Global Bicycle Market – Global Industry Analysis and Forecast (2018-2026)
Global Bicycle Market was valued US$47.5 Bn in 2017 and is estimated to reach US$90.5 Bn by 2026 at a CAGR of 8.3%.
Global bicycle market is segmented by product, by technology, by the end user, and by region. Based on the product bicycle market is classified as a road, mountain and hybrid. Technology is split into electric and conventional. An end user is divided into men, women, and kids. Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
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Technological advances in bicycles industry is an appealing trend in the bicycle market. Drivers of the bicycle market are buyer shifting preference toward cycling as a sport, leisure, and cardio activity. Greater availability and growing market of refurbished bicycles are the challenges of the market. Rising government support encouraging adoption of bicycles and rapid development of dedicated cycling infrastructure in developed as well as developing economies will reportedly push the sales of bicycles in upcoming years. Increasing the application base of bicycles in trekking and recreational activities, coupled with a soaring number of cycling events will specifically uplift the demand for sports bicycles in near future.
Based on the End-user, Men have historically outnumbered women in utilize of bicycles for commutation. The men segment is dominating the market share in 2017 and is expected to expand at a CAGR of over 5% over the forecast period as the number of men riding bicycles continues to be larger than the number of women and kids. Moreover, bicycle makers are simultaneously simplifying the cycling mechanism and installing efficient gear systems and shock absorbers.
On the basis of product, Road bicycle segment dominating market share in 2017 and is expected to emerge as the fastest-growing segment over the forecast period. Growth can be attributed to the actually that these are the most basic vehicles, which do not need any sophisticated accessories, such as those needed by racing, mountain, or other special-purpose bicycles.
In terms of region, Asia Pacific emerged as the largest share segment in 2017 with a revenue share exceeding 20%. Asia Pacific is anticipated to expand at the fastest CAGR of over 6% over the forecast period. Nations are China, Japan, and Singapore, among others, emphasize on rolling out the infrastructure necessary to encourage and support bicycle commutation.
Key players operating on the market are, Giant Bicycles, Hero Cycles, TI Cycles, Trek, Shanghai Phonex, Atlas, Flying Pigeon, Merida, Xidesheng Bicycle, OMYO, Emmelle, Avon Cycles, Tianjin Battle, Cannondale, Libahuang, Specialized, Trinx Bikes, DAHON, Cycoo, Bridgestone Cycle, Laux (Tianjin), Samchuly Bicycle, Cube, Pacific Cycles, Derby Cycle, Grimaldi Industri, Gazelle, KHS, Forever, Scott Sports, Fuji Bikes, Pashley Cycles, Accell Group, Huffy, LOOKC.
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The scope of the Global Bicycle Market are
Global Bicycle Market are, by product
• Road,
• Mountain
• Hybrid
Global Bicycle Market are, by technology
• Electric
• Conventional
Global Bicycle Market are, by an end user
• Men
• Women
• Kids
Global Bicycle Market are, by region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America.
Key players operating on the global bicycle market are
• Giant Bicycles
• Hero Cycles
• TI Cycles
• Trek
• Shanghai Phonex
• Atlas
• Flying Pigeon
• Merida
• Xidesheng Bicycle,
• OMYO
• Emmelle
• Avon Cycles
• Tianjin Battle
• Cannondale
• Libahuang
• Specialized
• Trinx Bikes
• DAHON
MAJOR TOC OF THE REPORT
Chapter One: Bicycle Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Bicycle Market Competition, by Players
Chapter Four: Global Bicycle Market Size by Regions
Chapter Five: North America Bicycle Revenue by Countries
Chapter Six: Europe Bicycle Revenue by Countries
Chapter Seven: Asia-Pacific Bicycle Revenue by Countries
Chapter Eight: South America Bicycle Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Bicycle by Countries
Chapter Ten: Global Bicycle Market Segment by Type
Chapter Eleven: Global Bicycle Market Segment by Application
Chapter Twelve: Global Bicycle Market Size Forecast (2019-2026)
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