Europe 2-Wheeler Replacement Tire Market Size (2024 - 2029)

The Europe 2-Wheeler Replacement Tire Market is experiencing growth driven by increasing ownership of personal 2-Wheelers and technological advancements. This demand is further fueled by the need to replace tires due to issues such as balding and road damage. The market's expansion is also supported by the rising popularity of E-bikes, which presents additional opportunities for tire replacement.

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Market Size of Europe 2-Wheeler Replacement Tire Industry

Europe 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 4.00 %
Market Concentration High

Major Players

Europe 2-wheeler replacement tire market size

*Disclaimer: Major Players sorted in no particular order

Europe 2- Wheeler Replacement Tire Market Analysis

The Europe 2-Wheeler Replacement Tire Market is anticipated to register a CAGR greater than 4.0% 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 European nations when it comes to purchasing motorcycles.

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.

In 2019, E-bike sales in Europe had reached 3.2 million units, up from 2.6 million units the previous year. E-bike sales have been continuously growing over the year, indicating towards opportunities in the 2-wheeler Replacement Tire market.

Europe 2- Wheeler Replacement Tire Industry Segmentation

The Europe 2-Wheeler Replacement Tire Market report covers the current and upcoming trends with recent technological development. The report will provide a detailed analysis of various areas of the market by vehicle, fuel and demand type. The market share of significant 2-Wheeler Replacement Tire companies across Europe will be provided.

Vehicle Type
Motorcycle
Scooter/Moped
Fuel type
Petrol
Electric
Demand Category
OEM
Replacement
Geography
Europe
United Kingdom
Germany
Italy
France
Rest of Europe
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Europe 2-Wheeler Replacement Tire Market Size Summary

The Europe 2-Wheeler Replacement Tire Market is poised for significant growth, driven by the increasing ownership of personal 2-wheelers and advancements in technology. The demand for replacement tires remains robust due to factors such as tire balding from extensive use and road damage affecting tire sidewalls. Retreading is a popular method for extending tire life, allowing older casings to be reused with new treads, thereby offering a cost-effective alternative to purchasing new tires. The market is also witnessing a surge in e-bike sales, presenting new opportunities for tire replacement as the electric segment continues to expand. High-quality tires are being manufactured using advanced technologies, enhancing durability and performance even in their second or third life.

The market landscape is characterized by the presence of major players like Apollo Tyres Ltd, BFGoodrich, Cooper, and Dunlop, who hold significant market shares. These companies are engaging in joint ventures and partnerships to introduce innovative products and maintain a competitive edge. The growth of scooter-sharing services across Europe, particularly in countries like France, Italy, and Spain, has further fueled the demand for replacement tires. As electric scooters and motorcycles gain popularity, manufacturers are investing in advanced, lightweight, and safe tire solutions to cater to this evolving market. Despite the economic benefits of retreading, challenges remain regarding the quality of retreaded tires compared to new ones, yet the cost savings continue to drive their adoption.

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Europe 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 Force 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 Fuel type

      1. 2.2.1 Petrol

      2. 2.2.2 Electric

    3. 2.3 Demand Category

      1. 2.3.1 OEM

      2. 2.3.2 Replacement

    4. 2.4 Geography

      1. 2.4.1 Europe

        1. 2.4.1.1 United Kingdom

        2. 2.4.1.2 Germany

        3. 2.4.1.3 Italy

        4. 2.4.1.4 France

        5. 2.4.1.5 Rest of Europe

Europe 2-Wheeler Replacement Tire Market Size FAQs

The Europe 2-Wheeler Replacement Tire Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Apollo Tires Ltd , BFGoodrich, Cooper, Dunlop and Firestone are the major companies operating in the Europe 2-Wheeler Replacement Tire Market.

Europe 2-Wheeler Replacement Tire Report Snapshots

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