Brazil Two-wheeler Tire Market: In-Depth Analysis and Forecasts for 2023-2028
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Brazil Two-wheeler Tire Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Brazil Two-wheeler Tire Market: 2023-2028
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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What are the primary factors driving the growth of the Brazil Two-wheeler Tire Market?
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:
The Brazil Two-wheeler Tire market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type of Two Wheeler
- Scooter & Moped
- Electric
- IC Engine
- Motorcycle
- Electric
- IC Engine
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
Geographical Analysis into the Brazil Two-wheeler Tire Market:
The Brazil Two-wheeler Tire market is categorized based regional:
- 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 and Brazil Two-wheeler Tire Market Share Analysis:
The competitive landscape of the Brazil Two-wheeler Tire Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Michelin
- Bridgestone
- Pirelli
- Maggion Industrias de Pneus e Máquinas LTDA.
- Borilli
- Rinaldi
- Pneus Technic
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Questions Addressed in this Study
- What factors are driving the Brazil Two-wheeler Tire Market growth?
- How is the Brazil Two-wheeler Tire Market expected to grow over the next five years?
- What are the key insights into the current trends in the Brazil Two-wheeler Tire Market?
- What is the current size of the Brazil Two-wheeler Tire Market, and how is it projected to change in the future?
- What is the future outlook for the Brazil Two-wheeler Tire Market in terms of technological advancements and market expansion?
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