The Global Bicycle Tires Market is estimated to exhibit a CAGR of 2.80% during the forecast period of 2021-2028. The rapid increase in the number of cycling events coupled with growing number of cycling rental schemes are also creating the huge demand for bicycle tires and are projected to witness significant growth in the above mentioned forecast period. However, the market of bicycle tires though has certain limitations which can obstruct the potential growth of the market such as the high cost of the bicycles as well shortage of necessary spare parts and accessories, whereas the developing automotive industry in emerging markets have the potential to challenge the growth of the bicycle tires market.
According to Data Bridge Market Research, the bicycle tires market will exhibit a significant rise in its market value. The bicycle tires market has a huge potential to grow over the forecast period of 2021 to 2028, owing to the increasing number of disorders such as obesity and cardiovascular diseases, which has increased because of inactive lifestyle, so people are shifting their focus towards a healthier lifestyle, and cycling is the easiest and efficient solution for it. In addition, the increasing traffic congestion associated with growing fuel prices is also largely influencing the growth of the bicycle tires market.
Currently, Asia-Pacific dominates the global bicycle tires market in terms of market share and market revenue owing to the increasing demand for premium bicycles in this particular region.
Now the question is which are the other regions that the global bicycle tires market is targeting? Data Bridge Market Research has estimated a large growth in Europe owing to the increasing awareness regarding environmental concerns and better disposable income in the region.
For more analysis on the global bicycle tires market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-bicycle-tires-market
The global bicycle tires market is segmented on the basis of countries into U.S., Canada, and Mexico in North America, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
To know more about the study https://www.databridgemarketresearch.com/reports/global-bicycle-tires-market
Key Market Competitors Covered in the Bicycle Tires Market report
Above are the key players covered in the report, to know about more and exhaustive list of bicycle tires market companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-bicycle-tires-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Browse in Automotive Category Related Reports@ https://www.databridgemarketresearch.com/category/automotive
Global Bicycle Tires Market – Industry Trends and Forecast to 2028