DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Bicycle Tires Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report to their offering.
The global bicycle tires market was valued at US$ 4.9 Bn in 2016 and is expected to grow at a CAGR of 5.7% during the forecast period from 2017 to 2025.
Bicycle tires industry has witnessed high growth in the recent years on account of factors such as rising health awareness, resulting into higher bicycle sales. Due to increased sedentary lifestyle across the world, disorders such as obesity and cardiovascular diseases have posed serious threat to human health. Subsequently, several people are turning towards healthy practices so as to maintain healthy lifestyle. Bicycles are among the easiest and effective solutions promoting better health and greener mode of commute. Cycling helps burning nearly 500 calories per hour providing an excellent workout session.
The overall bicycle tires market is primarily driven by the consistently rising bicycle sales worldwide. Several countries such as China, Japan and many of the European countries have embraced cycling as their mode of transportation. Due to high health awareness across the regions, bicycles are witnessing increased adoption for fitness as well as transit. Apart from this, the bicycles industry has also witnessed strong growth due to factors such as growing bicycle sports activities and promotional measures undertaken by national governments. Various national governments emphasize on developing a separate infrastructure for cyclists so as to minimize any on-road mishaps.
- 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
- Market is expected to witness consolidation as large global players seek to acquire small local companies to widen their geographic presence
Maxxis International-Usa s)
Schwalbe Tires North America, Inc
Suomen Rengastehdas Oy
Zhongce Rubber Group Company Limited
- Hwa Fong Rubber Ind. Co., Ltd
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Bicycle Tires Market Analysis, by Product Type
Chapter 5 Global Bicycle Tires Market Analysis, by Application
Chapter 6 North America Bicycle Tire Market Analysis
Chapter 7 Europe Bicycle Tire Market Analysisa
Chapter 8 Asia Pacific Bicycle Tire Market Analysis
Chapter 9 Rest of the World Bicycle Tire Market Analysis
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/pq47gt/global_bicycle