Competitive prices gradually increase the acceptance of Chinese tires in the North American market. In the future, Chinese brands can take a larger share. Of the high-end product market, further improving their image reputation and product quality.
2. European market: Opportunities As Chinese
Market overview: The European market is focused. On environmental protection and high-performance tires, and consumers are willing. To pay higher prices for quality products. Germany, France, and the UK are the main consumer markets. According to Market Research Future, the motorcycle tire market size in Europe is around US$600 million in 2023 and is expected to grow. To US$900 million by 2028, with a CAGR of 7.1%.
Opportunities: Chinese brands can improve
The market competitiveness of their products through certification and environmental protection. Technologies, especially in the field of low carbon and sustainable development. To meet the needs of the European market.
3. Asia Pacific Market:
Market Overview: The Asia Pacific region is one of the regions where motorcycles are widely used, especially in Southeast Asian malaysia number data countries such as Indonesia, Thailand, and Vietnam where motorcycles are the main means of transportation. According to Frost & Sullivan, the motorcycle tire market size in the Asia Pacific region is around US$ 1.5 billion in 2023 and is expected to grow to US$ 2.3 billion by 2028, with a CAGR of 9.5%.
Opportunities: With economic development and increasing
Consumer purchasing power, the demand for motorcycle tires in the Asia Pacific market continues to grow. Chinese brands can jeff kennedy president/ceo quickly occupy the market by providing cost-effective products.
4. South American Market: Opportunities As Chinese
Market Overview: The South American market, especially Brazil and Argentina, has a strong demand for motorcycle tires, which are the primary means of transportation for many families.
According to IBISWorld, the motorcycle
Tire market size in South America is around $200 million in 2023 and is expect to reach $350 million by 2028, with a CAGR of 9.2%.
>Opportunities: The South American market is tg phone list price sensitive, and Chinese brands can leverage the advantages of price and reliable quality to quickly expand their market share.