Global Bike Tyre Market was valued at USD 2.10 billion in 2021 and is expected to reach USD 4.78 billion by 2029, registering a CAGR of 10.83% during the forecast period of 2022-2029.
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Market Analysis and Size
Vehicle owners have started adopting alternative modes of transportation, such as bicycles owing to the skyrocketing fuel prices throughout the globe. In recent years, the reach of aftermarket tire sales has broadened due to the popularity of cycling competitions. Manufacturers are introducing various innovative products in accordance with consumer needs.
Global Bike Tyre Market was valued at USD 2.10 billion in 2021 and is expected to reach USD 4.78 billion by 2029, registering a CAGR of 10.83% during the forecast period of 2022-2029. Tubeless Tire accounts for the largest propulsion type segment in the respective market owing to the enhanced resistance. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Analysis and Size
Vehicle owners have started adopting alternative modes of transportation, such as bicycles owing to the skyrocketing fuel prices throughout the globe. In recent years, the reach of aftermarket tires sales has broadened due to the popularity of cycling competitions. Manufacturers are introducing various innovative products in accordance to consumer needs.
Global Bike Tyre Market was valued at USD 2.10 billion in 2021 and is expected to reach USD 4.78 billion by 2029, registering a CAGR of 10.83% during the forecast period of 2022-2029. Tubeless Tire accounts for the largest propulsion type segment in the respective market owing to the enhanced resistance. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Restraints/Challenges faced by the Bike Tyre Market
On the other hand, high cost associated with the bicycles and shortage of necessary spare parts and accessories are expected to obstruct market growth. Also, fluctuations in raw material prices are projected to challenge the bike tyre market in the forecast period of 2022-2029.
This bike tyre market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bike tyre market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Bike Tyre Market Scope
The bike tyre market is segmented on the basis of bicycle type, product type, tire size and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Bicycle Type
- Mountain
- Hybrid
- Electric
- Comfort
- Youth
- Cruise
- Road
On the basis of bicycle type, bike tyre market is segmented into mountain, hybrid, electric, comfort, youth, cruise and road.
Product Type
- Tube Tire
- Tubeless Tire
- Solid Tire
On the basis of product type, bike tyre market is segmented into tube tire, tubeless tire and solid tire.
Tire Size
- Upto 12 inch
- 12 to 22 inch
- Above 22 inch
On the basis of tire size, bike tyre market is segmented into upto 12 inch, 12 to 22 inch and above 22 inch.
Sales Channel
- OEM
- Aftermarket
On the basis of sales channel, bike tyre market is segmented into OEM and aftermarket.
Bike Tyre Market Regional Analysis/Insights
The bike tyre market is analyzed and market size insights and trends are provided by country, bicycle type, product type, tire size and sales channel.
The countries covered in the bike tyre market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Competitive Landscape and Bike Tyre Market Share Analysis
The bike tyre market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bike tyre market.
Some of the major players operating in the bike tyre market are
- Continental AG (Germany)
- Bridgestone Corporation (Japan)
- Michelin (France)
- The Goodyear Tyre Rubber Company (India)
- Pirelli C. S.p.A. (Italy)
- Sumitomo Corporation (Japan)
- Yokohama Tire Corporation (Japan)
- Hankook Tire Technology Co.,Ltd. (South Korea)
- Nokian Tyres plc (Finland)
- CEAT Ltd. (Italy)
- Toyo Tire Corporation (Japan)
- Shandong Tang Ren Import and Export Trading Co., Ltd. (China)
- Hebei Huichao Machinery Parts Co., Ltd. (China)
- Zhejiang PDW Industrial Co., Ltd. (China)
- Jiangxi Deyou Technology Co., Ltd. (China)
- Qingdao Keter Tyre Co.Limited Trading Company (China)
- Shandong Juling Group (China)
- Aliner Automotive Equipments Pvt. Ltd. (India)
- Auto Tool Equipment Solution (India)
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Bike Tyre Market Landscape
Part 04: Global Bike Tyre Market Sizing
Part 05: Global Bike Tyre Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-bike-tyre-market
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