Bicycle Tire Market Report Overview:
According to the research, the Bicycle Tire market is expected to grow at a rapid pace during the forecast period. The report provides a comprehensive analysis of the Bicycle Tire industry, shedding light on its astructure.
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Bicycle Tire Market Report Scope and Research Methodology:
The Bicycle Tire market report was developed using primary and secondary research methods. The primary research involved surveys and interviews with industry experts, while the secondary research involved collecting data from industry publications, government reports, and other sources.
The report provides a region-wise, segment-wise, and sub-segment-wise analysis of the Bicycle Tire market dynamics, market size, market share, and key players. It also includes a list of Bicycle Tire key competitors in the industry, along with their revenue, financial status, product portfolio, investments, mergers, acquisitions, and joint ventures. SWOT analysis was used to identify the strengths and weaknesses of the key players, as well as the opportunities and threats facing the Bicycle Tire industry. The bottom-up approach was used to estimate the Bicycle Tire market size.
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Bicycle Tire Market Dynamics:
A bicycles tire is a tire that fits on the cycle’s rim and is manufactured by carcass, beads, and tread. Tires provide required forces for balancing and turning and are the important source of suspension. Two types of bicycle tires are available in the market i.e. tubed and tubeless. Bicycle tires are high in demand because of improved rolling resistance, better friction on smooth and rough terrain, increased load-bearing capacity, and longer life. Increased pollution rate and health benefits of cycling are the main factors attributing to the growth of the bicycle tire market. As a result, the global bicycle tire market is expected to reach US$ 8.86 Bn. during the forecast period.
Bicycle Tire Market Segmentation:
by Product
• Tubed
• Tubeless
• Airless
by Application
• On-road
• All terrain
Based on Product Segment, The global Bicycle Tire market is sub-segmented into tubed, tubeless, and airless. The tubeless segment dominates the global market and it held a share of 52% in 2023. As the name itself suggest these tires do not contain any tube to hold the air. Improved design in tubeless rim and tire beads made the air lock when the tire is pressurized. Tubeless tires are in high demand in the market because of their self-repair capacity, they offer better traction, better ride quality, provide better momentum, and are faster in running. As a result, the tubeless tire market is expected to grow at a CAGR of 4.3% during the forecast period.
Based on the Application Segment, the global Bicycle Tire market is sub-segmented into on-road and all-terrain. The on-road segment dominates the global market and was valued at US$ 3.3 Bn. in 2022. Increasing demand for well-designed bicycles, production of e- bicycles, high durability, workability, and increased readability are the factors attributing the on-road segment growth. Off-road tires are in less demand because of lower puncture protection, high cost of up-gradation, and decreased rolling resistance, and easy damage to tires by an uneven surface.
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Bicycle Tire Key Players:
• Vittoria
• Continental AG
• Apollo
• Vredestein
• Maxis
• Challenge Tires
• Hutchinson SA
• Freedom Bicycle
• Michelin
• Kenda Tires
• Schwalbe
• Suomi Tyres
• Panaracer Corporation
• Fyxation Bicycle Co.
• Cheng Shin Rubber
• Bridgestone
• Trek Bicycle Corporation
Key Questions answered in the Bicycle Tire Market Report are:
- What was the Bicycle Tire Market size in 2022?
- What is the expected Bicycle Tire market size by 2029?
- What will be the CAGR of the Bicycle Tire market during the forecast period?
- Which region held the largest market share in the Bicycle Tire Market?
- Which company held the largest share in the Bicycle Tire market?
- What key trends are likely to emerge in the Bicycle Tire market in the coming years?
- Who are the Bicycle Tire key players in the Bicycle Tire industry?
Key offerings:
- Market Overview
- Market Share
- Market Size
- Forecast |2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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