Global Bicycle Tires Market Size By Type (Tubed Tires, Tubeless Tires, Airless Tires), By Application (On-Road Application, All Terrain Application), By Geographic Scope And Forecast

Bicycle Tires Market Size And Forecast

Bicycle Tires Market size was valued at USD 7.01 Billion in 2024 and is projected to reach USD 11.08 Billion by 2031, growing at a CAGR of 5.9% from 2024 to 2031

Increasing consumer awareness regarding riding comfort and safety of bicycles is augmenting the sales of bicycles thereby expanding the market growth. The Global Bicycle Tires Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Bicycle Tires Market Definition

Your bicycle tires? They do a lot! They're not just round and black. They're like a mini-suspension system, making your ride smoother even when the road gets bumpy. Think about itthey absorb the shock from all those cracks and pebbles, both front and rear wheels. Plus, they give you the grip you need to brake, speed up, and keep your balance while turning. You'll even see them on handcycles and those super-fast racing wheelchairs. What's driving the tire market? Well, with fuel prices going through the roof, more people are hopping on bikes as a cheaper way to get around. And with cycling competitions becoming more popular, there's a bigger market for replacement tires, meaning lots of opportunities for folks in the bicycle tires market!

So, it looks like sports bicycle sales are going to keep climbing! More and more people are using bikes for fun stuff like trekking and just chilling out, plus there are way more cycling events happening these days. And get this – tons of folks are doing crazy bike trips up mountains and all sorts of gnarly terrain! This whole trend is definitely helping the bicycle tire market too. Oh, and let's not forget about electric bicycles. They're super easy to use, which is a big deal, and the batteries are getting better all the time – smaller, but with way more juice. Plus, these new maintenance-free batteries are making electric bikes even more appealing.

The COVID-19 pandemic? Yeah, that really messed things up for everyone, right? Lockdowns, keeping our distance, and a ton of automotive projects getting put on hold. Basically, the whole thing threw a wrench into the gears of supply chains and made people think twice about buying new bicycle tires, slowing down how fast the market was growing. But hey, governments are trying to get things back on track, so hopefully, we'll see the market bounce back to where it was before before too long. What's interesting is how some of the big players are teaming up with others to get their products out there. Plus, you've got companies striking long-term deals with automakers to keep the wheels turning, so to speak.

Global Bicycle Tires Market Overview

People are really starting to care more about how comfy and safe their bikes are, which is giving bicycle sales a boost and helping the market grow. Things like better materials for tires and modern designs that make bikes comfy and long-lasting are big reasons why people are buying them. Plus, there's a growing demand for fancy, high-end bikes, especially from adventure lovers, serious cyclists, and city folks. This means big opportunities for the Global Bicycle Tires Market down the road. And when it comes to tires for riding on roads, you've got all sorts of smooth, precise options that let you speed up like crazy on those paved surfaces.

Think about those all-terrain tires – they're not just tires, they're your ticket to adventure! With their beefy, wider design and those deep threads, they really grip the ground, offering amazing durability when you're tackling tough, uneven surfaces. That's why you see them everywhere from extreme sports to off-road excursions. And speaking of getting around, more and more people are hopping on bicycles, which is fueling the Bicycle Tires Market. Why? Well, folks are thinking about the environment, their health, and just staying fit. It's pushing people to use bikes for their daily trips. This means more demand for new bikes – whether you're cruising on the road, hitting the trails, or going all-out for sports. Plus, let's face it, there's a growing awareness about living a healthy lifestyle worldwide, and that's definitely contributing too!

It's no surprise that fitness buffs around the globe are hopping on bikes to stay in shape! All that cycling is causing a serious spike in the demand for bicycles. That's great news for the global Bicycle Tires Market! Plus, with fuel prices constantly climbing, more people are turning to bikes as a budget-friendly alternative, further boosting demand. However, it's not all smooth riding. The high cost of bikes and the occasional struggle to find spare parts can slow things down. And let's not forget the booming automotive industry in developing countries – that could definitely pose a challenge to the Bicycle Tires Market down the road.

Global Bicycle Tires Market Segmentation Analysis

The Global Bicycle Tires Market is Segmented on the basis of Type, Application, And Geography.

Bicycle Tires Market, By Type

• Tubed Tires• Tubeless Tires• Airless Tires

Based on Type, The market is segmented into Tubed Tires, Tubeless Tires, and Airless Tires. In 2019, the overall Bicycle Tires Market is led by the tubed tires segment. The segment contributed to nearly 70% of the total market revenue in 2019. A tubed tire is the oldest design of bicycle tires and hence enjoys a prolonged presence in the market.

Bicycle Tires Market, By Application

• On-Road Application• All Terrain Application

Based on Application, The market is segmented into On-Road Application and All Terrain Application. The on-road segment dominates the global market and was valued at US$ 3.3 Bn. in 2020. Increasing demand for well-designed bicycles, production of e- bicycles, high durability, workability, and increased readability are the factors attributing the on-road segment growth.

Bicycle Tires Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Bicycle Tires Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The 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.

Key Players

The “Global Bicycle Tires Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Michelin, Continental AG, Vittoria Group, Kenda Tires, Schwalbe Tires North America, Inc. Suomen Rengastehdas Oy, Ralson Tyres, Zhongce Rubber Group Company Limited, Hwa Fong Rubber Ind. Co., Ltd., and  Maxxis International-USA.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• January 2022All Land Rover Defender models, including the plug-in hybrid, are equipped ex-works with Continental’s 19 and 22-inch CrossContact RX crossover tires. This line of tires was explicitly developed for crossover and sport utility vehicles (SUVs) and features a performance profile that is both sporty and suitable for off-road use.

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dive deep into the market using both numbers and real-world factors to understand different segments. Expect to see market values (in USD Billion!) for each of those segments and sub-segments. We'll pinpoint the region and segment that's likely to be the fastest-growing and the one that will rule the market. Plus, a look at how each region uses the product/service and what's influencing the market there. We'll also map out the competitive landscape, showing you where the big players rank, new service/product launches, partnerships, business expansions, and acquisitions over the last five years for all the profiled companies. You'll get detailed company profiles that cover overviews, insights, product benchmarking, and even SWOT analysis for the major market players. Expect a clear picture of the industry's current and future, including growth opportunities, drivers, challenges, and restraints in both up-and-coming and established regions. We'll even break down the market using Porter's five forces and give you insight into the market via the Value Chain. Finally, we'll explore the market's dynamics and potential growth opportunities in the coming years. Oh, and don't forget the 6-month ^{post-sales analyst support}, just in case!

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.