Global two wheeler tires market is expected to rise at stable CAGR over the course of the forecast period and is likely to touch a valuation of US$16,940 Mn by the end of 2026.
Albany, NY -- (SBWIRE) -- 03/08/2018 -- As consumers are becoming more concerned about road safety, the demand for two wheeler tires is also increasing as they have properties such as enhanced grip and anti-skid. A new research study based on two wheeler tires has been added to the wide database of Market Research Hub (MRH), which finds that the future of global two wheeler tires market looks promising. This research study is titled as "Two Wheeler Tires Market - Global Industry Analysis, Size, Growth, Trends, Share and Forecast 2017 – 2026", in which analysts clearly states that the market is expected to exhibit a CAGR of 4.6% from 2017 to 2026 and is projected to touch a valuation of around US$16939Mn by the end of the forecast period.
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The above findings have been presented via in-depth analysis on two wheeler tires market on a global as well as regional level. In the initial section, the report begins with an executive summary containing key information including market overview, market analysis along with range of market-related data. In addition, drivers, restraints, and opportunities mentioned in the report are explained through quantitative and qualitative data. This study also notifies readers with figures related to volume, value, and development rate of the market from a growth point of view.
Global Market Overview
The two wheeler tires market caters to specifically three segments such as motorcycles, scooters, and mopeds. The demand for tires further relies on the sales of two-wheelers. For a clear understanding, analysts have segmented the two-wheeler tires market on the basis of regions including North America, Latin America, the Middle East and Africa, Europe, the Asia Pacific excluding Japan, and Japan. Among these, Asia Pacific excluding Japan is likely to emerge as the core region for the market players to get the most out of countries such as Indian and China, where the demand for two-wheelers is comparatively high.
In addition, the research highlights market segmentation which classifies two-wheeler tires market on the basis of size, demand category, vehicle type and application. By size, the global two wheeler tires market has been bifurcated into less than 18 and greater than or equal to 18. On the basis of application, the global two wheeler tires market has been segmented into street, racing slicks, dual sport, and offroad knobbies. On the other hand, demand category includes OEM and replacement.
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Moreover, an important section covering vendor landscape highlights several aspects of key players such as product portfolio, innovation and developments core strategies, acquisitions, mergers, agreements, and their financial & non-financial strategies. At present, companies operating in the market are CEAT Limited, Bridgestone Corporation, Deestone Company Limited, Apollo Tyres Ltd., JK Tyre & Industries, and MRF Limited, among many others.
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