The global bicycle tire market is poised for remarkable expansion over the next decade. Valued at USD 10.15 billion in 2024, the industry is projected to surge to USD 23.50 billion by 2034, reflecting a robust CAGR of 8.8%. Factors such as growing health awareness, environmental concerns, and rising urban mobility needs are significantly fueling market demand.

governments worldwide promoting cycling-friendly infrastructure and consumers increasingly opting for eco-friendly commuting solutions, the bicycle tire market is set to experience steady growth. The rising popularity of cycling is being fueled by multiple factors such as the global shift toward sustainable mobility, increasing urban congestion, and growing consumer interest in fitness and recreational activities. Moreover, the boom in electric bicycles has further accelerated the demand for high-performance tires, as riders seek enhanced safety, speed, and durability.

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Market Trends Highlighted

1. Cycling as a Lifestyle Choice
   Cycling is no longer limited to fitness; it has become a sustainable commuting alternative. Its dual role as a recreational activity and a daily transport solution is boosting demand for high-performance tires suitable for diverse terrains.
2. Rising Popularity of Tubeless Tires
   Tubeless tires are gaining traction due to their puncture resistance, improved grip, and lower air pressure adaptability, making them ideal for mountain bikers and gravel riders. Their dominance reflects consumer preference for safety and comfort.
3. Growth of Electric Bicycles (E-bikes)
   The surge in e-bike adoption worldwide is accelerating demand for durable, lightweight, and high-grip tires. E-bike users prioritize speed, stability, and convenience, driving innovation in tire technology.
4. Advancements in Tire Compounds
   Manufacturers are introducing next-generation rubber compounds to extend tire lifespan, reduce rolling resistance, and enhance safety. Specialized materials are being engineered to adapt to multiple road conditions and ensure long-term performance.
5. Government Support and Public Awareness
   Cycling promotion through subsidies, incentives, and the development of cycling lanes continues to positively influence tire sales. Policies targeting carbon emission reduction further reinforce the industry’s expansion.
6. Urbanization and Traffic Congestion
   The rapid pace of urbanization has made bicycles a preferred choice for short-distance commuting. Limited parking space and traffic gridlocks are boosting reliance on high-performance, durable bicycle tires.
7. Raw Material Price Volatility
   Despite strong demand, fluctuating costs of rubber, steel, and aluminum remain a constraint, putting pressure on manufacturers’ margins and influencing product pricing strategies.

Key Takeaways of the Report

• The bicycle tire market is forecast to expand from USD 10.15 billion in 2024 to USD 23.50 billion in 2034, with an 8.8% CAGR.
• Road bicycles dominate the bicycle type segment with a 22.9% share in 2024, driven by fitness enthusiasts and urban commuters.
• Tubeless tires hold the largest share at 46.5% in 2024, preferred for their puncture resistance and adaptability across terrains.
• OEM sales channels dominate as these tires ensure compatibility, durability, and performance for branded bicycle models.
• Cycling is increasingly viewed as both a health-driven lifestyle choice and a sustainable commuting solution.

Regional Market Outlook

• China: Holding 59% of East Asia’s market share, China is expected to generate USD 1.59 billion by 2034. The growth is supported by expanding e-bike use, urban mobility initiatives, and technological innovations in high-grip tires.
• United States: The U.S. market is projected to reach USD 2.45 billion by 2034, expanding at 7.8% CAGR. Strong consumer awareness around sustainability and widespread cycling infrastructure investments are fueling demand.
• Germany: With projected sales of USD 562.9 million by 2034, Germany leads Western Europe. Its growth is tied to stringent environmental regulations, adoption of sustainable materials, and advanced tire technologies.
• Brazil & India: Emerging economies like Brazil (9.2% CAGR) and India (7.6% CAGR) are witnessing rapid demand growth, driven by expanding urban centers and government promotion of cycling as a cost-effective mobility option.

Leading Players in Bicycle Tire Market

• Continental AG
• Pirelli Tyre S.p.A.
• Kenda Tires
• Michelin
• Krypton Group
• RALSON Tires
• Hutchinson
• Camel Industries Co., Ltd.
• Cheng Shin Rubber Ind. Co. Ltd. (Cheng Shin Tire)
• Inoue Rubber Co., Inc.
• Zhongce Rubber Group Company
• THAI SIN RUBBER INDUSTRY CO., LTD.
• Deestone Corporation Limited
• Vittoria S.p.A.
• TUFO
• Sinochem Holdings
• BETRON VIETNAM CO., LTD
• INNOVA TIRE
• WTB (Wilderness Trail Bikes)
• ONZA Tires

Bicycle Tire Market Analysis by Top Investment Segments

By Bicycle Type:

The bicycle type segment is categorized into Mountain, Hybrid, Electric, Comfort, Youth, Cruiser, and Road.

By Tire Type:

The tire type segment is classified into Tube Tire (Up to 12 inch, 12-22 inch and above 22 inch), Tubeless tire (Up to 12 inch, 12-22 inch and above 22 inch), and Solid Tire (Up to 12 inch, 12-22 inch and above 22 inch).

By Sales Channel:

The sales channel segment is categorized into OEM and Aftermarket.

By Region:

Regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.

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