Tires constitute the most important component in any vehicle providing traction, support, and comfort in the ride. Over the years, bicycle tires have immensely evolved from basic tubed tires to ride specific racing and off-road tires. Some of the major types of bicycle tires available in the market including tubed, tubeless, and airless. On account of lower costs and ease of installation, the tubed bicycle tires have experienced higher adoption over the years. However, rising demand for more durability and usability has led to the increasing adoption of tubeless and airless (solid) tires across the world. Based on applications, the overall bicycle tires market has been segmented into on-road and all-terrain applications. The on-road bicycle tires segment comprises various sleek and precision tires that enable higher acceleration and manoeuvrability over blacktop roads and tracks. The all-terrain tires segment comprises various wider tires with deeper threads that offer enhanced grip and durability over the uneven and rough surface making them highly popular for adventure sports and off-road applications.

The bicycle tires market has been majorly driven by increasing users of bicycles in recent years. Various factors such as environmental concerns, health, and fitness, among others have compelled pedestrians to make use of bicycles for their regular commute. Thereby, the market has witnessed an increasing demand for new bicycles for various applications such as regular on-road use, off-road biking, and sports. As a result, the bicycle tire market has been witnessing an increased demand for various types of on-road and off-road tires. Moreover, with ongoing product innovation in the tubeless and airless tires segments, the market is expected to witness significant growth during the forecast period.

The report titled “Global Bicycle Tires Market- Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global bicycle tires market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on product type, application, and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2020 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of bicycle tires, market positioning, and key developments. Some of the major players profiled in the report are MICHELIN, Continental AG, Vittoria Group, Kenda Tires, Maxxis International–USA, Schwalbe Tires North America, Inc., SUOMEN RENGASTEHDAS OY, Ralson Tyres, Zhongce Rubber Group Company Limited, and Hwa Fong Rubber Ind. Co., Ltd.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the bicycle tires industry
• Market drivers, market restraints, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 – 2021)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global bicycle tires market, offering market size and estimates for the period from 2020 to 2030, keeping in mind the above-mentioned factors.

The global bicycle tires market is segmented, based on product type, into the following categories

• Tubed
• Tubeless
• Airless

In 2021, the overall bicycle tires market is led by the tubed tires segment. The segment contributed to nearly 70% of the total market revenue in 2021. A tubed tire is the oldest design of bicycle tires and hence enjoys a prolonged presence in the market. Over the years, tubed tires have been adopted by numerous leading bicycle manufacturers on account of their ease of installation and low cost to the assembler. Thereby, the segment is projected to remain dominant in the market throughout the forecast period. On the other hand, the tubeless tires segment is estimated to portray the highest growth rate in the following years. These tires offer puncture resistance and are more durable as compared to tubed counterparts. Factors such as higher cost of installation and requirement for spoke-less wheels on bicycles have so far curtailed the adoption of tubeless tires across the world.

In 2021, Asia Pacific represented the largest market for bicycle tires, in terms of revenue. The region is primarily supported by countries such as China, India, Thailand, Indonesia, Japan, and South Korea among others. With the rising adoption of bicycles across India and Southeast Asia countries, the demand for bicycle tires is projected to rise perpetually in the following years. As a result, Asia Pacific would continue to dominate the overall bicycle tires market throughout the forecast period, expanding with the highest growth rate.

Europe followed the Asia Pacific, in terms of revenue, in the overall bicycle tires market globally in 2021. Higher adoption of bicycles among the general population especially in countries including the UK, Germany, France, Sweden, the Netherlands, and Denmark, among others, has offered a significant market for bicycle tires in the region. Furthermore, the higher popularity of cycling as a sport accompanied by off-road cycling in some of the major countries in the region offer immense growth opportunities to the overall Europe bicycle tires market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bicycle Tires market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Bicycle Tires market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Bicycle Tires market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Bicycle Tires market?
• Which is the largest regional market for Bicycle Tires market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Bicycle Tires market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Bicycle Tires market worldwide?