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:
This Bicycle Tire industry research provided a comprehensive analysis of the worldwide Bicycle Tire Market, taking into account all critical variables such as growth factors, limitations, market advancements, top investment pockets, future prospects, and trends. The research begins by emphasizing the important trends and possibilities that may develop in the near future and have a favorable influence on overall industry growth.
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Bicycle Tire Market Scope:
The Bicycle Tire market report presents insights into each of the leading Bicycle Tire Market end users along with annual forecasts to 2027. The report provides a revenue forecast with sales and growth rate of the global Bicycle Tire Market. Forecasts are also provided for the market’s product, application, and geographic segments. Forecasts are produced to help people understand the industry’s future outlook and potential.
Bicycle Tire Market Segmentation:
Tubed, tubeless, and airless bicycle tires make up the three product segments that make up the worldwide bicycle tire market. With a share of 52% in 2023, the tubeless market category owned the majority of the market. These tires lack an air-holding tube, as suggested by their name. The air lock while the tire is pressurized was made possible by improved design in tubeless rim and tire beads. Due to their ability to self-repair, improved traction, ride quality, better momentum, and faster running speed, tubeless tires are highly sought after in the market. The tubeless tire market is anticipated to expand at a CAGR of 4.3% over the course of the forecast period as a result.
The on-road and all-terrain segments of the global bicycle tire market are based on the application segment. The market for on-road vehicles, which was valued at US$ 3.3 billion in 2022, is the largest in the world. The expansion of the on-road bicycle market is attributed to reasons such as rising demand for well-designed bicycles, the manufacture of e-bikes, high durability, workability, and improved readability. Off-road tires are less popular due to their worse puncture resistance, high upgrade costs, reduced rolling resistance, and susceptibility to damage from uneven surfaces.
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:
The research includes the most recent news and industry developments in terms of Bicycle Tire Market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions, and so on. Among the main companies in the Bicycle Tire Market sector are
• 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:
The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, significant trends, and the problems that the industry is experiencing across ten key regions.
COVID-19 Impact Analysis on Bicycle Tire Market:
The research details the overall impact of COVID-19 on the Bicycle Tire Market by providing a micro- and macroeconomic analysis. The precise study focuses on market share and size, which clearly depicts the impact that the pandemic has had and is anticipated to have on the global Health Insurance Market in the future years.
Key Questions Answered in the the Bicycle Tire Market Report are:
- What is the function of Bicycle Tire ?
- What is the predicted revenue generation of the Bicycle Tire market?
- At what growth rate is the Bicycle Tire market evolving?
- Who are the major market giants operating in the Bicycle Tire market?
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