Bicycle Tire Market was valued at US$ 7.37 Bn in 2022 and expected to grow at a CAGR of 6.3% during the forecast period (2023-2029). Thanks to the growing trend of tubeless tire use which has boosted demand for Global Bicycle Tire Market.
Bicycle Tire Market Overview:
The Maximize Market Research report analyses the global Bicycle Tire Market in depth, precisely, and comprehensively, with a focus on market dynamics, market competition, regional growth, segment analysis, and important growth strategies. The analysis contains information on market growth as well as market segmentation like regions, product type, application, and end-use industry. Analyst creates comprehensive and precise marketing research reports using the most up-to-date Bicycle Tire Market research techniques and technology. This analysis covers a wide range of industry verticals along with a thorough examination of the Bicycle Tire market size and share.
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Bicycle Tire Market Scope:
The report goes over demand estimates, market trends, and micro and macro variables in great detail. This study also highlights the elements that are driving and impeding the market’s growth. The MMR Matrix in the study gives information on prospective investment opportunities to both existing and new market participants. To provide market insights, the research use analytical approaches such as Porter’s five forces analysis and PESTLE of the Bicycle Tire market. The research also looks at current market trends and forecasts for the years 2021-2027. The study also uncovered important impending advancements that would have an impact on demand over the anticipated timeframe.
Bicycle Tire Market Segmentation:
The tubed, tubeless, and airless segments of the worldwide bicycle tire market are subdivided based on product segment. With a 52% share in 2023, the tubeless segment dominated the global market. These tires don’t have an air-holding tube, as their name suggests. When the tire is pressured, the improved tubeless rim design and tire beads cause the air to lock. Tubeless tires are highly sought after in the market due to its ability to self-repair, superior traction, improved ride quality, increased momentum, and faster running speed. As a result, throughout the course of the forecast period, the tubeless tire market is anticipated to expand at a CAGR of 4.3%.
The global bicycle tire market is divided into two sub-segments: on-road and all-terrain, based on the Application Segment. The on-road market is the largest in the world and was estimated to be worth US$ 3.3 billion in 2022. The expansion of the on-road segment can be attributed to several causes, including the rising demand for well-designed bicycles, the manufacturing of e-bikes, high durability, workability, and greater readability. Because off-road tires are less durable, more expensive to upgrade, have less rolling resistance, and are more easily damaged by uneven surfaces, they are less popular.
1 Bicycle Tire Market, by Product (2023-2029)
• Tubed
• Tubeless
• Airless
2 Bicycle Tire Market, by Application (2023-2029)
• On-road
• All terrain
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Bicycle Tire Market 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
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Regional Analysis:
Readers will be well-informed on the Bicycle Tire market on a regional level thanks to the reports’ regional insights. A meaningful assessment of potential policy options in response market changes across the globe, requires a thorough understanding of local energy, economic, political, and geographic characteristics. The research provides readers with regional insights that ensure the effects on Bicycle Tire market and local growth prospects, as well as domestic area restraints.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
COVID-19 Impact Analysis on Bicycle Tire Market:
The impact of COVID-19 on the Bicycle Tire market is exhaustively examined in the research. As a result of the COVID-19 pandemic, analyst at Maximize Market Research, who are following the situation across the globe, believe that the market is expected to provide profitable opportunities for producers. The report’s purpose is to provide a more comprehensive view of the current situation, the economic downturn, and the influence of COVID-19 on the whole Bicycle Tire market.
Key Questions Answered:
- This report presents analytical depiction of the global Bicycle Tire market trade at the side of these trends and future estimations to work out the upcoming investment pockets.
- The report presents information associated with key drivers, restraints, and opportunities at the side of elaborated analysis of the Bicycle Tire market share.
- The current market is quantitatively analysed from 2021 to 2027 to spotlight the world Bicycle Tire market growth.
- Porter’s 5 forces analysis demonstrates the efficiency of consumers & suppliers within the market.
- Who Are the Global Key Players in This Bicycle Tire Market? What are their Company Profile, Their Product Information, and Contact Information?
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