Bicycle tire market forecast with a CAGR of 6 percent through 2025

New York, NY – Technavio’s latest market research report estimates the bicycle OEM tires market to register a CAGR of over 6%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Factors such as increasing demand for premium bicycles and government initiatives to promote bicycle market will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The bicycle oem tires market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Some of the major vendors of the bicycle OEM tires market in Tires & Rubber industry include Cheng Shin Rubber Ind. Co. Ltd., Continental AG, Derby Cycle Holding GmbH, Dorel Industries Inc., Kenda Rubber Industrial Co. Ltd., Merida Industry Co. Ltd., Michelin Group, Schwalbe Tires North America Inc., THE GOODYEAR TIRE and RUBBER Co., and Trek Bicycle Corp. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market.