Bicycle Tire Market To Be Driven By Growth In Number Of Cycling And Fitness Enthusiasts Till 2022 | Million Insights

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According to new report available with Million Insights, Bicycle Tire market report on is foretold to provide a robust support for industry players to lay a solid foundation for their business growth. It includes a comprehensive evaluation of the market’s growth status and market risk. Furthermore, it provides detail market variables, trends, key opportunities, new entrants & competitors.

The global bicycle tire (BC) market is expected to obtain significant CAGR in the anticipated period. In the global era, bicycles are now seen as an efficient mode of transportation, fitness and recreation and are also expected to keep on rising every year. Features such as cycling is fun, cycling is healthy, cycling is a low impact exercise, practical and convenient and moreover it being good for environment gains a lot of traction for the sale of bicycle and bicycle accessories.

However, especially, wheels can be designed that rolls steel strips into hoops are welded into rims, the rims are then drilled to accept spokes which are fastened one round at a time between the hub flange and the rim. Further, a wheel must be trued, straightened in lateral and radial directions to gain a uniform tension. Rim liner, tire and inner tube are then attached, and the chain can be further fit onto the bicycle.

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The rear wheels are fit with a free-wheel, comprising several cogs and spacers that free the rear wheel from crank when the rider halts. The bicycle tires enable an important source of suspension and produce the lateral forces needed for turning and balancing. Driving forces responsible for the growth of bicycle tire (BC) market includes rise in cycle sales owing to growth in cycle and fitness enthusiasts. However, pricing constraints are some factors that may hinder the market growth in the forthcoming period. Based on product segmentation, the bicycle tire (BC) industry includes off-road bike, racing bike and normal bike. Segmentation based on type, the market includes clinchers, tubeless and tubular.

Geographical segmentation for bicycle tire (BC) market includes North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Asia-Pacific market witnessed a significant CAGR growth in the specified period due to rise in fitness enthusiasts and health awareness in people. Also, factors such as availability of various types of bicycle and related accessories are likely to dominate the market growth. Europe and North America bicycle tire (BC) industry anticipated in a higher growth due to rise in demand for terrain bikes coupled with tubeless tyres. Middle-East and African market are also expected to grow rapidly in the near future owing to rise in consumer goods coupled with rise in manufacture of bicycle tire.

The key players in the bicycle tire (BC) market include Michelin, Continental AG, Kenda Tires, Vittoria Group, Maxxis International, Schwalbe Tires, Ralson Tyres, SuomenRengastehdas, Hwa Fong Rubber, Zhoncge Rubber Group Company Limited, Inoue Rubber Co, Vredestein, Challenge and Zipp.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Bimetallic Thermometer in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Bimetallic Thermometer market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Hongqi
• VICTOR
• COOPER-ATKINS Raytek
• TES
• Fluke
• CEM
• AZ
• SHUNDA
• ST
• REOTEMP Instruments
• WIKA
• CHANGZHOU CHENGFENG FLOWMETER CO.,LTD

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Angle Type
• Straight Type
• Adjustable Angle Type

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Bimetallic Thermometer for each application, including
• Oil & Gas Industry
• Energy Industries
• Chemical Industries
• Iron & Steel Industries
• Others

Related Reports of this Category available at Million Insights: 
https://www.millioninsights.com/industry/automotive-and-parts

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