1 Global Motorcycle Tires Market Outlook
The global Motorcycle Tires market is projected to exhibit substantial growth in the coming years, with a CAGR of 5.3% from 2024 to 2033, reaching a total market size of $8715.39 million USD in 2024. A motorcycle tire is the outer part of motorcycle wheel, attached to the rim, providing traction, resisting wear, absorbing surface irregularities, and allowing the motorcycle to turn via countersteering. The two tires’ contact patches are the motorcycle’s connection to the ground, and so are fundamental to the motorcycle’s suspension behavior, and critically affect safety, braking, fuel economy, noise, and rider comfort.
Figure Global Motorcycle Tires Market Size and Growth Rate (2024-2033)
2 Motorcycle Tires Market Growth Drivers and Constraints
The motorcycle tire industry is primarily driven by the advantages of motorcycles as a means of transportation, particularly in terms of economic benefits and the ability to navigate difficult terrains, which makes them ideal for travel, tourism, and leisure activities.Especially in Southeast Asian countries such as India, China, and Vietnam, due to complex terrain and narrow roads, motorcycles have become a more popular means of transportation than cars, thus driving the growth of the motorcycle market and motorcycle tire sales. Additionally, the industry is experiencing growth due to the increased demand for motorcycle racing and adventure activities, which are particularly appealing to younger consumer groups who are drawn to the thrill and adventure associated with motorcycles. This demand is further fueled by popular motorcycle events such as the World Motorcycle Championship (Moto GP), the World Superbike Championship (WSBK), and the Isle of Man TT races, which have a global appeal and contribute to the cultural significance of motorcycles.
3 Global Motorcycle Tires Market Analysis by Type
In 2024, the global motorcycle tire market is anticipated to exhibit significant growth, with the market value projected to reach $8,715.39 million USD, as per the forecast in section 9.1 of the report . This figure represents a substantial increase from the previous years and is underpinned by the growing demand for motorcycles as a mode of transportation, leisure, and adventure activities. The value market share for 2024 is expected to be distributed between different types of motorcycle tires, with radial and bias tires continuing to hold significant portions of the market. The radial tires are projected to have a market value of $4,587.86 million USD, apturing a market share of approximately 52.64%, while bias tires are forecasted to be valued at $4,127.53 million USD, securing a market share of around 47.36%. These estimates reflect the industry’s ongoing evolution and the preferences of consumers for different Types of Motorcycle Tires, which cater to various riding conditions and motorcycle types. The growth in the motorcycle tire market is also influenced by factors such as technological advancements in tire manufacturing, increased demand for electric motorcycles, and the need for tire replacement due to wear and tear, which drives the aftermarket segment. Collectively, these elements contribute to the market’s expansion and the anticipated value for 2024.
Table Global Motorcycle Tires Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Bias Motorcycle Tires | 4127.53 | 52.64% |
Radial Motorcycle Tires | 4587.86 | 47.36% |
4 Global Motorcycle Tires Market Analysis by Application
In 2024, the global motorcycle tire market is forecasted to exhibit continued growth with an estimated market value of $8,715.39 million USD. This value represents a significant portion of the overall tire market, with motorcycles, high-performance cars, and OTR tires being key drivers of this growth. The market share for electric motorcycles is projected to increase, reflecting the rapid expansion of the electric vehicle sector and the demand for specialized tires. The value market share for electric motorcycles in 2024 is anticipated to be 15.28%, which is expected to generate a revenue of $1331.90 million, while gas motorcycles are expected to hold a dominant share of 84.72%, which is expected to generate a revenue of $7383.49 million. This distribution underscores the prevalent use of gas motorcycles, although the electric segment is gaining traction. The growth in the motorcycle tire market is influenced by factors such as technological advancements, market dynamics, and the increasing demand for electric motorcycles, which offer economic, performance, and environmental benefits.
Table Global Motorcycle Tires Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Electric Motorcycle | 1331.90 | 15.28% |
Gas Motorcycle | 7383.49 | 84.72% |
5 Global Motorcycle Tires Market Analysis by Region
In 2024, the global Motorcycle Tires market revenue by region demonstrated a significant distribution. ASEAN was estimated to generate a revenue of $2256.35 million, holding a market share of 25.89%. India followed with a revenue of $1663.31 million, capturing a 19.08% market share. The North America contributed $2256.35 million in revenue, securing a 8.70% market share. Europe and the Middle East contributed $364.30 million and $242.42 million in revenue, respectively, with market shares of 4.18% and 2.78%. These figures underscore the varying contributions of each region to the overall Motorcycle Tires market revenue in 2024.
Figure Global Motorcycle Tires Market Share by Region in 2024
6 Top 3 Companies of Global Motorcycle Tires Market
6.1 Michelin
Company Introduction and Business Overview:
Michelin, the leading mobility company, is dedicated to enhancing its customers’ mobility, and sustainably; designing and distributing the most innovative tires, services and solutions for its customers’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries.
Products Offered:
ICHELIN® COMMANDER III CRUISER as their latest offering designed for all types of V-Twin Cruisers. This tire boasts exceptional wet grip for cruiser bikes and delivers performance without compromise. It features MICHELIN Premium Touch Design® and MICHELIN Aramid Shield Technology®, which enhance the tire’s durability and safety. The COMMANDER III CRUISER has been recognized as the best Cruiser tire by Motorrad, a prestigious endorsement that speaks to its high quality and performance standards.
Production Value in 2024:
In 2024, Michelin’s production value in the motorcycle tire segment was notably significant, amounting to USD 995.66 million. This substantial value underscores Michelin’s strong market presence and contribution to the global motorcycle tire industry, reflecting their continued leadership and the performance of their premium tire products in the market.
6.2 Bridgestone Corporation
Company Introduction and Business Overview:
The Bridgestone Corporation, established in 1931 and headquartered in Japan, stands as the world’s largest manufacturer of tire and rubber products, including industrial materials and sporting goods. The corporation’s core business encompasses tires and tubes for a range of vehicles from passenger cars to aircraft, as well as tire-related products and raw materials. Beyond tires, Bridgestone has expanded into solution businesses that offer high added value by utilizing tires and tire data, retail/service solutions, and mobility solutions. The diversified business of Bridgestone also extends to chemical products, building materials, sports goods, bicycles, and financial services.
Products Offered:
Bridgestone’s product introduction highlights their latest premium high-grip radial tires, which are designed to deliver excellent dry handling, grip, and stability. These tires feature a least grooved tread pattern with a 3D groove shape to enhance tread rigidity, and a slick-like tread pattern that also adopts 3D grooves for the same purpose. Recognized for their high performance, these tires combine stability and controllability, making them a preferred choice by major motorcycle brands as standard fitment on their high-end models. The RACING STREET RS10, in particular, has been acknowledged for its ability to extract every bit of performance from supersports bikes, making it suitable for riders who seek a balance between sporty high kinetic performance on dry roads and the enjoyment of riding over a wide range of conditions, from racing tracks to winding roads.
Production Value in 2024:
For the year 2024, Bridgestone Corporation achieved a significant production value in the motorcycle tire segment, amounting to approximately USD 890.01 million. This substantial value reflects the company’s strong performance and market position within the global motorcycle tire industry, highlighting its continued growth and financial success in the year 2024.
6.3 Continental Corporation
Company Introduction and Business Overview:
Since its foundation in Hanover, Germany in 1871, Continental has been developing pioneering technologies and services for sustainable and connected mobility of people and their goods. From a small factory in Hanover the company has developed into one of the global players in the automotive industry, which is now operating in 58 countries and markets. Continental is the oldest independent and also one of the largest tire manufacturers in the world.
Products Offered:
Continental Corporation’s motorcycle tire product introduction features the new ContiSportAttack 4, which was tested by MOTORRAD MAGAZIN in their sport tire test for the KTM 790 Duke in sizes 120/70 ZR 17 and 180/55 ZR 17. The tire received top marks across various performance metrics: it achieved a perfect score for cold grip, warm grip, warm-up, handling, and trust in extreme lean angles for both front and rear tires. It also excelled in wet and dry braking, earning a 9 out of 10, and provided a comfortable ride with a self-dumping rating of 7 out of 10. These results underscore the ContiSportAttack 4’s superior performance and handling capabilities, making it a top choice for riders seeking high-performance sport tires.
Production Value in 2024:
Continental Corporation registered a considerable production value in the motorcycle tire market, reaching around USD 471.86 million in 2024. This figure signifies the company’s substantial impact within the sector and its ongoing expansion, showcasing a robust financial performance for that particular year.