Bicycle Tire (BC) Market Analysis & Estimation by 2025


25th January 2019 - The global bicycle tire (BC) market is expected to obtain significant CAGR in the anticipated period. In the global era, bicycles are now seen as an efficient mode of transportation, fitness and recreation and are also expected to keep on rising every year. Features such as cycling is fun, cycling is healthy, cycling is a low impact exercise, practical and convenient and moreover it being good for environment gains a lot of traction for the sale of bicycle and bicycle accessories.

However, especially, wheels can be designed that rolls steel strips into hoops are welded into rims, the rims are then drilled to accept spokes which are fastened one round at a time between the hub flange and the rim. Further, a wheel must be trued, straightened in lateral and radial directions to gain a uniform tension. Rim liner, tire and inner tube are then attached, and the chain can be further fit onto the bicycle.

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The rear wheels are fit with a free-wheel, comprising several cogs and spacers that free the rear wheel from crank when the rider halts. The bicycle tires enable an important source of suspension and produce the lateral forces needed for turning and balancing. Driving forces responsible for the growth of bicycle tire (BC) market includes rise in cycle sales owing to growth in cycle and fitness enthusiasts. However, pricing constraints are some factors that may hinder the market growth in the forthcoming period. Based on product segmentation, the bicycle tire (BC) industry includes off-road bike, racing bike and normal bike. Segmentation based on type, the market includes clinchers, tubeless and tubular.

Geographical segmentation for bicycle tire (BC) market includes North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Asia-Pacific market witnessed a significant CAGR growth in the specified period due to rise in fitness enthusiasts and health awareness in people. Also, factors such as availability of various types of bicycle and related accessories are likely to dominate the market growth. Europe and North America bicycle tire (BC) industry anticipated in a higher growth due to rise in demand for terrain bikes coupled with tubeless tyres. Middle-East and African market are also expected to grow rapidly in the near future owing to rise in consumer goods coupled with rise in manufacture of bicycle tire.

The key players in the bicycle tire (BC) market include Michelin, Continental AG, Kenda Tires, Vittoria Group, Maxxis International, Schwalbe Tires, Ralson Tyres, SuomenRengastehdas, Hwa Fong Rubber, Zhoncge Rubber Group Company Limited, Inoue Rubber Co, Vredestein, Challenge and Zipp.

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