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

The Bicycle Tire Market was valued at USD 5.37 billion in 2023, expected to reach USD 5.61 billion in 2024, and is projected to grow at a CAGR of 4.58%, to USD 7.36 billion by 2030.

The bicycle tire market encompasses products developed for a wide range of bicycles, including road bikes, mountain bikes, hybrid models, and e-bikes. The scope of this market is defined by diverse consumer needs such as durability, performance, and terrain adaptability, which drive the demand for innovative and technologically advanced tires. The necessity for these products is rooted in their role in enhancing safety, efficiency, and the overall cycling experience. Application of bicycle tires spans across recreational, sporting, and commuting usage, leading to a broad end-use scope involving individual cyclists, sports teams, and urban commuting professionals. Critical market insights indicate that growing health consciousness, urbanization, and a shift towards eco-friendly transport solutions are key factors propelling this market. The latest opportunities lie in the development of sustainable and high-performance tires, integration of smart technology for enhanced tracking and maintenance, and expansion into emerging markets where bicycle commuting is increasingly popular. However, the market faces limitations such as raw material price volatility and challenges such as ensuring technological adaptability across diverse consumer groups. Pricing competitiveness and regulatory hurdles related to environmental concerns also pose significant challenges. Innovation can be directed towards developing sustainable materials, improving tire lifespan, and integrating digital connectivity, like sensors for tire pressure monitoring. With these developments, the market can expect growth by addressing both consumer demand and environmental sustainability. The nature of the market is dynamic and competitive, demanding continuous innovation and adaptation to emerging trends. Companies should focus on advanced manufacturing technologies and strategic partnerships to stay competitive and capture the evolving consumer base. By addressing these aspects, businesses can position themselves favorably in the growing bicycle tire market, while also pushing forward sustainable practices.

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%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Bicycle Tire Market

The Bicycle Tire Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

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

Porter's Five Forces: A Strategic Tool for Navigating the Bicycle Tire Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Bicycle Tire Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Bicycle Tire Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Bicycle Tire Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Bicycle Tire Market

A detailed market share analysis in the Bicycle Tire Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Bicycle Tire Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Bicycle Tire Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Bicycle Tire Market

A strategic analysis of the Bicycle Tire Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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:

Based on Product, market is studied across Solid Tire, Tube Tire, and Tubeless Tire.
Based on Tire Size, market is studied across 12.1 to 22 inch, Above 22 inch, and Upto 12 inch.
Based on Bicycle Type, market is studied across Electric Bicycles, Folding Bicycles, Mountain Bikes, Recumbent Bicycles, and Road Bicycles.
Based on Sales Channel, market is studied across Aftermarket and Original Equipment Manufacturer.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

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. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

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

Companies Mentioned

1. Amerityre
2. Apollo Tyres Limited
3. Bridgestone Corporation
4. Challenge Tires
5. Cheng Shin Rubber Ind. Co. Ltd.
6. Continental AG by Schaeffler AG
7. Freedom Bicycle
8. Fyxation
9. Giant Manufacturing Co., Ltd.
10. Hero Cycles Limited
11. HUTCHINSON by TotalEnergies SE
12. Kenda Tires
13. Maxxis International
14. Michelin Group
15. Panaracer Corporation
16. Pirelli & C. S.p.A.
17. Ralf Bohle GmbH
18. Shimano, Inc.
19. Specialized Bicycle Components, Inc.
20. Sumitomo Corporation
21. The Goodyear Tire & Rubber Company
22. Toyo Tire Corporation
23. Trek Bicycle Corporation
24. Trelleborg AB
25. Vittoria S.p.A.