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)
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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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:
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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:
Value chain analysis
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 Segmentation by Application
Comparison by Application placement
Manual bicycles - Market size and forecast 2019-2024
E-bikes - Market size and forecast 2019-2024
Market opportunity by Application
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
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 positioning of vendors
Alta Cycling Group
Cheng Shin Rubber Ind. Co. Ltd.
Continental Reifen Deutschland GmbH
Hermann Hartje KG
Hwa Fong Rubber Ind. Co. Ltd.
Rene Herse Cycles
The Goodyear Tire & Rubber Co.
Trek Bicycle Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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