Market Overview:
The global cargo bike tire market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for cargo bikes across the globe. Tube Tire segment is expected to account for a major share of the global cargo bike tire market in terms of value and volume during the forecast period. Tubeless Tire segment is projected to grow at a higher CAGR as compared to Tube Tire segment during the forecast period owing to its advantages such as less chances of getting flats, easy installation, and low rolling resistance. OEM application segment is expected hold dominant position in terms of value and volume share throughout the forecast period followed by Aftermarket application segment.
Product Definition:
A cargo bike tire is a type of bicycle tire that is designed to be used with a cargo bike. A cargo bike tire is thicker and wider than a traditional bicycle tire, and it has a deeper tread to provide better traction when carrying heavy loads. Cargo bike tires are also often made from harder rubber compounds, which helps them withstand the wear and tear that comes with carrying heavy loads.
Tube Tire:
The global tube tire, also known as tubeless tires or balloon tires, is a type of tire which has no inner liner and relies on the pressure of the air within the rubber casing to provide stability. The design provides better rolling resistance and lessens chances of flatting while improving grip. These tires are primarily used in heavy-duty applications such as agricultural vehicles and construction equipment.
Tubeless Tire:
Tubeless tires are a type of tire that has been around for quite some time. However, they have gained popularity in the last few years due to their numerous benefits over traditional pneumatic tires. These tires do not require an inner tube and hence are also known as solid tires. They offer several advantages which include better comfort, control and safety over the conventional ones which is expected to drive their demand in the coming years.
Application Insights:
OEMs held the largest market share of over 70% in 2017. The dominant position can be attributed to the extensive use of OEM tires by various manufacturers across different applications. For instance, in November 2017, Bajaj Auto Ltd., one of the leading Indian passenger car manufacturers started using Metzeler tires for its new models. This was a big win for global OEM as it had struggled to penetrate into premium-quality products due to high aftermarket costs and limited availability of replacement parts from original equipment suppliers (OES).
The aftermarket segment is expected to expand at a CAGR exceeding 6% from 2018 to 2030 owingto increasing sales through online channels and bike shops as well as growing demand among consumers looking for affordable products with better quality compared with originals sold through OEM channels. Moreover, growing popularity among bikers who previously purchased expensive bikes but were unhappy with their performance due double tube failure or inner tube blowout will drive growth further.
Regional Analysis:
Europe emerged as the largest regional market in 2017 and accounted for more than 30% of the overall revenue share. The European region is anticipated to dominate the industry over the forecast period, owing to increasing popularity of cargo bikes among millennials and aging population. In addition, rising number of electric vehicle charging stations will further boost sales volume in this region. Asia Pacific is expected to be fastest-growing regional market at a CAGR exceeding 6% from 2018 to 2030 due to growing product adoption by OEMs and strong presence of e-bike manufacturers in China, India, Japan & Taiwan (CJTT). Moreover, supportive government initiatives such as “Make in India†campaign are expected drive demand for these vehicles across automotive manufacturing hubs such as Maharashtra & Gujarat states of India.
Latin America also has potential growth opportunities on account with rising disposable income levels coupled with improving economic conditions across major countries including Brazil and Argentina.
Growth Factors:
- Increasing demand for cargo bikes from e-commerce companies for last mile delivery
- Rising popularity of cargo bikes among urban commuters for short distance travel
- Government initiatives to promote cycling as a mode of transportation
- Growing awareness about the benefits of using cargo bikes over other modes of transportation
- Development of innovative and advanced cargo bike tires that offer better performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Cargo Bike Tire Market Research Report
By Type
Tube Tire, Tubeless Tire, Solid Tire
By Application
OEM, Aftermarket
By Companies
Cheng Shin Rubber Ind, Hutchinson, Trek Bicycle, The Goodyear Tire & Rubber, Specialized Bicycle Components, Michelin, Pirelli, Giant Bicycles, Continental
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Cargo Bike Tire Market Report Segments:
The global Cargo Bike Tire market is segmented on the basis of:
Types
Tube Tire, Tubeless Tire, Solid Tire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cheng Shin Rubber Ind
- Hutchinson
- Trek Bicycle
- The Goodyear Tire & Rubber
- Specialized Bicycle Components
- Michelin
- Pirelli
- Giant Bicycles
- Continental
Highlights of The Cargo Bike Tire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tube Tire
- Tubeless Tire
- Solid Tire
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cargo Bike Tire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cargo Bike Tire is a type of bicycle tire that is designed to be used for transporting cargo. Cargo Bike Tires are usually made from thicker rubber than regular bike tires, and they are often fitted with larger rims to help them handle the weight of heavier items.
Some of the major companies in the cargo bike tire market are Cheng Shin Rubber Ind, Hutchinson, Trek Bicycle, The Goodyear Tire & Rubber, Specialized Bicycle Components, Michelin, Pirelli, Giant Bicycles, Continental.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cargo Bike Tire Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cargo Bike Tire Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cargo Bike Tire Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cargo Bike Tire Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cargo Bike Tire Market Size & Forecast, 2018-2028 4.5.1 Cargo Bike Tire Market Size and Y-o-Y Growth 4.5.2 Cargo Bike Tire Market Absolute $ Opportunity
Chapter 5 Global Cargo Bike Tire Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cargo Bike Tire Market Size Forecast by Type
5.2.1 Tube Tire
5.2.2 Tubeless Tire
5.2.3 Solid Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cargo Bike Tire Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cargo Bike Tire Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cargo Bike Tire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cargo Bike Tire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cargo Bike Tire Analysis and Forecast
9.1 Introduction
9.2 North America Cargo Bike Tire Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cargo Bike Tire Market Size Forecast by Type
9.6.1 Tube Tire
9.6.2 Tubeless Tire
9.6.3 Solid Tire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cargo Bike Tire Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cargo Bike Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Cargo Bike Tire Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cargo Bike Tire Market Size Forecast by Type
10.6.1 Tube Tire
10.6.2 Tubeless Tire
10.6.3 Solid Tire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cargo Bike Tire Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cargo Bike Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cargo Bike Tire Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cargo Bike Tire Market Size Forecast by Type
11.6.1 Tube Tire
11.6.2 Tubeless Tire
11.6.3 Solid Tire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cargo Bike Tire Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cargo Bike Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Cargo Bike Tire Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cargo Bike Tire Market Size Forecast by Type
12.6.1 Tube Tire
12.6.2 Tubeless Tire
12.6.3 Solid Tire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cargo Bike Tire Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cargo Bike Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cargo Bike Tire Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cargo Bike Tire Market Size Forecast by Type
13.6.1 Tube Tire
13.6.2 Tubeless Tire
13.6.3 Solid Tire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cargo Bike Tire Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cargo Bike Tire Market: Competitive Dashboard
14.2 Global Cargo Bike Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cheng Shin Rubber Ind
14.3.2 Hutchinson
14.3.3 Trek Bicycle
14.3.4 The Goodyear Tire & Rubber
14.3.5 Specialized Bicycle Components
14.3.6 Michelin
14.3.7 Pirelli
14.3.8 Giant Bicycles
14.3.9 Continental