The global Motorcycle Tires Market exhibited significant strength in 2020 and is projected to maintain a steady revenue CAGR throughout the forecast period. This growth can be attributed to key factors such as the overall increase in motorcycle sales and rising consumer demand.

Motorcycle tires are the outermost section of a motorcycle's wheels and are typically attached to the wheel rims. They provide traction and absorb surface irregularities while being durable enough to allow riders to turn the motorcycle through counter steering. As the final link between the motorcycle and the ground, front and rear tires must be designed and built in compliance with safety norms and codes. An ideal tire should conform to the bike's suspension behavior, offering a smooth ride while also ensuring braking, fuel economy, safety, and noise levels are optimal.

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The main function of front and rear motorcycle tires is to absorb shocks and impacts while riding on unfavorable surfaces, such as uneven, rough, or poorly maintained roads and tracks. Additionally, motorcycle tires are crucial in providing adequate traction on the road, enabling the motorcycle to be balanced and ridden in a comfortable manner.

Driving factors of Motorcycle Tires Market

1. Increase in overall motorbike sales
2. Rising demand from consumers
3. Growing popularity of motorbike racing and touring activities
4. Advancements in tire technology leading to improved durability and performance
5. Expansion of motorcycle tire manufacturing facilities in emerging economies
6. Government initiatives promoting motorcycle usage as a means of transportation
7. Increasing disposable income and changing lifestyles leading to higher demand for motorcycles and related products.

Some of the notable innovations in the Motorcycle Tires Market

1. Dual-compound tires: These tires feature different rubber compounds on the edges and the center of the tire, providing better grip and handling in corners while maintaining stability on straightaways.

2. Run-flat tires: These tires are designed to continue functioning even after a puncture or loss of pressure, allowing riders to safely reach their destination without having to stop and change the tire.

3. Tubeless tires: These tires eliminate the need for an inner tube, reducing the risk of punctures and providing better handling and stability.

4. Tires with embedded sensors: These tires can monitor various performance metrics such as temperature and pressure, allowing riders to adjust their driving habits and maintain optimal tire performance.

5. Airless tires: These tires do not require air and are made of materials such as rubber or plastic, providing improved durability and eliminating the risk of flats or blowouts.

Major Companies Profiled In The Report:

• Metro Tires Limited
• Continental Corporation
• Bridgestone Corporation
• Kenda Tires
• Michelin
• Dunlop
• MRF
• CEAT Ltd.
• Apollo Tires Ltd.
• Giti Tire Pte. Ltd.
• Cooper Tire and Rubber Company
• MITAS a.s
• PT Gajah Tunggal TBK
• Hankook Tire
• LEVORIN