Bicycle Tire Market by Product, Tire Size (12.1 to 22 inch, Above 22 inch, Upto 12 inch), Bicycle Type, Sales Channel

List of Tables

[196 Pages Report] The Bicycle Tire Market size was estimated at USD 5.37 billion in 2023 and expected to reach USD 5.61 billion in 2024, at a CAGR 4.58% to reach USD 7.36 billion by 2030.

A bicycle tire is a crucial component of a bicycle, providing the necessary interface between the bicycle and the ground. It is designed to improve the bike's performance by offering traction, supporting the rider's weight, and absorbing surface irregularities. These tires are made from rubber and may incorporate other materials, such as Kevlar and carbon fiber, to enhance durability, puncture resistance, and ride quality. Growth in the bicycle tire market is propelled by factors such as the rise in popularity of cycling as a fitness and recreational activity and increased environmental awareness, leading to a surge in bicycle commuting. However, the volatility of raw material prices and the environmental impact of tire production and disposal impact the market growth. Furthermore, technological innovations in tire materials and design offer improved performance and durability, creating opportunities for manufacturers.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.37 billion
Estimated Year [2024]	USD 5.61 billion
Forecast Year [2030]	USD 7.36 billion
CAGR (%)	4.58%

Regional Insights

In the American region, a rising awareness regarding health and the environment has driven the demand for bicycles, consequently affecting the bicycle tire market. Innovations and advancements such as puncture-resistant tires and lightweight designs are receiving increased focus. Investments in cycling infrastructure and the burgeoning e-bike segment are further propelling market growth. The European Union places a high value on sustainability, leading to a significant demand for eco-friendly bicycle tires. Innovations in this region often focus on reducing the environmental footprint of tire production. Various EU countries have seen a surge in bicycle infrastructure investments, promoting cycling as a greener commute option. In the APAC region, prominent bicycle manufacturers play a crucial role in the bicycle tire market. The region is witnessing a shift towards premium bicycle tires amid growing environmental consciousness and health awareness. The government's initiatives to promote cycling to reduce traffic congestion and pollution have also positively impacted the market.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Bicycle Tire Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing awareness about the healthy lifestyle and trend toward sustainable transport
- Growth in bicycle commuting and recreational cycling activities
- Rising popularity of tubeless tires to increased durability

Market Restraints
- Volatile prices of raw material used in tire manufacturing

Market Opportunities
- Technological innovations in tire materials and design
- Emerging preferences and adoption of e-bicycles among consumers

Market Challenges
- Environmental impact associated with the tire production and disposal

Market Segmentation Analysis
- Product: Growing popularity of tubeless tires among the consumers due to its weight reduction and puncture resistance quality
- Sales Channel: Increasing customization preferences by the consumer boosts the aftermarket sale of tires

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bicycle Tire Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bicycle Tire Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Michelin launches Power Adventure gravel bike tire

Michelin introduced the Power Adventure tire to its esteemed Power range, specifically designed for gravel bikes that navigate both on and off-road terrains. Engineered to minimize rolling resistance while maximizing grip, this tire features a unique tread pattern with a smooth center and small shoulder blocks for seamless transition from asphalt to unpaved surfaces. Incorporating Michelin's new Gum-X Technology enhances grip on dry and wet roads, ensuring a safer and more comfortable ride. [Published On: 2023-06-01]

Bike tires made from NASA's bizarre shape-shifting metal

The Smart Tire Company introduces an innovative leap in cycling technology with its Metl bicycle tires, marking the first commercial utilization of nitinol, a shape-memory alloy comprising nickel and titanium known for its ability to return to a pre-set form when heated. This distinctive feature ensures Metl tires are impervious to flats, offering unparalleled longevity. [Published On: 2023-04-14]

Pirelli partners with Trek mountain bike team

Pirelli has entered into a strategic three-year agreement with Trek Factory Racing, encompassing their Cross Country (XC), Downhill (DH), and Enduro teams. This collaboration sees Pirelli's innovative Scorpion XC, alongside the newly introduced Scorpion Race Enduro and DH tires, being the chosen wheels for these high-performance teams. This partnership aims to spearhead the development of cutting-edge mountain bike (MTB) tires through invaluable feedback and rigorous testing from Trek Factory Racing's elite athletes. [Published On: 2023-01-24]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bicycle Tire Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Bicycle Tire Market, highlighting leading vendors and their innovative profiles. These include Amerityre, Apollo Tyres Limited, Bridgestone Corporation, Challenge Tires, Cheng Shin Rubber Ind. Co. Ltd., Continental AG by Schaeffler AG, Freedom Bicycle, Fyxation, Giant Manufacturing Co., Ltd., Hero Cycles Limited, HUTCHINSON by TotalEnergies SE, Kenda Tires, Maxxis International, Michelin Group, Panaracer Corporation, Pirelli & C. S.p.A., Ralf Bohle GmbH, Shimano, Inc., Specialized Bicycle Components, Inc., Sumitomo Corporation, The Goodyear Tire & Rubber Company, Toyo Tire Corporation, Trek Bicycle Corporation, Trelleborg AB, and Vittoria S.p.A..

Market Segmentation & Coverage

This research report categorizes the Bicycle Tire Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Solid Tire
- Tube Tire
- Tubeless Tire

Tire Size
- 12.1 to 22 inch
- Above 22 inch
- Upto 12 inch

Bicycle Type
- Electric Bicycles
- Folding Bicycles
- Mountain Bikes
- Recumbent Bicycles
- Road Bicycles

Sales Channel
- Aftermarket
- Original Equipment Manufacturer

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-A413C23B631D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing awareness about the healthy lifestyle and trend toward sustainable transport
  - 5.1.1.2. Growth in bicycle commuting and recreational cycling activities
  - 5.1.1.3. Rising popularity of tubeless tires to increased durability
- 5.1.2. Restraints
  - 5.1.2.1. Volatile prices of raw material used in tire manufacturing
- 5.1.3. Opportunities
  - 5.1.3.1. Technological innovations in tire materials and design
  - 5.1.3.2. Emerging preferences and adoption of e-bicycles among consumers
- 5.1.4. Challenges
  - 5.1.4.1. Environmental impact associated with the tire production and disposal
5.2. Market Segmentation Analysis
- 5.2.1. Product: Growing popularity of tubeless tires among the consumers due to its weight reduction and puncture resistance quality
- 5.2.2. Sales Channel: Increasing customization preferences by the consumer boosts the aftermarket sale of tires
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Bicycle Tire Market, by Product

6.1. Introduction
6.2. Solid Tire
6.3. Tube Tire
6.4. Tubeless Tire

7. Bicycle Tire Market, by Tire Size

7.1. Introduction
7.2. 12.1 to 22 inch
7.3. Above 22 inch
7.4. Upto 12 inch

8. Bicycle Tire Market, by Bicycle Type

8.1. Introduction
8.2. Electric Bicycles
8.3. Folding Bicycles
8.4. Mountain Bikes
8.5. Recumbent Bicycles
8.6. Road Bicycles

9. Bicycle Tire Market, by Sales Channel

9.1. Introduction
9.2. Aftermarket
9.3. Original Equipment Manufacturer

10. Americas Bicycle Tire Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Bicycle Tire Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Bicycle Tire Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Michelin launches Power Adventure gravel bike tire
- 13.3.2. Bike tires made from NASA's bizarre shape-shifting metal
- 13.3.3. Pirelli partners with Trek mountain bike team
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio