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North America 2-Wheeler Replacement Tire Market Size (2024 - 2029)

The North America 2-Wheeler Replacement Tire Market is experiencing growth driven by increased ownership of personal 2-Wheelers and technological advancements. The demand for replacement tires is influenced by factors such as tire wear from extensive use and road damage. While E-bike sales are on the rise, they still constitute a small segment of the overall bike market, prompting manufacturers to seek opportunities within this niche. The market's expansion is supported by the continuous need for tire replacements to maintain vehicle performance and safety.

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Market Size of North America 2-Wheeler Replacement Tire Industry

North America 2-Wheeler replacement tire market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.40 %
Market Concentration Low

Major Players

North America 2-Wheeler replacement tire market size

*Disclaimer: Major Players sorted in no particular order

North America 2-Wheeler Replacement Tire Market Analysis

The North America 2-Wheeler Replacement Tire Market is anticipated to register a CAGR of about 4.4% during the forecast period (2020 - 2025).

  • 2-Wheeler Replacement Tire has always remained in demand, and with more extensive ownership of personal 2-Wheelers and growing technological advancements, the need for these will only increase. A surplus amount of income is spent by North American nations when it comes to purchasing motorcycles. According to the Bureau of Transportation Statistics, over the past 12 years, motorcycle registrations in the U.S. have increased from 3,826,373 in 1997 to 6,678,958 in 2006, which indicates an overall increase of tires needs for motorbike segment.
  • Balding of the tire due to excessive tear after running the vehicle for a set number of miles and road damage resulting faulting in tires sidewalls are a few significant reasons as to why customers get their tires replaced. For instance, Retreading allows the tire to perform the same as a new tire, adding the extra mile to your tire life. The older casing can be used again, while new treads can be added twice or thrice depending on the tire condition.
  • E-bike sales have been growing steadily over the years. However, they still only represent a small portion of the overall bike market in the U.S. As a result, 2-wheeler Replacement Tire manufacturers are exploring opportunities in the E-bikes market.

North America 2-Wheeler Replacement Tire Industry Segmentation

The North America 2-Wheeler Replacement Tire Market report covers the latest technology trends, government regulations on the 2-Wheeler Replacement Tire Market, and market share of major automotive bearing manufacturers across North America.

Vehicle Type
Motorcycle
Scooter/Moped
E-bikes
Sales Channel
OEMs
Aftermarket
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North America 2-Wheeler Replacement Tire Market Size Summary

The North America 2-Wheeler Replacement Tire Market is poised for steady growth, driven by the increasing ownership of personal 2-wheelers and advancements in tire technology. The demand for replacement tires remains robust due to factors such as tire wear from extensive use and road damage. Retreading has emerged as a popular method to extend tire life, allowing older casings to be reused with new treads, offering a cost-effective alternative to purchasing new tires. The market is also witnessing a shift towards e-bikes, with manufacturers exploring opportunities to cater to this growing segment. Despite the challenges posed by an aging demographic and declining sales in certain motorcycle segments, the market continues to thrive, supported by government initiatives and subsidies promoting e-bike adoption.

The competitive landscape of the North America 2-Wheeler Replacement Tire Market is characterized by the presence of major players like Apollo Tyres Ltd, BFGoodrich, Cooper, Dunlop, Firestone, General, Goodyear, Michelin, and Yokohama. These companies are actively engaging in joint ventures, partnerships, and the launch of technologically advanced products to maintain their market share. The U.S. market, in particular, sees significant activity with brands like Harley-Davidson expanding their offerings and operations. The market's consolidation and the strategic moves by key players underscore the dynamic nature of the industry, as companies strive to meet the evolving demands of consumers and regulatory standards.

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North America 2-Wheeler Replacement Tire Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Vehicle Type

      1. 2.1.1 Motorcycle

      2. 2.1.2 Scooter/Moped

      3. 2.1.3 E-bikes

    2. 2.2 Sales Channel

      1. 2.2.1 OEMs

      2. 2.2.2 Aftermarket

North America 2-Wheeler Replacement Tire Market Size FAQs

The North America 2-Wheeler Replacement Tire Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)

Apollo tires, BfGoodrich, Cooper Tires, Coker tire and Dunlop tires are the major companies operating in the North America 2-Wheeler Replacement Tire Market.

North America 2-Wheeler Replacement Tire Report Snapshots

North America 2-Wheeler Replacement Tire Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)