Cargo Bike Tire Market – Analysis, Outlook, Growth, Trends, Forecasts
DUBAI, United Arab Emirates, Jan. 14, 2022 (GLOBE NEWSWIRE) — The cargo bike tire market worth is projected to develop at 12.2% CAGR between 2021 and 2031 and market quantity is anticipated to develop at a CAGR of 11.6% over the forecast interval.
Cargo Bike Market Value (2021A) |
US$ 162.7 Mn |
|
Cargo Bike Market Estimated Year Value (2022E) |
US$ 181.1 Mn |
|
Cargo Bike Market Projected Year Value (2031F) |
US$ 515.5 Mn |
|
Value CAGR (2021-2031) |
12.2 |
% |
According to Future Market Insights (FMI), over the forecast interval from 2021 to 2031, the worldwide cargo bike tire market is projected to develop at a CAGR of 12.2%.
Key elements driving the cargo bike tire market are greater life-span provided by cargo bikes, rise within the variety of miles being ridden by cargo bikes every year, rising concern in the direction of security and upkeep, and technological developments to provide higher grip and efficiency of tires.
Request for Report Sample – https://www.futuremarketinsights.com/reports/sample/rep-gb-13694
As metropolis streets maintain clogging up at a fast pace, cargo bicycles have emerged as one of the productive and advantageous strategies of transportation for cargo corporations. Driven by this the gross sales of cargo bikes will choose up tempo globally and this pattern will proceed via the course of the forecast interval.
Steered by implementation of stringent emission management norms, the market gamers are focusing in on the manufacturing of electrical cargo bike. Various gamers working within the cargo bike tire business are anticipated to increase their product portfolio within the forthcoming years.
Key Takeaways from Market Study
-
By product kind, tubeless tire are anticipated to account for gross sales of greater than 60% within the international market.
-
Three wheeled cargo bikes held a market share of about 45% when it comes to cargo bike kind available in the market.
-
By area, Europe is projected to maintain greater than 65% of the worldwide market.
-
Tubeless tire is projected to be the quickest rising section when it comes to product kind, exhibiting a CAGR of 12.7%
-
The 26 inches tires section is projected to account for 38% of the market primarily based on tire dimension.
Cargo Bike Tire Market Competitive Landscape
The market has been described as barely fragmented globally. Some of the main market members embrace Cheng Shin Rubber Ind., Goodyear Tire & Rubber Company, Ralf Bohle GmbH (Schwalbe), Trek Bicycle Corp., Hutchinson, Zhongce Rubber Group Company Limited, Michelin Group, Trelleborg Group, Continental AG, Kenda Tires, PT. Inustri Karet Deli, WTB, Vittoria S.p.A., Ralson Tyres, Metro Tyres, Mitas, Panaracer Corporation, HWA Fong Rubber Co., Ltd. (Duro Tires) and others.
Key organizations are investing in analysis and growth to provide higher merchandise to increase their market share. Just a few organizations working within the cargo enterprise, together with DHL, UPS, and Amazon plan to take a look at the aptitude of cargo bikes in New York City, and have launched a take a look at case program to decrease site visitors congestions in particular elements of Manhattan.
Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-13694
Cargo Bike Tire Market Projection
Cargo bike tires will witness a big improve in demand due to rising cargo bike gross sales and rising variety of individuals selecting for environmentally pleasant e-bikes. Manufacturers are additionally being influenced by environmental regulation to develop merchandise that undertake expertise enhancements.
About the Automotive Division of FMI
The automotive division of FMI presents a novel method and modern perspective within the evaluation of the commercial automation market. Comprehensive protection of capital, moveable, course of, development, industrial, and particular function equipment throughout the manufacturing sector and distinctive evaluation concerning the put in base, consumables, alternative, USP-feature-application matrix make us a pioneering voice within the business. We are most popular associates with established in addition to budding business stakeholders, and channel companions when it comes to sustaining, rising, and figuring out new income prospects.
Scope of Report
Attribute |
Details |
Forecast Period |
2021-2031 |
Historical Data Available for |
2016-2020 |
Market Analysis |
USD Million for Value and Units for Volume |
Key Regions Covered |
North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa |
Key Countries Covered |
US, Canada, Germany, U.Ok., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Oceania, GCC Countries, Turkey, and South Africa |
Key Segments Covered |
Product Type, Tire Size, Cargo Bike Type, Sales Channel, and Region |
Key Companies Profiled |
|
Report Coverage |
Market forecast, model share evaluation, competitors intelligence, DROT evaluation, market dynamics and challenges, strategic progress initiatives |
Customization & Pricing |
Available upon Request |
Explore FMI’s Extensive ongoing Coverage on Automotive Domain
Aircraft Transparencies market: According to newest research, plane transparencies market is about to witness regular progress throughout 2021-2031.
Aerospace Accumulator Market: According to newest analysis, aerospace accumulator market is about to witness regular progress throughout 2021-2031.
Aero Engine Coatings Market: According to newest analysis, the aero engine coatings market is about to witness regular progress throughout 2021-2031.
Active Spoiler Market: As per the continuing research, energetic spoiler market will develop at a constructive charge throughout 2021-2031.
Camshaft Lifters Market: According to the analysis, the Camshaft Lifters market is anticipated to exhibit wholesome progress between 5% and 6% in the course of the evaluation interval of 2021 to 2031.
Aircraft Refueling Hose Market: According to newest analysis, the plane refueling hose market is projected to increase between 4.0% and 6.0% CAGR in the course of the 2020-2026 evaluation interval.
Boat Hook Market: According to current research, the worldwide boat hook market is predicted to develop at a CAGR of three% to 5% between 2021 and 2031.
Bus Flooring Market: According to the research, the bus flooring market is projected to exhibit a marginal progress charge between 3% and 4% in the course of the evaluation interval of 2021 to 2031.
Crankshaft Position Sensor Market: According to analysis, the crankshaft place sensor market is anticipated to improve multi-fold throughout 2021 to 2031, reflecting a CAGR of 8%-10% over the stated interval.
Automotive Convertible Top Market: According to research, the convertible high market is projected to witness progress of over 6% CAGR in the course of the forecast interval 2021- 2031.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a number one supplier of market intelligence and consulting providers, serving shoppers in over 150 international locations. FMI is headquartered in Dubai, and has supply facilities within the UK, U.S. and India. FMI’s newest market analysis studies and business evaluation assist companies navigate challenges and make vital selections with confidence and readability amidst breakneck competitors. Our personalized and syndicated market analysis studies ship actionable insights that drive sustainable progress. A workforce of expert-led analysts at FMI constantly tracks rising tendencies and occasions in a broad vary of industries to be sure that our shoppers put together for the evolving wants of their customers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: gross sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/cargo-bike-tire-market
Press Release Source: https://www.futuremarketinsights.com/press-release/cargo-bike-tire-market