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 comprehensive analysis provided in the Maximize Market Research report delves into the global Bicycle Tire market, focusing on market dynamics, competition, regional growth, segment analysis, and key growth strategies. The report covers market growth, segmentation by regions, product types, applications, and end-use industries. Utilizing cutting-edge Bicycle Tire market research techniques and technology, analysts create precise and detailed marketing research reports. This analysis spans various industry verticals, accompanied by a thorough examination of Bicycle Tire market size and share.
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Bicycle Tire Market Scope:
This section meticulously examines demand estimates, market trends, and micro and macro variables, highlighting elements influencing the market's growth. The MMR Matrix in the study presents information on potential investment opportunities for both existing and new market participants. To offer market insights, analytical approaches such as Porter's five forces analysis and PESTLE are employed. The research also evaluates current market trends and forecasts for the years 2021-2027, revealing significant impending advancements impacting demand.
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 Insights:
Readers gain comprehensive insights into the Bicycle Tire market at a regional level through the report's regional analysis. A meaningful assessment of potential policy options globally requires a deep understanding of local energy, economic, political, and geographic characteristics. The research equips readers with regional insights, ensuring an understanding of the effects on the Bicycle Tire market, local growth prospects, and domestic area restraints.
- Asia-Pacific: Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, Australia
- Europe: Turkey, Germany, Russia, UK, Italy, France, etc.
- North America: United States, Mexico, Canada
- South America: Brazil, etc.
- The Middle East and Africa: GCC Countries, Egypt
COVID-19 Impact Analysis on Bicycle Tire Market
The research exhaustively examines the impact of COVID-19 on the Bicycle Tire market. Analysts at Maximize Market Research, actively monitoring the global situation, anticipate that the market is likely to offer profitable opportunities for producers. The report aims to provide a comprehensive view of the current situation, the economic downturn, and the influence of COVID-19 on the entire Bicycle Tire market.
Key Questions Answered
This report addresses key questions:
- Analytical depiction of global Bicycle Tire market trends alongside future estimations to determine upcoming investment opportunities.
- Information related to key drivers, restraints, and opportunities, with a detailed analysis of Bicycle Tire market share.
- Quantitative analysis of the current market from 2021 to 2027, spotlighting global Bicycle Tire market growth.
- Porter’s 5 forces analysis demonstrating the efficiency of consumers and suppliers in the market.
- Identification of global key players, their company profiles, product information, and contact details.
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