North America Bicycle Tires Market Synopsis:
North America Bicycle Tires Market Size Was Valued at USD 1.27 Billion in 2023, and is Projected to Reach USD 2.22 Billion by 2032, Growing at a CAGR of 6.4 % From 2024-2032.
Bicycle tires are specialized rubber parts made to fit bicycle wheels, offering traction, stability, and shock absorption during rides. They are available in multiple sizes, tread designs, and materials to accommodate various bicycle types and riding environments. Bicycle tires are essential for influencing a bike's effectiveness, comfort, and safety on different surfaces, such as roads, trails, and off-road areas.
Bicycle tires are utilized across different cycling sports and environments. Road tires are engineered for asphalt surfaces, providing high-speed capability, efficiency, and reduced rolling resistance. They are available in different widths and designs to accommodate various riding styles. Mountain bikes are designed for rugged landscapes, offering grip, resilience, and stability in different trail environments. Hybrid tires are adaptable choices made for use on smooth roads as well as mild off-road surfaces in city settings. Touring tires are designed for long-range cycling and heavy bicycle touring, providing durability, comfort, and dependability throughout extensive trips.
The broader feature designs, strengthened shells, and puncture-proof layers are built to endure the challenges of touring and bike packing trips. Gravel tires are made for unpaved routes, gravel trails, and varied landscapes. They showcase broad profiles, robust casings, and tread designs with closely arranged small knobs to ensure grip and stability on lose ground while maintaining rolling efficiency on smoother areas. Cyclocross tires are designed specifically for cyclocross competitions, merging off-road cycling with challenges and barriers that necessitate getting off and carrying the bike. They have textured tread designs for grip in mud, grass, sand, and various difficult terrains.
The increasing popularity of cycling for transportation, leisure, and sport has resulted in a rise in demand for bicycle tires. Tires deteriorate as time passes, and cyclists frequently replace them to enhance performance, grip, comfort, or resistance to punctures. The various cycling disciplines, such as road cycling, mountain biking, commuting, touring, and gravel riding.
North America Bicycle Tires Market Trend Analysis:
Increased Awareness of Health and Fitness
- The bicycle tire market is influenced by the increasing consciousness of health and fitness, resulting in heightened cycling participation. Health-focused buyers emphasize performance and efficiency in selecting cycling gear, like tires, that provide minimal rolling resistance, superior grip, and longevity. The need for specialized tires stems from the unique requirements of cyclists, including those who favor lightweight, high-pressure tires for optimal speed and efficiency, or those who seek aggressive tread designs for off-road adventures.
- Cyclists participate in extended riding periods, necessitating durable and dependable bicycle tires for a safe and comfortable journey. The heightened consciousness about health and fitness motivates people to embrace active lifestyles, including biking to work, leisure cycling, or joining group rides and cycling events. This change in lifestyle fuels the ongoing demand for bicycle tires throughout different market segments.
- Riding a bicycle provides physical health benefits and ecological perks, as it lowers carbon emissions and encourages green transportation. Consumers influenced by these factors might opt for cycling as a means of transport or leisure, thereby increasing the need for bicycle tires.
Rapid Advancements in Tire Technology
- The swift progress in bicycle tire technology can create difficulties for the market, such as the expense of innovation, product differentiation, compatibility and standardization issues, consumer education needs, supply chain adjustments, and environmental effects. The expense of innovation can be significant, particularly in price-sensitive markets.
- Compatibility problems can occur between new tire designs and current bicycle frames, rims, and parts, making the buying process more complicated. Teaching consumers is crucial for assisting cyclists in making knowledgeable choices regarding tire selection, upkeep, and performance features. Adapting the supply chain is essential for maintaining product quality, consistency, and availability.
- The environmental impact also raises concerns, since new materials, production methods, and disposal factors could affect the ecological footprint of bicycle tires. Despite these difficulties, fast progress in tire technology can provide chances for innovation, distinctiveness, and enhanced performance. Product differentiation is essential to set products apart from rivals, yet the swift speed of technological advancements may result in a saturated market.
North America Bicycle Tires Market Segment Analysis:
North America Bicycle Tires Market is Segmented based on Type, Application, and Distribution channel.
By Type, Tubeless segment is expected to dominate the market during the forecast period
- Tubeless tires are less susceptible to flats than traditional tubed tires since they lack an inner tube that could get punctured. This characteristic is particularly appealing to cyclists, whether they are mountain biking on rugged landscapes or road cycling on littered roads.
- Tubeless tires generally exhibit reduced rolling resistance in comparison to tires with tubes. This may lead to a more seamless and efficient journey, making them favored by performance-driven cyclists who strive for every edge possible.
- Tubeless tires enable cyclists to use reduced tire pressures without the danger of pinch flats. This can enhance traction, comfort, and control, especially in off-road situations where grip is essential.
- Tubeless tires work with sealant, which can automatically seal minor punctures as they happen. This self-sealing characteristic provides an additional level of defense against flats and enables cyclists to continue cycling without pausing to repair a flat tire.
By Application, On-road Application segment dominate the market during the forecast period
- As urban growth persists and more individuals choose bicycles for transportation, particularly in cities with robust cycling facilities, the need for on-road bicycle tires logically rises. Numerous people utilize bicycles for traveling to their jobs, completing errands, or enjoying casual rides on paved paths, which makes on-road tires crucial.
- Road cycling, both as a sport and leisure activity, has become increasingly popular around north America. Cyclists engaging in road races, group rides, or merely relishing lengthy rides on smooth surfaces favor specialized on-road tires crafted for speed, traction, and
- Bicycle tires for on-road use are designed for optimal performance and efficiency. They frequently showcase designs tailored for reduced rolling resistance, improved traction on asphalt, and lightweight materials, all of which lead to smoother rides and enhanced handling on paved roads.
- Safety a crucial factor for cyclists, especially when navigating city areas with vehicles. On-road tires are engineered to ensure dependable grip and stability on surfaces, minimizing the chances of accidents or losing control.
North America Bicycle Tires Market Top Key Players:
- Bontrager (U.S.)
- WTB (Wilderness Trail Bikes) (U.S.)
- Specialized Bicycle Components (U.S.)
- Donnelly Cycling (U.S.)
- Hutchinson Tires (U.S.)
- Teravail (U.S.)
- Continental (U.S.)
- CST Tires (U.S.)
- Continental AG (Germany)
- Schwalbe (Germany)
- Michelin (France)
- Hutchinson (France)
- Mavic (France)
- Vredestein (Netherlands)
- Vittoria Industries Ltd. (Italy)
- Challenge Tires (Italy)
- Panaracer (Japan)
- Maxxis (Taiwan), and Other Active Players.
Key Industry Development in the North America Bicycle Tires Market:
- In November 2024, Bontrager launched two new mountain tires designed for aggressive trail riding and endure racing. These innovative tires were crafted to deliver exceptional grip, durability, and performance on challenging terrains. With a focus on meeting the demands of advanced riders, Bontrager ensured the designs provided enhanced control and confidence in technical conditions. The launch underscored Bontragerās commitment to pushing the boundaries of tire technology, catering to the needs of riders seeking top-tier performance.
- In January 2024, WTB launched their first-ever fat tire, the Bailiff, designed specifically for winter trail riding. Combining four decades of tire design expertise with extensive testing in northern climates, the Bailiff delivered a class-leading performance for snow-covered expeditions. Featuring tall, widely spaced side knobs, the tire effortlessly shed snow and dirt, ensuring optimal grip during cornering, while the tightly grouped centre knobs enhanced rolling efficiency.
North America North America Bicycle Tires Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.27 Bn |
Forecast Period 2024-32 CAGR: |
6.4% |
Market Size in 2032: |
USD 2.22 Bn |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Distribution Channel |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Chapter 1: Introduction
ā1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
ā3.1 Industry Dynamics and Opportunity Analysis
āā3.1.1 Growth Drivers
āā3.1.2 Limiting Factors
āā3.1.3 Growth Opportunities
āā3.1.4 Challenges and Risks
ā3.2 Market Trend Analysis
ā3.3 Strategic Pestle Overview
ā3.4 Porter's Five Forces Framework
ā3.5 Industry Value Chain Mapping
ā3.6 Regulatory Framework
ā3.7 Pricing Trend Analysis
ā3.8 Patent Analysis
ā3.9 Technology Evolution
ā3.10 Investment Pockets
ā3.11 Import-Export Analysis
Chapter 4: North America Bicycle Tires Market by Type
ā4.1 North America Bicycle Tires Market Snapshot and Growth Engine
ā4.2 Market Overview
ā4.3 Tubed
āā4.3.1 Introduction and Market Overview
āā4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā4.3.3 Key Market Trends, Growth Factors and Opportunities
āā4.3.4 Tubed: Geographic Segmentation Analysis
ā4.4 Tubeless
āā4.4.1 Introduction and Market Overview
āā4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā4.4.3 Key Market Trends, Growth Factors and Opportunities
āā4.4.4 Tubeless: Geographic Segmentation Analysis
ā4.5 Airless
āā4.5.1 Introduction and Market Overview
āā4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā4.5.3 Key Market Trends, Growth Factors and Opportunities
āā4.5.4 Airless: Geographic Segmentation Analysis
Chapter 5: North America Bicycle Tires Market by Application
ā5.1 North America Bicycle Tires Market Snapshot and Growth Engine
ā5.2 Market Overview
ā5.3 On road Application
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 On road Application: Geographic Segmentation Analysis
ā5.4 All Terrain Application
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 All Terrain Application: Geographic Segmentation Analysis
Chapter 6: North America Bicycle Tires Market by Distribution Channel
ā6.1 North America Bicycle Tires Market Snapshot and Growth Engine
ā6.2 Market Overview
ā6.3 Specialty Bike Shops
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Specialty Bike Shops: Geographic Segmentation Analysis
ā6.4 Online Retailers
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Online Retailers: Geographic Segmentation Analysis
ā6.5 Department Stores
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Department Stores: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Benchmarking
āā7.1.2 North America Bicycle Tires Market Share by Manufacturer (2023)
āā7.1.3 Industry BCG Matrix
āā7.1.4 Heat Map Analysis
āā7.1.5 Mergers and Acquisitionsāā
ā7.2 BONTRAGER (US)
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Operating Business Segments
āā7.2.5 Product Portfolio
āā7.2.6 Business Performance
āā7.2.7 Recent News & Development
āā7.2.8 SWOT Analysis
ā7.3 WTB (WILDERNESS TRAIL BIKES) (US)
ā7.4 SPECIALIZED BICYCLE COMPONENTS (US)
ā7.5 DONNELLY CYCLING (US)
ā7.6 HUTCHINSON TIRES (US)
ā7.7 TERAVAIL (US)
ā7.8 CONTINENTAL (US)
ā7.9 CST TIRES (US)
ā7.10 CONTINENTAL AG (GERMANY)
ā7.11 SCHWALBE (GERMANY)
ā7.12 MICHELIN (FRANCE)
ā7.13 HUTCHINSON (FRANCE)
ā7.14 MAVIC (FRANCE)
ā7.15 VREDESTEIN (NETHERLANDS)
ā7.16 VITTORIA INDUSTRIES LTD (ITALY)
ā7.17 CHALLENGE TIRES (ITALY)
ā7.18 PANARACER (JAPAN)
ā7.19 MAXXIS (TAIWAN)
ā7.20 OTHER ACTIVE PLAYERS
Chapter 8:North America Bicycle Tires Market Analysis, Insights and Forecast, 2016-2028
ā8.1 Market Overview
ā8.2 Key Market Trends, Growth Factors and Opportunities
ā8.3 Key Players
ā8.4 Historic and Forecasted Market Size By Type
āā8.4.1 Tubed
āā8.4.2 Tubeless
āā8.4.3 Airless
ā8.5 Historic and Forecasted Market Size By Application
āā8.5.1 On road Application
āā8.5.2 All Terrain Application
ā8.6 Historic and Forecasted Market Size By Distribution Channel
āā8.6.1 Specialty Bike Shops
āā8.6.2 Online Retailers
āā8.6.3 Department Stores
ā8.7 Historic and Forecast Market Size by Country
āā8.7.1 U.S.
āā8.7.2 Canada
āā8.7.3 Mexico
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Conclusion
Chapter 10 Our Thematic Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
North America North America Bicycle Tires Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.27 Bn |
Forecast Period 2024-32 CAGR: |
6.4% |
Market Size in 2032: |
USD 2.22 Bn |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Distribution Channel |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the North America Bicycle Tires Market research report is 2024-2032.
Bontrager (U.S.), WTB (Wilderness Trail Bikes) (U.S.), Specialized Bicycle Components (U.S.), Donnelly Cycling (U.S.), Hutchinson Tires (U.S.), Teravail (U.S.), Continental (U.S.), CST Tires (U.S.), Continental AG (Germany), Schwalbe (Germany), Michelin (France), Hutchinson (France), Mavic (France), Vredestein (Netherlands), Vittoria Industries Ltd. (Italy), Challenge Tires (Italy), Panaracer (Japan), Maxxis (Taiwan), and Other Active Players, and Other Active Players.
The North America Bicycle Tires Market is segmented into Type, Application, Distribution Channel, and region. By Type, the market is categorized into Tubed, Tubeless, and Airless. By Application, the market is categorized into On-road Applications and All Terrain Applications. By Distribution Channel, the market is categorized into Specialty Bike Shops, Online Retailers, and Department Stores. By region, it is analyzed across North America (U.S.; Canada; Mexico)
Bicycle tires are specialized rubber parts made to fit bicycle wheels, offering traction, stability, and shock absorption during rides. They are available in multiple sizes, tread designs, and materials to accommodate various bicycle types and riding environments. Bicycle tires are essential for influencing a bike's effectiveness, comfort, and safety on different surfaces, such as roads, trails, and off-road areas.
North America Bicycle Tires Market Size Was Valued at USD 1.27 Billion in 2023, and is Projected to Reach USD 2.22 Billion by 2032, Growing at a CAGR of 6.4 % From 2024-2032.