Global Rim Strip Market Size To Exceed USD 452.27 Million By 2033: Market Study Report

Global Rim Strip Market Size To Exceed USD 452.27 Million By 2033

According to a research report published by Spherical Insights & Consulting, The Global Rim Strip Market Size is Expected to Grow from USD 250.75 Million in 2023 to USD 452.27 Million by 2033, Growing at a CAGR of 6.08% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on The Global Rim Strip Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Rubber Rim Strips, PVC Rim Strips, Nylon Rim Strips, Others), By End User (OEMs, Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis and Forecast 2023 – 2033

The worldwide rim strip market refers to the business concerned with manufacturing and distributing products designed to protect the inner tube of tires from damage caused by sharp edges or spoke holes. The market growth is influenced by the increasing demand for tire protection, advancements in material technology, and the growing popularity of cycling and outdoor activities. Moreover, the expansion of material science with technical support is bolstering the market growth. Additionally, the growing acceptance of e-bikes and e-motorcycles opens up growing opportunities for steady market growth. However, market growth can be impeded by high production expenses and price fluctuations.

The rubber rim strips segment accounted for the highest share of the global rim strip market in 2023 and is anticipated to grow at a notable CAGR over the forecast period.

On the basis of the product type, the global rim strip market is divided into rubber rim strips, PVC rim strips, nylon rim strips, and others. Among these, the rubber rim strips segment accounted for the highest share of the global rim strip market in 2023 and is anticipated to grow at a notable CAGR over the forecast period. This segment growth is driven by its affordability, flexibility, and durability, and offers a strong protective layer that guards against tire.

The OEMs segment held the highest share of the global rim strip market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.

On the basis of the end user, the global rim strip market is classified into OEMs and aftermarket. Among these, the OEMs segment held the highest share of the global rim strip market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This is because it has to comply with safety regulations and develop its durability, efficiency.

Asia Pacific is anticipated to hold the largest share of the global rim strip market over the forecast period.

Asia Pacific is projected to hold the greatest revenue share of the global rim strip market over the forecast period. The regional market expansion is propelling due to strong sales of bicycles and motorcycles in nations like China, India, and Japan. Further, the need for personal mobility solutions is pushing up demand for rim strips, which expands the market growth.

Europe is anticipated to grow at the fastest CAGR of the global rim strip market over the forecast period. The market expansion is driven by the growing popularity of electric motorbikes and bicycles, strict safety restrictions across the region. The European market is expanding due to the existence of major auto and bicycle manufacturers and nations like the Netherlands and Germany, which also well an established automotive sector.

Company Profiling

Major vendors in the global rim strip market are Schwalbe, Continental AG, Michelin, Bridgestone Corporation, Pirelli & C. S.p.A., Goodyear Tire & Rubber Company, Hutchinson SA, Kenda Tires, Maxxis International, Vittoria S.p.A., Panaracer Corporation, Specialized Bicycle Components, Bontrager (Trek Bicycle Corporation), Mavic (Amer Sports), DT Swiss, Zipp (SRAM LLC), Challenge Tires, IRC Tire, CST Tires (Cheng Shin Rubber Ind. Co., Ltd.), Tufo Tires, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2022, Continental Tires introduced its innovative Conti SupRim Technology in India. This technology enhances the rim strip compound with superior anti-aging properties, improved tear resistance, and greater flexibility and strength. It aims to address challenges such as wear and tear from diverse terrains and frequent retreading practices.

Market Segment                                             

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global rim strip market based on the below-mentioned segments: 

Global Rim Strip Market, By Product Type

• Rubber Rim Strips
• PVC Rim Strips
• Nylon Rim Strips
• Others

Global Rim Strip Market, By End User

• OEMs
• Aftermarket

Global Rim Strip Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa