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.

 

Crafted by a team of seasoned researchers, forecasters, analysts, and managers, the exceptional  Bike Tyre Market research report embodies expertise and innovation. Seamlessly merging proficient capabilities and top-notch resources in research, data collection, development, consulting, evaluation, compliance, and regulatory services, this report stands as a pinnacle in world-class market research. In today's fiercely competitive landscape, staying well-informed about market dynamics is paramount, and this exceptional report is the key to achieving that insight. It meticulously segments markets based on coverage, geographic scope, study duration, currency considerations, and pricing.

 

Within its comprehensive market overview, this Bike Tyre Market report dissects market drivers, restraints, opportunities, and challenges, offering invaluable insights that empower businesses to make informed decisions. Tailored to cater to customer requirements, this report becomes an invaluable tool in enhancing return on investment (ROI) for businesses. The estimations of Compound Annual Growth Rate (CAGR) values play a pivotal role, aiding businesses in strategic investment planning over the specified period. This Bike Tyre Market research report doesn't just scratch the surface; it conducts a systematic and comprehensive study, presenting factual and statistical insights pertinent to various facets within the marketing domain.

 

Overview of Bike Tyre Market:

 

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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Dynamics Growth Drivers and Scope of Bike Tyre Market

 

Growth Drivers:

The rise in demand for sports bicycles due to increased use of bicycles in trekking and leisure activities is one of the major factors driving the growth of bike tyre market. An increase in the number of cycling events and biking expeditions to difficult terrains, including steep mountain ranges. The rise in popularity of cycling competitions in sporting events accelerate the market growth. The increase in these cycling competitions accelerate the scope of aftermarket tire sales due to the constant need for maintenance services.

 

Scope:

The bike tyre market is segmented on the basis of bicycle type, product type, tire size and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 

Regional Analysis/Insights of Bike Tyre Market:

North America dominates the bike tyre market because of the high disposable income and well-developed infrastructure within the region. Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in number of sports activities in the region.

 

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The major companies which are dealing in the Bike Tyre Market:

Continental AG (Germany), Bridgestone Corporation (Japan), Michelin (France), The Goodyear Tyre & Rubber Company (India), Pirelli & C. S.p.A. (Italy), Sumitomo Corporation (Japan), Yokohama Tire Corporation (Japan), Hankook Tire & Technology Co.,Ltd. (South Korea), Nokian Tyres plc (Finland), CEAT Ltd. (Italy), Toyo Tire Corporation (Japan), Shandong Tang Ren Import and Export Trading Co., Ltd. (China), Hebei Huichao Machinery Parts Co., Ltd. (China), Zhejiang PDW Industrial Co., Ltd. (China), Jiangxi Deyou Technology Co., Ltd. (China), Qingdao Keter Tyre Co.Limited Trading Company (China), Shandong Juling Group (China), Aliner Automotive Equipments Pvt. Ltd. (India), and Auto Tool Equipment Solution (India), among others

 

Key Market Perspectives:

 

 

Segmentation of Bike Tyre Market:

By Bicycle Type (Mountain, Hybrid, Electric, Comfort, Youth, Cruise, Road), Product Type (Tube Tire, Tubeless Tire, Solid Tire), Tire Size (Upto 12 inch, 12 to 22 inch, Above 22 inch), Sales Channel (OEM, Aftermarket)

 

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