Bicycle OEM Tires Market Size was estimated at 8.36 (USD Billion) in 2022. The Bicycle OEM Tires Market Industry is expected to grow from 8.87(USD Billion) in 2023 to 15.125 (USD Billion) by 2032. The Bicycle OEM Tires Market CAGR (growth rate) is expected to be around 6.11% during the forecast period (2024 - 2032).
The most important market driving forces of Bicycle OEM tires are the consideration of cycling as a fitness activity, increasing usage of electric bicycles, and an increase in mountain biking participation as well. The growth of the market is also driven to a great extent by the upsurge in the value of the healthcare sector as people try to purchase high-end tires with better durability, lower rolling resistance and better grip characteristics.
Alternatively, prospects in the OEM bicycle tire market are in the creation of new tire innovations and materials that serve the different needs of various cycling styles. The increasing incidence of tubeless tires and the expanding range of tires made for different surfaces such as on-road, off-road and gravel offer an opportunity for the expansion of the market.
There has been an effective and efficient trend of tubeless bicycle tires that do not call for the use of fittings made of inner tubes, raising the control and puncture resistance of the tires in the posterior period. Likewise, the emerging trend of tires with bigger diameters and better widths with the growing need for comfort and efficiency portrays the emerging usage of tires with lower doming levels. Factors also considered that increasing the usage of e-bikes will also enhance demand for tires with more strength and puncture resistance to electric motors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Cycling has become increasingly popular in recent years as a form of recreation, fitness, and transportation. This has led to a corresponding increase in the demand for bicycles and bicycle components, including tires. The Bicycle OEM Tires Market Industry is expected to continue to benefit from this trend as more and more people discover the joys of cycling. There are a number of factors driving the growing popularity of cycling. One is the increasing awareness of the health benefits of cycling.Cycling is a low-impact exercise that can help to improve cardiovascular health, strengthen muscles, and reduce stress. It is also a great way to get outdoors and enjoy the scenery. Another factor driving the popularity of cycling is the increasing congestion in urban areas. As more and more people move to cities, they are looking for alternative modes of transportation that are faster and more efficient than driving. Cycling is a great option for urban commuters as it is relatively quick and easy to get around in traffic.The growing popularity of cycling is also being fueled by the increasing availability of high-quality bicycles and bicycle components. In recent years, there has been a significant increase in the number of bicycle manufacturers and brands, and this has led to a wider range of bicycles and components to choose from. This has made it easier for people to find a bicycle that meets their needs and budget. The increasing popularity of cycling is expected to continue to drive the growth of the Bicycle OEM Tires Market Industry in the coming years.As more and more people discover the joys of cycling, the demand for bicycles and bicycle components will continue to increase.
The rising demand for electric bicycles is another major driver of growth for the Bicycle OEM Tires Market Industry. Electric bicycles are becoming increasingly popular as a way to reduce commute times, save money on gas, and improve fitness. They are also a great option for people who live in hilly areas or who have difficulty riding a traditional bicycle. There are a number of factors driving the growing demand for electric bicycles. One is the increasing cost of fuel.As the price of gas continues to rise, more and more people are looking for alternative modes of transportation that are more affordable. Electric bicycles are a great option as they can significantly reduce the cost of commuting. Another factor driving the demand for electric bicycles is the increasing availability of charging stations. In recent years, there has been a significant increase in the number of charging stations for electric vehicles, including bicycles.This has made it easier for people to own and operate an electric bicycle. The rising demand for electric bicycles is expected to continue to drive the growth of the Bicycle OEM Tires Market Industry in the coming years. As more and more people discover the benefits of electric bicycles, the demand for these vehicles is expected to continue to increase.
The increasing focus on sustainability is also driving the growth of the Bicycle OEM Tires Market Industry. As more and more people become aware of the environmental impact of their choices, they are looking for ways to reduce their carbon footprint. Cycling is a great way to reduce emissions and improve air quality. There are a number of factors driving the increasing focus on sustainability. One is the growing awareness of climate change.As more and more people learn about the effects of climate change; they are looking for ways to reduce their impact on the environment. Cycling is a great way to reduce greenhouse gas emissions and improve air quality. Another factor driving the increasing focus on sustainability is the rising cost of fossil fuels. As the price of gas continues to rise, more and more people are looking for ways to save money on transportation. Cycling is a great option as it is a relatively inexpensive way to get around.
Bicycle OEM tires are a crucial component of the global bicycle industry, with their market segmentation playing a vital role in understanding the diverse needs of cyclists. Among the key segments, tire type holds significant importance, with tubeless tires and tube-type tires representing two distinct categories with unique characteristics and market dynamics. Tubeless tires, gaining popularity in recent years, offer several advantages over traditional tube-type tires. Their lack of an inner tube eliminates the risk of punctures, providing enhanced puncture resistance and a smoother ride experience.Additionally, tubeless tires allow for lower tire pressure, improving grip and traction, especially on rough terrain. These advantages have led to their growing adoption in mountain biking and other off-road cycling disciplines. The Bicycle OEM Tires Market revenue for tubeless tires is projected to reach USD 1.89 billion by 2024, exhibiting a steady growth rate. On the other hand, tube-type tires remain a popular choice for many cyclists due to their lower cost and ease of repair. They consist of an inner tube encased within the tire, providing a simpler and more affordable option compared to tubeless tires.Tube-type tires are commonly used in recreational and urban cycling, where puncture resistance and low rolling resistance are less critical. The Bicycle OEM Tires Market data suggests that the tube-type tires segment is expected to account for a significant share of the market in the coming years, driven by their widespread adoption of entry-level and budget-oriented bicycles. The choice between tubeless tires and tube-type tires depends on various factors such as cycling discipline, terrain, and personal preferences. Tubeless tires offer superior performance and puncture resistance, while tube-type tires provide a more cost-effective and easy-to-repair option.The Bicycle OEM Tires Market segmentation insights indicate that both segments are expected to witness growth in the coming years, catering to the diverse needs of cyclists worldwide.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Bicycle OEM Tires Market is segmented by rim size into 20 inches and Below, 24 to 27 Inches, and 28 Inches and Above. Among these segments, the 28 Inches and Above segment is expected to hold the largest market share in 2023, owing to the increasing demand for mountain bikes and road bikes, which typically use larger rim sizes. The 24 to 27 Inches segment is also expected to witness significant growth, driven by the rising popularity of hybrid bikes and electric bikes. The 20 inches and Below segment is expected to account for a smaller share of the market, primarily due to the declining popularity of BMX bikes and children's bikes, which typically use smaller rim sizes.
The Material segment of the Bicycle OEM Tires Market is segmented into Natural Rubber, Synthetic Rubber and Composites. Natural Rubber held the largest market share of 64.19% in 2023 due to its superior elasticity, durability, and traction. Synthetic Rubber, on the other hand, is expected to witness the highest growth rate of 7.23% during the forecast period, owing to its lower cost and improved performance characteristics. This growth can be attributed to the increasing popularity of cycling as a recreational and fitness activity, as well as the growing demand for high-performance tires from professional cyclists.
The Bicycle OEM Tires Market is segmented by Application into Road Bikes, Mountain Bikes, Hybrid Bikes, Electric Bikes, and Folding Bikes. The Road Bikes segment is expected to account for the largest market share in 2023, driven by the increasing popularity of road cycling. The Mountain Bikes segment is expected to grow at the fastest CAGR during the forecast period due to the growing popularity of mountain biking as a recreational and competitive sport. The electric bike segment is also expected to grow significantly, driven by the increasing adoption of electric bikes as a sustainable and convenient mode of transportation.The Hybrid Bikes segment is expected to account for a significant market share due to its versatility and suitability for a wide range of riding conditions. The Folding Bikes segment is expected to grow at a steady pace, driven by the increasing demand for compact and portable bikes for urban commuting.
The regional segmentation of the Bicycle OEM Tires Market offers valuable insights into the geographical distribution of market growth and opportunities. North America holds a significant market share, driven by the growing popularity of cycling as a fitness and recreational activity. The European market is also substantial, with an established cycling infrastructure and a strong presence of bicycle manufacturers. The Asia-Pacific region is projected to witness the fastest growth, owing to the increasing demand for bicycles in emerging economies and the presence of major bicycle production hubs.South America and the Middle East and Africa (MEA) regions are expected to contribute a smaller but growing share of the global market. These regional insights are crucial for market players to understand the specific growth drivers and challenges in each region, enabling them to tailor their strategies accordingly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Bicycle OEM Tires Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolio, and acquiring smaller players. Leading Bicycle OEM Tires Market players are also focusing on strategic partnerships and collaborations to strengthen their market position. The Bicycle OEM Tires Market industry is characterized by intense competition, with a number of well-established and emerging players. Some of the key competitive strategies adopted by players in the Bicycle OEM Tires Market include product innovation, cost optimization, and geographical expansion.Maxxis International is a leading player in the Bicycle OEM Tires Market industry. The company offers a wide range of bicycle tires for various applications, including road, mountain, and BMX. Maxxis International has a strong global presence, with operations in over 150 countries. The company's products are known for their high quality and performance, and it has a loyal customer base. Maxxis International is constantly investing in research and development to stay ahead of the competition.Another major player in the Bicycle OEM Tires Market industry is Schwalbe. The company specializes in the production of high-quality bicycle tires for various applications. Schwalbe has a strong global presence, with operations in over 60 countries. The company's products are known for their durability and performance, and it has a loyal customer base. Schwalbe is constantly investing in research and development to stay ahead of the competition.
Panaracer
Vittoria Tyre
Cheng Shin Rubber
WTB
Innova Tire
Vee Tire Co
Specialized
Maxxis
Trelleborg
Michelin
Arisun Industriess
Hutchinson
Continental
The Bicycle OEM Tires Market is anticipated to reach USD 15.125 billion by 2032, registering a CAGR of 6.11% from 2024 to 2032. The increasing popularity of cycling for recreation and fitness, coupled with rising disposable income and growing health consciousness, is fueling market growth. Furthermore, the growing adoption of electric bicycles, which require specialized tires, is creating additional demand for Bicycle OEM Tires. Additionally, government initiatives to promote cycling and improve infrastructure are driving market expansion. Key players such as Michelin, Continental, and Schwalbe are focusing on innovation and the development of high-performance tires to cater to the evolving needs of cyclists and meet increasing demand.
Tubeless Tires
Tube-Type Tires
20 inches and Below
24 to 27 Inches
28 Inches and Above
Natural Rubber
Synthetic Rubber
Composites
Road Bikes
Mountain Bikes
Hybrid Bikes
Electric Bikes
Folding Bikes
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 8.36(USD Billion) |
| Market Size 2023 | 8.87(USD Billion) |
| Market Size 2032 | 15.125(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 6.11% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Schwalbe, Panaracer, Vittoria Tyre, Cheng Shin Rubber, WTB, Innova Tire, Vee Tire Co, Specialized, Maxxis, Trelleborg, Michelin, Arisun Industriess, Hutchinson, Continental, Kenda Rubber |
| Segments Covered | Tire Type, Rim Size, Material, Application, Regional |
| Key Market Opportunities | Increasing demand for lightweight and durable materials Growing popularity of electric bicycles Expanding ecommerce platforms Government initiatives promoting cycling Rising disposable income and health consciousness |
| Key Market Dynamics | Rising demand for e-bikes Technological advancements Increased focus on sustainability Growing popularity of cycling Expansion of OEM partnerships |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Bicycle OEM Tires Market is valued at USD 8.87 billion in 2023 and is expected to reach USD 15.125 billion by 2032, with a CAGR of 6.11%.
North America is expected to dominate the Bicycle OEM Tires Market throughout the forecast period.
Rising demand for bicycles, increasing disposable income, and growing popularity of cycling as a fitness activity are the key growth drivers of the Bicycle OEM Tires Market.
Bicycle OEM Tires are primarily used in mountain bikes, road bikes, and hybrid bikes.
Michelin, Maxxis, Continental AG, Kenda Rubber Industrial Co. Ltd, and Cheng Shin Rubber Industry Co. Ltd. are the key competitors in the Bicycle OEM Tires Market.
The average selling price of Bicycle OEM Tires varies depending on the type, size, and brand of the tires.
China is the largest exporter of Bicycle OEM Tires, while the United States is the largest importer.
The key trends in the Bicycle OEM Tires Market include the increasing popularity of tubeless tires, the growing demand for wider tires, and the rising adoption of electric bikes.
Fluctuating raw material prices, intense competition, and the impact of e-commerce are some of the key challenges faced by the Bicycle OEM Tires Market.
The future outlook for the Bicycle OEM Tires Market is positive, with the market expected to grow at a steady pace over the forecast period.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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