Two-wheeler Tires Market Size & Share, By Tire, Vehicle, Tire Size, Sales Channel, Location, Share - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Two-wheeler Tires Market size is projected to grow from USD 9.85 Billion in 2024 to USD 3.39 Billion by 2034, with a CAGR surpassing 8.1% throughout the forecast period (2025-2034). The industry revenue for 2025 is anticipated to be USD 10.55 billion.

• Base Year Value (2024): USD 9.85 Billion
• CAGR (2025-2034): 8.1%
• Forecast Year Value (2034): USD 3.39 Billion
• Historical Data Period: 2021-2024
• Largest Region: Asia Pacific
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities

The two-wheeler tires market is experiencing significant growth due to a combination of factors. One of the primary growth drivers is the rising demand for two-wheelers as a convenient and cost-effective mode of urban transportation. With increasing traffic congestion in metropolitan areas, more individuals are opting for motorcycles and scooters, which naturally boosts the need for reliable tire products. Furthermore, the shift towards eco-friendly practices is leading to a growing interest in electric two-wheelers. This transition not only opens up opportunities for specialized tires designed for electric models but also aligns with the global push for sustainability, attracting environmentally conscious consumers.

Another important driver is advancements in tire technology, which have led to the development of high-performance and durable products. Innovations such as improved tread designs, enhanced grip, and longer-lasting materials make two-wheeler tires more appealing to consumers. This technological evolution not only enhances safety and performance but also diminishes the overall cost of ownership, further motivating consumers to invest in better tires. Additionally, the growing popularity of recreational biking and adventure tourism is driving demand for specific tire types designed for off-road capabilities, thereby broadening the market landscape.

The expansion of e-commerce platforms plays a vital role in providing consumers easier access to a variety of tire brands and types, which encourages purchases. Online retailers are emerging as a popular channel for tire sales, giving consumers the convenience of comparing products and prices from the comfort of their homes. Furthermore, aftermarket sales of tires are increasing as riders routinely seek replacements and upgrades, creating a steady stream of revenue for manufacturers.

Report Scope

Report Coverage	Details
Segments Covered	Tire, Vehicle, Tire Size, Sales Channel, Location
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Apollo Tyres, Avon Tyres, Balkrishna Industries, Bridgestone, CEAT, Cheng Shin Rubber Industry, Continental, Dunlop Tires, Hankook Tire & Technology, Heidenau Tires, JK Tyre, Kenda Rubber Industrial, Maxxis International, Metzeler, Michelin, MRF, Pirelli, Shinko Tire, Timsun Rubber Tire (Weihai), TVS

Industry Restraints:

Despite these opportunities, the two-wheeler tires market faces several challenges that could impede growth. One major restraint is the fluctuation in raw material prices, particularly natural rubber and synthetic alternatives, which profoundly impacts production costs. Manufacturers often struggle to maintain profit margins when raw material costs surge, leading to higher prices for end consumers. This can result in reduced demand, particularly in price-sensitive markets.

Another significant constraint comes from increasing competition within the market. While competition often fosters innovation and better quality, it can also lead to price wars, shrinking profit margins, and increased pressure on smaller manufacturers who may not have the resources to compete effectively. The presence of numerous local and international brands complicates consumer decisions, and brand loyalty can be weak in an environment where price is often the primary consideration.

Regulatory challenges also pose a hurdle for manufacturers. Stricter environmental regulations related to tire production and disposal can increase compliance costs, impacting overall market dynamics. Additionally, the emergence of counterfeit and substandard tires remains a persistent problem, risking consumer safety and tarnishing brand reputations. These quality concerns may ultimately deter consumers from purchasing tires, especially in regions where regulatory enforcement is lax.

In summary, while the two-wheeler tires market is driven by emerging trends and consumer demands, it must navigate various economic and competitive challenges that could affect its long-term growth trajectory.

Regional Forecast:

North America

The North American two-wheeler tires market is primarily driven by the United States and Canada, with a strong emphasis on motorcycle and electric bike segments. The U.S. continues to be a dominant player, benefiting from a robust motorcycle culture and increasing interest in recreational biking. Additionally, growing environmental concerns have led to an uptick in electric two-wheelers, further boosting tire demand. Canada, while smaller, shows potential for growth driven by urbanization and an increase in eco-friendly transportation options. As urban centers expand, the necessity for efficient commuting solutions is propelling the importance of two-wheeler vehicles and their tires.

Asia Pacific

The Asia Pacific region represents a significant portion of the two-wheeler tires market, with countries like China, Japan, and South Korea leading the charge. China stands out as the largest market due to its vast population and high demand for affordable personal transportation options, including scooters and motorcycles. Government initiatives promoting green vehicles are also contributing to market growth. In Japan and South Korea, the focus is shifting towards high-performance tires as the motorcycle industry embraces technological advancements. Southeast Asian countries are emerging markets as well, as rising middle classes invest in personal mobility, creating new demand dynamics for two-wheeler tires.

Europe

In Europe, the two-wheeler tires market is characterized by strong performance in countries such as the UK, Germany, and France. The UK shows a notable trend towards motorcycling for commuting due to traffic congestion and environmental policies aimed at reducing carbon emissions. Germany, known for its engineering prowess, sees a growing market for high-performance motorcycle tires, catering to enthusiasts and professional riders alike. France also plays a pivotal role, with an increasing adoption of electric scooters and bikes, reflecting a shift in consumer preferences towards sustainable urban transport. This region's commitment to eco-friendly solutions is expected to enhance the expansion of two-wheeler tire markets in the coming years.

Segmentation Analysis:

In terms of segmentation, the global Two-wheeler Tires market is analyzed on the basis of Tire, Vehicle, Tire Size, Sales Channel, Location.

Tire Segment

The tire segment of the two-wheeler tires market is primarily divided into bias and radial tires. Radial tires are increasingly gaining popularity due to their superior performance characteristics, including better grip, fuel efficiency, and durability. As consumers become more performance-conscious, the shift toward radial tires is anticipated to drive significant growth. Within this segment, specialty tires designed for off-road and sports bikes are also expected to expand substantially, catering to niche markets where performance and safety are paramount.

Vehicle Segment

In terms of vehicle types, the two-wheeler tires market is segmented into motorcycles, scooters, and electric two-wheelers. Motorcycles currently dominate the market, driven by the rising popularity of biking culture and an increase in road trips. However, the scooter segment is predicted to witness the fastest growth, particularly in urban areas where their compactness and fuel efficiency make them a preferred choice for commuters. Electric two-wheelers are also emerging rapidly, with consumers shifting towards environmentally friendly options, thus creating a new avenue for growth in the tire market.

Tire Size Segment

The tire size segment is categorized into small, medium, and large tires. Medium tires, typically used in scooters and standard motorcycles, are expected to account for the largest market share due to their versatile application and consumer preference for balance between performance and comfort. The small tire segment is also projected to grow quickly, fueled by the increasing sales of compact scooters in densely populated cities. Large tires, often utilized in high-performance motorcycles, will see steady growth as well, particularly among enthusiasts seeking enhanced performance.

Sales Channel Segment

Sales channels for two-wheeler tires are primarily divided into offline and online channels. The offline sales channel, comprising dealerships and automotive service centers, dominates the market, offering consumers the opportunity to physically inspect tires before purchase. However, the online sales channel is gaining momentum, particularly among tech-savvy consumers who prioritize convenience and variety. The rapid growth of e-commerce platforms specializing in automotive products is likely to contribute to significant market expansion in this segment.

Location Segment

The two-wheeler tires market is segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to witness the largest market size due to the high population density, resulting in increased demand for two-wheelers as an affordable transportation solution. The region is also witnessing rapid urbanization and a growing middle class, further propelling tire demand. Meanwhile, Europe and North America, while smaller in overall size, are projected to experience healthy growth driven by the rising trend of premium two-wheelers and an emphasis on sustainable transportation options.

Competitive Landscape:

The two-wheeler tires market is characterized by intense competition among various established global and regional manufacturers. Key factors driving this competitive landscape include technological advancements, product innovation, and the increasing demand for high-performance and durable tires. Major players are focusing on expanding their product portfolios and enhancing their distribution networks to gain a competitive edge. Additionally, the rising popularity of electric scooters and motorcycles is influencing market dynamics as companies adapt to evolving consumer preferences. The presence of multiple brands and varying price points also intensifies competition, prompting firms to engage in marketing strategies that highlight the performance, safety, and eco-friendliness of their products.

Top Market Players

1. Michelin

2. Bridgestone

3. Pirelli

4. Continental AG

5. Dunlop

6. Metzeler

7. MRF Tyres

8. Ceat Ltd.

9. TVS Srichakra

10. Apollo Tyres