Global Two-wheeler Tires Growth Opportunities

Description

Future Growth Potential of Tire Sales Revenue due to Two-wheeler Parc, New Digital Business Opportunities, and Leisure Motorcycling

The growing working group population in emerging economies in Asia is expected to drive vehicle adoption, fulfilling annual miles and eventually tire consumption. The demand for premium two-wheeler tires (250cc and above) is increasing due to the rise in premium two-wheeler sales across all regions. Growing popularity in leisure motorcycling is driving the YoY demand for off-road, dual-purpose, and track tires. Tires with high mileage thread wear and durability against potential punctures will gain sales traction in developing economies with challenging road environments. The need for higher fuel efficiency and lower tailpipe emission in small-capacity two wheelers is driving tire makers to manufacture tires with lower rolling resistance.

Growth trends toward ride-sharing, ride-hailing, vehicle leasing, and subscription services will shift the fleet operator's focus toward adopting high mileage tires. Leading global participants, such as Michelin, Bridgestone, and Pirelli, are exploring breakthrough tire technologies of airless tires, connected tires, sustainable raw materials, and green recycling to reduce the environmental impact. Price-sensitive commuter two-wheeler markets, such as Asia and South America, have competitively priced domestic brands dominating the small-capacity two-wheeler segments. Leading domestic vendors, such as MRF and Ceat in mass-market two-wheeler markets, are exploring technologies to match consumer demands in high mileage tire technology and puncture-proof tire technologies. The impact of COVID-19 in 2020 forced tire makers and retailers to step into the eRetail platforms, which have opened new revenue opportunities as consumer interest in online shopping has skyrocketed since 2020.

India's tire import restrictions imposed in 2020 created a massive revenue stream for domestic vendors catering to the demands for the premium two-wheeler segment tires. The rising energy costs, strong demand for goods, and supply chain disruptions translated to soaring inflation levels across the globe. While US inflation topped 6% in October 2021, the highest in 30 years, prices in the Eurozone surged by 5% in November 2021. As many Latin American economies battled double-digit inflation in 2021, price increases in India and Russia overshot central bank targets of 4%. China, East Asia, and ASEAN economies were an exception to the trend, with weaker domestic demand and currency stability feeding into an approximate 2% price hike in 2021. Global supply chain disruptions were augmented by acute shortages of key inputs due to climate disruptions and local virus outbreaks in critical supply chain links, such as Vietnam, China, Indonesia, and Malaysia, in H2 2021. In addition, a paucity of semiconductor chips held up production in several industries, including electronics and automotive.

Product Code: PD11-44

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Two-wheeler Tires Industry
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
Segmentation
Regional Segmentation
Key Competitors
Key Growth Metrics
Growth Drivers
Growth Restraints
Revenue Forecast Analysis
Forecast Assumptions
Revenue and Unit Shipment Forecast
Revenue Forecast by Product Type
Revenue Forecast by Region
Unit Shipment Forecast by Product Type
Unit Shipment Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Industry Vertical
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis

2022 Global Economic Outlook

Top 5 Global Economic Highlights of 2021
Top 5 Global Economic Predictions for 2022
Global GDP Growth
2022 Scenario Analysis-Quarterly Global Growth
2022 Scenario Analysis-Assumptions
2022 Global GDP Growth Snapshot
Advanced Economies-Predictions for 2022
Emerging Market Economies-Predictions for 2022
Top 5 Global Predictions For 2022-Macroeconomic Policies and Developments
2022 Growth Opportunities-Top 3 Opportunities by Region
2022 Regional Trends-Risks and Policy Direction
Protracted War Leads to Further Global Growth Downgrade; GCC Sees a Strong Growth Uptick
Recent Upward and Downward Oil Price Pressures from Demand-side Weakness and Proposed EU Ban on Russian Oil
Dollar Surge Driven by Expectation of Aggressive Fed Hikes and Safe Haven Currency Status
What to Expect Ahead?

Innovations in the Global Two-wheeler Tire Industry

Sustainable Material Technology
Tire Recycling
Tire Construction Technology
Tire as a Service (TaaS) Business Model
Connected Tire Technology
EV Tires
Major 2W Tire Manufacturers, Market Share

Growth Opportunity Analysis, North America

North American Two-wheeler Tire Market
Market Analysis
Market Analysis (continued)
Distribution Channels
Key Growth Metrics
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Product Type
Unit Shipment Forecast by Product Type
Forecast Analysis by Product Type
Competitive Environment
Revenue Share

Growth Opportunity Analysis, South America

South American Two-wheeler Tire Market
Market Analysis
Market Analysis (continued)
Distribution Channels
Key Growth Metrics
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Product Type
Unit Shipment Forecast by Product Type
Forecast Analysis by Product Type
Competitive Environment
Revenue Share

Growth Opportunity Analysis, Europe

European Two-wheeler Tire Market
Market Analysis
Market Analysis (continued)
Distribution Channels
Key Growth Metrics
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Product Type
Unit Shipment Forecast by Product Type
Forecast Analysis by Product Type
Two wheeler Tire Import & Export Trend
Competitive Environment
Revenue Share

Growth Opportunity Analysis, Asia

Asian Two-wheeler Tire Market
Market Analysis
Market Analysis (continued)
Distribution Channels
Key Growth Metrics
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Product Type
Unit Shipment Forecast by Product Type
Forecast Analysis by Product Type
Competitive Environment
Revenue Share

Growth Opportunity Universe

Growth Opportunity 1-Vendors Manufacturing Large Displacement Motorcycle Tires will Address the Rising Demand in Asia
Growth Opportunity 1-Vendors Manufacturing Large Displacement Motorcycle Tires will Address the Rising Demand in Asia(Continued)
Growth Opportunity 2-Online and eCommerce Platforms will Become Major Sales Channels for Two-wheeler Tires Globally
Growth Opportunity 2-Online and eCommerce Platforms will Become Major Sales Channels for Two-wheeler Tires Globally (continued)
Growth Opportunity 3-Manufacturers Will Explore New Tire Compositions to Cater to the Growing Electric Two-wheeler Demand
Growth Opportunity 3-Manufacturers Will Explore New Tire Compositions to Cater to the Growing Electric Two-wheeler Demand (continued)

Next Steps

Your Next Steps
Why Frost, Why Now?
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