transportation options. Motorcycles, particularly scooters and smaller engine models, offer a more economical and environmentally friendly alternative to traditional automobiles. This increased emphasis on fuel efficiency, coupled with the desire for reduced carbon emissions, is driving the adoption of motorcycles in many regions. Additionally, in congested urban areas, motorcycles are often more maneuverable and quicker to navigate through traffic, making them a practical choice for daily commuting.

"Expanding Middle-Class and Urbanization in Emerging Markets to Expand the Market"

Emerging markets, particularly in Asia and Latin America, are experiencing a surge in middle-class populations and urbanization. This demographic shift is driving increased motorcycle sales, as they offer an affordable and convenient mode of transportation for urban dwellers. In many densely populated cities, motorcycles are a practical means of commuting through traffic, and their affordability makes them accessible to a broader range of consumers. This demographic trend, along with the need for cost-effective and agile transportation solutions, is propelling the motorcycle market's growth in these regions.

RESTRAINING FACTORS

"Safety Concerns and Regulatory Challenges to Potentially Impede Market Growth"

Motorcycle accidents and safety concerns continue to be one of the significant restraining factor in the motorcycle tires market growth. Motorcycles are inherently riskier than other modes of transportation, leading to higher rates of accidents and fatalities. These safety issues can deter potential riders, particularly in regions with less stringent safety regulations and infrastructure. As a result, regulatory authorities and safety organizations are putting more pressure on manufacturers to enhance safety features, and these requirements can lead to increased production costs. Additionally, the perception of motorcycles as less safe can affect consumer preferences and influence their choice of alternative modes of transportation. Overall, addressing safety concerns and navigating the complex web of safety regulations are important challenges for the motorcycle industry.

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MOTORCYCLE TIRES MARKET REGIONAL INSIGHTS

"Asia Pacific Dominating the Market due to Presence of a Large Consumer Base"

Asia Pacific stands as the region with the largest motorcycle tires market share, driven by its sheer size, with India, China, Indonesia, Vietnam, and Thailand being key contributors. However, the region faces slower growth due to economic slowdown, higher fuel costs, and the emergence of electric motorcycles, which affect the demand for traditional motorcycle tires. The growing middle class and urbanization offer potential growth opportunities, along with the increasing popularity of adventure motorcycles. Despite challenges, Asia Pacific retains its potential, boasting the largest number of motorcyclists worldwide and the possibility of technological innovations like tire-in-tire sensors.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Key players in the motorcycle tires market are actively seeking a competitive edge through several strategies. They are focusing on tire innovation, developing high-performance, longer-lasting, and eco-friendly products to cater to evolving customer preferences. Additionally, many are expanding their global presence through strategic partnerships and acquisitions, allowing them to tap into new markets and strengthen their distribution networks. Marketing efforts also play a crucial role, with branding, advertising, and digital presence being leveraged to enhance brand recognition and customer trust. Moreover, manufacturers are continually investing in research and development to stay ahead in the race for better tread patterns, compounds, and smart tire technology. These strategies collectively enable key players to maintain a competitive edge in this dynamic and evolving market.

List of Top Motorcycle Tires Companies

• Metro Tyres Limited (India)
• Continental Corporation (Germany)
• Bridgestone Corporation (Japan)
• Kenda Tires (Taiwan)
• Michelin (France)
• LEVORIN (Brazil)
• Pirelli & C. S.p.A (Italy)
• Dunlop (U.K.)
• MRF (India)
• CEAT Ltd. (India)

INDUSTRIAL DEVELOPMENT

September 2023: Continental introduced its latest sport touring tire, the ContiRoadAttack 4. The tire is designed to provide optimal grip and handling in both dry and wet conditions, as well as improved mileage. It also features a new tread pattern that is said to improve stability at high speeds.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.