As of 2023, the UK imported new pneumatic tyres of rubber for motorcycles valued at 33.21 million US dollars. The forecast from 2024 to 2028 indicates a gradual decline, with values expected to decrease from 32.81 million US dollars in 2024 to 31.199 million US dollars in 2028. This represents a consistent annual decrease of approximately 1% culminating in a compound annual growth rate (CAGR) of -1.23% from 2023 to 2028.
Future trends to watch include:
- Potential changes in consumer preferences towards electric motorcycles, impacting tyre demand.
- Technological advancements in tyre durability and performance influencing market dynamics.
- Regulatory developments that might affect import tariffs or environmental standards.
- Economic factors such as currency fluctuations and global trade relationships impacting costs.