The report provides an in depth analysis of the European Cycling market by value, by product type, by region, etc. The report provides a regional analysis of the cycling market, including the following regions: Germany, France, Spain, Italy and Rest of Europe. The report also provides a detailed analysis of the COVID-19 impact on the cycling market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall cycling market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The European cycling market is fragmented with many major market players operating worldwide. The manufacturers of cycling and e-bikes produce different types of products to cater to the needs of various sectors. The key players of the European Cycling market are Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Accell Group NV, and Trek Bicycle Corporation are also profiled with their financial information and respective business strategies.
Country Coverage
- Germany
- France
- Italy
- Spain
- Rest of Europe
What is the estimated value of the European Cycling Market?
What is the growth rate of the European Cycling Market?
What is the forecasted size of the European Cycling Market?
Who are the key companies in the European Cycling Market?
Report Attribute | Details |
---|---|
No. of Pages | 82 |
Published | October 2021 |
Forecast Period | 2021 - 2025 |
Estimated Market Value ( USD | $ 30.73 Billion |
Forecasted Market Value ( USD | $ 40.28 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Europe |
No. of Companies Mentioned | 4 |
Table of Contents
1. Executive Summary
Executive Summary
The bicycle industry is segmented into traditional bikes, electric bikes and parts, accessories & clothing. Traditional bikes refers to a bicycle, which is a human-powered, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other, whereas, electric bikes which are cycles with an integrated electric motor used to assist propulsion. The parts, accessories and clothing (commonly abbreviated as PAC) which can be subdivided on the basis of its product type (Spare Parts, Accessories, and Clothing), on the basis of its end users (Men, Women, and kids), and by sales channels (offline and online).
The cycling market can be segmented on the basis of product type (Traditional Bikes, Electric-Bikes and Parts, Accessories, & Clothing).
While most of the industries worldwide suffered a negative impact of COVID-19, the cycling market witnessed a positive impact on it. There was a sudden rise in the demand for cycles, especially for the electric bikes. This owed to the European Union concern to stand by the achievement of the zero-emission by 2030 goal as declared during the Paris-Climate Agreement in 2015. Most of the European countries like Belgium, Denmark, Hungary, Latvia, and many more focused on cycling industry to persuade revival of their economy by contributing to the improvising the cycling infrastructure.
The European cycling market has increased significantly during the years 2017-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The European cycling market is expected to increase due to the increasing enthusiasm to ride a cycle, preferences for maintaining a healthy lifestyle and the protective attitude of people towards the environment in recent times. Yet the market faces some challenges such as volatile pricing of raw materials, high maintenance cost, etc.
Companies Mentioned
- Giant Manufacturing Co. Ltd.
- Merida Industry Co. Ltd.
- Accell Group NV
- Trek Bicycle Corporation