Dublin, March 26, 2021 (GLOBE NEWSWIRE) -- The "Latin America Two Wheeler Tire Market, By Vehicle Type (Motorcycle & Scooter/Moped), By Demand Category (OEM Vs Replacement), By Region (Brazil, Argentina, Colombia, Chile, Peru, Mexico), Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Latin America Two Wheeler Tire Market stood around USD 1.5 Billion in 2019 and is forecast to reach USD 1.95 Billion by 2025 owing to rising two wheeler sales due to their ease of maneuverability and high mileage coupled with expanding two wheeler fleet in Latin America.
Increasing vehicle population and traffic congestion on city roads are expected to boost the demand for two wheelers and their tires during forecast period. Continuous business expansions of prominent two wheeler tire manufacturing companies across the region and their continuous research and development activities to manufacture technologically advanced, economical as well as efficient tires is further anticipated to intensify the competition in two wheeler tire market across Latin America over the course of the next five years.
The Latin America Two Wheeler Tire Market was dominated by the tires for motorcycles in 2019. High inclination towards motorcycles is witnessed due to poor road infrastructure and ease of driving motorcycle in both the paved and unpaved roads. Another reason for dominance of motorcycles in Latin America is larger wheels as compared to scooters which provides better manoeuvrability on roads.
But the sales of scooter/mopeds are also growing and will witness a sharp growth during the forecast period. Many two wheeler companies are introducing new models of scooters in Latin America due to increasing preference of female riders. Although, motorcycle tires are expected to dominate the demand for two wheeler tires in Latin America during the forecast period, the region is also projected to witness significant growth in demand for scooter/moped tires during the forecast period.
Major companies operating in the Latin America Two Wheeler Tire Market are Rinaldi Tires, Maggion Tires, Michelin Tires, Pirelli Pneus SA, Pneus Technic, Bridgestone Americas Inc, Maxxis International, Kenda International and Levorin Pneus.
The existing companies are expanding their dealer and distributor network as well as expanding their product portfolio with high-performance tires to meet the requirements of different driving conditions. Leading global players are also focusing on improving their radial tire technology for two wheelers to tap the growing trend of radialization in two wheeler tires across Latin America.
Key Target Audience:
- Motorcycle and Scooter/Mopeds manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to two wheeler tire market
- Market research and consulting firms
Years considered for this report:
- Historical Period: 2015-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021-2025
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factor Influencing Purchase Decision
4.2. Brand Recall
4.3. Brand Satisfaction Level
5. Latin America Two wheeler Tire Production Overview
6. Latin America Two Wheeler Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Motorcycle & Scooter)
6.2.2. By Demand Category (OEM vs Replacement)
6.2.3. By Radial vs. Bias
6.2.4. By Country
6.2.5. By Company
6.3. Product Market Map (By Country, By Vehicle Type)
6.4. Brazil Two Wheeler Tire Market Outlook
6.5. Argentina Two Wheeler Tire Market Outlook
6.6. Colombia Two Wheeler Tire Market Outlook
6.7. Chile Two Wheeler Tire Market Outlook
6.8. Peru Two Wheeler Tire Market Outlook
6.9. Mexico Two Wheeler Tire Market Outlook
7. Market Dynamics
7.1. Drivers
7.2. Challenges
8. Market Trends & Developments
9. Pricing Analysis
10. Policy & Regulatory Landscape
11. Competitive Landscape
11.1. Rinaldi Tires
11.2. Maggion Tires
11.3. Michelin Tires
11.4. Pirelli Pneus SA
11.5. Pneus Technic
11.6. Bridgestone Americas Inc
11.7. Maxxis International
11.8. Kenda International
11.9. Levorin Pneus
12. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/63ngw0