Global Motorcycle Tires Market 2017-2021

Overview of the global motorcycle tires market

Issues with tires such as low tire pressure, greatly impact the motorcycle's performance and fuel efficiency. This is inducing tire manufacturers to increasingly focus on the development of high quality tires that will comply with the stringent fuel economy norms. Additionally, they are also focusing on reducing the rolling resistance to improve the durability of the tire. This in turn, is encouraging the middle-class population in emerging markets to spend more on commuter motorcycles. According to our market research analysis, the increasing demand for motorcycles in APAC will be one of the major factors that will have a positive impact on the growth of the motorcycle tires market in the coming years. India, China, and Indonesia are the largest markets for motorcycles in APAC. With the increase in the income of people, the coming years will witness an increase in the purchase of motorcycles in this region. This in turn, will drive the need for motorcycle tires, fueling market growth. Technavio's market research analysts predict that this market will grow at a CAGR of more than 4% by 2021.

Motorcycle tire manufacturers are offering self-inflating tires (SIT) on some selected models of premium motorcycles. The adoption of these tires will enable riders to inflate the tires and can have the correct tire pressure, which helps in minimizing the overall surface contact, lowering the rolling resistance, improving fuel efficiency and balance, and in reducing accidents. According to our analysts, the growing popularity of self-inflating tires will be one of the key trends that will gain traction in the motorcycle tires market during the next few years.