MarkNtel Advisors recently published a detailed industry analysis of the China Two-Wheeler Tire Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
China Two-Wheeler Tire Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The China Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30.
Key Findings in China Two-Wheeler Tire Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players- Zhongce Rubber Group Co., Ltd., Michelin, Bridgestone, Pirelli, Qingdao Oguan Rubber Products Co., Ltd., Richtone Tyres, Tianjin Hengtai Gallop Technology Co., Ltd. (Kingtyre), Cheng Shin Rubber (CST), Good Year Tire & Rubber Company, Mitas Tires and others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the China Two-Wheeler Tire industry?
Two-Wheeler Fleet Expansion Due to Rising Demand for Personal Transportation & Expanding E-commerce Sector to Propel Market Growth – China Two-Wheeled Tire Industry is seeing a tremendous surge due to the increasing fleet of motorcycles and scooters, as more individuals prefer this mode of personal transportation. This trend holds nationwide with heightened demand for tires to support both new and pre-existing two-wheelers. Factors like urbanization, and lifestyle changes amongst consumers, coupled with increased disposable income are major contributors driving the rise in popularity among personal two-wheeler usage throughout China. As the nation grows and becomes more congested, many individuals are turning to motorcycles and scooters as a more efficient means of navigating traffic. Chinese cities such as Beijing are one of the most densely populated capital cities in the world. With over 21 million residents and a rapidly growing economy, China’s capital is facing significant traffic congestion. According to China Urban Transportation, Beijing’s traffic congestion index reached a peak of 2.09 in 2023 depicting an increase of around 5.6% in commuter peak traffic congestion. Due to this, the fleet size of two-wheelers is increasing, and in return, frequent wear and tear of tires is boosting the need for replacement tires.
Furthermore, China is the largest e-commerce country across the globe due to the significant internet penetration, and smartphone users across the country. The country has the presence of significant platforms for online shopping such as Alibaba’s Tmall, JD.com, Pinduoduo, etc. In addition, the country’s government provides considerable support to the e-commerce sector through various initiatives such as the Digital China strategy, cross-border trade policies, etc. Hence, these factors have been positively impacting the growth of the e-commerce sector which is further contributing to the growth of the Two-Wheeler Market in China. As scooters and motorcycles play a key role in product delivery, their demand has been increasing from the e-commerce companies thereby strongly contributing to the growth & expansion of the China Two-Wheeler Tire Market.
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What segments define the China Two-Wheeler Tire Market from 2024 to 20230? How do these segments contribute to market dynamics and growth?
By Vehicle Type
- Scooters & Mopeds– Market Size & Forecast, 2019-2030, Thousand
- Motorcycles- Market Size & Forecast, 2019-2030, Thousand
According to report, The motorcycles segment holds the major market share in the China Two-Wheeler Tire Industry.
By Tire Type
- Radial- Market Size & Forecast, 2019-2030, Thousand
- Bias- Market Size & Forecast, 2019-2030, Thousand
By Demand Type
- OEMs- Market Size & Forecast, 2019-2030, USD Million
- Replacement- Market Size & Forecast, 2019-2030, Thousand
According to report, The Original Equipment Manufacturers (OEMs) segment held a considerable market share in the China Two-Wheeler Tire Market.
By Tire Size
- Tire Size 1- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 2- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 3- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 4- Market Size & Forecast, 2019-2030, Thousand
- Tire Size 5- Market Size & Forecast, 2019-2030, Thousand
By Price Category
- Budget-Market Size & Forecast 2019-2030, Thousand
- Economy-Market Size & Forecast 2019-2030, Thousand
- Premium-Market Size & Forecast 2019-2030, Thousand
By Sales Channel
- Direct Sales-Market Size & Forecast 2019-2030, Thousand
- Exclusive Outlets-Market Size & Forecast 2019-2030, Thousand
- Multi Brand Stores-Market Size & Forecast 2019-2030, Thousand
- Online- Market Size & Forecast 2019-2030, Thousand
Explore the Complete China Two-Wheeler Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/china-two-wheeler-tire-market.html
Geographical Analysis: China Two-Wheeler Tire Market
By Region
- North Central
- North-East
- North-West
- South East
- South-West
- South Central
China Two-Wheeler Tire Market Recent Development:
- 2024: Mitas Tires announced a new addition to its Adventure Tire collection called Enduro Trail-XT.
- 2023: Bridgestone introduced its premium sports motorcycle tires, BATTLAX HYPERSPORT S23 globally, including China.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the China Two-Wheeler Tire Market?
- How is the China Two-Wheeler Tire Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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