How Big is the Brazil Two-wheeler Tire Market?
The Brazil Two-wheeler Tire Market is projected to grow at a CAGR of around 4.93% in terms of units sold during the forecast period, 2023-28. The factors responsible for the market growth are rising disposable income combined with the inclination of the residents towards the procurement of personalized vehicles for improved mobility made a significant contribution to the demand for two-wheeler tires from replacements OEMs in the historical years. Moreover, the growing popularity of e-commerce among the residents has notably contributed to the demand for two-wheelers with service providers, including Rappi, Cornershop, and iFood, among others. Hence, this is anticipated to escalate the demand for two-wheeler tires in the forthcoming years.
Market Statistics
- Market Growth Rate (CAGR): 4.93% from 2023-2028
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Brazil Two-wheeler Tire Market Insight:
Driver-
Rising Inclination of Residents Toward the Adoption of Electric Vehicles in Brazil
Growing urbanization industrialization activities, combined with the significant increase in vehicle traffic in Brazil, has led to the degradation of its environment. This increased concerns amongst the government e-mobility service providers to limit the CO2 emission promote sustainable living by driving innovations in the manufacturing of fuel-efficient or alternative vehicles in the country.
Therefore, to minimize carbon emissions, the Environment Ministry of Brazil, in 2021, announced to reduce the emissions by over 50% by 2030. In response, this escalated the necessity in the country for an electric two-wheeler, thereby increasing the demand for tires in Brazil.
Brazil Two-wheeler Tire Market Segmentation:
The report has segmented the market into the following categories:
By Type of Two Wheeler
- Scooter Moped
- Electric
- IC Engine
- Motorcycle
- Electric
- IC Engine
Among them, Scooters Mopeds held a considerable growth rate during the historical period, owing to the surge in e-mobility services across the country fulfilled by the presence of service providers such as Uber Ride. The intention to serve the traveling requirements of the increasing number of tourists in the country has majorly contributed to the market growth.
By Engine Power
- Up to 50 CC
- 51 to 160 CC
- 161 to 300 CC
- 301 to 449 CC
- Above 450 CC
- Electric
By Tire Size
- Front
- 80/100-18
- 60/100-17
- 90/90-19M/C
- 60/100-17M
- Others (110/70-16 52p, 110/70 - 13M/C, etc.)
- Rear
- 90/90 -18
- 80/100 – 14
- 110/90 -17M/C
- 80/100 - 14M
- Others (130/70-16 61p, 90/80 - 14M/C 49P, etc.)
By Type of Tire
- Bias
- Radial
By Demand Type
- OEM
- Replacement
By Sales Channel
- Online
- Multi-brand Stores
- Local Tire Dealers
- Hypermarkets
- Supermarkets
- Exclusive Outlets
By Best Selling 2W Models
- Honda CG 160
- Honda BIZ
- Honda Pop 110I
- Honda NXR 160
- Yamaha Crosser 150
- Others (Honda XRE 300, Yamaha NMAX, etc.)
By Geography
- Urban
- Rural
By State
- North
- Pará
- Amazonas
- Rondônia
- Others
- Northeast
- Ceará
- Pernambuco
- Bahia
- Maranhão
- Others
- Southeast
- São Paulo
- Minas Gerais
- Others
- South
- Paraná
- Rio Grande do Sul
- Others
- Center-West
- Mato Grosso
- Goiás
- Others
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Competitive Landscape:
- Michelin
- Bridgestone
- Pirelli
- Maggion Industrias de Pneus e Máquinas LTDA.
- Borilli
- Rinaldi
- Pneus Technic.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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