Sports Bicycles Market Size - By Technology (Electric, Traditional), By Product (Mountain Bicycles, Cyclo-Cross Bicycles, Road Racing Bicycles, Track Racing Bicycles), By End User (Men, Women, Kids), By Sales Channel (Online, Offline) & Forecast, 2024 - 2
Description
Sports Bicycles Market Size - By Technology (Electric, Traditional), By Product (Mountain Bicycles, Cyclo-Cross Bicycles, Road Racing Bicycles, Track Racing Bicycles), By End User (Men, Women, Kids), By Sales Channel (Online, Offline) & Forecast, 2024 - 2032
Sports Bicycles Market size will expand at over 7.5% CAGR from 2024 to 2032, due to the increasing partnerships among event organizers and other players. Of late, organizers are collaborating with bicycle manufacturers and technology firms to enhance race logistics, participant experience, and spectator engagement. These partnerships also involve integrating real-time tracking, data analytics, and interactive spectator features into events.
There have also been innovations in event management for leveraging advancements in virtual reality and augmented reality to create immersive race experiences. For instance, in June 2023, Flanders Classics became a minority shareholder in Cycling Unlimited, alongside Infront, Vogel Investment, Swiss Cycling, and ProTouchGlobal. This strategic partnership focused on enhancing cycling events like the Tour de Suisse for aligning with trends in sports bicycles towards broader event organization and participation innovations.
The market is segregated into technology, product, end-user, and sales channel, and region.
In terms of technology, the electric segment in the sports bicycles industry is set to experience growth at a significant rate through 2032. Electric sports bicycles are transforming the cycling industry by offering enhanced performance and sustainability. Manufacturers are integrating lightweight materials and advanced electric motor technologies to improve speed and endurance. These bicycles are also increasingly popular among enthusiasts for their ability to tackle challenging terrains with ease.
By product, the sports bicycles market from the track racing bicycle segment is projected to rise from 2024 to 2032. Lately, track racing bicycles are evolving with the focus on aerodynamics and lightweight construction to optimize speed and agility on velodromes. Manufacturers are continuously refining materials, such as carbon fiber and aluminum alloys to enhance performance and durability. In addition, the increasing innovations, such as improved handling dynamics, advanced braking systems, and enhanced integration of data analytics for precision training and racing strategies will drive the segment growth.
Regionally, the Europe sports bicycles industry size is projected to depict robust growth between 2024 and 2032, propelled by the competitive sports landscape and the rising disposable incomes. Consumers are increasingly investing in high-performance bicycles for both recreational and competitive use. Manufacturers in the region are continuously innovating with lightweight materials and advanced technologies to meet the demand for speed and durability. The increasing advancements for integrating smart features for enhancing comfort and improving aerodynamics to cater to a diverse and expanding consumer base across Europe will also favor the product demand.
Table of Contents
250 Pages
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360-degree synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component manufacturers
- 3.2.3 Manufacturers
- 3.2.4 Battery and electric system suppliers
- 3.2.5 Distributors and retailers
- 3.2.6 End users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Growing interest in cycling as a sport
- 3.8.1.2 Increased focus on fitness & wellness among bicycle consumers
- 3.8.1.3 Increased leisure and recreation activities
- 3.8.1.4 Government initiatives to promote cycling
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High cost of high-performance sports bicycle
- 3.8.2.2 Limited cycling infrastructure
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Technology, 2021 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Electric
- 5.2.1 Mountain bicycles
- 5.2.2 Cyclo-cross bicycles
- 5.2.3 Road racing bicycles
- 5.2.4 Track racing bicycles
- 5.3 Traditional
- 5.3.1 Mountain bicycles
- 5.3.2 Cyclo-cross bicycles
- 5.3.3 Road racing bicycles
- 5.3.4 Track racing bicycles
- Chapter 6 Market Estimates & Forecast, By Product, 2021 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 Mountain bicycles
- 6.3 Cyclo-cross bicycles
- 6.4 Road racing bicycles
- 6.5 Track racing bicycles
- Chapter 7 Market Estimates & Forecast, By End-User, 2021 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 Men
- 7.3 Women
- 7.4 Kids
- Chapter 8 Market Estimates & Forecast, By Sales Channel, 2021 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 Online
- 8.3 Offline
- Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Netherlands
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
- Chapter 10 Company Profiles
- 10.1 Bianchi Bicycles
- 10.2 BMC Group Holding AG
- 10.3 Cannondale Bicycle Corporation
- 10.4 Cube Bikes
- 10.5 Diamondback
- 10.6 Firefox Bikes
- 10.7 Fuji Bikes
- 10.8 Ghost Bikes
- 10.9 Giant Manufacturing Co., Ltd.
- 10.10 GT Bicycles
- 10.11 Jamis Bikes
- 10.12 Jenson USA
- 10.13 Kona Bikes
- 10.14 Marin Bikes
- 10.15 Merida Industry Co., Ltd.
- 10.16 Orbea Bicycles
- 10.17 Raleigh America
- 10.18 Scott Sports SA
- 10.19 Shimano Inc.
- 10.20 Specialized Bicycle Components Inc.
- 10.21 Trek Bicycle Corporation
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