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.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on "Latin America Two-Wheeler Tire Market"
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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