A bicycle is defined as a manually powered or peddle-drive, with two wheels which are attached to frames one behind the other. The composites are the combination of two/more constituent materials which possess typically different physical & chemical properties. There are different components associated with a bicycle such as bar ends, axle, belt-drive, dynamo, cable-guide, brake, bearing, bell, etc.
The increase in use of bicycle as part of fitness activities & fun is expected to fuel the growth of the global bicycle components market over the forecast period. As bicycle provides various physical & mental benefits with growing consumer acceptance of bicycle to improve health activities, its demand has raised significantly from the past few years. The rise in number of people opting for bicycling as a form of leisure is expected to boost the bicycle components market growth.
The rise in preference for green transportation is expected to boost the global bicycle components market growth during this forecast period. As per the WHO report, air pollution contributed to the death of around 3.7 Mn people under the age of 60 in the year 2012. Passenger vehicles & trucks are the main reasons of the air pollution since they produce significant amount of nitrogen monoxide, carbon monoxide, and other pollutants. Also, fuel-driven vehicles are responsible for air pollution. The bicycle components market is propelled by the collective use of conventional as well as electric bicycles.
High cost associated with composite materials is anticipated to hamper the growth of the global bicycle components market. Also, the uneven cost-benefit ratio is anticipated to restraint the global bicycle components market growth during this forecast timeline.
The Global Bicycle Components Market is segmented into type such as Bicycle (Road, Mountain, Youth, Hybrid, Comfort, Cruiser, and Electric), and Components (Pedal, Saddle, Rim, Brake, and Frame). Also, the Global Bicycle Components Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key players
Various key operating players are discussed in this report such as Giant Manufacturing Co., Ltd, Dorel Industries Inc, Currie Technologies, OMAX Corporation, Trek Bicycle Corporation, Marin Bikes, Atlas Cycles, Accell Group N.V, Merida Industry Co. Ltd, Avon Cycles Ltd, etc.
Market Drivers
The increase in use of bicycle as part of fitness activities & fun is expected to fuel the growth of the global bicycle components market over the forecast period. As bicycle provides various physical & mental benefits with growing consumer acceptance of bicycle to improve health activities, its demand has raised significantly from the past few years. The rise in number of people opting for bicycling as a form of leisure is expected to boost the bicycle components market growth.
The rise in preference for green transportation is expected to boost the global bicycle components market growth during this forecast period. As per the WHO report, air pollution contributed to the death of around 3.7 Mn people under the age of 60 in the year 2012. Passenger vehicles & trucks are the main reasons of the air pollution since they produce significant amount of nitrogen monoxide, carbon monoxide, and other pollutants. Also, fuel-driven vehicles are responsible for air pollution. The bicycle components market is propelled by the collective use of conventional as well as electric bicycles.
Market Restraints
High cost associated with composite materials is anticipated to hamper the growth of the global bicycle components market. Also, the uneven cost-benefit ratio is anticipated to restraint the global bicycle components market growth during this forecast timeline.
Market Segmentation
The Global Bicycle Components Market is segmented into type such as Bicycle (Road, Mountain, Youth, Hybrid, Comfort, Cruiser, and Electric), and Components (Pedal, Saddle, Rim, Brake, and Frame). Also, the Global Bicycle Components Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market key players
Various key operating players are discussed in this report such as Giant Manufacturing Co., Ltd, Dorel Industries Inc, Currie Technologies, OMAX Corporation, Trek Bicycle Corporation, Marin Bikes, Atlas Cycles, Accell Group N.V, Merida Industry Co. Ltd, Avon Cycles Ltd, etc.
Market Taxonomy
By Type
- Bicycle
- Road
- Mountain
- Youth
- Hybrid
- Comfort
- Cruiser
- Electric
- Components
- Pedal
- Saddle
- Rim
- Brake
- Frame
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Bicycle Components Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Frequently Asked Questions about the Global Bicycle Components Market
What is the estimated value of the Global Bicycle Components Market?
What is the growth rate of the Global Bicycle Components Market?
What is the forecasted size of the Global Bicycle Components Market?
Who are the key companies in the Global Bicycle Components Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2021 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 50.42 billion |
| Forecasted Market Value ( USD | $ 110.2 billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Bicycle Components Market Outlook
5 Global Bicycle Components Market, By Type
6 Global Bicycle Components Market, By Region
7 North America Bicycle Components Market Analysis and Forecast (2020 - 2027)
8 Europe Bicycle Components Market Analysis and Forecast (2020 - 2027)
9 Asia Pacific Bicycle Components Market Analysis and Forecast (2020 - 2027)
10 Latin America Bicycle Components Market Analysis and Forecast (2020 - 2027)
11 Middle East Bicycle Components Market Analysis and Forecast (2020 - 2027)
12 Competitive Analysis
13 Company Profiles
Companies Mentioned
- Giant Manufacturing Co. Ltd
- Dorel Industries Inc
- Currie Technologies
- OMAX Corporation
- Trek Bicycle Corporation
- Marin Bikes
- Atlas Cycles
- Accell Group N.V
- Merida Industry Co. Ltd
- Avon Cycles Ltd
