Bicycle Tire Market Research Insights Shared in Detailed Report

The Global Bicycle Tire Market was valued at around USD 6.19 Billion in 2020 and is expected to reach approximately USD 9.68 Billion by the year 2028, rising steadily at a CAGR of 5.80% in the forecast years.

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The Bicycle Tire Market is projected to experience significant growth in the coming years, with an expected value of approximately USD 9.68 Billion by 2028, growing at a CAGR of 5.80%. This report provides an in-depth analysis of the market, including its size, share, demand, growth, gross profits, earnings, and revenue. The study uses data from previous years (2016-2017), with 2018 as the base year, to provide insights into trends in the sector and predict possible growth for the years 2020-2028.

Bicycle tires are essential for providing optimal suspension and generating the necessary forces for balancing, turning, propulsion, and braking. The market is growing due to increasing concerns about health and wellness, with more people turning to cycling as an effective solution for combating diseases like obesity and cardiovascular disease. Consumers are also more focused on keeping their bikes in top condition, leading to increased demand for replacement services and boosting the aftermarket. Additionally, initiatives from several countries to promote cycling as an alternative means of daily commute have contributed to market growth. Professional cycling events like Tour de France and Olympics have also played a role in driving growth.

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Although tube tires currently account for the majority of the market share, there is a rising demand for more durable tires, leading to an increased demand for tubeless and airless/solid tires worldwide. Leading manufacturers like Continental and Bridgestone have introduced innovative products like tubeless and airless bicycle tires, respectively. The continuous development of puncture-resistant tires and other advancements in tire technology will be the key drivers of growth in the coming years.

Key companies profiled in the report include:

  • Vittoria
  • Continental AG
  • Apollo Vredestein
  • Maxxis
  • Challenge Tires
  • Hutchinson SA
  • Freedom Bicycle
  • Michelin
  • Kenda Tires
  • Schwalbe
  • Suomi Tyres
  • Panaracer Corporation
  • Fyxation Bicycle Co.
  • Cheng Shin Rubber
  • Bridgestone
  • Trek Bicycle Corporation

Market segment based on Width:

  • 18mm - 32mm
  • 32mm - 52mm
  • Above 52mm

Market segment based on Size:

  • Up to 12 Inch
  • 12 Inch - 22 Inch
  • Above 22 Inch

Market segment based on End-User:

  • Bicycle Tire Aftermarket
  • Original Equipment Manufacturers (OEMS)

Market segment based on Bicycle Type:

  • Mountain
  • Sports
  • Road
  • Others

Market segment based on Product Type

  • Tubeless Tire
  • Tube Tire
  • Solid Tire

Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East Africa

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