Bicycle Market Industry Outlook, Size, Growth Factors and Forecast 2030
Bicycle Market: is anticipated to reach US$ 94.25 Bn by 2029 from US$ 58.31 Bn in 2022 at a CAGR of 7.1% during a forecast period.
Bicycle Market Overview
The report serves as a comprehensive guide for investors, stakeholders, and market followers of the Bicycle Market. It offers an in-depth analysis of the market size, segmentation, drivers, and restraints. Factors that are expected to impact the industry positively or negatively are also included, providing decision-makers with a clear understanding of the Bicycle industry’s future outlook.
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Bicycle Market Report Scope and Research Methodology
The research for this report employs a combination of primary and secondary research methods to provide a detailed and accurate analysis of the Bicycle Market. The bottom-up approach is utilized to estimate the market size, while secondary research is used to identify key players in the market. Primary research involves conducting interviews with significant opinion leaders and industry experts, including business owners and marketing specialists. Secondary research involves a thorough review of the annual and financial reports of top manufacturers to calculate their market revenues.
Bicycle Market Regional Insights :
The research includes a global-level regional analysis, providing a comprehensive understanding of the dominant market share and penetration in different regions. It also highlights emerging regions expected to become major markets for Bicycle . The report encompasses a competitive analysis, focusing on growth models, new strategies, and technologies adopted by key players in the market.
Bicycle Market Segmentation :
According to type, the electric bike category held a xx% share of the market in 2022, dominating the market. This is because major nations like the Netherlands, China, Japan, and the US are seeing an increase in demand for electric motorcycles. This is because riding an electric motorbike makes moving around and carrying weight easier. Consequently, postal services are transitioning to electric bikes as a means of conveyance. These bicycles also help with arrival at the destination punctually, petrol savings and weight reduction. The bicycle market is expanding in several nations as a result of this growth.
The market has also been completely transformed by the arrival of electric bicycles, which provide improved speed control and anti-theft capabilities. Since electric bikes require the least effort and time, market expansion is anticipated. The market for electric bikes is predicted to grow as a result of the launch of multiple online booking platforms, such as Yulu, Uber Bike, Ola Bike, and other others. European nations with extensive cycling infrastructure include Germany, Denmark, and the Netherlands. With 20% of all sales in 2022, the Netherlands led the European market for electric bicycles. For the nation’s senior population, which makes up roughly 18.2 percent of the total population, e-bikes are a practical substitute. The expansion of manufacturing facilities is fueling the electric.
by Product
Mountain Bikes
Hybrid/Cross
Road
Cruisers
Electric
by Price
Premium
Mid-range
Low-range
by End User
Men
Women
Kids
Bicycle Market Key Players :
1. Giant Bicycles Inc. 2. Atlas Cycles Ltd 3. Derby Cycle Holding GmbH 4. Trek Bicycle Corporation 5. Avon Cycles Ltd. 6. Zhonglu Co., Ltd 7. Accell Group N.V. 8. Tube Investments of India Limited 9. Dorel Industries Inc. 10. Merida Industry Co., Ltd 11. Tandem Group plc 12. Samchuly Bicycle Co., Ltd 13. F.I.V.E. Bianchi S.p.A 14. Specialized Bicycle Components 15. Hamilton Industries Pvt. Ltd
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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