Cargo Bike Tire Market

Cargo Bike Tire Market Snapshot (2023 to 2033)

The global cargo bike tire market is expected to attain a valuation of USD 201.4 million in 2023 and is projected to reach USD 650 million by 2033, lilely to expand at a CAGR of 12.4% during the forecast period.

The increasing popularity of bicycles for fitness and recreational activities is expected to drive market growth. Bicycles offer numerous mental and physical benefits, leading consumers to embrace them as a means of improving their overall well-being. The growing number of individuals choosing cycling as a leisure pursuit has a positive impact on the demand for bicycle tires, thereby fuelling market growth.

Bike-sharing programs have gained significant global popularity. These initiatives aim to promote cycling as a means to reduce environmental pollution and alleviate traffic congestion. With bike-sharing programs, individuals have access to rented cargo bicycles, eliminating the need for purchasing their own. The increasing adoption of bike-sharing initiatives has led to a rise in demand for cargo bike tires, consequently driving market growth.

Tubeless tires are expected to remain the most popular product in the market through 2033, accounting for more than 60% of total sales. This is owing to the fact that the rate of deflation is slow in tubeless tires, giving driver more time to get to a tire repair shop. Due to the sluggish pace of flattening, the rider has sufficient opportunity to dial back the vehicle, which is preferred by the owners.

Report Attribute	Details
Expected Market Value (2023)	USD 201.4 million
Anticipated Forecast Value (2033)	USD 650 million
Projected Growth Rate (2023 to 2033)	CAGR 12.4%

2018 to 2022 Cargo Bike Tire Demand Analysis vs. Forecast 2023 to 2033

The cargo bike tire market was worth USD 128 million in 2018. It accumulated a market value of USD 180.4 million in 2022 while growing at a CAGR of 8.9% during the historical period.

Cargo bikes are proving to be versatile and economically viable vehicles for transporting consignments in urban areas. Unlike conventional delivery trucks cargo bikes neither cause pollution nor contribute to traffic congestion. They make roads cleaner and more secure for walkers and commuting cyclists. These factors are likely to steer the sales of cargo bike in the coming years.

Buyers are progressively focusing on keeping their cargo bikes in proper shape, which has increased the aftermarket sales and fuelled the demand for replacement services. This has in turn created conducive prospects for sales in the cargo bike tire market.

The cargo bike tire market is boosted by the presence of various tire designs. Different tire designs like folding tires, tubeless tires, puncture safe tires, studded tires and delicate/hard rubber tires are often used for to offer maximum comfort and security will riding.

Increasing transportation in e-commerce is also a catalyst to the cargo bike tire market growth. In developed nations like Germany, France, USA and others, different methods of transportation for last mile e-commerce deliveries have been replaced by the conventional cargo bike and electric cargo bikes.

Organizations such as DHL use paddle cargo bicycles and electric cargo bicycles to ship load or baggage in strategic lines as these bicycles produce no unsafe gases and carry up to 125 kg. Therefore, the increasing cargo bikes will push sales in the cargo bike tire market at a CAGR of 12.4% between 2023 and 2033.

How are Stringent Regulations Implemented Worldwide Affecting Cargo Bike Tire Sales?

The fact that companies in the cargo bike industry are now embracing possible European norms and rules as a sign of maturity is indicative of the industry's rising professionalism.

It was reported that work on a new European cargo bike standard began in 2020. In Delft, the Netherlands, CEN (European Committee for Standardisation) hosted the first meeting of Working Group 9 of Technical Committee 333. The Cargo Bikes Experts Group is playing a crucial role in the implementation of this norm, with a few individuals officially licensed by CEN.

There are now public regulations implemented in Germany (DIN) and France (NF). The focus on offering advanced designs in cargo bikes has stirred discussion between cargo bicycle producers, retailers and clients regarding what the new standard ought to contain. Everybody has concurred that safety must be the prime concern, but cargo bicycle width, length and payload will be considered.

Country-wise Insights

What Is the Germany Cargo Bike Tire Market Outlook?

With more than 30% share in Europe in, Germany cargo bike tire market has been forecast to exhibit strong growth. The demand for cargo bike tires in the region is expected to grow with a CAGR of 12.3% during the forecast period.

The real boom has occurred in the cargo bike sector, largely independent from the public government and the strong vehicle industry, fuelled rather by local initiatives and smaller new companies.

As per the Two-wheel Industry Association (ZIV), 39,200 electrically controlled cargo bicycles were sold in Germany through 2019 compared to just 36,062 newly registered electric vehicles, despite smaller subsidies. With sales of cargo bicycles poised to surge, demand for cargo bike tire will increase at a positive pace in Germany over the course of the report’s assessment period.

Where Does the United States Stand in the Market for Cargo Bike Tires?

The United States accounts for about 90% of the North America cargo bike tire market. The regional demand is expected to rise with a CAGR of 12.1% during the forecast period. Cargo bicycles are turning into a sensation in the United States, changing the capacity to utilize bicycles as the fundamental method of transportation.

As urban density builds, the utilization of vehicles for individual transportation and hauling is turning out to be more troublesome. Younger generation is therefore moving away from motor vehicles and suburban life. Having a vehicle like a cargo bicycle complement the increasingly popular lifestyle of urban dwellers in the United States. This is expected to present attractive opportunities for the growth of the cargo bikes market.

Category-wise Insights

Why are Sales of Tubeless Tires Increasing?

Tubeless tire sales are projected to increase at a CAGR of 12.9%. Tubeless tires are more secure on the ground because they don't lose air unexpectedly. If a puncture occurs unexpectedly, the tire loses air gradually.

Which Tire Size Will be the Most Profitable in the Market?

26-inch tires hold around 40% of the global market. The market from this segment is expected to grow with an impressive CAGR of 14.2% during the forecast period. With the 26-inch wheel the user gains rim of the wheel by virtue of it having a smaller breadth.

The difference in scrolling resistance is immaterial in case of running similar sort of tires. With the 26-inch wheel, for the most part acquires a taller sidewall giving generally the equivalent external breadth of the 700c wheel with tire. Reward being less punctures.

How will Sales of Two Wheeled Cargo Bikes Aid Cargo Bike Tire Market Growth?

The demand for cargo bike tires in the two wheeled cargo bikes category is projected to grow at a CAGR of 12.7% over the forecast period of 2023 to 2033. The primary benefits of a two-wheel cargo bicycle is speed. Riding in two wheeled cargo bike is speedier and more agile, allowing the user to steer around obstacles and through traffic.

Children are additionally secured in the load box with belts. Since the cargo box is lower to the ground and has lower sides, children can move in themselves.

Start-ups in the Cargo Bike Tire Market

Start-ups are crucial in identifying growth opportunities, including the cargo bike tire market. They effectively translate inputs to outputs and adapt to market uncertainties, contributing to the industry's expansion. Some start-ups are expected to drive growth in the cargo bike tire market.

• Fiido is a manufacturer of diverse electric bicycles, specializing in foldable bikes, fat-tire bikes, kids' bikes, cargo bikes, and more. They offer a platform for customers to purchase bicycles and spare parts.
• GrandPitstop is an online retailer that specializes in aftermarket automotive tools and accessories. They have developed and patented innovative items such as motorbike airbags, engine cooling systems, and wheel chokes.
• VUF Bikes specializes in the development of cargo electric bicycles with advanced features. VUF Bikes also provides attachable cargo boxes that come with various useful features such as compartments, waterproof casing, ventilation, isothermal insulation, and multiple size options. The applications of these bikes range from food and parcel deliveries to logistics, refuse collection, tools transport, and park maintenance. Notable clients of VUF Bikes include Saria, Indigo Group, and Le Petit Casino.

Competitive Landscape

The market for cargo bike tire is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players Continental AG, Cheng Shin Rubber Ind Co., Ltd., The Goodyear Tire & Rubber Company, Trelleborg (Mitas), Michelin, Ralf Bohle GmbH (Schwalbe), Trek Bicycle Corporation, Hutchinson, Kenda Tires, PT. Inustri Karet Deli, Zhongce Rubber Group Company Limited, Ralson Tyres, Metro Tyre, Panaracer Corp, Vittoria S.p.A, WTB, HWA Fong Rubber Co., Ltd. (Duro Tires).

Some key developments in the cargo bike tire market are:

• In May 2021, Schwalbe (Ralf Bohle) made history by introducing the Schwalbe Pick-Up, the world's first tire designed exclusively for cargo bikes.
• Continental AG introduced the Ultra Sport III in 2020, catering to bicycle enthusiasts seeking a high-quality yet affordable sport tire. This new product offers excellent traction and grip, delivering exceptional performance at a budget-friendly price point.
• Radio Flyer introduced a compact folding cargo electric bike in November 2022.
• In July 2022, Amazon made a significant announcement by introducing its inaugural fleet of electric cargo bikes, specifically designed to navigate the bustling streets of London.

Report Scope

Report Attribute	Details
Market Value in 2023	USD 201.4 million
Market Value in 2033	USD 650 million
Growth Rate	CAGR of 12.4% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Product Type, Tire Size, Cargo Bike Type, Sales Channel, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East & Africa
Key Countries Profiled	United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, China, Japan, Malaysia, Singapore, Thailand, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel
Key Companies Profiled	Continental AG; Cheng Shin Rubber Ind Co., Ltd.; The Goodyear Tire & Rubber Company; Trelleborg (Mitas); Michelin; Ralf Bohle GmbH (Schwalbe); Trek Bicycle Corporation; Hutchinson; Kenda Tires; PT. Inustri Karet Deli; Zhongce Rubber Group Company Limited; Ralson Tyres; Metro Tyre; Panaracer Corp; Vittoria S.p.A; WTB; HWA Fong Rubber Co. Ltd. (Duro Tires)
Customization & Pricing	Available upon Request

Key Segments Profiled in the Cargo Bike Tire Industry Survey

By Product Type:

• Tube
• Tubeless

By Tire Size:

• Below 20
• 20-24
• 26
• 27.5
• Others

By Cargo Bike Type:

• Two-Wheeled
• Three-Wheeled
• Four Wheeled

By Sales Channel:

• OEM
• Aftermarket

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Frequently Asked Questions

What trends are driving the growth of the cargo bike tire market?

Trends include the rise of urbanization, the demand for sustainable transportation options, and the popularity of e-cargo bikes.

In which industries or applications are cargo bike tires being used?

Cargo bike tires are used in urban logistics, last-mile delivery, grocery delivery services, and for personal transportation with cargo-carrying capabilities.

What insights can be gained about the cargo bike tire market?

Insights include the growing preference for sustainable transportation solutions, the need for puncture resistance, and the importance of tire grip and stability.

How do cargo bike tires contribute to sustainable transportation?

Cargo bike tires support the use of eco-friendly and non-motorized modes of transportation, reducing emissions and congestion in urban areas.

What challenges does the cargo bike tire market face?

Challenges include the need for specialized tire designs to accommodate various cargo types, ensuring tire longevity under heavy loads, and addressing compatibility with different cargo bike models.