#Bicycle Tire market analysis

[globalgrowthinsights]

Ginger Market Developments, Trends & Opportunities till 2032

Ginger Market provides in-depth analysis of the market state of Ginger manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Ginger in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Ginger Market Report:

The report offers a comprehensive and broad perspective on the global Ginger Market.

The market statistics represented in different Ginger segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Ginger are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Ginger.

Major stakeholders, key companies Ginger, investment feasibility and new market entrants study is offered.

Development scope of Ginger in each market segment is covered in this report. The macro and micro-economic factors affecting the Ginger Market

Advancement is elaborated in this report. The upstream and downstream components of Ginger and a comprehensive value chain are explained.

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Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market - Forecast(2024 - 2030)

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Overview

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market is forecast to reach $362.14 Million by 2025, after growing at a CAGR of 3.2% during 2020-2025. Resorcinol is used to produce resorcinol formaldehyde (RF) resin to improve the adhesion of rubber and other materials in rubber products, wood adhesives, flame retardants, UV stabilizers, dyes, and others. The global COVID-19 pandemic has caused manufacturing activities around the globe to abruptly pause, impacting the market for rubber as well as their development and processing. The most critically affected end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial machinery, manufacturing, and electronics.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Report Coverage

The report: “Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market. 

By Form – Powder, Pellets and Crystal, and Liquid. 

By Application – Printing Inks, Plastics, Coatings, Solvents, Personal Care Ingredients, Resins, Rubber, and Others.

By Region – North America, South America, Europe, APAC, and RoW.

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Key Takeaways

Growing demand from tyre manufacturing sector in automotive industry, and wood binding adhesive applications, tends to increase the growth of the market.

APAC is dominating the overall resorcinol market due to the rise of automotive manufacturing facilities.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) is produced from hydroperoxidation process, which includes the highest share in the overall market.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Segment Analysis -By Application

Rubber includes the highest share and dominates the overall Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) market. The growing demand for manufacturing tyres from the automotive industry makes the positive scenario is majorly boosted by the growth momentum of replacement tires market. In addition, the demand of Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) for the production of personal care ingredients is expected to witness higher growth in upcoming years.

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Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Segment Analysis -By Geography

Asia-Pacific dominated the global market owing to the robust demand from developing nations including China and India. The region being a manufacturing hub for automotive is of the propelling factor for the resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) market growth in the region. Currently, there are two major resorcinol producers in the world, Amino-Chem from China and Sumitomo Chemical Company from Japan, the Amino-Chem itself includes the highest production capacity of about 40,000 Mt/y, where Sumitomo Chemicals includes about 32,000 Mt/y. Being the highest producers of resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene), APAC consists the highest share across the globe.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Drivers

Growing demand in rubber industry

Rubber products dominated the application segment, and it is expected to continue its dominance over the forecast period. Resorcinol is widely used for tire manufacturing for a variety of applications such as automotive tires, bicycles, and aircraft. The usage of chemical improves the overall rubber compound processability. It also results in the increase of static as well as dynamic modulus of rubber. Also, it does not have any effect on the overall vulcanization process of rubber and enhances the steel cord adhesion. Such inherent advantages are expected to benefit the segment demand growth over the upcoming years. Also, United States represents one of the largest and the most advanced tire market in the world by providing home to some of the largest tire manufacturers in the world, such as Goodyear Tire & Rubber Co., Cooper Tire & Rubber Co., Michelin and Bridgestone Americas Tire Operations (over 70% of the market share is reported with these four companies). Such factors in turn are estimated to boost the demand for the resorcinol market during the forecast period.

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Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Challenges

Hazardous nature and higher cost tend to constrain the growth of the market

Resorcinol is harmful if swallowed, inhaled or absorbed through skin and causes eye and skin irritation. The compound is irritating to mucous membranes and upper respiratory tract. Depending on the intensity and duration of exposure, effects may vary from mild irritation to severe burns. Resorcinol is regarded as goitrogenic, causing hypo-thyroidism following persistent exposure, e.g. through intake of drinking water polluted with resorcinol from coal gasification and shale oil production, or through use as topical ointment on skin lesions. In addition, resorcinol also includes high cost. Currently, according to Trademap, the price of resorcinol has been increased at rapid pace resorcinol. The main factor impacting the price is the shutdown of resorcinol production plants in major region. Manufacturer such as Indspec Chemical, the only producer in U.S, had shut down its production in July 2017, the low outcome from the plant in order to compete in the market place oversupply and low-efficient manufacturing process, was the major factor behind the cause.

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Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) market. In 2019, the market of Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) has been consolidated by the top five players accounting for xx% of the share. Major players in the Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market are Amino-Chem, Sumitomo Chemicals, Elementis PLC, Indspec Chemical Corp., Atul Limited, Alfa Aesar, and Kraeber & Co Gmbh among others.

[vijukumar]

Automotive Tires Market: Analysis and Business Opportunities

The tire market stands as a cornerstone of the automotive and aviation industries, reflecting the pulse of transportation worldwide. From everyday commuters to heavy-duty machinery, tires play a pivotal role in ensuring smooth mobility. In this comprehensive exploration, we delve into the intricate web of the tire market, analyzing its trends, challenges, growth factors, and business opportunities.

Tire Market Overview:

The tire market encompasses a wide array of products tailored to various vehicles, from bicycles to airplanes. The global tire market size reached US$ 164.9 Billion in 2023. Looking forward, expects the market to reach US$ 256.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.It is deeply intertwined with the automotive sector, with the demand for tires directly influenced by vehicle production and sales. Moreover, the aviation industry relies on specialized airplane tires engineered to withstand the unique demands of flight operations.

Tire Industry Analysis:

A thorough analysis of the tire industry unveils a landscape shaped by technological advancements, regulatory standards, economic fluctuations, and consumer preferences. Market players continuously innovate to enhance tire performance, safety, and sustainability, driving competition and market evolution.

Tires Market Trends:

Several trends are reshaping the tire market. With the rise of electric vehicles (EVs), there's a growing demand for tires optimized for EV performance and efficiency. Additionally, advancements in autonomous driving technology drive the need for tires capable of supporting advanced driver-assistance systems (ADAS). Furthermore, the popularity of all-terrain vehicles (ATVs) fuels innovation in off-road tire designs.

Automotive Tires Market:

The automotive tires market remains the largest segment within the tire industry. With the diversity of vehicles on the roads, tire manufacturers must cater to different performance requirements, climates, and driving conditions. The demand for premium and high-performance tires continues to grow, driven by consumer preferences for safety and durability.

Tire Industry Research Reports:

In-depth research reports provide valuable insights into market dynamics, competitive landscapes, emerging trends, and future projections. These reports serve as indispensable tools for industry stakeholders, guiding strategic decision-making and investment strategies.

Tire Market Business Opportunities:

Despite challenges such as raw material price fluctuations and regulatory constraints, the tire market offers numerous business opportunities. Companies can capitalize on the growing demand for specialized tires, expand into emerging markets, and invest in sustainable manufacturing practices to gain a competitive edge.

Tire Market Challenges:

The tire industry faces various challenges, including supply chain disruptions, environmental concerns related to tire disposal, and geopolitical uncertainties impacting raw material sourcing. Additionally, the transition towards electric and autonomous vehicles presents technological and logistical challenges for tire manufacturers.

Tires Market Growth Factors:

Despite challenges, the tire market continues to grow, driven by factors such as urbanization, population growth, increasing vehicle ownership rates, and infrastructure development. Technological advancements and shifting consumer preferences contribute to market expansion, fostering innovation and competition.

Tire Market Insights:

Insights derived from market research, consumer feedback, and industry expertise are essential for staying ahead in the tire market. By understanding market trends and consumer needs, companies can develop innovative products, optimize manufacturing processes, and strengthen their competitive position.

Tire Market Research Reports:

Comprehensive research reports provide actionable insights into market dynamics, competitive landscapes, and emerging opportunities. These reports equip industry stakeholders with the knowledge needed to navigate the complexities of the tire market and make informed decisions.

Tyre Industry Market Share:

Market share analysis is critical for understanding competitive dynamics and identifying key players dominating different segments of the tire industry. By assessing market share data, companies can benchmark their performance, identify growth opportunities, and formulate strategies for sustainable growth.

Airplane Tires:

Airplane tires represent a specialized segment of the tire market, engineered to withstand extreme conditions encountered during takeoff, landing, and flight operations. Factors such as tire size, durability, and load-bearing capacity are crucial considerations for aircraft safety and performance.

Airplane Tires Size:

The size of airplane tires varies depending on the type of aircraft and its weight requirements. Commercial airliners typically require larger tires capable of supporting heavy loads, while smaller aircraft use smaller tires. Size specifications play a critical role in ensuring safe and efficient flight operations.

All-Terrain Vehicle Tires:

The popularity of all-terrain vehicles (ATVs) has driven demand for specialized tires designed to navigate diverse terrain types. Off-road tires feature rugged tread patterns, enhanced traction, and durability to withstand harsh conditions. Understanding consumer preferences and market trends is essential for manufacturers to meet the evolving needs of ATV enthusiasts. In conclusion, the tire market is a dynamic and multifaceted industry shaped by technological innovation, consumer preferences, and regulatory dynamics. By staying abreast of market trends, leveraging research insights, and embracing sustainable practices, companies can navigate the ever-changing terrain of the tire market and thrive in a competitive landscape.

[blueweave8]

Greece Tire Market Industry Trends, Analysis, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Greece tire market size at USD 425.73 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Greece tire market size to grow at a CAGR of 2.3% reaching a value of USD 499.19 million by 2029. The growth of the Greece tire market is primarily driven by several key factors. Firstly, an expanding automotive industry and increasing vehicle ownership rates boost demand for replacement tires. Growing awareness of the importance of road safety and tire maintenance encourages regular tire replacements. Further, the country's thriving tourism sector fuels demand for commercial vehicle tires, as well as rental car and tour bus fleets. Environmental concerns and government regulations promoting fuel-efficient and eco-friendly tires also contribute to market growth. Also, advancements in tire technology, such as improved durability and performance, attract consumers seeking high-quality products.

Tire – Overview

A tire is a crucial component of a vehicle, serving as the only point of contact between the vehicle and the road surface. Typically made of rubber and reinforced with various materials, tires provide traction, support, and cushioning for smooth and safe transportation. They come in various sizes, designs, and types to suit different vehicles and driving conditions, including passenger cars, trucks, bicycles, and motorcycles. Tires play a significant role in vehicle performance, affecting aspects like handling, fuel efficiency, and safety. Regular maintenance, including proper inflation and tread inspection, is essential to ensure tire longevity and roadworthiness.

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Impact of COVID-19 on Greece Tire Market

The COVID-19 pandemic had a significant impact on the Greece tire market. Lockdowns and travel restrictions reduced vehicle usage, leading to a decline in tire demand. Manufacturing and supply chain disruptions also affected tire production and availability. With economic uncertainties, consumers postponed non-essential purchases, including tire replacements, impacting sales. However, as restrictions eased, there was a gradual recovery in the market due to pent-up demand and increased emphasis on personal vehicles over public transport. The pandemic accelerated the shift towards e-commerce in tire sales, as consumers sought contactless shopping options. Overall, the Greece tire market experienced a downturn initially but showed signs of resilience and adaptation.

Greece Tire Market - By Type of Tire

On basis of the type of tire, Greece tire market is split into Radial and Bias segments. The radial segment emerges as a larger and more prominent market segment. Radial tires, known for their advanced construction and performance characteristics, have gained significant traction within the Greek market, surpassing bias tires in popularity and market share. This dominance can be attributed to radial tires' superior traction, fuel efficiency, and overall durability, making them the preferred choice among consumers and businesses alike. As a result, radial tires continue to drive growth and innovation in the Greek tire industry, reflecting the evolving preferences of consumers and the automotive sector.

Competitive Landscape

Greece tire market is fiercely competitive. Major companies in the market include Michelin, Bridgestone, Continental, Goodyear, Pirelli, Dunlop, Yokohama, Toyo, Hankook, and Kormoran. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Greece Tire Market.

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Israel Tire Market Scope, Trends, Analysis, Report 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Israel tire market size at USD 612.16 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Israel tire market size to grow at a CAGR of 3.24% reaching a value of USD 765.25 million by 2029. Israel tire market has seen several notable patterns. The need for environmentally friendly and fuel-efficient tires has increased as the importance of sustainable mobility has increased. Also, as a result of technology improvements, more smart tires with embedded sensors are being used for improved performance and safety monitoring. Due to consumer demand for better driving experiences, the Israel market has seen a trend toward premium and specialized tires. Online retail channels have become more popular, making it easier to buy tires. However, shifting raw material prices and legislative changes provide significant difficulties. Overall, environmental awareness, innovation, and shifting consumer tastes are all present in the Israeli tire market.

Israel Tire Market – Overview

A tire is a circular, rubber-constructed component commonly used in vehicles to provide traction, support, and cushioning between the vehicle and the road surface. It consists of various layers including tread, sidewall, and inner liner, designed to offer grip, stability, and resistance to wear. Tires come in diverse types tailored for specific purposes like passenger cars, trucks, motorcycles, and bicycles, with variations for different terrains and weather conditions. Regular maintenance is essential to ensure proper inflation, tread depth, and overall condition, as tires play a pivotal role in vehicle safety, efficiency, and performance.

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Impact of COVID-19 on Israel Tire Market

Israel tire market experienced significant shifts due to COVID-19. Initially, lockdowns and supply chain disruptions led to reduced consumer demand and production delays. Remote work and limited travel suppressed car usage, affecting replacement tire sales. However, a subsequent surge in e-commerce and home deliveries boosted demand for commercial vehicle tires. As restrictions eased, pent-up demand resulted in a rebound, though uncertainties remained. The market adapted to changing preferences, emphasizing online sales and safety-related tire features. Overall, COVID-19 prompted a reshaping of Israel's tire sector, prompting flexibility and innovation to navigate the evolving landscape.

Israel Tire Market – By Demand Category

By demand category, Israel tire market is split into OEM and Replacement segments. These segments demarcate the primary avenues through which tires are integrated into the automotive landscape. The OEM segment dominates the Israel tire market by demand category. The OEM segment encompasses the tires that are directly incorporated into new vehicles during their manufacturing process. This category underscores the collaboration between automakers and tire manufacturers to ensure optimal performance and compatibility.

On the other hand, the replacement segment involves the tires that are purchased by vehicle owners to replace worn-out or damaged tires on existing vehicles. This segment is influenced by factors like vehicle maintenance, road conditions, and consumer preferences

Competitive Landscape

Israel tire market is fiercely competitive. Major companies in the market include Michelin, Bridgestone, Goodyear, Continental, Pirelli, Hankook, Yokohama, Toyo Tires, Nokian Tyres, and Maxxis. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Israel tire market.

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BlueWeave Consulting & Research Pvt. Ltd

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[electrichub]

In-Depth Analysis: Which is More Cost-Effective, Electric Cars or Bikes?

The world is undergoing a significant transformation in the way we perceive and approach transportation. With growing concerns about climate change, air pollution, and the rising cost of traditional automobiles, there's a burgeoning interest in eco-friendly alternatives. Two such options gaining popularity are electric cars and electric bikes. But, when it comes to cost-effectiveness, which one reigns supreme? In this in-depth analysis, we will delve into the economic aspects of electric cars versus electric bikes to determine which offers a more cost-effective solution. Contact The Electric Tips for more info.

Electric Cars: The Cost Considerations

Electric cars, often referred to as EVs, have gained prominence as a cleaner and more sustainable mode of transportation. However, the cost implications of owning an electric car are multifaceted.

Purchase Price: The upfront cost of electric cars is typically higher than their gasoline counterparts. This is largely due to the expensive lithium-ion batteries that power these vehicles. While the price gap is narrowing, it remains a significant consideration for many buyers.

Operating Costs: Where electric cars shine is in their lower operating costs. Electricity is generally cheaper than gasoline, and the efficiency of electric motors means lower energy consumption per mile. Maintenance costs are also often lower, as EVs have fewer moving parts that can wear out.

Charging Infrastructure: To use an electric car effectively, you need access to charging infrastructure. While many public charging stations are free or inexpensive, installing a home charging station can be a considerable upfront expense.

Resale Value: Electric cars tend to have a better resale value compared to traditional vehicles due to their longer-lasting batteries and the demand for used EVs in the market.

Electric Bikes: The Economics of E-Biking

Electric bicycles, or e-bikes, offer a different perspective on cost-effectiveness. They are designed for shorter commutes and urban travel, and their cost considerations differ from electric cars.

Purchase Price: E-bikes are generally more affordable than electric cars. Their prices can vary widely based on factors like brand, battery capacity, and features. In many cases, e-bikes cost a fraction of what you would pay for an electric car.

Operating Costs: E-bikes have exceptionally low operating costs. Charging an e-bike's battery is remarkably inexpensive, and their maintenance requirements are minimal. Tires, brakes, and occasional battery replacement are the primary ongoing expenses.

Infrastructure: E-bikes do not require special charging infrastructure. You can charge them using a standard electrical outlet, making them highly accessible and convenient.

Resale Value: While e-bikes have a lower initial cost, their resale value is generally not as high as electric cars. However, this can vary based on factors like brand reputation and overall condition.

Comparative Analysis

To determine which is more cost-effective, electric cars or e-bikes, we need to consider various factors:

Total Cost of Ownership (TCO): Electric cars tend to have a higher TCO due to their initial purchase price, whereas e-bikes have lower TCO, mainly because of their affordability and minimal operating costs.

Use Case: The choice between an electric car and an e-bike often depends on your commuting needs. If you require long-distance travel or have a family, an electric car might be more practical. For short commutes and urban travel, an e-bike can be a cost-effective solution.

Charging Infrastructure: Electric cars depend on an evolving charging infrastructure, while e-bikes can be charged at home with standard outlets, reducing the infrastructure-related costs.

Maintenance: Both electric cars and e-bikes benefit from reduced maintenance costs compared to their gasoline-powered counterparts. However, e-bikes have the edge in this regard.

In the quest for a cost-effective and sustainable mode of transportation, the choice between electric cars and e-bikes is not one-size-fits-all. It depends on your specific needs, budget, and lifestyle.

Electric cars offer a practical solution for those who require long-range travel and have the means to invest in charging infrastructure. They excel in reducing operating costs, long-term value, and contribute significantly to environmental sustainability.

On the other hand, e-bikes shine as a remarkably cost-effective and environmentally friendly option for short commutes and urban travel. They are budget-friendly, have low operating costs, and promote personal health and well-being.

Ultimately, the decision between electric cars and e-bikes hinges on a balance between financial considerations, environmental concerns, and individual preferences. In an era where sustainability and affordability are at the forefront, both electric cars and e-bikes offer compelling solutions to meet diverse transportation needs while contributing to a greener future.

[marketinsight12]

A Bicycle Tires is equipment that is fitted on the wheel of a bike, wheelchair, or cycle. It is usually used to maintain the ideal suspension, to produce the exact amount of force needed the suspension needed for a break, and to take a turn or ride it smoothly. Bicycle Tires report comprises of studied and detailed analysis of the segmentation done for the Bicycle Tires market.

Global Bicycle Tires Market Report 2022-2028 | Overview and Outlook by Potential Growth | IMR

[alliedcreation]

Bike Trainers Market is projected to reach $362.6 million by 2031, growing at a CAGR of 6.9% from 2022 to 2031

 “Bike Trainers Market," The bike trainers market size was valued at $162.00 million in 2021, and is estimated to reach $362.6 million by 2031, growing at a CAGR of 6.9% from 2022 to 2031. The smart bike trainers segment is growing at the fastest rate during the forecast period.

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A bike trainer is an equipment that enables stationary cycling. It is frequently used to warm up before races or when riding conditions are poor outside. Market prospects for bike trainers are being created by the fast-expanding e-sports trend. Equipment for e-cycling competitions must include bike trainers. Using software and apps, these trainers enable people to join and participate in such activities while remaining at home. Cycling competitions for e-sports are being organized by market players and sports groups. The first-ever cue cycling e-sports world championship, for instance, was held in 2020 at Zwift and UCI's facilities. Other firms are working hard to create an innovative cycling discipline and e-sports platform.

For maximum stability, while riding, the bike is securely attached to the bike trainer. This leads to two issues: first, the clamps may scratch or even destroy the quick-release levers, and second, the bicycle frame may also be damaged. The other problem is that the applied pressure causes the rear tire to deteriorate more quickly than the front. The resistance system of the bike trainer is what causes the pressure on the rear tire. These factors hinder the market for bike trainers globally by reducing the bike trainers market demand.

According to bike trainers market analysis, the bike trainers market is analyzed on the basis of type, application, distribution channel, and region. By type, the market is divided into smart bike trainers and classic bike trainers. Among these, the classic bike trainers segment occupied the major bike trainers market share in 2021 and is projected to maintain its dominance during the forecast period. Classic bike trainers are used for cardio workouts to reduce excess weight and strengthen hip and knee joints.

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By application, the market is divided into training, fitness, and others. The training segment is growing at a moderate rate during the forecast period. Professional cyclists are the ones who use bike trainers the most. Large-scale use of bike trainers as indoor cycling equipment is prevalent. More people ride bikes in the U.S. in 2017 than in 2013, when there were over 43 million. Bike trainers have gained popularity because of at-home training. In 2020, consumer preferences for home bike trainers will likely be positively impacted by the COVID-19 pandemic. These bike trainers market trends is driving the market growth.

By distribution channel, it is classified into online and offline. The online segment is anticipated to grow at highest CAGR during the forecast period. Customers are encouraged to purchase bike trainers online by an increase in discounts and deals, as well as the popularity of various internet portals in rising economies. Online sales channels have expanded the consumer base as well, which has contributed to its development as a substantial source of revenue for many organizations.

Exporters in both developed and developing nations faced several difficulties because of the COVID-19 pandemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacturers of bike trainers, which in turn hindered bike trainers market expansion. As a result, the COVID-19 epidemic had a negative influence on the bike trainers market in 2020.

The major players analyzed for global bike trainers industry are BKOOL, CA Global, Garmin Ltd., ELITE SRL, Kurt Manufacturing Company, Minoura Co. Ltd, Stages Cycling LLC, TECHNOGYM S.p.A, Wahoo Fitness LLC, Wattbike Ltd, Qingdao Magene Intelligence Technology Co., Ltd., Decathlon SA, JetBlack Cycling, Alpcour, and Feedback Sports LLC.

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KEY FINDINGS OF STUDY

By type, the classic bike trainers segment was the highest revenue contributor to the market, with $94.0 million in 2021, and is estimated to reach $190.0 million by 2031, with a CAGR of 5.8%.

By application, the fitness segment was the highest revenue contributor to the market, with $85.6 million in 2021, and is estimated to reach $185.7 million by 2031, with a CAGR of 6.5%.

By distribution channel, the offline segment was the highest revenue contributor to the market, with $106.6 million in 2021, and is estimated to reach $235.0 million by 2031, with a CAGR of 6.7%.

Region wise, North America was the highest revenue contributor, accounting for $56.3 million in 2021, and is estimated to reach $117.8 million by 2031, with a CAGR of 6.1%.

[decaffeinatedfirelover]

Grupo Elektra SAB de CVCompany Market Analysis Report - Company Market size - Company profile

Grupo Elektra SAB de CV (Grupo Elektra) offers retail and financial solutions through its subsidiaries. It offers retail products such as electronics, appliances, furniture, motorcycles, tires, accumulators, bicycles, cell phones, and computers among others through Elektra and Salinas y Rocha store formats in Mexico, Guatemala, Honduras, Panama, and Peru. Grupo Elektra SAB de market analysis Grupo Elektra SAB de Company Profile

The group’s financial product offerings include cards, accounts, deposits, insurance, loans, and leasing. It also provides services such as foreign exchange, electronic money transfer, internet banking, retirement fund management, and credit information. It operates in Mexico, the US, Peru, Guatemala, Honduras, and Panama. Grupo Elektra is headquartered in Mexico City, Mexico.

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Bicycle Tire Market Prospects and Growth Assessment 2033

The global bicycle tire market is projected to expand at a CAGR of close to 7.8% over the forecast period of 2023-2033.Due to the increasing need for tyre maintenance services caused by the popularity of sporting and leisure activities, aftermarket tyre sales have increased. The manufacturing industry has expanded significantly in recent years, and this expansion is anticipated to continue.

By 2023, the market for bicycle tyres is anticipated to be worth US$7,271.6 million, according to Persistence Market Research. The rising fleet of bicycles and high fuel expenses are driving the growth. Additionally, the higher cost of fuel has prompted vehicle owners to hunt for more eco-friendly and efficient substitutes. By 2033, the market for bicycle tyres is anticipated to have grown to US$ 15,410.5 million, with a 7.8% CAGR from 2023 to 2033.

As demand for bicycles, especially e-bikes, mountain bikes, and road bikes, soars throughout areas, bicycle tyres will see larger sales than ever before. The demand for more grip and a hassle-free riding experience will expand over the next years, and tubeless tyres will be in particular high demand.

Key Takeaways from Market Study

Low-cost manufacturing in Southeast Asia and Africa, as well as new transportation routes, are expected to fuel demand for bicycle tires by opening up significant logistic opportunities.

Government laws and regulations that enforce the provision of incentives for the adoption of e-bikes are in place in European countries such as Germany, Denmark, and the Netherlands, which will boost sales of bicycle tires.

Tubeless tires to account for over 40% of the global market value due to capability of steadiness, less frequent punctures, and better grip.

Due to a positive outlook for bicycle sales, demand in South Asia and Asia Pacific is increasing. Aggressive marketing of prospective distributors in key countries in South Asia and Pacific, as well as MEA, may benefit players in these regions even more.

Around half of global bicycle tire sales are projected to come from East Asia.

Tire size 12-22 inches would be the most in demand, accounting for nearly 40% of total market share.

Aftermarket sales channel to account for nearly two-third of overall of bicycle tires.

“Increasing traffic and deteriorating congestion & air quality are putting the spotlight on cycling as an environment-friendly mode of transportation, thereby catalyzing demand for bicycle tires,” says a Persistence Market Research analyst.

Market Landscape Identified to Be Fairly Fragmented

The global bicycle accessory market has been characterized as a highly fragmented space, with the unorganized sector accounting for a significant portion of the total market.

Some of the leading market participants included in this report are Cheng Shin Rubber Ind Co., Ltd., HUTCHINSON, Trek Bicycle Corporation, The Goodyear Tire & Rubber Company, Specialized Bicycle Components, MICHELIN, Mitas, Pirelli & C. S.p.A., Giant Bicycles, and Continental AG, who account for a fair share of the market.

To increase market footprint, key players are focusing on research and innovation for the development of better products. To meet the needs of an increasing customer base, manufacturers are pursuing strategic alliances with regional end consumers, distributors, and other market participants. Key players are collaborating and forming alliances with other regional players and automobile manufacturers.

Want to Know More?

Persistence Market Research, a research and consulting firm, has published a revised market research report on the bicycle tire market that contains global industry analysis of 2016-2020 and opportunity assessment for 2021-2031. The report provides in-depth analysis of the market through different segments, namely, product type, tire size, sales channel, bicycle, and region.

Key Market Segments Covered

Product Type

Tube Bicycle Tires

Tubeless Bicycle Tires

Solid Bicycle Tires

Tires Size

Up to 12 Inch Bicycle Tires

12 to 22 Inch Bicycle Tires

Above 22 Inch Bicycle Tires

Bicycle type

Mountain Bicycle Tires

Hybrid Bicycle Tires

Electric Bicycle Tires

Comfort Bicycle Tires

Youth Bicycle Tires

Cruiser Bicycle Tires

Road Bicycle Tires

Sales Channel

Bicycle Tires Sold through OEMs

Bicycle Tires Sold in Aftermarket

For More Info @ https://www.persistencemarketresearch.com/market-research/bicycle-tire-market.asp

Region

North America

Latin America

Europe

East Asia

South Asia & Pacific

Middle East & Africa