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.
|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, Others|
|Unit Denominations||USD Million/Billion|
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.”
According to MarkNtel Advisors, the leading players with a considerable share in the China Two-Wheeler Tire market include Hangzhou Zhongce Rubber, Michelin, Kumho, Bridgestone, Continental, Pirelli, Yokohama, Cheng Shin Rubber, Wuxi Weida Rubber Co. Ltd., etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
A. . The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
A. The market size/industry size or the market value is measured in terms of USD Million and Units sold.
A. The growth rate of China Two-Wheeler Tire Market during 2021-26 is projected to grow at a significant CAGR.
A. Hangzhou Zhongce Rubber, Michelin, Bridgestone, Continental, Pireli, Yokohama, Kumho, Cheng Shin Rubber, Wuxi Weida Rubber Co. Ltd. etc., are few of the leading players in the China Two-Wheeler Tire Market.
A. Motorbike segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
A. Replacement continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of China Two-Wheeler Tire Market.