Global Bicycle Market 2021-2025
Technavio has been monitoring the bicycle market and it is poised to grow by $ 20.70 bn during 2021-2025 progressing at a CAGR of 7% during the forecast period. Our report on bicycle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing number of bicycle sports events and government initiatives to promote cycling. In addition, increasing number of bicycle sports events is anticipated to boost the growth of the market as well.
The bicycle market analysis includes product segment, end-user segment, distribution channel segment and geographical landscapes.
Technavio's bicycle market is segmented as below:
- By Product
- On-road and track bicycles
- Off-road bicycles
- X-road and hybrid bicycles
- By End-user
- By Distribution Channel
- By Geographic
- North America
- South America
This study identifies the health, environmental, and economic benefits of cycling as one of the prime reasons driving the bicycle market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on bicycle market covers the following areas:
- Bicycle market sizing
- Bicycle market forecast
- Bicycle market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bicycle market vendors that include Accell Group NV, Atlas Cycles (Haryana) Ltd., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., GUANGDONG TANDEM INDUSTRIES Co. Ltd., Insera Sena. PT., Merida Industry Co. Ltd., Tandem Group Plc, and Trek Bicycle Corp.. Also, the bicycle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.