Gravel Tyres Market: Competitive Analysis, Market Trends and Forecast to 2031
Executive Summary
The Gravel Tyres market research report provides a comprehensive analysis of the current market conditions and future potential for growth. The report projects that the market is expected to grow at a CAGR of % during the forecasted period.
Market trends in the Gravel Tyres industry include an increasing demand for durable and versatile tyres that can handle a variety of terrains, as well as a growing interest in off-road cycling and gravel riding. Manufacturers are focusing on developing innovative technologies and materials to improve the performance and longevity of gravel tyres.
In terms of geographical spread, North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China are key regions driving growth in the Gravel Tyres market. North America is expected to dominate the market due to the popularity of cycling and outdoor activities, while Asia Pacific is experiencing rapid urbanization and increasing disposable income levels leading to a rise in recreational activities like gravel riding.
Europe is a mature market for gravel tyres, with a strong cycling culture and well-established infrastructure for outdoor sports. The United States has a growing community of gravel enthusiasts and a booming market for gravel bikes and accessories. China, on the other hand, is emerging as a key player in the global gravel tyres market, with a rising interest in outdoor sports and recreational cycling.
Overall, the Gravel Tyres market is experiencing steady growth and is expected to continue expanding in the coming years, driven by technological advancements, changing consumer preferences, and a rise in outdoor recreational activities.
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Market Segmentation:
This Gravel Tyres Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Gravel Tyres Market is segmented into:
- Pirelli
- Schwalbe
- Vittoria
- Maxxis
- Continental
- Michelin
- Panaracer
- Tacx
- Challenge
- CushCore
- Mavic
- Hutchinson
- Specialized
- Uncranded
- Kenda
- Raleigh
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The Gravel Tyres Market Analysis by types is segmented into:
- Width 2.0 Inch
- Width 2-2.2 Inch
- Width 2.2-2.3 Inch
- Width 2.3-2.8 Inch
- Width >2.8 Inch
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The Gravel Tyres Market Industry Research by Application is segmented into:
- Racing Bikes
- Household Bikes
In terms of Region, the Gravel Tyres Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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Key Drivers and Barriers in the Gravel Tyres Market
Key drivers in the Gravel Tyres market include the growing popularity of gravel racing and riding among cyclists, the increasing demand for durable and versatile tires suitable for various terrain types, and the advancements in tire technology leading to improved performance. However, barriers to market growth include the high cost of gravel tires compared to traditional road tires, limited availability of gravel-specific tires in certain regions, and the challenge of educating consumers about the benefits of using gravel tires. Other challenges faced in the market include intense competition among major players, fluctuating raw material prices, and the impact of economic downturns on consumer spending.
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Competitive Landscape
Pirelli, founded in 1872 in Milan, Italy, is one of the leading players in the gravel tyre market. The company has a long history of producing high-quality tyres for a variety of vehicles, including bicycles. Pirelli has seen significant market growth in recent years, with a strong focus on innovation and technology. The company's gravel tyres are known for their durability, traction, and performance in a wide range of conditions. Pirelli has a strong presence in the global market, with sales revenue exceeding $5 billion in 2020.
Continental, a German multinational company founded in 1871, is another key player in the gravel tyre market. Continental has a strong reputation for producing high-performance tyres for various applications, including bicycles. The company has seen steady market growth over the years, thanks to its focus on research and development and commitment to quality. Continental's gravel tyres are known for their superior grip, durability, and puncture resistance. The company's sales revenue exceeded $12 billion in 2020.
Schwalbe, a German tyre manufacturer founded in 1922, is known for its extensive range of bicycle tyres, including gravel tyres. Schwalbe has a strong presence in the global market and has seen steady growth in recent years. The company's gravel tyres are popular among cyclists for their performance, quality, and durability. Schwalbe's sales revenue exceeded $500 million in 2020.
Maxxis, a Taiwanese tyre manufacturer founded in 1967, is another key player in the gravel tyre market. Maxxis has a strong reputation for producing high-quality tyres for bicycles and other vehicles. The company has seen significant market growth in recent years, thanks to its focus on innovation and quality. Maxxis's gravel tyres are known for their durability, traction, and performance in various conditions. The company's sales revenue exceeded $3 billion in 2020.
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