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 Overview
Maximize Market Research's new report on the Global Bicycle Tires Market 2023-2029 is a valuable resource for understanding the market's competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Bicycle Tires market.
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Bicycle Tires Market Scope
The report focuses on the key factors that are driving and restraining the growth of the Bicycle Tires market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.
The report also includes company profiles of the key players in the Bicycle Tires market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.
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
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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Bicycle Tires Market Regional Analysis
The global Bicycle Tires Market's growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Bicycle Tires market.
Key Questions answered in the Bicycle Tires Market Report are:
- What are the Bicycle Tires market segments?
- What are the global trends in the Bicycle Tires Market?
- What are the major challenges that the Bicycle Tires Market could face in the future?
- How is the intervention from regulatory authority shaping the Bicycle Tires Market?
- Who are the Bicycle Tires key players in the industry?
- What growth strategies are the players considering to increase their presence in Bicycle Tires Market?
- Which region held the largest Bicycle Tires market share in 2022?
- Which regional Bicycle Tires market is expected to grow rapidly during the forecast period?
Key offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Recommendations
- Key Findings
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