A recent research study by MarkNtel Advisors, a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals, cited that 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 The report methodically analyses several aspects that have influenced the market dynamics in the past few years.
Apart from this, the probable factors, based on primary & secondary research, which shall shape the Brazil Two-wheeler Tire Market landscape in the future have also been included in the study to make stakeholders well-versed with the industry and help them stay ahead of their competitors. Moreover, to ensure that the analysis is accurate & precise, our analysts deeply examine the recent market patterns as well as historical milestones to project lucrative prospects while facilitating exponential growth for businesses.
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Key Trends in the Market: Thriving Ride-sharing Platform in the Nation to Surge the Demand for Two-wheeler Tires
Brazil is a premier destination for tourists, attracting millions of tourists annually. According to the Organization for Economic Co-operation and Development (OECD), Brazil served over 6.6 million tourists in 2018. This certainly increased the demand for ride-sharing services in the region to support the burgeoning travel requirement of tourists as well as residents at a competitive cost. Furthermore, the growing need for economical mobility needs due to a rise in economic activities has notably boosted the demand for ride-sharing platforms, with indigenous players, such as Mottu & Yellow, being the major operators in the market.
Besides, with the increasing dominance of sustainable traveling alternatives adopted by the residents, the country saw a notable increase in the demand for two-wheelers to cater to emerging mobility needs. Hence, these growth factors are expected to positively influence the growth of the Brazil Two-wheeler Tire market in the forthcoming years.
Key Offerings from the Brazil Two-wheeler Tire Market Research Report:
- Estimated CAGR of the Brazil Two-wheeler Tire Marketduring 2023-28.
- Detailed insights into factors expected to drive and challenge the growth of the Brazil Two-wheeler Tire Marketin the coming years
- Precise estimation of the size of the Brazil Two-wheeler Tire Market
- Accurate predictions about upcoming trends in the Brazil Two-wheeler Tire Marketand changes in consumer behavior
- Growth of the Brazil Two-wheeler Tire Marketacross different
- An in-depth analysis of the Brazil Two-wheeler Tire Market’s competitive dynamics and detailed information about key vendors
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Competitive Benchmarking in the Brazil Two-wheeler Tire Market
The prominent players profiled in the Brazil Two-wheeler Tire Market are
-Michelin
-Bridgestone
-Pirelli
-Maggion Industrias de Pneus e Máquinas LTDA.
-Borilli
-Rinaldi
-Pneus Technic
Each company operating in this industry is vetted based on their products’ values, abilities, and other significant characteristics. The study also covers numerous mergers & acquisitions, along with the recent products launched by these players, to familiarize the stakeholders with the most recent market trends.
How has the Brazil Two-wheeler Tire Market been segmented?
The report comprehensively analyses each high-performing segment, elucidating the factors contributing to their success and larger market share. It examines their significant impact on the Brazil Two-wheeler Tire Market regarding sales, expansion, job opportunities, and other crucial factors. Categorizing the components as follows:
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
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
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Key Questions Answered in Brazil Two-wheeler Tire Market Report:
- What are the growth projections for the Brazil Two-wheeler Tire Market during 2023-28?
- What are the different patterns, obstacles, & trends will affect the growth and scope of the Brazil Two-wheeler Tire Market?
- What are the critical opportunities for each segment & sub-segment enlisted in the Brazil Two-wheeler Tire Market research report?
- What are the primary growth tactics used by the leading participants operating in the Brazil Two-wheeler Tire Market?
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