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

The bicycle tire provides ideal suspension, generates the longitudinal force required for braking & propulsion, and produces lateral force essential for balancing and turning. Bicycle tires execute a crucial function that eliminates the shock transferred over the front wheels and rear wheels since they move on rough and uneven surfaces. They are used for handcycles and specially designed wheelchairs for racing purposes. The market expansion is due to a growing bicycle fleet as a result of skyrocketing fuel prices, which has prompted vehicle owners to look for alternative modes of transportation. The increasing popularity of cycling competitions has broadened the reach of aftermarket tires sales in the Bicycle Tires Market, and there are numerous opportunities available for people.

Over the coming years, demand for sports bicycles is rising due to the increasing use of bicycles in trekking and leisure activities and an increase in the number of cycling events. In recent years, the number of biking expeditions to difficult terrains such as steep mountain ranges are increased. The growing popularity of such expeditions may drive demand for bicycles, which, in turn, benefits the sales of bicycle tires. The fact that electric bicycles are simple to run, and is contributing to the growth of the Bicycle Tires Market. Furthermore, despite their smaller size, new batteries are being made with higher capacities and longer life and the ease of using electric bicycles is aided by maintenance-free batteries.

The current COVID-19 pandemic crisis has had a major impact on economies across the world, resulting in national lockdowns, social distancing, and the postponement of numerous automotive projects and plans. Disturbance in supply chains and drop in demand from bicycle tires have slowed down market growth prospects. With initiatives taken by governments of various countries to boost economic growth, the market may get back to its original growth rate shortly. To expand their business presence in other parts of the world, key market players are partnering with other market participants. To supply their goods and boost sales several players are working on long-term deals with automotive companies.

Global Bicycle Tires Market Overview

Increasing consumer awareness regarding the riding comfort and safety of bicycles is augmenting the sales of bicycles and expanding the market growth. Technological advancements in the high-end materials of a bicycle tire and modern design that offers comfort and durability are among the factors influencing the end-users to purchase the bicycle. Further, the escalating demand for premium bicycles is higher among all the adventure seekers, cycling enthusiasts, and urban consumers, which provides lucrative growth opportunities to the Global Bicycle Tires Market over the forecast period. The on-road bicycle tires segment comprises various sleek and precision tires that enable higher acceleration over blacktop roads and tracks.

The all-terrain tires segment consists of 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 is driven by increasing users of bicycles in recent years. Various factors like environmental concerns, health, and fitness among other factors, have compelled pedestrians to make use of bicycles for their regular commute. Thereby, the market is witnessing an increasing demand for new bicycles for various applications such as regular on-road use, off-road biking, and sports. In the recent period, there is a remarkable growth in awareness regarding a healthy lifestyle among the worldwide populace.

As a result, health enthusiasts from worldwide are inclined toward performing physical activities like cycling for staying fit. Thus, there is noteworthy growth in demand for bicycles across the world. This factor is fuelling the demand opportunities in the global Bicycle Tires Market. Apart from this, the continuously rising costs of fuel is one of the main factors stimulating demand opportunities in the global market for bicycle tires. However, the market of bicycle tires though has certain limitations which can obstruct the potential growth of the market such as the high cost of the bicycles and shortage of necessary spare parts and accessories, whereas the developing automotive industry in emerging markets have the potential to challenge the growth of the Bicycle Tires Market in the forecast period.

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

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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