Scooter Tire Market Size, Share, and Trends Analysis Report, By Season Tire Type (Summer, Winter, and All-Season), By Rim Size (Below 12”, Between 12” to 15”, and Above 15”), and By Distribution Channel (OEM and Aftermarket) Forecast Period (2022-2028)

The global scooter tire market is anticipated to grow at a CAGR of 2.9% during the forecast period (2022-2028). In any vehicle, the tire is an essential and vital component. A tire surrounds the rim of the wheel and distributes the vehicle’s load from the axle to the ground through the wheel. On the surface over which the wheels travel, the scooter tire generates traction. Furthermore, a high-quality scooter tire ensures improved fuel efficiency, increased safety, and better braking adherence. Tires are additionally, important when it comes to absorbing shocks on an uneven route. Natural rubber, synthetic rubber, and various chemical compounds are used to make modern scooter tires. The market for scooter tires is expanding in response to the growing need for personal mobility, which is supporting the growth of the market during the period.

Some driving factors for the global scooter tire market are:

• The scooter tire industry is primarily driven by an increase in scooter sales and production. The industry is being fueled by high tire replacement rates due to heavy wear and tear and periodic replacement for improved safety.
• The market is being propelled by an increase in scooter tire development activities. The scooter tire industry is expanding due to an increase in the number of working females. Increased traffic congestion and limited parking space in cities are simultaneously are additionally, fueling the scooter and scooter tire market growth during the forecast period.
• The introduction of new goods brings with it a wide range of capabilities and higher quality standards, which boosts acceptance and accelerates the market growth. Furthermore, the new product’s debut enhances accuracy and functionality. For instance, in 2018, the TVS firm launched two new scooter tire types. The product’s debut was intended to provide a firm tire grip in both wet and dry situations.
• Automakers are continually on the lookout for independent tire manufacturers who can meet their needs and specifications. As a result, the number of agreements between the tire and car manufacturers has expanded in recent years. Maxxis, based in Taiwan, formed a cooperation with Hero MotoCorp and Yamaha to sell scooter tires in 2019. Maxxis additionally, has a similar partnership with Honda Motorcycle and Scooter in India.

Some major players in the market include CEAT Ltd., Michelin, Pirelli & C. S.p.A., JK Tyre & Industries, and MRF, among others. The market players are additionally, contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance,

• In February 2022, Michelin introduced the Michelin City Extra, a new commuter tire for scooters, step-throughs, and small motorcycles, featuring fitments for scooters, step-throughs, and small motorbikes.
• In May 2021, TVS Srichakra Ltd. entered the European market with a new line of Euro grip two-wheeler tires designed specifically for European riders. The first product released is “Euro grip Bee Connect” scooter tires, which come in a variety of sizes.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Season Tire Type
  • By Rim Size
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- CEAT Ltd., Michelin, Pirelli & C. S.p.A., JK Tyre & Industries, MRF, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Scooter Tire Market Report by Segment

By Season Tire Type

• Summer
• Winter
• All-Season

By Rim Size

• Below 12”
• Between 12” to 15”
• Above 15”

By Distribution Channel

• OEM
• Aftermarket

Global Scooter Tire Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa