2028 South America Two Wheeler Tire Market Analysis: Key Players and Growth Forecast
A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled South America Two Wheeler Tire Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
South America Two Wheeler Tire Market Definition:
The two-wheeler tires are engineered with specialized features to meet the unique requirements of two-wheeled vehicles, including factors such as size, tread pattern, load capacity, and speed rating. It involves a range of stakeholders, including tire manufacturers, distributors, retailers, and aftermarket service providers, who cater to both original equipment manufacturers (OEMs) and aftermarket customers. Ultimately, the two-wheeler tire plays a vital role in ensuring the safety, performance, and efficiency of two-wheeled vehicles.
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South America Two Wheeler Tire Market Insights:
The South America Two Wheeler Tire Market is projected to witness significant growth during the forecast period of 2023-2028, with a projected compound annual growth rate (CAGR) of around 12.25%.
South America Two Wheeler Tire Market Driver:
Rapid Urbanization to Fuel the Demand for Two-wheeler Tires in the Region – As urban areas rapidly expand & population increases, there is a surging demand for efficient & cost-effective transportation options, particularly in countries like Brazil & Colombia. Thus, it is presumed that the flourishing urbanization would drive the growth of the South America Two Wheeler Tire Market.
In Brazil, cities such as Sao Paulo & Rio de Janeiro have experienced rapid urbanization, resulting in increased traffic congestion. As a result, motorcycles & scooters have become popular choices for daily commuting, offering agility & fuel efficiency in navigating through crowded city streets. As more individuals opt for motorcycles & scooters as their preferred mode of transportation in urban areas, the demand for reliable & high-quality two-wheeler tires is expected to rise, presenting lucrative opportunities for tire manufacturers & retailers operating in the South American market.
Tire manufacturers & retailers that cater to this market can capitalize on the growing urbanization trends by offering high-quality &reliable tires designed for urban environments. Additionally, government initiatives & infrastructure development aimed at improving urban mobility will further stimulate the demand for two-wheelers, subsequently enhancing the South America Two-wheeler Tire Market size.
South America Two Wheeler Tire Market Leading Key Players:
Michelin, Bridgestone, Pirelli, Dunlop, Maggion Tires, Borilli, Rinaldi Tires, Pneus Technic, Maxxis, Kenda Tire, Others
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South America Two Wheeler Tire Market Segmentation:
Based on Vehicle Type
– Scooter and Moped
— Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
— 101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
— 126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
— Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Motorcycle
— Upto 100CC, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
— 101 cc to 125 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
— 126 cc to 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
— Above 150 cc, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Based on Tire Size
– Tire Size 1, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Tire Size 2, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Tire Size 3, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Tire Size 4, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Tire size 5, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Based on Tire Type
– Radial, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Bias, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Based on Price Category
– Budget, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Economy, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Premium, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Based on Sales Channel
– Online, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Direct Sales, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Multi Brand Stores, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Exclusive Outlets, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
Based on Demand Type
– OEM, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
– Replacement, Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
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South America Two Wheeler Tire Market Geographical Analysis
By Region
– Brazil
– Argentina
– Chile
– Colombia
– Peru
– Paraguay
– Ecuador
– Uruguay
– Rest of South America
Recent Development of South America Two Wheeler Tire Market:
2022: Borilli Racing, a Brazilian off-road tire manufacturer, announced its plans to complete the construction of its new factory in Tapejara, as part of its work & action plans for the year, aiming to expand its production capabilities and meet growing demand.
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