PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1884052
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1884052
The global two wheeler tire market is experiencing strong growth as motorcycles, scooters, and mopeds continue to dominate personal mobility, especially in developing nations. According to the latest industry analysis, the market was valued at USD 9.26 billion in 2024, is projected to reach USD 9.89 billion in 2025, and is expected to grow significantly to USD 17.14 billion by 2032, reflecting a CAGR of 8.2% over the forecast period. In 2024, Asia Pacific accounted for 70.52% of global market share, solidifying its position as the largest and fastest-growing regional segment due to massive two-wheeler adoption in India, China, Indonesia, and Vietnam.
Two wheeler tires play a crucial role in enhancing vehicle stability, safety, traction, and handling under varying road and weather conditions. Available in tubed, tubeless, radial, and bias-ply designs, these tires are engineered for daily commuting, long-distance touring, and high-performance sports riding. The industry's growth is accelerated by rising urbanization, increased demand for affordable transport, and continuous technological advancements in tire materials and structures.
Market Dynamics
Market Drivers
Electrification of Two-Wheelers and Rise in Sustainable Urban Mobility
The surge in electric motorcycles and scooters is fundamentally reshaping tire demand. EV-specific tires require high load-bearing capacity, low rolling resistance, and optimized tread design to handle instant torque. Manufacturers such as MRF, CEAT, and Michelin have introduced advanced EV tire lines, including Michelin's City Grip EV in Southeast Asia. Government schemes such as India's FAME-II, China's NEV policies, and the EU's sustainability mandates are accelerating innovation in silica-reinforced, low-noise, and eco-friendly tires. The integration of RFID-enabled smart tires, self-sealing technology, and recycled materials further strengthens the technological evolution in the global two wheeler tire market.
Market Restraints
Volatility in Raw Material Prices
The biggest challenge for manufacturers comes from fluctuating natural and synthetic rubber prices. Supply disruptions caused by extreme weather in Thailand and Indonesia-major natural rubber suppliers-continue to impact production costs. Additionally, regulatory pressures such as the EU's tire labeling norms and India's BIS certification raise compliance costs. Industry leaders like Bridgestone and Michelin are increasingly investing in bio-based and synthetic alternatives to mitigate dependency on traditional rubber sources. These cost pressures remain a key constraint on global market expansion.
Market Opportunities
Premium, High-Performance, and Smart Tire Demand Rising
Growing consumer preference for safety, comfort, and high-performance riding is driving demand for premium tires. In 2024, Michelin introduced the Road 6 series, delivering improved wet grip and 15% longer life. Smart tire technology, including embedded sensors for pressure and temperature monitoring, is gaining traction in Europe and Japan. Regulatory reforms such as EU tire labels and India's updated BIS standards promote innovation and premiumization. Increasing popularity of adventure and sports motorcycles across Asia, Europe, and Latin America creates substantial growth opportunities for high-end two wheeler tires.
Market Trends
Rapid Shift Toward Tubeless Technology
The global shift from tubed to tubeless tires is a defining trend. Tubeless tires offer improved safety, better puncture resistance, and superior heat dissipation. According to industry reports, tubeless tires are growing at almost twice the rate of traditional tubed tires. Manufacturers are enhancing tubeless technology with silica-rich compounds, self-healing features, and dual-compound tread designs. Regulatory bodies-such as India's ARAI mandating tubeless tires for motorcycles above 150cc from 2025-further accelerate this shift.
Asia Pacific
The region dominated the market with USD 6.53 billion in 2024, driven by massive two-wheeler ownership and production. India, China, and Indonesia lead demand, supported by expanding aftermarket networks and government incentives for EV two-wheelers. Tier-1 manufacturers such as MRF, CEAT, and TVS Srichakra are accelerating radial and EV tire development for domestic and export markets.
North America
Growth remains steady, driven by premium motorcycle segments in the U.S. and Canada. The region adopts high-performance and touring tires, supported by strict DOT safety regulations. Sustainability initiatives guide material innovation and recycling programs.
Europe
Europe emphasizes green technologies, premium tires, and regulatory compliance. Pirelli, Continental, and Michelin dominate the region through innovations in FSC-certified natural rubber, smart tires, and eco-friendly materials.
Competitive Landscape
Leading global companies-such as MRF, Michelin, Bridgestone, Pirelli, CEAT, Goodyear, and Continental-dominate through advanced R&D, robust OEM partnerships, and diversified product portfolios. MRF remains a global leader due to extensive manufacturing capacity and strong presence across Asia and Africa. Frequent product innovations and expansion strategies define competitive success, such as Bridgestone's BATTLAX T33 launch in 2024 and Michelin's high-performance scooter tire releases in 2025.
Conclusion
With the market increasing from USD 9.26 billion in 2024 to USD 9.89 billion in 2025, and projected to reach USD 17.14 billion by 2032, the two wheeler tire market is on a strong growth trajectory. Supported by electrification, premiumization, safety technologies, and expanding Asian demand, the sector is positioned for sustained global expansion.
Segmentation By Vehicle Type
By Tire Type
By Propulsion
By Sales Chanel
By Region