The import of new pneumatic rubber tires for bicycles to the US is projected to grow steadily from 2024 to 2028, starting at $83.6 million and reaching $88.423 million. In 2023, the import value was approximately $82 million. The year-on-year growth ranges around 1.5%. The compound annual growth rate (CAGR) over the next five years is approximately 1.5%.
Future trends to watch for:
- Growth in the popularity of bicycles as sustainable transport could bolster demand.
- Technological advancements in rubber tire manufacturing could impact import shifts.
- Potential policy changes affecting international trade or tariffs may alter future forecasts.