Press Release

Latin America Two-Wheeler Tire Market to Grow with a CAGR of 4.58% through 2030

Rising motorcycle ownership for personal mobility, growing replacement demand due to poor road conditions, and increasing penetration of affordable two-wheeler tires are the factors driving the market in the forecast period 2026–2030.

 

According to TechSci Research report, “Latin America Two-Wheeler Tire Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”, The Latin America Two-Wheeler Tire Market was valued at USD 633.75 Million in 2024 and is expected to reach USD 829.11 Million by 2030 with a CAGR of 4.58% during the forecast period.  

The Latin America two-wheeler tire market is undergoing a structural transformation driven by expanding regional manufacturing capacity, evolving consumer preferences, and increasing integration of two-wheelers into commercial ecosystems. Unlike in previous years where demand was largely consumption-driven, current market dynamics reflect an ecosystem shaped by policy shifts, infrastructure development, and the formalization of two-wheeler-based services. Tire manufacturers are tapping into local production efficiencies and leveraging regional trade agreements to serve domestic and export markets with reduced logistical costs and faster turnaround times. Growth is being amplified by the growing popularity of mid-engine motorcycles (126–250cc), which demand higher-performance tire options and frequent replacements due to their increased use in varied terrains.

The surge in motorcycle leasing models and subscription-based ownership is also influencing tire consumption patterns, particularly in urban centers where two-wheelers are now integrated into shared mobility fleets. Parallelly, climate considerations and rising energy costs have led to a slow but noticeable shift toward electric two-wheelers, prompting innovation in low-resistance and long-wear tire designs. Public and private investments in rural road connectivity and feeder transport systems have broadened the operational scope for two-wheelers, stimulating consistent tire demand even outside metro regions. This evolving operational environment is redefining product lifecycle expectations, performance requirements, and distribution frameworks across the Latin American two-wheeler tire market.

 

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Latin America Two-Wheeler Tire Market Is Segmented by Vehicle Type, Demand Category, Tire Construction Type, and Country.

​In 2024, the replacement segment recorded the fastest growth in the Latin America two-wheeler tire market by demand category. The increasing age of two-wheeler fleets, frequent tire wear due to poor road conditions, and rising daily usage for commuting and commercial purposes contributed to a higher replacement cycle. Growth in the pre-owned motorcycle market further supported tire replacements, as older vehicles often require immediate or frequent tire changes. Expansion of the tire retail and service network across urban and semi-urban zones made it easier for users to access replacement options. Consumers showed growing awareness of tire performance and safety, leading to more proactive maintenance behavior. The adoption of tubeless and long-life tires within the replacement segment continued to gain traction, with users seeking low-maintenance and cost-effective solutions suited to high-frequency usage patterns.

Among the countries analyzed, Mexico registered the fastest growth in the two-wheeler tire market in 2024. The rise in motorcycle ownership among delivery personnel, gig workers, and urban commuters created steady demand for tire replacements. Increased two-wheeler usage in e-commerce logistics and food delivery applications led to higher mileage and faster tire wear. Expansion of retail channels and better tire service accessibility helped drive replacement volumes. Consumer inclination toward fuel-efficient and durable tire options also supported rapid market development in the country.


Major Market Players Operating in Latin America Two-Wheeler Tire Market Are:

  • Bridgestone Americas, Inc.
  • Rinaldi S/A Industria de Pneumaticos
  • Pirelli & C. S.p.A.
  • Michelin Group
  • Continental AG
  • Maxxis International GmbH
  • Maggion Industrias de Pneus e Maquinas Ltda
  • Pneus Technic
  • Kenda Rubber Industrial Co. Ltd.
  • Borilli Group

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“The Latin America two-wheeler tire market is evolving rapidly, and what’s fascinating is how it’s being shaped not just by rising vehicle numbers but by how people are actually using these bikes. We’re seeing more motorcycles on the road for deliveries, ride-hailing, and even shared mobility, and that means more frequent tire replacements and a growing preference for durable, low-maintenance solutions. What’s also interesting is the way affordability plays into consumer choices—whether it’s a commuter in Mexico or a rider in Colombia, value and reliability are at the center of every purchase decision. The shift toward better road connectivity and expanding access to tire service networks is creating a more mature and responsive aftermarket, and that’s unlocking a lot of growth potential across the region.”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Latin America Two-Wheeler Tire Market – Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Demand Category (OEM, Replacement), By Tire Construction Type (Radial, Bias), By Country, By Competition, 2020-2030F”, assesses the market's future growth potential and provides data on market size, trends, and forecasts. It aims to offer comprehensive market insights, helping decision-makers make informed investment choices. The report also highlights emerging trends, key drivers, challenges, and opportunities in the Latin America Two-Wheeler Tire Market.

 

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Latin America Two-Wheeler Tire Market – Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Demand Category (OEM, Replacement), By Tire Construction Type (Radial, Bias), By Country, By Competition, 2020-2030F

Automotive | Jul, 2025

Rising motorcycle ownership for personal mobility, growing replacement demand due to poor road conditions, and increasing penetration of affordable two-wheeler tires are the factors driving the market in the forecast period 2026–2030.

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