Global Two Wheeler Tyres Market Size By Type (Motorcycle Type, Bike Type), By Application (Motorcycles, Mopeds), By Region, And Segment Forecasts, 2023 to 2032

The Global Two Wheeler Tyres Market was valued at USD 14.5 billion in 2023 and is projected to surpass USD 22.3 billion by 2031, growing at a CAGR of 5.7% during the forecast period from 2023 to 2031. The market growth is driven by the rising demand for two-wheelers in emerging economies, the increasing adoption of electric scooters and motorcycles, and advancements in tyre manufacturing technologies. The need for fuel efficiency, longer tyre life, and better road safety is pushing manufacturers to innovate, creating a dynamic landscape for two-wheeler tyres.

Drivers:

Growing Two-Wheeler Sales: The increasing number of two-wheelers, especially in densely populated countries like India, China, and Southeast Asia, is a major driver for the market. Economic growth and urbanization are fueling this trend.

Rising Demand for Electric Vehicles: With a shift towards electric scooters and motorcycles, there is a growing demand for specialized tyres that offer enhanced durability and performance, suitable for the unique characteristics of electric vehicles.

Technological Advancements: Innovations such as tubeless tyres, radial tyres, and improved rubber compounds are boosting the adoption of premium tyres that enhance performance and safety.

Restraints:

Fluctuating Raw Material Prices: The cost of rubber and other raw materials essential for tyre production is subject to fluctuations, which can impact profit margins for manufacturers and affect pricing in the market.

Increasing Environmental Regulations: The stringent regulations on carbon emissions and waste management in tyre production processes are posing challenges for tyre manufacturers in maintaining cost-efficiency while meeting compliance standards.

Opportunity:

Expansion in Emerging Markets: Emerging economies in Asia-Pacific and Africa present significant growth opportunities due to their expanding middle-class populations, increasing disposable incomes, and rising demand for personal transportation.

Focus on Sustainability: The growing emphasis on sustainable and eco-friendly tyres presents opportunities for innovation in material science, recycling, and the adoption of green manufacturing practices in the industry.

Market by System Type Insights:

Based on tyre type, the Tubeless Tyres segment dominated the market in 2023. Tubeless tyres are gaining popularity due to their superior durability, puncture resistance, and ability to provide a better riding experience compared to traditional tube-type tyres.

Market by End-Use Insights:

The Motorcycle segment emerged as the largest revenue contributor in 2023, accounting for more than 60% of the market share. Motorcycles, particularly in emerging markets, serve as primary modes of transportation, driving the demand for both premium and budget-friendly tyre options.

Market by Regional Insights:

The Asia-Pacific region held the largest market share in 2023, driven by the high two-wheeler ownership rates in countries such as India, China, and Indonesia. However, the Middle East & Africa is expected to witness the highest growth rate during the forecast period, propelled by rising urbanization and demand for affordable transportation solutions.

Competitive Scenario:

Key players in the Global Two Wheeler Tyres Market include Bridgestone Corporation, Michelin, Pirelli & C. S.p.A, Continental AG, MRF Limited, TVS Srichakra, CEAT Limited, and Apollo Tyres Ltd. These companies are focusing on product innovation, expanding their presence in high-growth markets, and adopting sustainable production techniques to enhance their market position.

Scope of Work – Global Two Wheeler Tyres Market

Key Market Developments:

In 2023, Bridgestone Corporation announced the launch of a new range of eco-friendly two-wheeler tyres, focusing on reduced rolling resistance and improved fuel efficiency.

Michelin introduced its next-gen radial tyre technology for motorcycles in 2024, aiming to offer superior grip and durability for high-performance bikes.

MRF Limited expanded its production capacity in India in 2025 to meet the rising demand for two-wheeler tyres in Southeast Asia.

FAQs:

What is the current market size of the Global Two Wheeler Tyres Market?

The Global Two Wheeler Tyres Market was valued at USD 14.5 billion in 2023.

What is the major growth driver of the Global Two Wheeler Tyres Market?

The market is primarily driven by rising two-wheeler sales, particularly in emerging economies, and the increasing adoption of electric vehicles.

Which is the largest region during the forecast period in the Global Two Wheeler Tyres Market?

Asia-Pacific held the largest market share in 2023, with the Middle East & Africa expected to witness the highest growth rate.

Which segment accounted for the largest market share in the Global Two Wheeler Tyres Market?

The Motorcycle segment accounted for the largest market share, driven by its dominance as a primary mode of transportation in various regions.

Who are the key market players in the Global Two Wheeler Tyres Market?

Key players include Bridgestone Corporation, Michelin, Pirelli & C. S.p.A, Continental AG, MRF Limited, and CEAT Limited.