Motorcycle Tires Market grow at a CAGR of 4.39% during the period 2017-2021

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    Tires are made up of natural rubber or a combination of both natural and synthetic rubber. Motorcycle tires are an integral part of the vehicle, which help to maintain adequate grip, balance, safety and increases the ride comfort of the rider. The global motorcycle industry is broadly categorized into two segments, where one segment consists of high-performance motorcycles (considered as a luxury) and the other segment consist of two-wheelers used for commuting. Both these segments operate under contrasting market dynamics with different customer behavior and value chains. The premium segment is witnessing a steady growth owing to the growing culture of racing and touring motorcycling in mature markets, such as the US, Japan, and Western Europe. On the contrary, the commuter segment of the motorcycle industry is witnessing healthy growth rate offering high volumes, which is contributed by countries, such as India and China. These two countries account for over 75% of the global motorcycle market.

    MIR analysts forecast the global motorcycle tires market to grow at a CAGR of 4.39% during the period 2017-2021.

    Sample Copy of Report @: https://www.marketinsightsreports.com/reports/111656358/global-motorcycle-tires-market-2017-to-2021/inquiry                     

    The report covers the present scenario and the growth prospects of the global motorcycle tires market for 2017-2021. To calculate the market size, the report considers the global production units in millions.

    The market is divided into the following segments based on geography: 

    • Americas
    • APAC
    • EMEA

    MIR report, Global Motorcycle Tires Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

    Browse Full Report @: https://www.marketinsightsreports.com/reports/111656358/global-motorcycle-tires-market-2017-to-2021                         

    Key vendors:

    • Bridgestone
    • Continental
    • Dunlop (Goodyear)
    • Michelin

    Other prominent vendors:

    • Apollo Tyres
    • CEAT
    • JK Tyre & Industries
    • MRF
    • Pirelli
    • Giti Tire
    • Hankook Tire

    Market driver:

    • Increasing demand for motorcycles in APAC
    • For a full, detailed list, view our report

    Market challenge:

    • Increasing prices of raw materials
    • For a full, detailed list, view our report

    Market trend:

    • Increasing investments by manufacturers on smart tires
    • For a full, detailed list, view our report

    Key questions answered in this report

    • What will the market size be in 2021 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?

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