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Bicycle Market: Current Analysis and Forecast (2022-2028)

Publisher UnivDatos Market Insights
Published Jan 12, 2022
Length 163 Pages
SKU # Univ17631828

Description

Bicycle Market: Current Analysis and Forecast (2022-2028)

A bicycle is considered as an eco-friendly mode of transportation, available in range of varieties such as cargo bikes, electric bikes, and mountain bikes. Bicycle is simple to operate, good for health and considered as safest mode of transport. Bicycle market is gaining traction due to hosting of various sports activities, fun activities, bike rallies. In addition, increasing urban road congestion, rising awareness among the population regarding the health benefits and rising trend of mountain trekking are driving the growth of the market. For instance, In July 2021, Trek Bicycle announced the establishment of the Trek Foundation. This established foundation will support public mountain bike trail development and Cycling infrastructure projects

The Seat Belt Retractor Market is expected to grow at a steady rate of around 6% owing to the growing environmental concern among the populace. The growing concern about the safety of environment is also considered as the driving factor of the market.
  • Based on type, the market is segmented into mountain bikes, hybrid bikes, road bikes, cargo bikes and others. The hybrid held largest share of market in 2020 and is expected dominate the market throughout the forecast period. A hybrid bicycle is basically a mix of mountain and road bike. The factors such as highly suitable for urban road transport, growing popularity of adventure sports, hiking activities, and recreational activities are driving the growth of the market.
  • Based on technology, the market is categorized into electric and conventional. Among these, the conventional category held largest share in 2020. Conventional bikes are most used worldwide as they have low cost and suitability for exercise, affordable and eco-friendly and sports and fitness-related application make them highly adopting segment.
  • Based on end-user, the market has been classified into men, women, and kids. The men category is to witness higher CAGR during the forecast period. The segment is expected to rise as more mens use bikes for fitness, exercise, commuting, adventure sports, and recreational activities. Therefore, among men, hybrid, e-bikes, and mountain bikes are preferred.
  • Based on distribution channel, the market has been classified into online and offline. The offline category is to witness higher CAGR during the forecast period. The segment is expected to rise as more consumers believe to physically check the quality before buying bikes, increasing number of offline stores, provides different varieties of bikes. Hence, these are the factors driving the growth of the market. For instance, in November 2021, BLive announced its foray into offline multi-brand retail segment with the launch of a facility in Hyderabad and said that it is looking to roll out over 100 such stores in the next three years.
  • For a better understanding of the market adoption of the All-Terrain Vehicle industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC to grow with high CAGR during forecast period. One of the main forms of transportation in developing Asian nations is cycling. In Asia Pacific, China held the largest market share. The region's market is expanding due to China's high e-bike demand. Additionally, it is projected that the market growth in the next years would be influenced by the rising popularity of bike-sharing services in China as a substitute for public transportation. In addition, the inclination for cycling among Indian urban dwellers, particularly those in Mumbai, Delhi, and other cities, is projected to boost market expansion in the area.
  • Some of the major players operating in the market include Giant Bicycles, Trek Bicycle Corporation, Kalkhoff Werke, Brompton Bicycle Ltd, Avon Cycles Ltd., Kona Bikes, Accell Group, TII, Dorel Industries, and MERIDA BIKES.

Table of Contents

163 Pages
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Seat Belt Retractor Market
2.2. Research Methodology of the Seat Belt Retractor Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE BICYCLE MARKET
6 BICYCLE MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
7.1. Mountain Bikes
7.2. Hybrid Bikes
7.3. Road Bikes
7.4. Cargo Bikes
7.5. Others
8 MARKET INSIGHTS BY TECHNOLOGY
8.1. Electric
8.2. Conventional
9 MARKET INSIGHTS BY END-USER
9.1. Men
9.2. Women
9.3. Kids
10 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
10.1. Online
10.2. Offline
11 MARKET INSIGHTS BY REGION
11.1. North America
11.1.1. U.S.
11.1.2. Canada
11.1.3. Rest of North America
11.2. Europe
11.2.1. Germany
11.2.2. U.K.
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Rest of Asia-Pacific
11.4. Rest of World
12 BICYCLE MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
12.3. Impact Analysis
13 BICYCLE MARKET OPPORTUNITIES
14 BICYCLE MARKET TRENDS
15 DEMAND AND SUPPLY-SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
17.1. Competitive Landscape
17.1.1. Porters Fiver Forces Analysis
18 COMPANY PROFILED
18.1. Giant Bicycles
18.2. Trek Bicycle Corporation
18.3. Kalkhoff Werke
18.4. Brompton Bicycle Ltd
18.5. Avon Cycles Ltd.
18.6. Kona Bikes
18.7. Accell Group
18.8. TII
18.9. Dorel Industries
18.10. MERIDA BIKES
19 DISCLAIMER

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