Global Bicycle Market
Outlook, 2020-25, published by Bonafide Research, is segmented by Type (Road
Bicycle, Mountain Bicycle, Hybrid Bicycle, E-Bicycle , and Others); by
Demographic (Men, Women, and Kids), and by Geographic Region. The global
bicycle market was recorded at a value of USD 43.95 Billion in the year 2015,
which is projected to grow at a CAGR of over 2% during the forecast period of
2020 - 2025. Drivers of the bicycle market are buyers shifting preference
toward cycling as a sport, leisure, and cardio activity.
While the mountain bikes dominate the market by
value, the road bikes dominate by volume. Even though the mountain bikes have a
considerable fan globally, the price of the segment is higher than the road
bikes, and the demand is limited to the professional and adventure riders.
Thus, the mountain bikes are being recorded to hold a share of over 25% by
value and less than 25% of the market by volume. Moreover, rapidly progressing
infrastructure spending is also taking the form of establishing e-bike recharge
stations and increasing bicycle parking and hiring stations, especially near
metro stations to ease multimodal transportation is thus driving the overall
market.
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The Middle East & Africa
region which is expected to have the highest share contribution by the hybrid
bicycles in the forecasted period. Asia-Pacific is the largest and also the
fastest-growing region in the global bicycle market. China, Japan, Australia,
India, and South Korea are some of the top contributing countries in the
region. Moreover, these countries have started hosting numerous cycling
tournaments, which, in turn, will increase the popularity and demand for sports
bicycles. In addition, there’s a rise in women’s participation rate and
government initiatives that are likely to boost the demand for bicycles in the
region. Owing to such increased demand, bicycle companies in the market are
launching innovative bicycles and accessories, which will lead to significant
market growth during the forecast period.
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 the future.
However, Greater availability and a growing market of refurbished bicycles are
the challenges of the market. For example in the USA, people use bikes for
slimming and better feeling because cycling burns 600 calories an hour, but in
China or other countries people use bikes mostly for transportation needs. For
these reasons in some countries bikes are especially popular.
We provide 10% free customization with
this report, we have considered
covid-19 effect for year 2020 and in forecast period.
Major Companies Present in the
market
The key players of
the Global Bicycle Market are Abici, A-Bike,
Accell Group, Amer Sports, Atlas Cycles Limited, Avon Cycles Limited,
Bridgestone, Caloi, Camplagnolo, Cannondale, Cervélo Cycles, Cube Cycles,
Curtlo, Derby Cycle, Dorel Industries Inc., Firefox Bikes Private Limited,
Fuji-ta, Giant Bicycles, Hero Cycles Limited, Maxcom Ltd., Merida Bikes
International, Orbea, Santa Cruz Bicycle, Scott Sports, Specialized Bicycle
Components, Inc, STRiDA, XDS Shenzhen Xidesheng Bicycles Co.
Considered
in this report
- Geography: Global
- Base Year: 2019-2020
- Estimated Year: 2014-2015
- Forecast Year: 2025-2026
The
following aspects are covered in the report "Global Bicycle Market
Outlook, 2026"
·
Market Size By Value for the time period (2015-2026F)
·
Market Size By Volume for the time period (2020-2025)
·
Market Share by Type of Bicycle (2020 & 2026F)
·
Market Share by Demography (2020 & 2026F)
·
Market Share by Sales Channel (2020 & 2026F)
·
Market Share by Region (2020 & 2026F)
·
Market Share by Country (2020 & 2026F)
·
Market Share by Company (2020)
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Table
of contents
·
1 Executive Summary
·
2 Report Methodology
·
3 Global Bicycle Market Outlook (Market Size,
Market Share)
·
4 North America Bicycle Market Outlook (Market
Size, Market Share)
·
5 Europe Bicycle Market Outlook (Market Size,
Market Share)
·
6 Asia Pacific Bicycle Market Outlook (Market Size,
Market Share)
·
7 Latin America Bicycle Market Outlook (Market
Size, Market Share)
·
8 Middle East & Africa Bicycle Market Outlook(Market
Size, Market Share)
·
9 Market Dynamics
·
10 Market Trends & Developments
·
11 Competitive Landscape
·
12 Disclaimer
·
13 Recommendation
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