Bicycle Tire Market Share By Top Manufacturers, and Production Forecast till 2026

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The Global Bicycle Tire Market was valued at around USD 5 billion in 2016 and is expected to reach approximately USD 8.6 billion by the year 2026, rising steadily at a CAGR of 5.8% in the forecast years.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Bicycle Tire Market: CHENG SHIN, Continental, Kenda, Hangzhou Zhongce, Hwa Fong

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Global Bicycle Tire Market Split by Product Type and Applications:

Segment by Type
Slick Bike Tires
Semi-slick Bike Tires
Inverted Tread Tires
Knobby Tires

Segment by Application
City Bicycle
Mountain Bicycle
Road Bicycle
Other

The tube tires segment account for a majority of the market share but the rising need for more durable tires has led to an increased demand for tubeless and airless/solid tires across the globe. In 2018, Continental introduced the tubeless Grand Prix 5000 road tire which has 12% less rolling resistance, more durability with a 20% boost in puncture protection and 10g lighter in weight (for the 700x25c tube-type size) as compared to its previous model. In the same year, a leading manufacturer Bridgestone announced that it would be rolling out airless bicycle tires in 2019. The continuous the development of tubeless tires, puncture-resistant tires, and other such advancements will be the driving factors in the years to come.

Asia-Pacific to Remain Dominant; Increasing Number of Hydrogen Fuel Stations to Aid Growth

Among all the regions, Asia-Pacific is expected to hold the largest global Bicycle Tire market share in terms of revenue during the forecast period. This is attributable to the increasing number of hydrogen refuelling stations in countries such as China, Japan, and South Korea. Asia-Pacific stood at USD 72.7 million in 2019.

The market in North America is anticipated to experience significant growth backed by the growing demand for passenger vehicles that is likely to propel the demand for advanced Bicycle Tire systems in the region between 2020 and 2027.

Regional Outlook of Bicycle Tire Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India, and ROW.

Influence of the Bicycle Tire Market Report:

-Comprehensive assessment of all opportunities and risk in the Bicycle Tire market.

-Bicycle Tire market recent innovations and major events.

-Detailed study of business strategies for growth of the Bicycle Tire market-leading players.

-Conclusive study about the growth plot of Bicycle Tire market for forthcoming years.

-In-depth understanding of Bicycle Tire market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Bicycle Tire market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Bicycle Tire Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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