World - Tyres For Motor Cycles Or Bicycles - Market Analysis, Forecast, Size, Trends and Insights
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The global motorcycle or bicycle tyre market is projected to experience growth in both volume and value over the next eight years, with China leading in consumption, production, and exports. The market saw a slight decline in 2022, but is expected to pick up with forecasted CAGR rates. The article also discusses trends in import and export prices, as well as key importing and exporting countries in the market.
Market Forecast
Driven by rising demand for motorcycle or bicycle tyre worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market value to $15.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Tyres For Motorcycles or Bicycles
In 2022, global motorcycle or bicycle tyre consumption reduced to 932M units, waning by -7% against the previous year's figure. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak volume of 1.3B units. From 2014 to 2022, the growth of the global consumption remained at a lower figure.
The global motorcycle or bicycle tyre market value declined slightly to $11.6B in 2022, waning by -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $12.1B, and then dropped modestly in the following year.
Consumption By Country
China (228M units) constituted the country with the largest volume of motorcycle or bicycle tyre consumption, comprising approx. 24% of total volume. Moreover, motorcycle or bicycle tyre consumption in China exceeded the figures recorded by the second-largest consumer, Iran (87M units), threefold. India (72M units) ranked third in terms of total consumption with a 7.7% share.
From 2012 to 2022, the average annual growth rate of volume in China stood at +5.9%. In the other countries, the average annual rates were as follows: Iran (+14.2% per year) and India (-14.8% per year).
In value terms, the United States ($2.8B), Iran ($1.7B) and the UK ($1.2B) were the countries with the highest levels of market value in 2022, with a combined 49% share of the global market.
In terms of the main consuming countries, Iran, with a CAGR of +16.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of motorcycle or bicycle tyre per capita consumption was registered in Iran (1,006 units per 1000 persons), followed by the UK (384 units per 1000 persons), France (292 units per 1000 persons) and Italy (268 units per 1000 persons), while the world average per capita consumption of motorcycle or bicycle tyre was estimated at 118 units per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the motorcycle or bicycle tyre per capita consumption in Iran stood at +12.7%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (+1.4% per year) and France (+2.8% per year).
Production
World Production of Tyres For Motorcycles or Bicycles
In 2022, after three years of growth, there was significant decline in production of tyres for motorcycles or bicycles, when its volume decreased by -7% to 999M units. Overall, production showed a slight descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23%. As a result, production reached the peak volume of 1.4B units. From 2014 to 2022, global production growth remained at a somewhat lower figure.
In value terms, motorcycle or bicycle tyre production declined modestly to $11.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 11%. Over the period under review, global production reached the maximum level at $11.5B in 2021, and then dropped modestly in the following year.
Production By Country
China (369M units) remains the largest motorcycle or bicycle tyre producing country worldwide, comprising approx. 37% of total volume. Moreover, motorcycle or bicycle tyre production in China exceeded the figures recorded by the second-largest producer, India (95M units), fourfold. The third position in this ranking was held by Iran (86M units), with an 8.7% share.
In China, motorcycle or bicycle tyre production expanded at an average annual rate of +3.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (-13.0% per year) and Iran (+14.5% per year).
Imports
World Imports of Tyres For Motorcycles or Bicycles
In 2022, supplies from abroad of tyres for motorcycles or bicycles decreased by -13% to 307M units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of 353M units, and then dropped in the following year.
In value terms, motorcycle or bicycle tyre imports stood at $3.3B in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.
Imports By Country
The countries with the highest levels of motorcycle or bicycle tyre imports in 2022 were Germany (28M units), the Netherlands (21M units), Italy (19M units), the United States (17M units), Mexico (14M units), France (12M units), the Philippines (11M units), Colombia (11M units), the UK (11M units), Brazil (11M units), Poland (8M units) and Spain (7.5M units), together recording 56% of total import. Malaysia (7.5M units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +11.9%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest motorcycle or bicycle tyre importing markets worldwide were Germany ($332M), the United States ($313M) and Italy ($203M), with a combined 25% share of global imports. The Netherlands, Spain, France, Colombia, Mexico, the UK, Malaysia, Brazil, Poland and the Philippines lagged somewhat behind, together accounting for a further 31%.
Among the main importing countries, the Philippines, with a CAGR of +22.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Imports By Type
In 2022, new pneumatic tyres for bicycles (218M units) was the largest type of tyres for motorcycles or bicycles, creating 71% of total imports. It was distantly followed by new pneumatic tyres for motorcycles (89M units), mixing up a 29% share of total imports.
New pneumatic tyres for bicycles experienced a relatively flat trend pattern with regard to volume of imports. At the same time, new pneumatic tyres for motorcycles (+3.8%) displayed positive paces of growth. Moreover, new pneumatic tyres for motorcycles emerged as the fastest-growing type imported in the world, with a CAGR of +3.8% from 2012-2022. New pneumatic tyres for motorcycles (+5.9 p.p.) significantly strengthened its position in terms of the global imports, while new pneumatic tyres for bicycles saw its share reduced by -5.9% from 2012 to 2022, respectively.
In value terms, the largest types of imported tyres for motorcycles or bicycles were new pneumatic tyres for motorcycles ($2B) and new pneumatic tyres for bicycles ($1.4B).
Among the main imported products, new pneumatic tyres for bicycles, with a CAGR of +5.6%, saw the highest growth rate of the value of imports, over the period under review.
Import Prices By Type
In 2022, the average motorcycle or bicycle tyre import price amounted to $11 per unit, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the product type; the product with the highest price was new pneumatic tyres for motorcycles ($22 per unit), while the price for new pneumatic tyres for bicycles amounted to $6.3 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by bicycle tire (+5.0%).
Import Prices By Country
In 2022, the average motorcycle or bicycle tyre import price amounted to $11 per unit, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($20 per unit), while the Philippines ($3.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Tyres For Motorcycles or Bicycles
After three years of growth, overseas shipments of tyres for motorcycles or bicycles decreased by -12% to 374M units in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 55%. The global exports peaked at 425M units in 2021, and then shrank in the following year.
In value terms, motorcycle or bicycle tyre exports expanded slightly to $3.7B in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.8% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 32%. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in years to come.
Exports By Country
In 2022, China (146M units) was the key exporter of tyres for motorcycles or bicycles, constituting 39% of total exports. Thailand (41M units) took the second position in the ranking, followed by Indonesia (31M units), Vietnam (30M units), India (25M units) and Germany (21M units). All these countries together held approx. 39% share of total exports. The following exporters - Taiwan (Chinese) (16M units), the Netherlands (13M units), Sri Lanka (8.8M units) and France (7.1M units) - together made up 12% of total exports.
China experienced a relatively flat trend pattern with regard to volume of exports of tyres for motorcycles or bicycles. At the same time, the Netherlands (+21.8%), Vietnam (+9.0%), Sri Lanka (+3.1%), Taiwan (Chinese) (+2.5%) and Thailand (+1.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.8% from 2012-2022. France, Indonesia and India experienced a relatively flat trend pattern. By contrast, Germany (-6.2%) illustrated a downward trend over the same period. While the share of Vietnam (+4.3 p.p.) and the Netherlands (+3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-3.3 p.p.) and Germany (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($829M), Germany ($437M) and Indonesia ($341M) constituted the countries with the highest levels of exports in 2022, with a combined 44% share of global exports. Thailand, Taiwan (Chinese), Vietnam, India, the Netherlands, France and Sri Lanka lagged somewhat behind, together accounting for a further 33%.
In terms of the main exporting countries, the Netherlands, with a CAGR of +13.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Exports By Type
New pneumatic tyres for bicycles was the largest exported product with an export of around 250M units, which amounted to 67% of total exports. It was distantly followed by new pneumatic tyres for motorcycles (124M units), achieving a 33% share of total exports.
New pneumatic tyres for bicycles experienced a relatively flat trend pattern with regard to volume of exports. At the same time, new pneumatic tyres for motorcycles (+4.1%) displayed positive paces of growth. Moreover, new pneumatic tyres for motorcycles emerged as the fastest-growing type exported in the world, with a CAGR of +4.1% from 2012-2022. From 2012 to 2022, the share of new pneumatic tyres for motorcycles increased by +9.3 percentage points.
In value terms, new pneumatic tyres for motorcycles ($2.2B) and new pneumatic tyres for bicycles ($1.4B) constituted the products with the highest levels of exports in 2022.
Among the main exported products, new pneumatic tyres for bicycles, with a CAGR of +5.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.
Export Prices By Type
In 2022, the average motorcycle or bicycle tyre export price amounted to $9.8 per unit, picking up by 19% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 70%. As a result, the export price attained the peak level of $12 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by the product type; the product with the highest price was new pneumatic tyres for motorcycles ($18 per unit), while the average price for exports of new pneumatic tyres for bicycles stood at $5.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by bicycle tire (+6.1%).
Export Prices By Country
In 2022, the average motorcycle or bicycle tyre export price amounted to $9.8 per unit, with an increase of 19% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 70% against the previous year. As a result, the export price attained the peak level of $12 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($21 per unit), while Sri Lanka ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for motorcycle or bicycle tyre. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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China dominates in the global tyres for motorcycles or bicycles trade. In 2014, China exported X million units of tyres for motorcycles or bicycles totaling X million USD, X% over the previous year. Its primary trading partner was Nigeria, where
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
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Despite a rather deep plunge in exports in 2014, Japan remained the leader in the global tyres for agriculture trade. In 2014, Japan exported X million units of tyres for agriculture totaling X billion USD, X% under the previous year. Its primary tr