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

The North America 2-Wheeler Tire Market is experiencing growth driven by increased ownership of personal 2-Wheelers and advancements in technology, which are enhancing demand. Despite stagnant motorcycle sales in the U.S., the market size is influenced by the adoption of innovative manufacturing technologies that offer sustainable and cost-effective tire solutions, such as retreading. Additionally, the rising interest in E-bikes presents new opportunities for tire manufacturers, contributing to the market's expansion.

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Market Size of North America 2-Wheeler Tire Industry

North America 2 Wheeler Tire Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.45 %
Market Concentration Low

Major Players

North America 2 Wheeler Tire Market Key Players

*Disclaimer: Major Players sorted in no particular order

North America Two Wheeler Tire Market Analysis

The North America 2-Wheeler Tire Market is anticipated to register a CAGR of about 4.45% during the forecast period (2020 - 2025).

  • 2-Wheeler Tire has always remained in demand, and with more extensive ownership of personal 2-Wheelers and growing technological advancements, the demand 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.
  • Another factor responsible for the growth in the adoption of cutting-edge manufacturing technology by OEMs that offer product differentiation through sustainability, durability, and affordability. For instance, demand for retreading of tires is increasing as it reduces the operating cost in the after-market, preventing tires from a complete replacement, and thereby, is a cost-effective option.
  • But in the U.S., motorcycles sales have now remained stagnant for a long duration. Also, companies like Harley-Davidson Inc. have also seen a slip in its motorcycle sales in 2019 despite new models and expanded overseas operations. However, E-bike sales have been growing steadily over the years, but they still only represent a small portion of the overall bike market in the U.S. As a result, 2-wheeler Tire manufacturers are exploring opportunities in the E-bikes market as well.

North America Two Wheeler Tire Industry Segmentation

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

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

The North America 2-Wheeler Tire Market is experiencing a steady growth trajectory, driven by the increasing ownership of personal 2-wheelers and advancements in technology. The demand for 2-wheeler tires is bolstered by the rising popularity of motorcycles and the adoption of innovative manufacturing technologies by original equipment manufacturers (OEMs). These advancements offer product differentiation through sustainability, durability, and affordability, with retreading becoming a cost-effective option for extending tire life. Despite the stagnation in motorcycle sales in the U.S., the market is witnessing a shift towards electric bikes (E-bikes), which are gaining traction due to their space-saving advantages in congested urban areas and growing government incentives for electric vehicles.

The market landscape is characterized by a consolidation of major players such as Apollo Tyres Ltd, BFGoodrich, Cooper, Dunlop, Firestone, General, Goodyear, Michelin, and Yokohama, who hold significant market shares. These companies are actively engaging in joint ventures, partnerships, and the launch of new products with advanced technology to maintain a competitive edge. While the traditional motorcycle segment faces challenges due to an aging demographic and declining sales in certain categories, the E-bike segment presents a promising opportunity for growth. The increasing demand for E-bike tires, supported by government subsidies and incentives, is expected to drive the market forward, offering a profitable alternative for tire manufacturers in North America.

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North America 2-Wheeler 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

    2. 2.2 Sales Channel

      1. 2.2.1 OEMs

      2. 2.2.2 Aftermarket

North America 2-Wheeler Tire Market Size FAQs

The North America 2-Wheeler Tire Market is projected to register a CAGR of 4.45% during the forecast period (2024-2029)

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

North America 2-Wheeler Tire Report Snapshots

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