[Analyst Rating] Global Two-Wheeler Tire Markets, 2015-2025 – Market Value Stood at ~$13 Billion in 2019; Projected to Surpass $20 Billion by 2025

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Dublin, Feb. 05, 2020 (GLOBE NEWSWIRE) — The “Global Two-Wheeler Tire Market, By Vehicle Type (Motorcycle & Scooter/Moped), By Demand Category, By Region (APAC, Europe & CIS, North America, South America, Middle East & Africa), Competition Forecast & Opportunities, 2015-2025” report has been added to ResearchAndMarkets.com's offering.

The Global Two-Wheeler Tire Market stood at around $13 billion in 2019 and is projected to surpass $20 billion by 2025.

Growth in the market is led by rising two-wheeler sales, expanding two-wheeler fleet size and increasing per capita income across the globe. Rise in the demand for two-wheelers for personal transportation has stimulated two-wheeler production in emerging economies of Asia-Pacific, which in turn has also increased the OEM two-wheeler tire demand.

The Global Two-Wheeler Tire Market is majorly dominated by Asia-Pacific, with India and China being the most prominent markets. Both of these countries account for the highest number of two-wheeler tire sales, globally, with their combined market share being well over 80% in the Global Two-Wheeler Tire Market. Another set of emerging market for two-wheeler tires include South East Asian countries such as Indonesia, Vietnam, etc. These countries enjoy the presence of major two-wheeler OEMs with large production capacities.

The Global Two-Wheeler Tire Market is dominated by the tires for scooters/mopeds in 2019. High inclination towards scooters/mopeds is witnessed majorly in Asian countries such as India, China, Indonesia, etc., which supports the global demand for scooter/moped tires, and this trend is anticipated to continue during the forecast period. Contrarily, …

Full story available on Benzinga.com

Source Benzinga

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