What is Bicycle Tubeless Tire Market?
Bicycle tubeless tire is a general cross-section as a conventional clincher, but without an inner tube. Alternative to the tube a layer in the tire casing or liquid sealant is used to make the tire impermeable to air. Increasing demand for the tubeless tire and rising technological development in the tubeless tire by the various manufacturers has led to significant growth of the bicycle tubeless tire market over the forecast period.
The market study is being classified by Type (High Elasticity Tire and Wear-resisting Tire), by Application (Mountain, Sports, Road and Others) and major geographies with country level break-up.
Michelin (France), Trek Bicycle Corporation (United States), Continental AG (Germany), Hutchinson (France), Kenda Rubber Industrial Company (Taiwan), Mavic (France), Cheng Shin Rubber Industry Co. (Taiwan), Nokian Tyres Oyj (Finland), Kenda Tires (United States) and Schwalbe (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Panaracer Corporation (Japan).
Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Bicycle Tubeless Tire market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bicycle Tubeless Tire market by Type, Application and Region.
On the basis of geography, the market of Bicycle Tubeless Tire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Mobility and Sports Bicycle Globally
- Growing Bicycle Market in Developing and Developed Countries
- Rising Disposable Incomes in the Developing Countries
Market Trend
- Increasing Cycling due to Growing Health Consciousness among the People
Restraints
- High-Cost Associated with Bicycle Tubeless Tire
Opportunities
- Increasing Investment in Research and Development and Modern Design With the Latest Technology
- Growing Standard of Living with Luxurious Lifestyles in Developed Economies
On July 17, 2018 Michelin's new POWER Gravel tire is engineered to deliver excellent grip, performance, and durability in a variety of cycling conditions. MICHELIN POWER Gravel can tackle its rider's favorite road or trail while giving the comfort and durability consumers would expect from a Michelin tire.
Key Target Audience
Bicycle Tubeless Tire Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other