The latest report by MarkNtel Advisors, titled “Singapore Two-Wheeler Tire Market Report By Vehicle Type (Scooter & Moped, Motorcycle), By Demand Type (OEMs, Replacement), By Tire Type (Radial, Bias), By Price Category (Budget(Up to USD 11 Per Unit), Economy (USD 12 to 30 Per unit), Premium (Above USD 30 Per Unit)), By Sales Channel (Online, Multi-brand Stores, Exclusive Stores), By Tire Size, (100/90-14, 180/55-17, 120/70-17, 2.75-18, Others (80/90-16, 190/55-17, etc.)), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Singapore Two-Wheeler Tire Market research report.
What is the market outlook for Singapore Two-Wheeler Tire?
The Singapore Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 13.43% during the forecast period 2024-30.
For an in-depth analysis, you can request a sample copy of the report: https://www.marknteladvisors.com/query/request-sample/singapore-two-wheeler-tire-market.html
Major Companies Operating in the Singapore Two-Wheeler Tire Industry:
Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Kenda Tyres, and Others
Singapore Two-Wheeler Tire Market Report Segmentation:
By Vehicle Type
-Scooter & Moped
-Motorcycle
By Demand Type
-OEMs
-Replacement
By Tire Type
-Radial
-Bias
By Price Category
-Budget (Up to USD 11 Per Unit)
-Economy (USD 12 to 30 Per unit)
-Premium (Above USD 30 Per Unit)
By Sales Channel
-Online
-Multi-brand Stores
-Exclusive Stores
By Tire Size
-100/90-14
-180/55-17
-120/70-17
-2.75-18
-Others (80/90-16, 190/55-17, etc.)
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/singapore-two-wheeler-tire-market.html
Regional Insights:
-North
-Central
-South
Singapore Two-Wheeler Tire Market Trend: Increasing Inclination Towards Sustainable Two-Wheeler Tires
The escalating CO2 emissions in Singapore due to the rapid increase in on-road vehicles have prompted governments and two-wheeler manufacturers such as Honda, Yamaha, and Suzuki to prioritize sustainability initiatives. Consequently, governmental bodies & two-wheeler manufacturers in the Asia-Pacific countries, including Singapore, are shifting towards embracing sustainable tires.
Moreover, recognizing the growing demand for sustainable tires, companies like Nexen Tire, Linglong Tires, Michelin, etc., are introducing their sustainable tire portfolios in the region to tap into emerging revenue opportunities. These eco-friendly two-wheeler tires are engineered with reduced rolling resistance, enhancing energy efficiency and lowering fuel consumption.
Furthermore, a heightened awareness of environmental concerns and the imperative to curb carbon emissions and ecological footprint is expected to drive the adoption of sustainable tires, even among electric two-wheeler manufacturers. Consequently, the demand for sustainable tires is poised to witness a significant surge in the coming years.
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