Global Bike Wheels Market Growth 2023-2029

Global Bike Wheels Market Growth 2023-2029

A bike wheel is a wheel, most commonly a wire wheel, designed for a bike. A pair is often called a wheelset, especially in the context of ready built "off the shelf" performance-oriented wheels.

Bike Wheels are typically designed to fit into the frame and fork via dropouts, and hold bicycle tires.

This report mainly covers sports bicycles, excluding Bicycle-sharing and ordinary bicycles for transportation. The main applications covers Road Bike, Mountain Bike, Gravel/Cyclo-cross Bike, Track Bike and so on.

LPI (LP Information)' newest research report, the “Bike Wheels Industry Forecast” looks at past sales and reviews total world Bike Wheels sales in 2022, providing a comprehensive analysis by region and market sector of projected Bike Wheels sales for 2023 through 2029. With Bike Wheels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bike Wheels industry.

This Insight Report provides a comprehensive analysis of the global Bike Wheels landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bike Wheels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bike Wheels market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bike Wheels and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bike Wheels.

The global Bike Wheels market size is projected to grow from US$ 2045.5 million in 2022 to US$ 2607.2 million in 2029; it is expected to grow at a CAGR of 2607.2 from 2023 to 2029.

Global Bike Wheels key players include URSUS, Syncros (Scott Sports), CADEX (Giant), VISION via FSA, etc.

From the view of the region, Asia-Pacific has a larger market share which accounts for more than 45%, will witness stable growth in the following years. Europe holds a market share about 25%, which will still play an important role and cannot be ignored. Any changes from North America might affect the development trend of Bike Wheels. Other Regions also play important roles in the global market, but they will witness a comparatively big market share in the future.

According to the Segmentation of types, all the market of Bike Wheels can be divided as follows:

The first kind is Alloy Wheel, it holds a comparatively larger share in global market, which accounts for about 65%. Another kind is Carbon Wheel, for many companies, the Carbon Wheel is attractive because of the market consumption need in the future. Carbon Wheel shares the rest 35% market share.

In terms of application, Road bike dominates this market and occupies over 40% of the total share. Besides, Mountain bike and other applications also play an important role in the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Bike Wheels market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Alloy Wheels
Carbon Wheels
Others

Segmentation by application
Road Bike
Mountain Bike
Gravel/Cyclo-cross Bike
Track Bike
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shimano
Campagnolo
Zipp
Knight Composites
DT Swiss
Prime Components
Mavic
FFWD Wheels
Pro Lite
Miche
Industry Nine
Forza Cirrus
Rolf Prima
Sensa Supra
Halo Wheels
Hunt Bike Wheels
Yishun Bike
Ambrosio
Williams Cycling
ROL Wheels
Easton Cycling
Cero Wheels
Boyd Cycling
Woven

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bike Wheels market?

What factors are driving Bike Wheels market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bike Wheels market opportunities vary by end market size?

How does Bike Wheels break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.