Bicycle Tire Market to Grow by $ 542.7 mn in 2020 | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 | Technavio

·7-min read

Technavio has been monitoring the bicycle tire market and it is poised to grow by $ 542.7 mn during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Bicycle Tire Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the bicycle tire market. The market growth in 2020 is likely to Increase compared to the market growth in 2019.

Frequently Asked Questions:

  • What are the major trends in the market?
    Growing bicycle market due to urbanization and increasing fuel prices is a major trend driving the growth of the market.

  • At what rate is the market projected to grow?
    The market will accelerate at a CAGR of over 3% and the incremental growth of the market is anticipated to be $ 542.7 mn.

  • Who are the top players in the market?
    Alta Cycling Group, Cheng Shin Rubber Ind. Co. Ltd., Continental Reifen Deutschland GmbH, Donnelly Cycling, Hermann Hartje KG, Hwa Fong Rubber Ind. Co. Ltd., Michelin Group, Rene Herse Cycles, The Goodyear Tire & Rubber Co., and Trek Bicycle Corp., are some of the major market participants.

  • What is the key market driver?
    The increasing demand for premium bicycles is one of the major factors driving the market.

  • How big is the North America market?
    The North America region will contribute 67% of the market share.

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alta Cycling Group, Cheng Shin Rubber Ind. Co. Ltd., Continental Reifen Deutschland GmbH, Donnelly Cycling, Hermann Hartje KG, Hwa Fong Rubber Ind. Co. Ltd., Michelin Group, Rene Herse Cycles, The Goodyear Tire & Rubber Co., and Trek Bicycle Corp. are some of the major market participants. The increasing demand for premium bicycles will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this bicycle tire market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Bicycle Tire Market 2020-2024: Segmentation

Bicycle Tire Market is segmented as below:

  • Application

    • Manual Bicycles

    • E-bikes

  • Geographic Landscape

    • APAC

    • Europe

    • North America

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41222

Bicycle Tire Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bicycle tire market report covers the following areas:

  • Bicycle Tire Market Size

  • Bicycle Tire Market Trends

  • Bicycle Tire Market Industry Analysis

This study identifies the growing bicycle market due to urbanization and increasing fuel prices as one of the prime reasons driving the bicycle tire market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Bicycle Tire Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist bicycle tire market growth during the next five years

  • Estimation of the bicycle tire market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the bicycle tire market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of bicycle tire market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application placement

  • Manual bicycles - Market size and forecast 2019-2024

  • E-bikes - Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver - Demand led growth

  • Volume driver - Supply led growth

  • Volume driver - External factors

  • Volume driver - Demand shift in adjacent markets

  • Price driver - Inflation

  • Price driver - Shift from lower to higher-priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Alta Cycling Group

  • Cheng Shin Rubber Ind. Co. Ltd.

  • Continental Reifen Deutschland GmbH

  • Donnelly Cycling

  • Hermann Hartje KG

  • Hwa Fong Rubber Ind. Co. Ltd.

  • Michelin Group

  • Rene Herse Cycles

  • The Goodyear Tire & Rubber Co.

  • Trek Bicycle Corp.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201125005669/en/

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