Press release
Bike Tyre Market size, Scope, Growth Opportunities, Trends by Manufacturers, And Forecast to 2029
Vehicle owners have started adopting alternative modes of transportation, such as bicycle owing to the skyrocketing fuel prices throughout the globe. In recent years, the reach of aftermarket tires sales has broadened due to the popularity of cycling competitions. Manufacturers are introducing various innovative products in accordance to consumer needs.
Global Bike Tyre Market was valued at USD 2.10 billion in 2021 and is expected to reach USD 4.78 billion by 2029, registering a CAGR of 10.83% during the forecast period of 2022-2029. Tubeless Tire accounts for the largest propulsion type segment in the respective market owing to the enhanced resistance. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
The bicycle tire generates the longitudinal force required for braking and propulsion, provides ideal suspension. These tyres execute a crucial function that declines the shock transferred over the front wheels and rear wheels. The bike tyres are utilized for handcycles and specially designed wheelchairs.
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