This Bicycle Tires market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Bicycle Tires market.
Bicycle tires perform an important function of eliminating the shock transferred through the front and rear wheels as they travel on uneven and rough surfaces; effectively gaining traction on the road so that the bicycle can travel properly and doesn’t slip. It is also used for hand cycles and specially designed wheelchairs for racing purposes. The complete tire system provides ideal suspension, produces the longitudinal force essential for propulsion and braking, and creates the lateral force required for turning and balancing. There are various grips offered in the market, which enhance traction between the wheels and the road and increase performance at high speeds and on uneven and rough terrains. The recent removable pneumatic bicycle tire contributed to the acceptance and enhanced safety operation of bicycle. Over the years, with bicycles becoming more advanced and efficient, advanced bicycle tires have been developed to improve riding performance and capability. Over the several years manufacturers were keen on reducing the bicycle’s body weight and enhancing strength, so it may travel at a desirable speeds.
Collectively, the front and rear bicycle tires in a cycle play a vital role in controlling the bike on uneven tracks; hence enhancing the riding experience to a whole new level. Bicycle tire expertise and design has come a long way in recent years, mainly owing to development transfer from the world of racing, wherein bicycles and their riders are subjected to extreme conditions. Consequently, today’s off-road and road riders gain a lot from highly sophisticated rear and front bicycle tires, which offer high traction on road and remarkable levels of comfort for the rider. Recent research and devolvement in the tires market has produced high quality and puncture resistant tires, which are favorable among consumers. Tubeless tire technology has enabled consumers to use tires for a specific period of time even after being punctured; hence enabling them to reach a service station comfortably and more importantly, in time.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The bicycle tires market possesses a lot of potential for growth in the research and development division. Also, the market for bicycle tires has increased due to development in the overall bicycle market, as consumers are more attracted towards safety and riding comfort. In a bicycle, tires are the most important component and the replacement rate of the tires is high, owing to the high rate of friction between the tire and road. The aftermarket for replacement and services is projected to remain healthy over the forecast period as consumers will try to keep their bikes up to the mark. Moreover, in developed nations, the ability to ride at faster speeds with comfort is estimated to drive growth of the bicycle tires market in the near future. Furthermore, growth in racing and adventure sports, such as dirt biking and off-road riding will fuel growth of the overall bicycle tires market in the coming future. Events, such as the Tour de France, Olympics and other bicycle professional races will propel growth in the bicycle tires market and force manufacturers to come up with new product and goods, which are more capable for ideal riding.
The market for bicycle tires is predicted to grow at significant CAGR over the forecast period. Availability of various kinds of tires for special and regular applications is expected to boost growth of the overall bicycle tires market in the near future.
Bicycle Tires Market: Segmentation
The bicycle tires market can be segmented by product type, tire width, tire size, sales channel and bicycle type.
Bicycle Tires Market: Regional Outlook
North America and Europe have a high standard of living with luxurious lifestyles and high disposable incomes, this has led to growth in the application of bicycles in day to day transportation and thus, the market for bicycle tires is expected to grow in these respective regions during the forecast period. People have developed a liking towards a comfortable and smooth riding experience, thus the bicycle tires market is expected see rapid growth in all developed and developing countries in the future. Emerging economies in the APEJ region, especially China and India, will play an important role in the growth of the bicycle tires market in the coming future. It expected that Asian countries will start promoting the use of bicycles as a basic mode of transport, due to heavy pollution and traffic congestion caused by the increasing number of automobiles. Furthermore, new technologies and inventions in bicycle tires will foster growth in the global market.
Bicycle Tires Market: Market Participants
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
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By product type, the bicycle tires market can be segmented as:
- Tubed Tire
- Tubeless Tire
- Solid Tire
By tire width, the bicycle tires market can be segmented as:
- 18mm – 32mm
- 32mm – 52mm
- Above 52mm
By tire size, the bicycle tires market can be segmented as:
- Up to 12 Inch
- 12 Inch – 22 Inch
- Above 22 Inch
By sales channel, the bicycle tires market can be segmented as:
- Original Equipment Manufacturer (OEM)
- Bicycle Tire Aftermarket
By bicycle type, the bicycle tires market can be segmented as:
- Others (child bicycles, wheelchair)
Examples of some of the market participants in the global bicycle tires market are:
- Trek Bicycle Corporation
- Cheng Shin Rubber Ind. Co. Ltd. (Cheng Shin Tire)
- Fyxation Bicycle Co.
- Kenda Tires
- Suomi Tyres
- Panaracer Corporation
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America
- Latin America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Bicycle Tires Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Bicycle Tires Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Bicycle Tires Market report?
In addition to up-to-date market figures and customized of the Bicycle Tires Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.