COVID-19 Impacts: Bicycle Tire Market will Accelerate at a CAGR of over 3% through 2020-2024 | Increasing Demand For Premium Bicycles to Boost Growth | Technavio

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)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

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. To make the 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.

Increasing demand for premium bicycles has been instrumental in driving the growth of the market.

Bicycle Tire Market 2020-2024 : Segmentation

Bicycle Tire Market is segmented as below:

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

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41222

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. Our 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 the prime reasons driving the bicycle tire market growth during the next few years.

Bicycle Tire Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the bicycle tire market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the Bicycle Tire Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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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 :

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 placement
• Manual bicycles - 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
• 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

• 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
• 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.
• 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200727005581/en/