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Bicycle Tires Market To Reach US$ 10 Bn By 2028

According to a new market research report published by Acute Market Reports “Bicycle Tires Market (By Product Type– Tubed, Tubeless and Airless; By Application: On-road and All Terrain)  – Growth, Future Prospects, Competitive Analysis and Forecast2020 – 2028”, the global bicycle tires market was valued at US$ 5.8 Bn in 2019 and is expected to grow at a CAGR of 6.2% during the forecast period from 2020 to 2028.

The complete report is available at https://www.acutemarketreports.com/report/bicycle-tires-market

Market Insights

Bicycle tires industry has witnessed high growth in recent years on account of factors such as rising health awareness, resulting in higher bicycle sales. Due to an increasingly sedentary lifestyle across the world, disorders such as obesity and cardiovascular diseases have posed a serious threat to human health. Subsequently, several people are turning towards healthy practices so as to maintain a healthy lifestyle. Bicycles are among the easiest and effective solutions promoting better health and greener mode of commute. Cycling helps to burn nearly 500 calories per hour providing an excellent workout session. In addition, with the ongoing COVID-19 restrictions and lockdowns, numerous daily commuters across the world have been avoiding the use of public transport such as metros and buses along with paid taxi services. Thereby, the overall bicycle tires market is expected to witness higher growth due to the rise in demand for a cheaper and effective mode of transport.

The overall bicycle tires market is primarily driven by the consistently rising bicycle sales worldwide. Several countries such as China, Japan, and many of the European countries have embraced cycling as their mode of transportation. Due to high health awareness across the regions, bicycles are witnessing increased adoption for fitness as well as transit. Apart from this, the bicycle industry has also witnessed strong growth due to factors such as growing bicycle sports activities and promotional measures undertaken by national governments. Various national governments emphasize on developing a separate infrastructure for cyclists so as to minimize any on-road mishaps.

Apart from the aforementioned factors, the overall bicycle tires market is also supported by the advent of several tire designs. In order to provide optimum convenience and safety, various tire designs such as tubeless tires, foldable tires, studded tires, puncture-resistant tires, and soft/hard rubber tires. In addition, over a period of time, all-terrain bicycle tires have been designed to ensure a safe and stable ride on any type of surface.

Competitive Insights:

The global bicycle tires market is fairly fragmented with numerous leading providers of bicycle tires operating in various major markets across the world. The key players of the bicycle tires market include MICHELIN, Continental AG, Vittoria Group, Kenda Tires, Maxxis International–USA, Schwalbe Tires North America, Inc., SUOMEN RENGASTEHDAS OY, Ralson Tyres, Zhongce Rubber Group Company Limited, and Hwa Fong Rubber Ind. Co., Ltd. High competition is experienced among the major players of bicycle tires manufacturers. A consistent rise in the people using a bicycle for daily commute has boosted the overall demand for bicycles. Consequently, the demand for bicycle tires has also escalated considerably. Bicycle tire manufacturers are adopting different strategies such as the expansion of their global reach and strengthening their sales and distribution network. Making partnerships with eminent sports professionals and sponsoring major bicycle events for their brand promotion is one of the prime strategies inculcated by the bicycle tires manufacturers.

Key Trends:

–  Rising demand for bicycles due to ongoing COVID-19 restrictions and health safety issues

–  Increasing investments and rising number of product launches in the airless (solid) bicycle tires segment

–  Higher demand for tubeless all-terrain tires from consumers for better convenience and usability

–  Market is expected to witness consolidation as large global players seek to acquire small local companies to widen their geographic presence

 

Key questions answered in this report

  • What are the current market trends and dynamics in the bicycle tires market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2029
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which is the largest regional market for bicycle tires?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the bicycle tires market in 2019 and 2020
  • Which are the key trends driving the global bicycle tires market growth?
  • Who are the leading service providers in the bicycle tires market worldwide?

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Bicycle Tires Market Showcases Promising Growth Forecast Key Players- Hutchinson,  Kenda Tires,  Michelin,  Panaracer Corporation,  Schwalbe,  Suomi Tyres,  Trek Bicycle Corporation and Others

The Bicycle Tires Market report provides a detailed overview of the industry including both qualitative and quantitative information with a special focus on the global market trend analysis. The report aims to provide an overview of bicycle tires market with detailed market segmentation by tire type, application, and geography. The global bicycle tires market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bicycle tires market players and offers trends and opportunities in the market.

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The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

Top Key Players:- Cheng Shin Rubber Ind. Co. Ltd.,  Continental,  Fyxation Bicycle Co.,  Hutchinson,  Kenda Tires,  Michelin,  Panaracer Corporation,  Schwalbe,  Suomi Tyres,  Trek Bicycle Corporation

Growing bicycle market owing to the urbanization and rising fuel prices is a key trend propelling the growth of the bicycle tires market. Moreover, growth in adventure and racing sports, such as off-road riding and dirt biking are expected to fuel growth of the overall bicycle tires market in the near future.

Reason to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Bicycle Tires market
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Bicycle Tires market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

A bicycle tire is a tire that fits on the wheel of a bicycle, a handcycle, or a wheelchair. The bicycle tire system offers an optimal source of suspension and creates lateral forces and longitudinal forces that are essential for propulsion, turning, balancing, and braking. There are several grips available in the market, which improve traction between the wheels and the road and enhance performance at high speeds and on rough and uneven terrains. The recent removable pneumatic bicycle tire contributed to the acceptance and boosted safety operation of the bicycle.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bicycle tires market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bicycle tires market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.

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Table of Contents:

  1. Introduction
  2. Key Takeaways
  3. Research Methodology
  4. Bicycle Tires Market Landscape
  5. Bicycle Tires Market – Key Market Dynamics
  6. Bicycle Tires Market – Global Market Analysis
  7. Bicycle Tires Market – Revenue and Forecasts to 2027 – Product Type
  8. Bicycle Tires Market – Revenue and Forecasts to 2027 – Application
  9. Bicycle Tires Market – Revenue and Forecasts to 2027 – Compound
  10. Bicycle Tires Market Revenue and Forecasts to 2027 – Geographical Analysis
  11. Industry Landscape
  12. Bicycle Tires Market, Key Company Profiles
  13. Appendix

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Bicycle Tires Market Comprehensive Survey 2029

Bicycle Tires Market: Overview

The novel coronavirus pandemic may have brought immense losses to businesses and sectors but it has certainly made individuals more aware of the importance of maintaining good health. Activities like cycling and walking have increased greatly in the post-corona era. As the demand for cycles increases, so does the demand for bicycle tires. Hence, the global bicycle tires market may attain good growth during the forecast period of 2019-2029.

Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6840

The escalating importance of cycling among a considerable populace is serving as a prominent growth factor for the bicycle tires market. Bicycle tires are available in airless, tubeless, and tube categories. These tires are also customized for on-road and all terrain types.

This bicycle tires market report has extensive information on various aspects associated with bringing growth. Important points such as key trends, mergers and acquisitions, and the regional scenario associated with the bicycle tires market have been analyzed and included in the report. The stakeholders can gain substantial information from this report. This report also has detailed information about the COVID-19 impact on the bicycle tires market.

Bicycle Tires Market: Industrial Prospects

The bicycle tires market is highly fragmented owing to the presence of a large number of local and international players. Research and development activities are helping the bicycle tires market to gain insights for innovations that help in increasing the growth rate.

Manufacturers in the bicycle tires market are always in pursuit of expanding their production facilities to adhere seamlessly to the growing demand. The expansion also assists the players to discover untapped opportunities. Attractive advertising strategies also help the bicycle tires market to expand its footprint across a large consumer base. Social media campaigns also play an important role in increasing the consumer base.

Some key players involved in the bicycle tires market are Apollo Tyres Ltd., Cheng Shin Rubber Ind. Co. Ltd. (CST Tires), The Continental Corporation, and Ralson Ltd.

Awareness about Sustainable Transport Plays an Important Role in Increasing Growth Rate

The COVID-19 outbreak has led to the emergence of using novel transport mechanisms as a feasible option for public transport to prevent the spread of the virus. People are more inclined now toward using non-motorized options as a means of transport. Therefore, this aspect may bring tremendous growth prospects for the bicycle tires market.

Bicycle Tires Market: Emergence of Fat Tire Bikes

The rising influence of fat tires is inviting tremendous growth opportunities for the bicycle tires market. These tires have enhanced grip and are extra wide. They help in decreasing the cumulative pressure of the bike. These tires also offer high comfort standards and very little maintenance is required. Hence, all these benefits of fat tires may serve as a prominent growth multiplier for the bicycle tires market.

Bicycle Tires Market: Geographical Analysis

Asia Pacific may garner good growth for the bicycle tires market during the assessment period of 2019-2029 due to the rising trend of electric bicycles. The awareness about bicycles is spreading like wildfire in densely populated countries like India and China. Tubeless tires are also acquiring a prominent place through the countries. Hence, all these factors may lay a red carpet of growth across the bicycle tires market.

North America and Europe may also gain substantial growth during the forecast period due to the growing influence of eco-friendly transport through various countries.

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