Future Projections for the Brazil Two-wheeler Tire Market: Trends, Size, and Demand Report

Markntel Advisors’ report, Brazil Two-wheeler Tire Research Report: Industry Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Brazil Two-wheeler Tire presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Brazil Two-wheeler Tire Market Industry Research Report Market Summary:

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.

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Brazil Two-wheeler Tire Market Dynamics:

Key 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 Analysis:

According to MarkNtel study the market is segmented 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.

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

Of them all, Bias tire gained a considerable share in the Brazil Two-wheeler Tire market in the historical years the trend is expected to continue during the forecast period.

By Demand Type

OEM
Replacement

Here, the replacement grabbed a considerable share in the Brazil Two-wheeler Tire market during the historical period.

By Sales Channel

Online
Multi-brand Stores
- Local Tire Dealers
- Hypermarkets
- Supermarkets
Exclusive Outlets

Among them, Multi-brand Stores dominate the Brazil Two-wheeler Tire market in the forecast years due to the availability of multiple brands with competitive pricing hundreds of product portfolios to choose from in multi-brand outlets contributed to a significant share of multi-brand stores in the Brazil Two-wheeler Tire Market.

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

Center-West.

As indicated in the latest market research report published by Markntel Advisors, “Brazil Two-wheeler Tire Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Brazil Two-wheeler Tire. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/brazil-two-wheeler-tire-market.html

Top Companies Operating in the Brazil Two-wheeler Tire Market:

Michelin
Bridgestone
Pirelli
Maggion Industrias de Pneus e Máquinas LTDA.
Borilli
Rinaldi
Pneus Technic.

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Key Report Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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