Cargo Bike Tire Market Size, Share, and COVID-19 Impact Analysis, By Tire Type (Tube and Tubeless), By Product (Two Wheel, Three Wheel, and Four Wheel), By Application (Manual and Electric), By Sales Channel (OEM and Aftermarket), and Regional Forecast, 2024-2032

Cargo Bikes are increasingly proving to be highly versatile and economically viable, used for transportation for multiple purposes. They are increasingly adopted by individuals and service delivery partners since they are cost-efficient, command negligible maintenance, and help circumvent traffic congestion. Unlike conventional cargo motorcycles and trucks, the cargo bike donates toward a greener environment through its zero carbon emission.

Cargo bike tires are equipped with a wider tire that helps provide better stability and traction, which is essential while carrying heavy loads and cargo. Due to the continuous use of tubeless tires in cargo bikes, it is becoming extremely reliable due to reduced puncture frequency, improved rolling resistance, and a rate of deflation of tire being significantly less, which gives the owner sufficient time to repair.

The demand for cargo tires has a positive outlook because of some critical drivers. Firstly, there is increasing penetration of E-commerce throughout the globe, and cargo bikes become highly reliable for delivery partners due to their higher amounts of good holding capacity and ease of movement within the city. Secondly, it has been used by households to meet their daily requirements that can be procured from the nearest general store.

The growing urban congestion due to passenger vehicles has made people shift and opt for a more convenient mode of transport. Environmental awareness leading to the ever-increasing demand for electric mobility is another key trend shaping a bright future for cargo bike tires.

Impact of COVID-19 on the Cargo Bike Tire Market

The COVID-19 pandemic had a mixed impact on the overall cargo bike tire market. On the one hand, we saw a proliferating demand for cargo bikes and their related accessories as people sought an alternative mode of transportation; on the other hand, we saw a massive supply chain disruption resulting in manufacturing delays that severely impacted the industry.

The increase in COVID-19 cases worldwide has significantly hampered the market due to restrictions on travel and transportation. However, the increased demand for necessities via online channels assisted the need for cargo bike tires to survive the pandemic. Disruption in the supply chain piled up significant challenges for manufacturers as they could not procure sufficient raw materials and, at the same time, had substantial cost pressure due to an increase in commodity prices throughout the globe. Many manufacturers had to cut down on their production capacity due to a shortage of workforce and social distancing norms.

Segmentation

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on the cargo bike tire market

Analysis by Tire Type

The tubeless tire segment is predicted to hold most of the market share due to its better durability and flexibility. The tubeless property of the tire makes it ready to move in an emergency while carrying cargo, even if the tire gets punctured. The tire has the property to move at least 30 to 40 km with its injury alias puncture.

Analysis by Application

Cargo bike tires will substantially grow in the electric cargo bike market. Manual cargo carriers are prone to rider exhaustion due to their heavy load; however, electric cargo carriers are reliable and can carry much more carriage without giving the rider any physical tiredness. It also ensures a cleaner environment during the operation.

Regional Analysis

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Europe is estimated to lead the cargo bike tire market over the coming years. The region is augmented by its widely spread and high-quality infrastructure for electric cargo bikes, and cargo bike manufacturers' ample presence is expected to steer the cargo bike tire market. The government is continuously pushing industries to adopt greener alternatives, hence providing subsidies and incentives to manufacturers.

The Asia Pacific region is also predicted to hold a significant cargo bike tire market over the forecast period. Due to the rising populace in this region, the populace is opting for quicker and more compact solutions for their daily commuting. Increasing E-commerce penetration is paving the route for cheap and fast cargo delivery vehicles. Additionally, various government initiatives are aiding the adoption of Electric cargo vehicles that will propel the market for cargo tires

Key Players Covered

The report includes the profiles of key players such as Schwalbe, Continental AG, The Goodyear Tire and Rubber Company, Michelin, Ralf Bohle GmbH, Hutchinson, RAlson Tyres, Metro Tire, Panaracer Corp, Vittoria SPA, HWA Fong Rubber Co. Ltd, Trelleborg, and Kenda Tires.

Key Industry Developments

• July 2022: Amazon has announced the launch of its fleet of electric cargo bikes on London’s congested streets. The company is highly invested in reducing its carbon footprint, as E-commerce operations can generate a lot of carbon emissions.


• December 2020: Smarton India has launched ‘tbike flex,’ an electric cargo bike. The bike is suitable for carrying heavy loads upto 40 kilos, providing cost-effective solutions for short-distance urban deliveries.