Bicycle Tire Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The bicycle tyre market share is expected to increase by USD 477.69 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3%.

This bicycle tyre market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bicycle tyre market segmentation by application (manual bicycles and e-bikes) and geography (APAC, Europe, North America, South America, and MEA).

What will the Bicycle Tyre Market Size be During the Forecast Period?

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The bicycle tyre market report also offers information on several market vendors, including Bridgestone Corp., Cheng Shin Rubber Ind. Co. Ltd., Continental AG,  Donnelly Cycling, Hermann Hartje KG, Hwa Fong Rubber Ind. Co. Ltd., MICHELIN, Rene Herse Cycles, THE GOODYEAR TIRE & RUBBER Co., and Trek Bicycle Corp. among others. 

Bicycle Tyre Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing need for fitness activities is notably driving the bicycle tyre market growth, although factors such as the imposition of trade tariffs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bicycle tyre industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bicycle Tyre Market Driver

• The prevalence of chronic back pain is increasing owing to the lack of physical activities among youth, and this has led to the adoption of healthy lifestyles. 
• The rising awareness about the importance of healthy lifestyles has increased participation in recreational activities, such as cycling. 
• Cycling offers several benefits, including body awareness and coordination. It also strengthens the abdominal muscles. Strong abdominal muscles can help alleviate back pain.
• The use of bicycles reduces air and noise pollution. Such factors indicate that the health, environmental, and economic benefits of bicycles will contribute to the growth of the global bicycle market, which, in turn, will drive the bicycle tire market growth during the forecast period.

Key Bicycle Tyre Market Trend

• Vendors are focusing on innovation and portfolio expansion because of the growing competition and customers' demand for innovative products. 
• There is also the growing popularity of premium bicycles across the world due to the increasing acceptance of premium bicycles that provide better riding and safety features.
• Premium bicycles are built using advanced technologies and modern designs by incorporating high-end materials to offer comfort and durability. 
• With the launch of e-bicycles, which are pedal-assisted, the average cost of premium bicycles is increasing. 
• With the increasing average disposable income and dual-household income, there is growing adoption of premium bicycles. Such factors will subsequently drive the need for bicycle tires, driving the growth of the market.

This bicycle tyre market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bicycle tyre market during the forecast period.

Who are the Major Bicycle Tyre Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Bridgestone Corp.
• Cheng Shin Rubber Ind. Co. Ltd.
• Continental AG
•  Donnelly Cycling
• Hermann Hartje KG
• Hwa Fong Rubber Ind. Co. Ltd.
• MICHELIN
• Rene Herse Cycles
• THE GOODYEAR TIRE & RUBBER Co.
• Trek Bicycle Corp.

 

This statistical study of the bicycle tyre market encompasses successful business strategies deployed by the key vendors. The bicycle tyre market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bicycle tyre market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bicycle Tyre Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bicycle tyre market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Bicycle Tyre Market?

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67% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for bicycle tyres in APAC. However, market growth in this region will be slower than the growth of the market in Europe and North America.

The rising number of cycling enthusiasts will facilitate the bicycle tyre market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Bicycle Tyre Market?

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The bicycle tyre market share growth by the manual bicycles segment will be significant during the forecast period. The growth is attributed to the high demand for manual bicycles such as pedal bicycles, hand-cranked bicycles or handcycles, rowing bicycles, treadle bicycles, bucking bicycles, and balance bicycles.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bicycle tyre market size and actionable market insights on post COVID-19 impact on each segment.

 

Bicycle Tyre Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 3%
Market growth 2021-2025	$ 477.69 million
Market structure	Fragmented
YoY growth (%)	2.12
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 67%
Key consumer countries	China, Japan, US, Germany, France, and The Netherlands
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Bridgestone Corp., Cheng Shin Rubber Ind. Co. Ltd., Continental AG,  Donnelly Cycling, Hermann Hartje KG, Hwa Fong Rubber Ind. Co. Ltd., MICHELIN, Rene Herse Cycles, THE GOODYEAR TIRE & RUBBER Co., and Trek Bicycle Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bicycle Tyre Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive bicycle tyre market growth during the next five years
• Precise estimation of the bicycle tyre market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bicycle tyre industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bicycle tyre market vendors

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