Market Size of Europe Two-Wheeler Tire Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Two-Wheeler Tire Market Analysis
The Europe Two-Wheeler Tire Market is projected to grow with a CAGR of more than 7 % during the forecast period.
- The market is primarily driven by the demand for two wheelers in the region. Also, the rise in urbanization and lack of infrastructure for four-wheeler parking is expected to act in favor. This subsequently is expected to help the market for two-wheeler tires.
- In 2019, the sales figures for 2-wheelrs were up by almost 8% in Europe. The motorcycle demand in 2020, was up by 11% in January, 7.1% in February but later-on fell 35% due to the Lockdown imposed in the region amid COVID-19.
- Market players are investing heavily in development of anti-skid, flat run tires, eco tires and enhanced grip tires for improving the safety and enhance the driving experience of the rider.
Europe Two-Wheeler Tire Industry Segmentation
Europe two-wheeler tire market covers the latest trends and technological development in the two-wheeler tire market, demand by the vehicle type, sales channel, country and market share of major tire companies.
| Sales Channel | |
| OEMs | |
| Aftermarket |
| Vehicle Type | |
| Scooter | |
| Motorcycle |
| Geography | ||||||||
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Europe Two-Wheeler Tire Market Size Summary
The Europe Two-Wheeler Tire Market is experiencing significant growth, driven by the increasing demand for two-wheelers across the region. This demand is fueled by factors such as urbanization and the inadequacy of parking infrastructure for four-wheelers, making two-wheelers a more convenient commuting option in crowded urban areas. The market is also benefiting from the rising pollution levels and deteriorating air quality, which have led to a surge in demand for electric scooters and motorcycles. European countries are actively promoting the transition from gas-powered to electric two-wheelers, further boosting market growth. Major players in the industry, including BMW, Piaggio, and KTM, are witnessing sales growth, with a notable increase in electric two-wheeler registrations, indicating a robust demand for tires.
The market landscape is highly fragmented, with several key players holding substantial market shares. Companies such as Continental AG, Michelin SCA, and Pirelli Tires are heavily investing in research and development to innovate and meet the evolving demands of the market. These investments are aimed at enhancing tire safety and performance, catering to both original equipment manufacturers (OEMs) and aftermarket needs. The market's growth is also supported by the increasing spending capacity of individuals, particularly in countries like France, where two-wheeler sales have seen a significant rise. The ongoing efforts by major tire manufacturers to expand production capabilities and introduce advanced tire technologies are expected to sustain the positive growth trajectory of the Europe Two-Wheeler Tire Market.
Europe Two-Wheeler Tire Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Sales Channel
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2.1.1 OEMs
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2.1.2 Aftermarket
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2.2 Vehicle Type
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2.2.1 Scooter
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2.2.2 Motorcycle
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2.3 Geography
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2.3.1 Europe
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2.3.1.1 Germany
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2.3.1.2 United Kingdom
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2.3.1.3 France
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2.3.1.4 Italy
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2.3.1.5 Spain
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2.3.1.6 Rest of Europe
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Europe Two-Wheeler Tire Market Size FAQs
What is the current Europe Two-Wheeler Tire Market size?
The Europe Two-Wheeler Tire Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Europe Two-Wheeler Tire Market?
Continental AG, Michelin SCA, Pirelli Tires, MRF Tires and Kenda Rubber Industrial Company are the major companies operating in the Europe Two-Wheeler Tire Market.
