Research Report: Bicycle OEM Tires Market (2020-2024) | Demand for Premium Bicycles to boost the Market Growth | Technavio

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

LONDON--()--Technavio has been monitoring the bicycle OEM tires market and it is poised to grow by USD 544.86 million 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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Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The manual bicycles are expected to be the leading segment based on application in the global market during the forecast period.
  • What are the major trends in the market?
  • Developments in robotics to enhance forging operations is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 544.86 million.
  • Who are the top players in the market?
  • Cheng Shin Rubber Ind. Co. Ltd., Continental AG, Derby Cycle Holding GmbH, Dorel Industries Inc., Kenda Rubber Industrial Co. Ltd., Merida Industry Co. Ltd., Michelin Group, Schwalbe Tires North America Inc., THE GOODYEAR TIRE & RUBBER Co., and Trek Bicycle Corp. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Demand for premium bicycles is one of the major factors driving the market. However, the low demand for high-end mountain bicycles in emerging countries restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 63% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cheng Shin Rubber Ind. Co. Ltd., Continental AG, Derby Cycle Holding GmbH, Dorel Industries Inc., Kenda Rubber Industrial Co. Ltd., Merida Industry Co. Ltd., Michelin Group, Schwalbe Tires North America Inc., THE GOODYEAR TIRE & RUBBER Co., and Trek Bicycle Corp. are some of the major market participants. The demand for premium bicycles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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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 OEM Tires Market 2020-2024: Segmentation

Bicycle OEM Tires Market is segmented as below:

  • Application
    • Manual Bicycles
    • E-bikes
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

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Bicycle OEM Tires 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 OEM tires market report covers the following areas:

  • Bicycle OEM Tires Market Size
  • Bicycle OEM Tires Market Trends
  • Bicycle OEM Tires Market Analysis

This study identifies developments in robotics to enhance forging operations as one of the prime reasons driving the bicycle OEM tires 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 OEM Tires Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist bicycle OEM tires market growth during the next five years
  • Estimation of the bicycle OEM tires market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the bicycle OEM tires market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bicycle OEM tires 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
  • Manual bicycle - 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
  • North America - Market size and forecast 2019-2024
  • Europe - 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
  • Cheng Shin Rubber Ind. Co. Ltd.
  • Continental AG
  • Derby Cycle Holding GmbH
  • Dorel Industries Inc.
  • Kenda Rubber Industrial Co. Ltd.
  • Merida Industry Co. Ltd.
  • Michelin Group
  • Schwalbe Tires North America Inc.
  • THE GOODYEAR TIRE & RUBBER Co.
  • Trek Bicycle Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Bicycle OEM Tires Market will grow by USD 544.86 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/