Bicycle Tubes Market Size, Share, Growth and Industry Analysis by Type (16in, 20in, 24in, And, Other) By Application (Mountain Bike, Road Bike, And, Other), Regional Forecast To 2031

Updated On: 15 April 2024

Bicycle Tubes Market REPORT OVERVIEW

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The global bicycle tubes market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2031.

A bicycle tube is in the form of a ring and can be inflated. It forms the inner part of a bicycle tire or another pneumatic tires. A valve system is used for the purpose of inflating these tubes and they are fitted inside the casing of a particular tire. The main purpose of using a bicycle tube is to provide suspension as well as structural support to the cycle.

Cycling has become a hobby as well as a passion to many people. People are preferring to take bicycles to places nearby rather than using vehicles.  This is considered as the latest trend in the market.

Bicycle tubes of high quality have been introduced in the market. These tubes are also used in pharmaceutical, and biotechnology sectors. The number of tournaments that are being conducted has propelled the market growth. All of these factors are driving the bicycle tubes market share.

COVID-19 impact: Reduction in Manufacturing of Bicycle Tubes During Pandemic Decreased Market Growth

The pandemic of COVID-19 caused many problems for industries. The supply chain and logistics was very adversely affected. As a result, the raw materials had become very expensive and they were not being readily available. This posed a major challenge before the manufacturers, as raw materials form the foundation for manufacturing any item.

Bicycle tubes are mainly made up of butyl rubber. This material helps in keeping the bicycle tubes airtight, and elastic. Butyl rubber was not easily available during the pandemic period due to the drastic decline in demand for many products. The number of people who purchased cycles also decreased during this time, resulting in no growth in the bicycle tubes market.

LATEST TRENDS

"Growing Preference of People Towards Buying Cycles to Increase Market Growth"

Recently it has been observed that many people are using bicycles to commute to places that are near, instead of using vehicles. There has been a change in the preference of the consumers from vehicles to bicycles. This factor is having a positive impact on market growth.

Many people have adopted bicycles because riding them is a form of physical exercise. Apart from that, it does not require any fuel to operate. Therefore, it does not emit any harmful gases and pollutants into the environment. All of these factors are encouraging people to purchase bicycles. Increase in the sales on cycles has created many lucrative growth opportunities for the market. This is considered as the latest trend in the market.

Bicycle Tubes Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

16in, 20in, 24in, and, other. 16in segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Mountain Bike, road bike, and, other. Mountain bike segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Introduction of Better-Quality Bicycle Tubes to Accelerate Market Growth"

Cycle tubes form an important component of a bicycle. Without the tube it is not possible to ride a cycle. Having a good quality tube is necessary to be able to ride the cycle smoothly. Apart from providing structural support to the cycles, these tubes are also very helpful in the movement as they help in reducing the friction between the tire and the road.

New type of tubes, which are better in quality are being introduced in the market. These tubes last for a very long period of time without the need for any replacement. This saves a lot of cost. The bicycle market as a whole is experiencing tremendous growth. Without cycle tubes, the rider cannot operate the bicycle and it is important to install the tubes to ensure the safety and comfort of the rider. These factors are accelerating the market growth and development.

"Growing Popularity of Adventure Sports to Propel Market Growth "

Post pandemic, the number of outdoor games and events that are being conducted has increased. Many activities and sports like cycle riding, marathons, bike racing, dirt biking, and off-road riding have increased. High demand for such adventure sports will propel the market growth because many bicycles will be purchased during this time.

International tournaments, and sports events like Olympics, and Tour De France will increase the demand for bicycles. Top cycle manufacturing companies will make more investments to manufacture bicycles with better tubes. Bicycle tubes that are eco-friendly in nature have been introduced in the market. These tubes are also made use in biotechnology and pharmaceutical sectors. All of these factors have contributed in the bicycle tubes market growth.

RESTRAINING FACTOR

"Low Resistance of Low-Quality Tubes to Bring Down the Market Growth"

Not all bicycle tubes are made up of the best quality materials. Low quality tubes inserted in bicycles can ruin the riding experience for the rider. Some of the tubes are manufactured with cheap quality materials. This can result in frequent punctures. Such tubes have low resistance and are easily affected by wear and tear.

Bicycles cannot be used in all the seasons. It is not ideal to use them during rainy season, as the conditions are not favorable to ride them. This can decrease the demand for cycles hampering the market share.

Bicycle Tubes Market Regional Insights

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"North America to Dominate Market in Upcoming Years"

North America is dominating the market place. The major reason for this is, many people are taking up cycling as their career. Many local tournaments are conducted in this region. This has increased the demand for cycles, in turn increasing the market share for cycle tubes market.  

The government in this region is taking up initiatives to promote cycling as a measure against air pollution that is caused due to vehicles. Increasing health awareness of people about the benefits obtained through cycling has further propelled the market growth and share.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Bontrager (U.S.)
• Continental (Germany)
• Kenda (Taiwan)
• Michelin (France)
• Schwalbe (Germany)
• Slime (U.S.)
• Alexrims (U.S.)
• Bell (Canada)
• Butyl (U.K.)
• Challenge (U.S.)
• Deda Elementi (U.S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. A list of the key industry players has also been mentioned in the report in order to give an idea of the competition present in the market.