As per this study the Global Bicycle Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Bicycle or cycle is human or battery powered vehicle, primarily designed for transportation but can be used for recreation activities such as mountain biking, sports, touring and to gain physical fitness. It is an eco-friendly alternative to fuel-driven vehicles. Structurally, it consists of a frame that is attached to wheels, a saddle-like seat, handlebars, and pedals. Various types and designs of bicycles are available such as folding bicycles, racing bicycles, electric bicycles, hybrid bicycles, touring bicycles and many more to cater the need of bicycle rider.
The rising fuel prices across the globe thereby decreasing the use of automobiles are stimulating the global bicycle market growth. Moreover, rising concern about environmental protection due to pollution from fuel-based vehicles is further pushing the market growth. On the other side, issues associated with the performance limitations and time-consuming in terms of transportation is expected to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of bicycle.
The broad bicycle market has been sub-grouped into product, technology and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By End user
- Mountain bicycles
- Hybrid bicycles
- Road bicycles
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for bicycle in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Bicycle Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the bicycle market include Accell Group, Atlas Cycles Ltd, Cervelo Bicycles, Dorel Industries, Giant Bicycles, Merida, Olympus Corp, Scott Sports, Specialized Bicycle Components, and Trek Bicycle. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.