Bicycle Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

A bicycle is also called a cycle, it is a pedal-driven or motor-powered, single-track vehicle that is used for transport. Growing preference for bicycles as a convenient form of exercise to ensure a healthy life, free from obesity and other disorders are the major driving factor for the growth of the global bicycle market during the forecast period. Rapid urbanization due to the increasing population coupled with the rising traffic congestion and shortage of parking space also positively impacts the growth of the global bicycle market.

MARKET DYNAMICS

Increasing awareness of fitness coupled with the rise in the number of people opting for bicycling as a form of leisure is anticipated to influence the growth of the global bicycle market. An increasing government initiative to promote more sustainable and eco-friendly modes of transport and development of cycling infrastructure is also triggering the bicycle market growth. Furthermore, an increasing inclination towards e-bicycles due to their eco-friendly nature and smooth and easy transportation. This factor is creating ample growth opportunities for the key players of the global bicycle market in the coming years.

MARKET SCOPE

The Global Bicycle Market Analysis to 2031 is a specialized and in-depth study of the bicycle industry with a special focus on the global market trend analysis. The report aims to provide an overview bicycle market with detailed market segmentation as product, type, end-user, and geography. The global bicycle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bicycle market players and offers key trends and opportunities in the bicycle market.

MARKET SEGMENTATION

The global bicycle market is segmented on the basis of product, type, end-user. On the basis of product the market is segmented as mountain bicycles, road bicycles, racing bicycles, hybrid bicycles. On the basis of type the market is segmented as conventional, electric. On the basis of end-user the market is segmented as men, women, kids.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bicycle market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bicycle market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting bicycle market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the bicycle market in these regions.

MARKET PLAYERS

The reports cover key developments in the bicycle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bicycle market are anticipated to lucrative growth opportunities in the future with the rising demand for bicycle in the global market. Below mentioned is the list of few companies engaged in the bicycle market.

The report also includes the profiles of key bicycle companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Accell Group
  
•   Benno Bikes LLC
  
•   Cervélo Cycles Inc.
  
•   Dorel Industries Inc.
  
•   Giant Bicycles
  
•   Merida Industry Co., Ltd
  
•   Scott Sports SA
  
•   Specialized Bicycle Components, Inc.
  
•   Tandem Group plc
  
•   Trek Bicycle Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Bicycle Report Scope