Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 5.8 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of bicycle tires the region, the Value – Chain analysis, and the PORTER’s analysis for the Bicycle Tires Market at a global level.
Drivers: Bicycle sales have been steadily increasing throughout the world, which is driving the global bicycle tire market. Cycling has become a popular form of transportation in a number of countries, including China, Japan, and several European countries. Bicycles are seeing growing popularity for exercise and transit as a result of improved health awareness throughout the regions. Aside from that, the bicycle business has grown rapidly due to reasons such as increased bicycle sports activities and government-sponsored advertising campaigns. Various governments place a high priority on building a distinct infrastructure for bicycles in order to reduce on-road accidents.
The study is consolidated based on two major segments and further into sub-segments, By Type (Tubed Tires, Tubeless Tires, Airless Tires), By Tire Size (Upto 12 inch, 12 to 22 inches, above 22 inches), By Application (On-Road Application, All Terrain Application) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Cheng Shin Rubber Ind. Co. Ltd. (Cheng Shin Tire), Trek Bicycle Corporation, Fyxation Bicycle Co., Continental, Kenda Tires, Hutchinson, Suomi Tyres, MICHELIN, 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.) in the Bicycle Tires Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Bicycle Tires Market.”
https://www.maximizemarketresearch.com/market-report/bicycle-tires-market/122357/
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