Bicycle Tire Market 2021-2031
New Study Reports ” Bicycle Tire Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on Persistence Market Research.
Report Details:
This report provides in depth study of “Bicycle Tire Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Bicycle Tire Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
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Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Bicycle Tire market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
The global bicycle tire market is projected to expand at a CAGR of close to 8% over the forecast period of 2021-2031.
Rising popularity of sporting and recreational activities has driven aftermarket tire sales, owing to regular requirement for tire maintenance services. The manufacturing sector has experienced substantial growth in recent years, and this trend is expected to continue in the future.
Bicycle tires will experience higher sales than ever before as demand for bicycles, especially e-bikes, mountain bikes, and road bikes, surges across regions. Tubeless tires will be in particularly high demand, and the need for increased grip and hassle-free riding experience will continue to grow over the coming years.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – Cheng Shin Rubber Ind Co., Ltd., HUTCHINSON, Trek Bicycle Corporation, The Goodyear Tire & Rubber Company, Specialized Bicycle Components, MICHELIN, Mitas, Pirelli & C. S.p.A., Giant Bicycles, and Continental AG and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Bicycle Tire.
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Key Takeaways from Market Study
- Low-cost manufacturing in Southeast Asia and Africa, as well as new transportation routes, are expected to fuel demand for bicycle tires by opening up significant logistic opportunities.
- Government laws and regulations that enforce the provision of incentives for the adoption of e-bikes are in place in European countries such as Germany, Denmark, and the Netherlands, which will boost sales of bicycle tires.
- Tubeless tires to account for over 40% of the global market value due to capability of steadiness, less frequent punctures, and better grip.
- Due to a positive outlook for bicycle sales, demand in South Asia and Asia Pacific is increasing. Aggressive marketing of prospective distributors in key countries in South Asia and Pacific, as well as MEA, may benefit players in these regions even more.
- Around half of global bicycle tire sales are projected to come from East Asia.
- Tire size 12-22 inches would be the most in demand, accounting for nearly 40% of total market share.
- Aftermarket sales channel to account for nearly two-third of overall of bicycle tires.
“Increasing traffic and deteriorating congestion & air quality are putting the spotlight on cycling as an environment-friendly mode of transportation, thereby catalyzing demand for bicycle tires,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Bicycle Tire Market Manufacturers
Bicycle Tire Market Distributors/Traders/Wholesalers
Bicycle Tire Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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