According to the MarkNtel Advisors research report, “China Two-Wheeler Tire Market Analysis, 2021,” the market is likely to grow considerably during 2021-26F due to a surge in two-wheeler sales, increasing fleet size of two-wheelers, and burgeoning per capita income. Besides this, the significantly surging demand for two-wheelers for personal transportation, snowballing product portfolio by the launch of high-performance tires, and escalating growth in the sales of electric two-wheelers are other critical factors likely to fuel the market growth in the forecast period.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Key Companies Profiled | Hangzhou Zhongce Rubber, Michelin, Bridgestone, Continental, Pireli, Yokohama, Cheng Shin Rubber |
| Unit Denominations | USD Million/Billion |
Market Segmentation
Radial Tire Acquired the Majority Market Share
Based on Tire Type, Radial Type accounted for the majority market share in the previous few years. The rising trend of radialization in two-wheeler tires, increasing improvement in radial tire technology for two-wheelers by market players, and launch of innovative tires are critical factors likely to contribute to the overall market growth in the forecast period, reveals the author in their research report, “China Two-Wheeler Tire Market Analysis, 2021.”
