Bicycle Tire Market:
Executive Summary
Global Bicycle Tire Market is valued approximately USD 5.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.2 % over the forecast period 2020-2027. A bicycle tires is a tire that fits into a bicycle, unicycle, tricycle, quadracycle, bicycle trailer, or trailer bike wheel. They can also be used on wheelchairs and hand cycles, especially in racing. Bicycle tire provide a significant suspension source, generate the lateral forces required to balance and turn and generate the longitudinal forces necessary for propulsion and braking. The global Bicycle tire market driven by rising health awareness, increased sedentary lifestyle, increased cycling sports and promotional efforts undertaken by the governments. The rise in riding bicycles is the key driver for the bicycle tire market. For instance, according to Statista, in 2016, around 12.4 percent of Americans cycled on a regular basis. The number of cyclists’ riders in the U.S. has increased over the past three years from around 43 million to 47.5 million in 2017.Moreover, Fluctuating Raw Material Prices would restrain the market growth. .
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The regional analysis of global Bicycle Tire Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms increased cycling sports and promotional efforts undertaken by the governments. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising health awareness, increased sedentary lifestyle would create lucrative growth prospects for the Bicycle Tire Market across Asia-Pacific region.
Major market player included in this report are:
Trek Bicycle Corporation
Challenge Tires
Rene Herse Cycles
CST
The Continental Corporation.
PT INDUSTRI KARET DELI
Diamondback Bicycles.
DONNELLY CYCLING
Duro Tire & Wheel Corp.
Ere Research
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Bicycle Type:
Mountain
Hybrid
Electric
Comfort
Youth
Cruiser
Road
By Distribution Channel:
Online
Offline
By Sales Channel:
OEM
Aftermarket
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Bicycle Tire Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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