Bicycle Tires Market is anticipated to reach US$ 1.97 Bn by 2029 from US$ 1.32 Bn in 2022 at a CAGR of 5.8% during a forecast period.
Bicycle Tires Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Bicycle Tires Market Overview:
The primary goal of this research is to assist the user in understanding the Bicycle Tires Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Bicycle Tires industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Bicycle Tires Market Segmentation:
Tubed tires, which make up around 57 percent of all bicycle tire sales, are anticipated to dominate the market overall in 2022. Due to its ease of installation and affordable assembly costs, tubed tires have been adopted over the years by a number of well-known bicycle manufacturers. Tube tires provide a high level of robustness and stability when riding due to the presence of hard, yet elastic rubber, enabling them to be used for prolonged periods of time. As a result, it is anticipated that the sector will continue to rule the market during the projection period.
As the need for tires that are more durable develops, tubeless tires are becoming more and more common. Due to the segment’s focus on more durable and puncture-resistant tires, it held 43% of the market in 2022. Increased installation costs and the requirement for spoke-less wheels on bicycles have both made tubeless tire usage difficult. The tubeless Grand Prix 5000 road tire from Continental was introduced in 2018 in response to the rising popularity of tubeless tires. It has a rolling resistance that is 13% lower than the previous model’s, a puncture resistance that is 20% higher, and is 10 grams lighter. Tubeless tires, puncture-resistant tires, and other innovations are thus anticipated to be key growth drivers for the industry over the projection period.
1 Global Bicycle Tires Market, by Type (2022-2029)
• Tubed Tires
• Tubeless Tires
• Airless Tires
2 Global Bicycle Tires Market, by Tire Size (2022-2029)
• Upto 12 inch
• 12 to 22 inches
. Above 22 inches
3 Global Bicycle Tires Market, by Application (2022-2029)
• On-Road Application
• All Terrain Application
4 Global Bicycle Tires Market, by Distribution Channel (2022-2029)
• Bicycle Tire Aftermarket
• Original Equipment Manufacturers (OEMS)
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Bicycle Tires Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Bicycle Tires market are
1. Cheng Shin Rubber Ind. Co. Ltd. (Cheng Shin Tire)
2. Trek Bicycle Corporation
3. Fyxation Bicycle Co.
4. Continental
5. Kenda Tires
6. Hutchinson
7. Suomi Tyres
8. MICHELIN
9. Vittoria Group
10.Kenda Tires
11.Maxxis International-USA
12.Schwalbe Tires North America Inc.
13.SUOMEN RENGASTEHDAS OY
14.Ralson Tyres
15.Zhongce Rubber Group Company Limited
16.Hwa Fong Rubber Ind. Co. Ltd.
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Regional Analysis:
The report focuses on Global Regions and Market Size of Bicycle Tires, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Bicycle Tires Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Bicycle Tires industry in 2021.
Key Questions Answered in the Bicycle Tires Market Report are:
- What is the function of Bicycle Tires?
- What is the predicted revenue generation of the Bicycle Tires market?
- At what growth rate is the Bicycle Tires market evolving?
- Who are the major market giants operating in the Bicycle Tires market?
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