The future of the global bicycle market looks promising with opportunities in the road bicycle, mountain bicycle, kids bicycle, e-bicycle and other bicycle segments. The global bicycle market is expected to reach an estimated $99.5 billion by 2028 with a CAGR of 5.9% 2022 to 2028. The major drivers for this market are raising fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
A total of 130 figures /charts and 72 tables are provided in this 178-page report to help in your business decisions.
The analyst forecasts that e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global bicycle market by bicycle type and region, as follows:
Answer: The global bicycle market is expected to reach an estimated $99.5 billion by 2028.
Q2. What is the growth forecast for bicycle market?
Answer: The bicycle market is expected to grow at a CAGR of 5.9% from 2022 to 2028.
Q3. What are the major drivers influencing the growth of the bicycle market?
Answer: The major drivers for this market are increasing fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
Q4. What are the major applications or end use industries for bicycle?
Answer: E-bicycle is the major segment by product for bicycle.
Q5. What are the emerging trends in bicycle market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles. .
Q6. Who are the key bicycle companies?
Answer: Some of the key bicycle companies are as follows:
Answer: The analyst forecasts that e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
Q8: In bicycle market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and witness the highest growth over the forecast period due to government initiatives to promote sustainable transportation and a healthier lifestyle.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last five years?
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Emerging Trends in the Bicycle Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles.A total of 130 figures /charts and 72 tables are provided in this 178-page report to help in your business decisions.
The analyst forecasts that e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global bicycle market by bicycle type and region, as follows:
Bicycle Market by Type [Value ($ Million) and Volume (Million Units) from 2017 to 2028]:
- Road Bicycle
- Mountain Bicycle
- Kids Bicycle
- E-Bicycle
- Other Bicycles
Bicycle Market by Region [Value ($ Million) and Volume (Million Units) from 2017 to 2028]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- APAC
- China
- India
- Japan
- ROW
- Brazil
List of Bicycle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bicycle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bicycle companies profiled in this report includes.- Giant Manufacturing
- Merida Industry Co. Ltd.
- Accell Group NV
- Dorel Industry
- Tube Investment of India Ltd.
- Ideal Bike Corporation
- Hero Cycles Ltd
Bicycle Market Insights
- The analyst forecasts that e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
- Europe is expected to remain the largest region and witness the highest growth over the forecast period due to government initiatives to promote sustainable transportation and a healthier lifestyle.
Features of the Global Bicycle Market
- Market Size Estimates: Global bicycle market size estimation in terms of value ($M) and volume (million units) shipment.
- Trend And Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
- Segmentation Analysis: Global bicycle market size by various segments, such as by type in terms of value and volume.
- Regional Analysis:Global bicycle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different segments by a type and regions for the global bicycle market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global bicycle market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model
FAQS
Q1. What is the bicycle market size?Answer: The global bicycle market is expected to reach an estimated $99.5 billion by 2028.
Q2. What is the growth forecast for bicycle market?
Answer: The bicycle market is expected to grow at a CAGR of 5.9% from 2022 to 2028.
Q3. What are the major drivers influencing the growth of the bicycle market?
Answer: The major drivers for this market are increasing fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
Q4. What are the major applications or end use industries for bicycle?
Answer: E-bicycle is the major segment by product for bicycle.
Q5. What are the emerging trends in bicycle market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles. .
Q6. Who are the key bicycle companies?
Answer: Some of the key bicycle companies are as follows:
- Giant Manufacturing
- Merida Industry Co. Ltd.
- Accell Group NV
- Dorel Industry
- Tube Investment of India Ltd.
- Ideal Bike Corporation
- Hero Cycles Ltd
Answer: The analyst forecasts that e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
Q8: In bicycle market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and witness the highest growth over the forecast period due to government initiatives to promote sustainable transportation and a healthier lifestyle.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global bicycle market by type (road bicycle, mountain bicycle, kids bicycle, e-bicycle, and other bicycles) and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last five years?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Giant Manufacturing
- Merida Industry Co. Ltd.
- Accell Group NV
- Dorel Industry
- Tube Investment of India Ltd.
- Ideal Bike Corporation
- Hero Cycles
- Specialized Bicycle Components, Inc
- Trek Bicycle Corporation
- Zhonglu Group Co., Ltd
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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