LONDON--(BUSINESS WIRE)--Dec 12, 2019--

The bicycle OEM tires market size is poised to grow at a CAGR of about 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global bicycle OEM tires market 2019-2023. (Graphic: Business Wire)

Premium bicycles have gained immense popularity around the world as they provide a better riding experience and safety features. These premium bicycles are built using advanced technologies, modern designs and high-end materials to offer comfort and durability. Factors such as the increasing average disposable income are contributing to the rising demand for premium bicycles. All these factors are expected to drive the bicycle OEM tires market growth during the forecast period.

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As per Technavio, the emergence of eco-friendly bicycle tires will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Bicycle OEM Tires Market: Emergence of Eco-Friendly Bicycle Tires

Increasing air pollution is pushing manufacturers to reduce the emission resulting from the manufacturing process. Such environmental concerns have paved the way for innovation in terms of eco-friendly tires that are manufactured using pure rubber compounds and low-aromatic oils. The low-aromatic oils have lower levels of harmful compounds, which makes them non-carcinogenic. Thus, the emergence of eco-friendly bicycle tires will drive the growth of the bicycle OEM tires market during the forecast period.

“Other factors such as the development of hand-made premium bicycle tires, and the increasing popularity of non-pneumatic bicycle tire will have a significant impact on the growth of the bicycle OEM tires market value during the forecast period,” says a senior analyst at Technavio.

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Bicycle OEM Tires Market: Segmentation Analysis

This market research report segments the bicycle OEM tires market by application (manual bicycles and e-bikes) and geography (the Americas, APAC, and EMEA).

The APAC region led the market in 2018, followed by Americas and EMEA respectively. The growth in this region is attributed to the considerable growth potential for bicycle OEM tires in emerging economies including China, Japan, and Vietnam. An increasing number of consumers in these developing economies are opting for bicycles as a viable solution for environment conservation which, will lead the APAC region to contribute the highest growth in the market throughout the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191212005414/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 12/12/2019 08:49 AM/DISC: 12/12/2019 08:48 AM

http://www.businesswire.com/news/home/20191212005414/en