Global Two Wheeler Tire Market Overview, 2029

The global two-wheeler tire market has experienced significant growth in recent years, driven by a combination of factors that have shaped the dynamics of the industry. Two-wheelers, including motorcycles and scooters, have gained popularity as cost-effective and convenient modes of transportation, especially in densely populated urban areas. The market has witnessed a rise in demand for fuel-efficient personal mobility solutions, fueled by increasing purchasing power and a growing trend among younger consumers to opt for premium two-wheelers. The two-wheeler tire market is subject to various regulations and safety standards that vary across different regions. In Europe, for instance, stringent safety norms and environmental regulations have created a demand for superior quality tires that offer better grip and durability. Additionally, the increasing popularity of electric two-wheelers has led to a focus on tires that are compatible with these vehicles and offer benefits in terms of fuel economy and carbon emissions. The two-wheeler tire market has witnessed several recent developments, including the launch of new products and technologies by leading manufacturers. For example, in December 2023, The Michelin Group announced the launch of a new range of motorcycle tires designed to cater to a wide spectrum of sports motorcycles and offer durability for daily riders. The market has seen a rise in strategic partnerships and collaborations between key players as they aim to expand their footprint and address the growing demand for two-wheeler tires. To meet the evolving preferences of EV owners in Saudi Arabia, tire makers are actively partnering with local vehicle assemblers. This allows them to understand upcoming models and designs well in advance and develop compatible tires tailored to the Saudi market.

According to the research report, "Global Two Wheeler Market Overview, 2029" published by Bonafide Research, the Global Two Wheeler market is anticipated to cross USD 17.99 Billion market size by 2029, increasing from USD 11.19 Billion in 2023. The market is projected to grow with 8.21% CAGR by 2024-29. The global two-wheeler tire market is poised for significant growth in the coming years, driven by evolving consumer preferences, technological advancements, and increasing environmental awareness. As urbanization accelerates and populations concentrate in cities, the demand for efficient and affordable transportation solutions continues to rise. This trend is particularly evident in emerging markets where two-wheelers are often preferred due to their maneuverability and lower operating costs compared to cars. The growing popularity of electric two-wheelers is also reshaping the market landscape, as consumers seek sustainable alternatives to traditional fuel-powered vehicles. Innovation plays a crucial role in the future of the two-wheeler tire market. Manufacturers are increasingly investing in research and development to create tires that not only enhance performance but also improve safety and sustainability. Innovations such as airless tires, which eliminate the risk of punctures, and tires made from sustainable materials are gaining traction. Additionally, advancements in tire technology, including smart tires equipped with sensors that monitor tire pressure and temperature, are expected to enhance user experience by providing real-time feedback on tire performance. The rising trend of leisure motorcycling and off-road biking is driving demand for specialized tires that cater to these segments. Furthermore, as disposable incomes increase in developing countries, consumers are more inclined to invest in high-quality tires that offer better durability and performance. The aftermarket segment also presents significant growth potential, as regular tire replacements become essential for maintaining vehicle safety and efficiency. The rise of e-bikes is significantly impacting the global two-wheeler tire market, primarily driven by increased demand for electric mobility solutions and evolving consumer preferences. As environmental concerns gain prominence, more consumers are turning to electric bicycles and scooters as sustainable alternatives to traditional gas-powered vehicles.

Market Dynamics

Market Drivers

• Urbanization and Changing Transportation Landscape: The ongoing process of urbanization is a primary driver behind the growth of the global two-wheeler tire market. As cities expand and populations concentrate in urban areas, the need for efficient, cost-effective, and agile transportation solutions increases. Two-wheelers, including motorcycles and scooters, have gained popularity as practical modes of transportation, especially in densely populated cities. This trend is particularly evident in developing regions like Asia-Pacific, where rapid urbanization, rising disposable incomes, and a growing middle class have fueled the demand for two-wheelers and their associated tires.
• Environmental Consciousness and Sustainability: There is a growing focus on environmental sustainability within the two-wheeler tire market. Consumers are becoming increasingly conscious of their carbon footprint and are seeking eco-friendly transportation options. This has led to a surge in the adoption of electric two-wheelers, particularly in regions with stringent emission regulations and government incentives. Tire manufacturers are responding to this trend by developing tires specifically designed for electric vehicles, focusing on low rolling resistance and improved efficiency. The rise of electric two-wheelers is expected to continue driving the demand for specialized tires that cater to the unique requirements of these vehicles.



Market Challenges

• Harsh Environmental Conditions:One of the significant challenges faced by the two-wheeler tire market is the harsh environmental conditions prevalent in many regions. Extreme heat, humidity, and exposure to sand and dust can accelerate the wear and tear of tires, leading to more frequent replacements. This is particularly evident in regions like the Middle East and parts of Asia, where the climate can be harsh and demanding on tire performance. Tire manufacturers must develop products that can withstand these conditions while maintaining safety, durability, and performance.
• Price-Sensitive Markets: Another challenge for the two-wheeler tire market is the presence of price-sensitive markets, especially in developing regions. In these markets, consumers are often more concerned with affordability than premium features or performance. This has led to the dominance of competitively priced domestic brands in the small-capacity two-wheeler segment. Tire manufacturers must strike a balance between offering affordable options and maintaining quality and safety standards to remain competitive in these markets.

Market Trends

• Demand for Premium Tires: There is a growing trend towards premium two-wheeler tires, particularly in the 250cc and above segment. As the sales of high-end two-wheelers increase across all regions, the demand for premium tires that offer better grip, handling, and safety is on the rise. Motorcycle riders are increasingly willing to pay more for high-quality tires that enhance their riding experience. This trend is driving tire manufacturers to invest in research and development to create innovative products that cater to the needs of premium two-wheeler owners.
• Adoption of Sustainable Technologies:Tire manufacturers are increasingly focusing on developing sustainable technologies to reduce the environmental impact of their products. This includes the use of sustainable raw materials, green recycling processes, and the exploration of airless and connected tire technologies. By investing in these innovations, manufacturers are not only addressing environmental concerns but also positioning themselves for long-term growth in a market that is becoming more conscious of its ecological footprint.

Segmentation Analysis

Based on the report, the vehicle type is segmented into plastic material, silicon material, others.

Scooters are increasingly popular due to their ease of use, fuel efficiency, and suitability for urban commuting. They appeal particularly to younger riders and women, contributing to their growing market share. The lightweight design and automatic transmission of scooters make them an attractive option for those navigating congested city streets. This segment is expected to continue expanding as urbanization increases and more people seek affordable transportation solutions. Motorcycles, on the other hand, dominate the two-wheeler tire market due to their versatility and performance capabilities. They are favored for both daily commuting and recreational activities, including off-road biking. The rising trend among young adults towards motorcycle ownership, driven by a combination of affordability and lifestyle preferences, supports the growth of this segment. Innovations in motorcycle design and technology further enhance their appeal, leading to a consistent demand for high-performance tires that can handle diverse terrains. The others category encompasses various two-wheeled vehicles like mopeds and electric scooters. This segment is gaining traction as electric mobility becomes more mainstream, driven by environmental concerns and advancements in battery technology. The increasing availability of electric models aligns with global trends towards sustainability, thereby expanding the market for tires designed specifically for these vehicles.

Based on the report, the technology is segmented into internal combustion engines (ICE), electric.

Internal Combustion Engines (ICE) dominates the market, primarily through motorcycles and scooters that rely on traditional fuel sources. These vehicles are favored for their performance, range, and established infrastructure. The ICE segment benefits from a long-standing consumer base that values the power and speed associated with gasoline engines. As urbanization accelerates, the demand for efficient and reliable transportation solutions drives the growth of ICE-powered two-wheelers. Manufacturers are focusing on improving tire technology to enhance performance, safety, and durability, catering to a diverse range of riding styles and conditions. The Electric segment is rapidly gaining traction due to increasing environmental awareness and government incentives aimed at reducing carbon emissions. Electric two-wheelers, including scooters and motorcycles, are becoming more popular as they offer significant advantages in terms of fuel economy and lower operational costs. The rise in electric vehicle adoption is prompting tire manufacturers to innovate by developing specialized tires that cater to the unique requirements of electric models, such as lower rolling resistance and improved grip. As battery technology advances and charging infrastructure expands, the electric two-wheeler market is expected to flourish, creating new opportunities for tire manufacturers to meet the evolving needs of eco-conscious consumers.

Based on the report, the end user is segmented into personal, commercial.

The personal segment primarily includes individual consumers who utilize two-wheelers for daily commuting, leisure activities, and personal transportation. This category has seen significant growth due to the increasing preference for scooters and motorcycles as cost-effective and convenient alternatives to cars, particularly in urban areas. The rise in disposable incomes, coupled with a growing middle class, has led to higher ownership rates of two-wheelers. Consumers in this segment typically seek tires that offer durability, performance, and safety features, as they navigate varying road conditions and climates. Additionally, the trend towards eco-friendly transportation options has spurred interest in electric scooters, further diversifying tire requirements within the personal use market. The commercial segment encompasses businesses that rely on two-wheelers for logistics, delivery services, and transportation of goods. This segment is driven by the booming e-commerce industry and the need for efficient last-mile delivery solutions. Companies prefer two-wheelers for their maneuverability in congested urban environments and lower operational costs compared to larger vehicles. Tires designed for commercial use often prioritize longevity and load-bearing capacity to withstand the demands of frequent use. As businesses increasingly adopt two-wheelers to enhance their operational efficiency, the demand for specialized tires that can support heavier loads and provide better traction continues to grow.

Regional Analysis

Asia Pacific is leading the global two-wheeler tire market primarily due to its rapid urbanization and the increasing demand for affordable transportation solutions among its large population. This region experiences significant urban growth, with cities expanding and populations concentrating in urban areas, creating a pressing need for efficient and cost-effective mobility options.

Two-wheelers, including scooters and motorcycles, are particularly appealing as they provide a practical solution to navigating congested streets while offering lower operational costs compared to cars. The burgeoning middle class in countries like India and China has also contributed to rising disposable incomes, enabling more consumers to purchase two-wheelers as their primary mode of transportation. Furthermore, the region boasts a robust manufacturing infrastructure, with numerous production facilities dedicated to meeting both domestic and international demand for two-wheeler tires. This manufacturing capacity is complemented by a focus on technological advancements in tire design, enhancing performance and safety features that attract consumers. Government initiatives promoting electric vehicles further stimulate market growth by encouraging eco-friendly transportation alternatives. The combination of high sales volume, significant production capabilities, and favorable economic conditions positions Asia Pacific as the dominant force in the global two-wheeler tire market, outpacing other regions in terms of growth potential and market influence.

Key Developments

• In 2024, Ola unveiled its e-bike service in Delhi and Hyderabad and planned to deploy 10,000 e-vehicles across these cities over the coming months.
• In 2022, Keeway introduced the K300 N and K300 R bikes, and through the launch of these models, the company aims to attract customers seeking premium and performance-oriented motorcycles.

Considered in this report
• Geography: Global
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Global Two Wheeler Tire Market with its value and forecast along with its segments
• Application wise tire industry distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Vehicle Type:
• Scooter
• Motorcycle
• Others

By Technology:
• Internal Combustion Engines (ICE)
• Electric

By End-User:
• Personal
• Commercial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to tire industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.