Tyres for Mountain Biking Market was valued at USD 2.1 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The tyres for mountain biking market is a significant and evolving segment within the cycling industry, driven by the increasing popularity of mountain biking as both a recreational and competitive sport. Currently, the market is valued at approximately USD 1.2 billion and is expected to grow at a compound annual growth rate CAGR of 5.2% over the next 5 10 years. The market growth is supported by several key factors, including the rise of outdoor activities, advancements in tyre technologies, and the expanding adoption of mountain biking in both urban and rural areas.
Key factors contributing to the growth of the mountain biking tyres market include innovations in tyre tread patterns, materials, and designs aimed at enhancing performance and durability across various terrains. Increasing investments in infrastructure for biking trails, the popularity of eco friendly transportation, and a rising focus on health and fitness are further bolstering market growth. Additionally, the trend towards customization and the rise of premium, high performance tyres are influencing purchasing decisions in the market.
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Growing Popularity of Mountain Biking: The surge in mountain biking activities across the globe, driven by the increasing interest in outdoor sports and fitness, is one of the main drivers for the market. As more individuals adopt mountain biking for leisure, fitness, and competition, the demand for high quality tyres is rising.
Technological Advancements: Ongoing innovations in tyre technology, including puncture resistance, improved grip, and enhanced durability, are improving the performance of mountain bike tyres. Innovations such as tubeless tyres and the use of advanced rubber compounds are also gaining traction in the market.
Government Initiatives and Infrastructure Development: Governments and local authorities are investing in the development of biking trails and infrastructure, encouraging more individuals to take up mountain biking. This has a direct impact on the demand for durable and specialized tyres.
High Cost of Premium Tyres: Although technological advancements improve the performance of mountain bike tyres, the cost of premium tyres remains high. This pricing issue may deter some potential buyers, particularly in emerging markets where cost sensitivity is more pronounced.
Supply Chain Challenges: The supply chain for cycling products, including tyres, has faced significant disruptions, including delays in production and distribution. This has affected the availability of tyres and has led to increased lead times for delivery.
Customization and Niche Products: The increasing demand for customized cycling experiences presents opportunities for manufacturers to develop specialised mountain biking tyres tailored to specific needs, such as tyres for extreme weather conditions or particular types of terrain.
Sustainability Trends: The growing focus on sustainability and the eco conscious consumer presents opportunities for companies to invest in and produce more environmentally friendly, recyclable, and sustainable tyres.
Technology plays a pivotal role in the evolution of the mountain biking tyres market. Advancements such as improved rubber compounds, smart tyres with sensors, and high performance tread designs are shaping the market landscape. Sustainability is also becoming a key factor, with manufacturers focusing on reducing the carbon footprint by using recycled materials and promoting tyre durability to reduce waste. Regulations regarding safety standards and environmental impact also play a role in shaping the market, pushing companies to innovate and adhere to higher standards of performance and environmental responsibility.
Recreational Biking: A large segment of the market comprises recreational mountain bikers. This group typically demands tyres that are versatile, durable, and provide a balance between performance and comfort.
Competitive Biking: Competitive riders require high performance tyres that offer superior traction, control, and durability. The demand for specialised tyres catering to racing and extreme conditions is significant in this category.
Individual Consumers: The bulk of tyre sales in the mountain biking market are driven by individual consumers, especially in regions where mountain biking is a popular recreational activity. These consumers are increasingly seeking tyres that offer performance improvements for various types of terrain.
Commercial and Professional Biking Teams: Professional teams and commercial entities also contribute to the market, with a higher demand for specialised, high performance tyres that meet the extreme needs of professional riders.
North America: The North American region holds a significant share of the market, primarily driven by the large number of recreational bikers and the well established biking culture. The demand is also supported by robust biking infrastructure and government incentives for eco friendly transportation.
Europe: Europe is another dominant market for mountain biking tyres, with countries like Germany, France, and the UK leading the way. The region has a strong cycling culture, and growing awareness of sustainability is also influencing the demand for eco friendly tyres.
Asia Pacific: The Asia Pacific market is anticipated to witness significant growth due to increasing disposable incomes, urbanisation, and the rising popularity of mountain biking in countries like China and India. The region's demand for affordable yet high performance tyres is growing rapidly.
Michelin: A leading player in the tyre industry, Michelin offers a wide range of mountain bike tyres known for their durability and high performance features. The company focuses on innovation, with products designed to handle various terrains.
Continental: Continental is another major player, known for its premium mountain bike tyres. The company places a strong emphasis on safety, performance, and sustainability, with numerous products designed to enhance rider experience in various conditions.
Schwalbe: Schwalbe specialises in mountain bike tyres, providing options for both recreational and competitive cyclists. The company is known for its focus on sustainability, offering products made from recyclable materials and non toxic compounds.
Maxxis: Maxxis is a prominent tyre manufacturer, known for producing high quality tyres with advanced tread patterns, ideal for mountain biking enthusiasts. Their tyres are widely used in competitive sports.
Emerging technologies and innovations continue to shape the market, with advancements such as tubeless tyre technology, improved puncture protection, and specialised tread designs gaining popularity. Companies are also investing in product development to meet the growing demand for tyres suitable for extreme mountain biking conditions, such as rough terrains, wet weather, and rocky surfaces. Collaborative ventures between manufacturers and cycling teams are driving these innovations, pushing the envelope on performance and durability.
One of the primary challenges in the market is the ongoing supply chain issues affecting the timely delivery of tyres. Manufacturers must invest in more resilient and agile supply chains to mitigate delays. Pricing pressures, particularly in emerging markets, require companies to strike a balance between affordability and quality. Innovations in manufacturing and the use of local production facilities could address some of these challenges by reducing lead times and costs.
The future of the mountain biking tyres market is poised for steady growth, with a projected CAGR of 5.2% over the next decade. This growth will be fueled by increased demand for high performance and environmentally sustainable tyres. Technological advancements, particularly in tyre durability and performance, will continue to drive innovation in the market. Additionally, the growing adoption of mountain biking as an eco friendly mode of transportation will contribute to the demand for tyres that offer better performance and lower environmental impact.
North America and Europe are currently the leading regions in the Tyres for Mountain Biking market, with strong demand driven by established cycling cultures and government backed infrastructure.
Mountain biking tyres are used in recreational biking and competitive biking. Recreational bikers prioritize comfort and versatility, while competitive bikers focus on performance, grip, and durability.
Challenges include supply chain disruptions, high production costs, and intense competition from both premium and budget tyre manufacturers. The market is also impacted by environmental sustainability concerns.
Major players include Michelin, Continental, Schwalbe, and Maxxis, all of which offer a variety of tyres tailored for different mountain biking needs, including performance and durability enhancements.
The market is expected to grow at a steady pace, driven by technological innovations, increasing outdoor activity participation, and a growing demand for sustainable products. The rise of electric mountain bikes is also expected to contribute to the market's expansion.
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Schwalbe
Maxxis
Vittoria
WTB
Continental
Kenda
Michelin
E*Thirteen
Hutchinson
Specialized
Bontrager
Goodyear
Panaracer
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tyres for Mountain Biking Market
Professional Athletes
Amateur
Based on Types the Market is categorized into Below types that held the largest Tyres for Mountain Biking market share In 2023.
29â€
27.5â€
26â€
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tyres for Mountain Biking Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tyres for Mountain Biking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tyres for Mountain Biking Market, By Type
6. Global Tyres for Mountain Biking Market, By Application
7. Global Tyres for Mountain Biking Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tyres for Mountain Biking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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