Market Insights

As per recent research by MarkNtel Advisors, The Brazil Two-wheeler Tire Market is projected to grow at a CAGR of around 4.93% during the forecast period, i.e., 2023-28.

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Key Driver: Rising Inclination of Residents Toward the Adoption of Electric Vehicles in Brazil

Growing urbanization & industrialization activities, combined with the significant increase in vehicle traffic in Brazil, has led to the degradation of its environment. This increased concerns amongst the government & e-mobility service providers to limit the CO2 emission & promote sustainable living by driving innovations in the manufacturing of fuel-efficient or alternative vehicles in the country.

Therefore, to minimize carbon emissions, the Environment Ministry of Brazil, in 2021, announced to reduce the emissions by over 50% by 2030. In response, this escalated the necessity in the country for an electric two-wheeler, thereby increasing the demand for tires in Brazil.

Market Segmentation and Consumer Behavior:

By Type of Two Wheeler

• Scooter & Moped

  • Electric

  • IC Engine

• Motorcycle

  • Electric

  • IC Engine

By Engine Power

• Up to 50 CC

• 51 to 160 CC

• 161 to 300 CC

• 301 to 449 CC

• Above 450 CC

• Electric

By Tire Size

• Front

  • 80/100-18

  • 60/100-17

  • 90/90-19M/C

  • 60/100-17M

  • Others (110/70-16 52p, 110/70 - 13M/C, etc.)

• Rear

  • 90/90 -18

  • 80/100 – 14

  • 110/90 -17M/C

  • 80/100 - 14M

  • Others (130/70-16 61p, 90/80 - 14M/C 49P, etc.)

By Type of Tire

• Bias

• Radial

By Demand Type

• OEM

• Replacement

By Sales Channel

• Online

• Multi-brand Stores

  • Local Tire Dealers

  • Hypermarkets

  • Supermarkets

• Exclusive Outlets

By Best Selling 2W Models

• Honda CG 160

• Honda BIZ

• Honda Pop 110I

• Honda NXR 160

• Yamaha Crosser 150

• Others (Honda XRE 300, Yamaha NMAX, etc.)

By Geography

• Urban

• Rural

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Brazil Two-wheeler Tire Market Geographical Analysis:

By State:

• North

  • Pará

  • Amazonas

  • Rondônia

  • Others

• Northeast

  • Ceará

  • Pernambuco

  • Bahia

  • Maranhão

  • Others

• Southeast

  • São Paulo

  • Minas Gerais

  • Others

• South

  • Paraná

  • Rio Grande do Sul

  • Others

• Center-West

  • Mato Grosso

  • Goiás

  • Others

Key Players and Competitive Strategies in the Brazil Two-wheeler Tire Market

Several prominent players dominate the Brazil Two-wheeler Tire Market, including:

• Michelin

• Bridgestone

• Pirelli

• Maggion Industrias de Pneus e Máquinas LTDA.

• Borilli

• Rinaldi

• Pneus Technic

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Questions Addressed in this Study

1.What factors are driving the Brazil Two-wheeler Tire Market growth?

2.How is the Brazil Two-wheeler Tire Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Brazil Two-wheeler Tire Market?

4.What is the current size of the Brazil Two-wheeler Tire Market, and how is it projected to change in the future?

5.What is the future outlook for the Brazil Two-wheeler Tire Market in terms of technological advancements and market expansion?

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