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

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, 2025

New York, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Latin America Two Wheeler Tire Market, By Vehicle Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2025" - https://www.reportlinker.com/p05872169/?utm_source=GNW

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 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.

Years considered for this report:

Historical Period: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025

Objective of the Study:

• To analyze and forecast the market size of Latin America two wheeler tire, in terms of value and volume.
• To classify and forecast Latin America two wheeler tire based on vehicle type, demand category and regional distribution.
• To identify drivers and challenges for Latin America two wheeler tire.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Latin America two wheeler tire.
• To conduct the pricing analysis for Latin America two wheeler tire.
• To identify and analyze the profile of leading players involved in the Latin America two wheeler tire market.
The analyst performed primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of two wheeler tire manufacturers in Latin America.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst was able to include vendors and service providers that could not be identified due to the limitations of secondary research. The analyst examined product offerings, application, distribution channel and regional presence of all two wheeler tire manufacturers across the globe.
The analyst calculated the market size of two wheeler tire market using a bottom-up approach, where data for various end-user segments were recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

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
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as two wheeler tire manufacturers, distributors and dealers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion. thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Latin America two wheeler tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Vehicle Type:
o Motorcycle
o Scooter/Mopeds
• Market, By Demand Category:
o OEM
o Replacement
• Market, by Region:
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in two wheeler tire.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p05872169/?utm_source=GNW

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