Cargo Bike Tire Market by Product Type (Tube, Tubeless), Tire Size (Below 20”, 20”-24”, 26”, 27.5”), Cargo Bike Type (Two Wheeled, Three Wheeled, Four Wheeled), Sales Channel (OEM, Aftermarket), and Region for 2021 – 2031
Cargo Bike Tire Market - Analysis, Outlook, Growth, Trends, Forecasts
- December 2021
- 284 pages
Cargo Bike Tire Market Outlook – 2021-2031
[284 Pages Report] The cargo bike tire market value is projected to grow at 12.2% CAGR between 2021 and 2031 and market volume is expected to grow at a CAGR of 11.6% over the forecast period.
Cargo Bike Market Value (2021A)
US$ 162.7 Mn
Cargo Bike Market Estimated Year Value (2022E)
US$ 181.1 Mn
Cargo Bike Market Projected Year Value (2031F)
US$ 515.5 Mn
Value CAGR (2021-2031)
Tubeless tire will remain the most popular product in the market through 2031, accounting for more than 60% of total sales. This is owing to the fact that the rate of deflation is slow in tubeless tires, giving driver more time to get to a tire repair shop. Due to the sluggish pace of flattening, the rider has sufficient opportunity to dial back the vehicle, which is preferred by the owners.
Cargo Bike Tire Market Outlook 2016-2020 Compared to 2021-2031 Forecast
Cargo bike tire sales grew at a 9.7% CAGR from 2016 to 2020, with the Germany, Netherlands, U.K., U.S. and Italy accounting for a larger percentage of the global market.
Cargo bikes are proving to be versatile and economically viable vehicles for transporting consignments in urban areas. Unlike conventional delivery trucks cargo bikes neither cause pollution nor contribute to traffic congestion. They make roads cleaner and more secure for walkers and commuting cyclists. These factors are likely to steer the sales of cargo bike in the coming years.
Buyers are progressively focusing on keeping their cargo bikes in proper shape, which has increased the aftermarket sales and fuelled the demand for replacement services. This has in turn created conducive prospects for sales in the cargo bike tire market.
The cargo bike tire market is boosted by the presence of various tire designs. Different tire designs like folding tires, tubeless tires, puncture safe tires, studded tires and delicate/hard rubber tires are often used for to offer maximum comfort and security will riding.
Increasing transportation in e-commerce is also a catalyst to the cargo bike tire market growth. In developed nations like Germany, France, U.S. and others, different methods of transportation for last mile e-commerce deliveries have been replaced by the conventional cargo bike and electric cargo bikes.
Organizations such as DHL use paddle cargo bicycles and electric cargo bicycles to ship load or baggage in strategic lines as these bicycles produce no unsafe gases and carry up to 125 kg. Therefore, the increasing cargo bikes will push sales in the cargo bike tire market at a CAGR of 12.2% between 2021 and 2031.
How are Stringent Regulations Implemented Worldwide Affecting Cargo Bike Tire Sales?
The fact that companies in the cargo bike industry are now embracing possible European norms and rules as a sign of maturity is indicative of the industry's rising professionalism.
It was reported that work on a new European cargo bike standard began in 2020. In Delft, the Netherlands, CEN (European Committee for Standardisation) hosted the first meeting of Working Group 9 of Technical Committee 333. The Cargo Bikes Experts Group is playing a crucial role in the implementation of this norm, with a few individuals officially licensed by CEN.
There are now public regulations implemented in Germany (DIN) and France (NF). The focus on offering advanced designs in cargo bikes has stirred discussion between cargo bicycle producers, retailers and clients regarding what the new standard ought to contain.
Everybody has concurred that safety must be the prime concern, but cargo bicycle width, length and payload will be considered.
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What is the Impact of COVID-19 Crisis on Cargo Bike Tire Market?
The cargo bike tire market has been extensively impacted by the rising cases of COVID-19 across the globe. Restrictions imposed on movement and transportation caused hindrances for the market. However, spike in purchase of essential commodities via online platforms helped the cargo bike tire market to stay afloat amidst ongoing pandemic.
Coupled with this, government authorities are giving subsidies and tax reductions on E-cargo bikes that will boost the cargo bike market over the forecast time period ultimately leading to the increase in tire sales.
For example, a few nations in Europe are offering incentives on electric bicycles as a part of the green initiative program. In addition, in January 2020, the Netherlands presented new renting rules for E-bicycles with reduced tax rates that will emphasize the development of the cargo bike tire business.
What Is the Germany Cargo Bike Tire Market Outlook?
With more than 30% share in Europe in, Germany cargo bike tire market has been forecast to exhibit strong growth. The real boom has occurred in the cargo bike sector, largely independent from the public government and the strong vehicle industry, fuelled rather by local initiatives and smaller new companies.
As per the Two-wheel Industry Association (ZIV), 39,200 electrically controlled cargo bicycles were sold in Germany through 2019 compared to just 36,062 newly registered electric vehicles, despite smaller subsidies.
With sales of cargo bicycles poised to surge, demand for cargo bike tire will increase at a positive pace in Germany over the course of the report’s assessment period.
Why is BENELUX Considered an Attractive Cargo Bike Tire Market?
Exhibiting high growth at 14.1% CAGR during the forecast period of 2021-31, BENELUX (Belgium, the Netherlands, and Luxembourg) promises to be a highly attractive market for the cargo bike tire producers.
Belgium aimed at boosting the use of cargo bikes and creating necessary environment for the use of cargo bikes in the country. It has planned to invest €5.8 million – with €4.7 million coming from EU reserves – to support sales of cargo bicycles in the Belgian capital for both goods and passengers. The new CAIRGO BIKE project intends to alleviate the developing tension on deliveries with a more eco-friendly arrangement with the increase use of cargo bike.
Driven by aforementioned factors, the sales of cargo bike tires is slated to increase considerably in BENELUX.
Where Does the U.S. Stand in the Market for Cargo Bike Tires?
The U.S. accounts for about 89% of the North America cargo bike tire market. Cargo bicycles are turning into a sensation in the U.S., changing the capacity to utilize bicycles as the fundamental method of transportation.
As urban density builds, the utilization of vehicles for individual transportation and hauling is turning out to be more troublesome. Younger generation is therefore moving away from motor vehicles and suburban life.
Having a vehicle like a cargo bicycle complement the increasingly popular lifestyle of urban dwellers in the U.S. This is expected to present attractive opportunities for the growth of the cargo bikes market.
Why are Sales of Tubeless Tires Increasing?
Tubeless tire sales are projected to increase at a CAGR of 12.7%. Tubeless tires are more secure on the ground because they don't lose air unexpectedly. If a puncture occurs unexpectedly, the tire loses air gradually.
Which Tire Size Will be the Most Profitable in the Market?
26 inch tires hold around 38% of the global market. With the 26 inch wheel the user gains rim of the wheel by virtue of it having a smaller breadth. The difference in scrolling resistance is immaterial in case of running similar sort of tires. With the 26 inch wheel, for the most part acquires a taller sidewall giving generally the equivalent external breadth of the 700c wheel with tire. Reward being less punctures.
Because of the abovementioned features and advantages, the 26 inch tire sales will boost the cargo bike tire industry.
How will Sales of Two Wheeled Cargo Bikes Aid Cargo Bike Tire Market Growth?
The demand for cargo bike tires in the two wheeled cargo bikes category is projected to grow at a CAGR of 12.5% over the forecast period of 2021-31.
The primary benefits of a two wheel cargo bicycle is speed. Riding in two wheeled cargo bike is speedier and more agile, allowing the user to steer around obstacles and through traffic. Children are additionally secured in the load box with belts. Since the cargo box is lower to the ground and has lower sides, children can move in themselves.
The global cargo bike tire market is competitive in nature, with the presence of various players. Key market players are expected to adopt various expansion strategies to gain competitive strength. Besides this, they are expected to invest in product launches.
For instance, in May 2021, Schwalbe (Ralf Bohle) became the first manufacturer to launch a tire specifically made for cargo bikes called the Schwalbe Pick-Up.
Scope of Report
Historical Data Available for
USD Million for Value and Units for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Oceania, GCC Countries, Turkey, and South Africa
Key Segments Covered
Product Type, Tire Size, Cargo Bike Type, Sales Channel, and Region
Key Companies Profiled
Market forecast, brand share analysis, competition intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives
Customization & Pricing
Available upon Request
Key Market Segments Covered
- Below 20”
Cargo Bike Type
- Four Wheeled
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa