Growth Opportunities in the Global Bicycle Industry
The future of the global bicycle industry looks good with opportunities in the segments of e-bikes,road, mountain terrain bike (MTB), and kids’ bicycles. The global bicycle market is expected toreach an estimated $34.9 billion by 2022 and is forecast to grow at a CAGR of 2.7% from 2017 to2022. The major drivers of growth for this market are increasing fitness consciousness amongpeople, increasing environmental concerns, increasing traffic congestion, and governmentprograms to promote cycling.
In this market, road, mountain, kids, e-bikes, and other bicycles are the segments by bicycle type.
Lucintel forecasts that the mountain bicycle segment is expected to remain the largest segment byvalue due to increasing demand for these bicycles for leisure purposes. On the basis of itscomprehensive research, Lucintel predicts that the demand for kids bicycle is likely to experiencethe highest growth in the forecast period as parents are encouraging children to take up physicalactivities such as bicycling.
For business expansion, the report suggests new product development to enhance theperformance of bicycles by making them more lightweight and comfortable. The report furthersuggests the development of partnerships with customers to create win-win situations and thedevelopment of performance-driven solutions for end users.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global bicycle industry in terms ofvalue ($M) and volume (Units) shipment
Trend and forecast analysis: Global bicycle industry trend (2011-2016) and forecast(2017-2022) by region and segment
Segmentation analysis: Global bicycle industry size from 2011 to 2022 by bicycle type,and country type as follows:
Global bicycle industry size by bicycle type:
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