Singapore Two-Wheeler Tire Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Singapore Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 2.1% during the forecast period, i.e., 2024-30. The Singapore Two-Wheeler Tire Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Singapore Two-Wheeler Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Singapore Two-Wheeler Tire Market drivers, barriers, Singapore Two-Wheeler Tire Market Trends, and Key Players in Singapore Two-Wheeler Tire Market.
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Singapore Two-Wheeler Tire Market Dynamics: 2024-2030
Singapore Two-Wheeler Tire Market Trend:
Increasing Inclination Towards Sustainable Two-Wheeler Tires – The escalating CO2 emissions in Singapore due to the rapid increase in on-road vehicles have prompted governments and two-wheeler manufacturers such as Honda, Yamaha, and Suzuki to prioritize sustainability initiatives. Consequently, governmental bodies & two-wheeler manufacturers in the Asia-Pacific countries, including Singapore, are shifting towards embracing sustainable tires.
Moreover, recognizing the growing demand for sustainable tires, companies like Nexen Tire, Linglong Tires, Michelin, etc., are introducing their sustainable tire portfolios in the region to tap into emerging revenue opportunities. These eco-friendly two-wheeler tires are engineered with reduced rolling resistance, enhancing energy efficiency and lowering fuel consumption.
Furthermore, a heightened awareness of environmental concerns and the imperative to curb carbon emissions and ecological footprint is expected to drive the adoption of sustainable tires, even among electric two-wheeler manufacturers. Consequently, the demand for sustainable tires is poised to witness a significant surge in the coming years.
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Singapore Two-Wheeler Tire Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Vehicle Type
-Scooter & Moped- Market Size & Forecast 2019-2030, Thousand Units
-Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
By Demand Type
-OEMs- Market Size & Forecast 2019-2030, Thousand Units
-Replacement- Market Size & Forecast 2019-2030, Thousand Units
By Tire Type
-Radial- Market Size & Forecast 2019-2030, Thousand Units
-Bias- Market Size & Forecast 2019-2030, Thousand Units
By Price Category
-Budget (Up to USD 11 Per Unit)- Market Size & Forecast 2019-2030, Thousand Units
-Economy (USD 12 to 30 Per unit)- Market Size & Forecast 2019-2030, Thousand Units
-Premium (Above USD 30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units
By Sales Channel
-Online- Market Size & Forecast 2019-2030, Thousand Units
-Multi-brand Stores - Market Size & Forecast 2019-2030, Thousand Units
-Exclusive Stores - Market Size & Forecast 2019-2030, Thousand Units
By Tire Size
-100/90-14- Market Size & Forecast 2019-2030, Thousand Units
-180/55-17- Market Size & Forecast 2019-2030, Thousand Units
-120/70-17- Market Size & Forecast 2019-2030, Thousand Units
-2.75-18 - Market Size & Forecast 2019-2030, Thousand Units
-Others (80/90-16, 190/55-17, etc.) - Market Size & Forecast 2019-2030, Thousand Units
By Region
-North
-Central
-South.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Singapore Two-Wheeler Tire Market:
Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Kenda Tyres, and Others.
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