According to a new market research report published by Credence Research “Bicycle Tires Market - Growth, Future Prospects, Competitive Analysis and Forecast 2017 - 2025”, the global market for bicycle tires was valued at US$ 4.9 billion in 2016 and is expected to grow at CAGR by 5.7 percent during the forecast period from 2017 to 2025.

Browse Full Report at https://www.credenceresearch.com/report/bicycle-tires-market

Market Insights

In recent years, the bicycle tire industry has seen high growth due to factors such as increasing health awareness, resulting in higher sales of bicycles. Due to increased sedentary lifestyles around the world, disorders such as obesity and cardiovascular disease have posed a serious threat to human health. Subsequently, a number of people are turning to healthy practices to maintain a healthy lifestyle. Bicycles are among the easiest and most effective solutions to promote better health and greener modes of travel. Cycling helps to burn nearly 500 calories per hour, providing an excellent workout.

The overall market for bicycle tires is driven mainly by the ever-increasing sales of bicycles worldwide. Several countries, such as China, Japan, and many other European countries, have embraced cycling as their mode of transport. Due to a high level of health awareness across regions, bicycles are experiencing increased fitness and transit acceptance. In addition, the bicycle industry has also seen strong growth due to factors such as the growth of bicycle sports activities and the promotion of national governments. Several national governments are stressing the need to develop a separate infrastructure for cyclists so as to minimize any mishaps on the roads.

Browse Full Report at https://www.credenceresearch.com/report/bicycle-tires-market

In addition to the factors mentioned above, the overall market for bicycle tires is also supported by the advent of several tire designs. Various tire designs, such as tubeless tires, foldable tires, studded tires, puncture-resistant tires, and soft/hard rubber tires, are designed to provide optimum comfort and safety. In addition, all-terrain bicycle tires have been designed over time to ensure a safe and stable ride on any type of surface.

Competitive Insights:

The global market for bicycle tires is fairly fragmented, with a number of leading suppliers of bicycle tires operating in a number of major markets around the world. There is a high level of competition among leading manufacturers of bicycle tires. A consistent increase in the number of people using bicycles on a daily basis has boosted the overall demand for bicycles. As a result, the demand for bicycle tires has also increased significantly. Bicycle tire manufacturers are adopting different strategies, such as expanding their global reach and strengthening their sales and distribution networks. Making partnerships with leading sports professionals and sponsoring major bicycle events for their brand promotion is one of the key strategies inculcated by bicycle tire manufacturers.

Key Trends:

-  Increasing investments and rising number of product launches in the airless (solid) bicycle tires segment

-  Higher demand for tubeless all-terrain tires from consumers for better convenience and usability

-  The market is expected to witness consolidation as large global players seek to acquire small local companies to widen their geographic presence

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58498

List of Companies Covered:

MICHELIN
Continental AG
Vittoria Group
Kenda Tires
Maxxis International–USA
Schwalbe Tires North America, Inc.
SUOMEN RENGASTEHDAS OY
Ralson Tyres.
Zhongce Rubber Group Company Limited
Hwa Fong Rubber Ind. Co., Ltd

Market Segmentation

By Product Type

Tubed
Tubeless
Airless

By Geography Segment Type

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58498

Medium Blog: https://medium.com/@kumarganesh028/bicycle-tires-market-is-expected-to-reach-us-8-1-bn-by-2025-credence-research-ae3b3d25b007