The Bicycle Tire Market to witness an exhilarating CAGR of 7.7% between 2021 and 2031
The global bicycle tire market is projected to expand at a CAGR of close to 8% over the forecast period of 2021-2031.
Rising popularity of sporting and recreational activities has driven aftermarket tire sales, owing to regular requirement for tire maintenance services. The manufacturing sector has experienced substantial growth in recent years, and this trend is expected to continue in the future.
Bicycle tires will experience higher sales than ever before as demand for bicycles, especially e-bikes, mountain bikes, and road bikes, surges across regions. Tubeless tires will be in particularly high demand, and the need for increased grip and hassle-free riding experience will continue to grow over the coming years.
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FACTS AT A GLANCE
Companies: Cheng Shin Rubber Ind Co., Ltd.,HUTCHINSON,Trek Bicycle Corporation,The Goodyear Tires & Rubber Company,Specialized Bicycle Components,MICHELIN,Mitas,Pirelli & C. S.p.A.,Giant Bicycles,Continental AG
Coverage: All major geographies and key segments
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Segments: Bicycle Tires Market Segmented By Tube Bicycle Tires, Tubeless Bicycle Tires, Solid Bicycle Tires Product with Mountain Bicycle Tires, Hybrid Bicycle Tires, Electric Bicycle Tires, Comfort Bicycle Tires, Youth Bicycle Tires, Cruiser Bicycle Tires, Road Bicycle Tires
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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Persistence Market Research recently published a revised report on the bicycle tire market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the bicycle tire market will grow over the forecast period of 2021 to 2031.
Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the market over the forecast period.
The study is relevant for manufacturers of bicycle tires, as well as distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the bicycle tire market can leverage the information and statistics presented in Persistence Market Research’s report.
The report includes facts & figures related to the macro- as well as micro-economic factors that are impacting the growth of the market. The study also offers actionable insights based on the future trends in the market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in this industry.
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