Updated Sep 27, 2022 13:44

Market for Motorcycle or Bicycle Tyre in the United States

Market Overview
The U.S. motorcycle or bicycle tyre market dropped dramatically to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a noticeable slump. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre production shrank dramatically to $ in . Overall, production showed a slight shrinkage. The most prominent rate of growth was recorded in when the production volume increased by %. As a result, production reached the peak level of $, and then shrank significantly in the following year.


Consumption
In , approx. units of tyres for motorcycles or bicycles were consumed in the United States; with a decrease of -% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Motorcycle or bicycle tyre consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.

The value of the motorcycle or bicycle tyre market in the United States fell slightly to $ in , almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible curtailment. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for motorcycle or bicycle tyre in the United States, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
The United States remains a net importer of motorcycle or bicycle tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.