According to Future Market Insights (FMI), over the forecast period from 2021 to 2031, the global cargo bike tire market is projected to grow at a CAGR of 12.2%.
Key factors driving the cargo bike tire market are higher life-span offered by cargo bikes, rise in the number of miles being ridden by cargo bikes each year, increasing concern towards safety and maintenance, and technological advancements to offer better grip and performance of tires.
As city streets keep clogging up at a rapid speed, cargo bicycles have emerged as one of the most productive and advantageous methods of transportation for cargo firms. Driven by this the sales of cargo bikes will pick up pace globally and this trend will continue through the course of the forecast period.
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Steered by implementation of stringent emission control norms, the market players are focusing in on the production of electric cargo bike. Various players working in the cargo bike tire industry are expected to expand their product portfolio in the forthcoming years.
Key Takeaways from Market Study
By product type, tubeless tire are anticipated to account for sales of more than 60% in the global market.
Three wheeled cargo bikes held a market share of about 45% in terms of cargo bike type in the market.
By region, Europe is projected to hold more than 65% of the global market.
Tubeless tire is projected to be the fastest growing segment in terms of product type, exhibiting a CAGR of 12.7%
The 26 inches tires segment is projected to account for 38% of the market based on tire size.
Key Market Segments Covered
Product Type
Tube
Tubeless
Tire Size
Below 20”
20”-24”
26”
27.5”
Others
Cargo Bike Type
Two-Wheeled
Three-Wheeled
Four Wheeled
Sales Channel
OEM
Aftermarket
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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.K., 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
Continental AG
The Goodyear Tire & Rubber Company
Trelleborg (Mitas)
Ralf Bohle GmbH (Schwalbe)
Trek Bicycle Corporation
Hutchinson
Kenda Tires
PT. Inustri Karet Deli
Zhongce Rubber Group Company Limited
Metro Tyre
Panaracer Corp
Vittoria S.p.A
WTB
HWA Fong Rubber Co., Ltd. (Duro Tires)
Report Coverage
Market forecast, brand share analysis, competition intelligence, DROT analysis, market dynamics and challenges, strategic growth initiatives
Customization & Pricing
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Cargo Bike Tire Market Competitive Landscape
The market has been described as slightly fragmented globally. Some of the leading market participants include 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.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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