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Bicycle Market Global Industry Analysis, Share, Statistics, Trends, Opportunities and Forecasts by 2030

Vision Research Report, Recently Announced New Report on “bicycle market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.

Global “Bicycle market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Bicycle research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.

The Bicycle market revenue share is set to grow at a yearly rate of 8.0% during 2021-2030, while its valuation is Projected to jump from $ 59.31 billion in 2021 to $118.29 Bn in 2030.

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By Technology Analysis

The conventional segment accounted for the largest revenue share of over 80.0% in 2021 and is expected to remain dominant over the forecast period. The large market share is attributed to various factors such as less repair and maintenance cost of conventional bicycles as compared to electric bicycles.

The electric segment is expected to emerge as the fastest-growing segment with a CAGR of 10.2% over the forecast period since electric bicycles are easy to operate. Electric bicycles can also ensure faster journeys as compared to their conventional counterparts.

By Product Analysis

The road bicycle segment accounted for the largest revenue share of over 40.0% in 2021 and is expected to remain dominant over the forecast period. The growth can be attributed to the fact that these are the most basic vehicles, which do not need any sophisticated accessories, such as those required by racing, mountain, or other special-purpose bicycles.

The mountain bicycle segment is expected to grow significantly over the forecast period as consumers, particularly millennials, continue to opt for mountain bicycling as a form of leisure and adventure. Furthermore, the number of women and kids entering sports is increasing steadily and is likely to influence the segment growth across the globe.

The cargo bikes segment is expected to emerge as the fastest-growing segment with a CAGR of 22.3% over the forecast period as users seek ways of replacing motorized transport for short-distance commercial applications.

By Distribution Channel Analysis

The offline distribution channel segment accounted for the largest revenue share of over 50.0% in 2021. The large market share is attributed to the presence of a large number of consumers opting to purchase from offline channels/stores due to the availability of test-drive options. Offline stores also offer personalized/customized buying options, wherein consumers can choose their personalized/customized bicycle designs and colors.

The online distribution channel is expected to emerge as the fastest-growing segment with a CAGR of 10.9% over the forecast period. The growing penetration of smartphones and the internet in the emerging economies, including Brazil, China, India, and Mexico, will further boost consumer engagement in online stores.

By End-user Analysis

The men segment accounted for the largest market share of over 40.0% in 2021. It is also expected to emerge as the fastest-growing segment over the forecast period as the number of men riding bicycles continues to be higher than the number of women and kids.

Bicycle makers are continuously simplifying the cycling mechanism and installing efficient gear systems and shock absorbers. Such developments are particularly enticing women to opt for bicycling for leisure. Women have also been participating aggressively in bicycling events for the past few years. 

By Regional Analysis

Asia Pacific emerged as the dominant regional market in 2021 with a revenue share exceeding 30.0%. Nations such as China, Japan, and Singapore emphasize rolling out the infrastructure necessary to encourage and support bicycle commutation.

Europe is expected to register the highest growth rate of 10.4% over the forecast period. Europe is home to some of the cities that are considered ideal for bicycle commutation. Some of the most popular bicycling events, such as Tour de France and Ronde van Vlaanderen, are also organized in Europe.

Global Bicycle market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Bicycle trade trends and promoting channels analysed. Bicycle Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.

Key Players

  • Accell Group
  • Atlas Cycles (Haryana) Ltd.
  • Avon Cycles Ltd.
  • Cervelo
  • Dorel Industries Inc.
  • Giant Bicycles
  • Merida Industry Co., Ltd.
  • Specialized Bicycle Components, Inc.
  • SCOTT Sports SA
  • Trek Bicycle Corporation

Market Segmentation

  • By Product
    • Mountain Bikes
    • Hybrid Bikes
    • Road Bikes
    • Cargo Bikes
    • Others
  • By Technology
    • Electric
    • Conventional
  • By End-user
    • Men
    • Women
    • Kids
  • By Distribution Channel
    • Online
    • Offline
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

Global Bicycle Market: Drivers and Restrains

The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.

COVID-19 impact on the Bicycle market

COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.

COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.

Key Highlights Involved in the Market Research Report: –

Bicycle Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Bicycle Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.

Bicycle Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.

Bicycle Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.

Bicycle Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.

  • Statistical analysis touching on market size, sales volume, and overall business revenue.
  • Organized mentions of major market trends.
  • Growth opportunities.
  • Figures showcasing market rate.
  • Advantages and disadvantages of direct and indirect sales channels.
  • Insights concerning traders, distributors, and dealers present within the industry.

The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Bicycle Market, By Product

7.1.  Bicycle Market, by Product, 2021-2030

7.1.1.    Mountain Bikes

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    Hybrid Bikes

7.1.2.1.        Market Revenue and Forecast (2019-2030)

7.1.3.    Road Bikes

7.1.3.1.        Market Revenue and Forecast (2019-2030)

7.1.4.    Cargo Bikes

7.1.4.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Bicycle Market, By Technology

8.1.  Bicycle Market, by Technology, 2021-2030

8.1.1.    Electric

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Conventional

8.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Bicycle Market, By Distribution Channel

9.1.  Bicycle Market, by Distribution Channel, 2021-2030

9.1.1.    Online

9.1.1.1.        Market Revenue and Forecast (2019-2030)

9.1.2.    Offline

9.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 10.      Global Bicycle Market, By End-use

10.1.        Bicycle Market, by End-use, 2021-2030

10.1.1.  Men

10.1.1.1.      Market Revenue and Forecast (2019-2030)

10.1.2.  Women

10.1.2.1.      Market Revenue and Forecast (2019-2030)

10.1.3.  Kids

10.1.3.1.      Market Revenue and Forecast (2019-2030)

Chapter 11.      Global Bicycle Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Product (2019-2030)

11.1.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.1.3.  Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2019-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.1.5.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.1.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.1.6.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Product (2019-2030)

11.2.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.2.3.  Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2019-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.5.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.6.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.7.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.8.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.8.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Product (2019-2030)

11.3.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.3.3.  Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2019-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.5.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.6.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.7.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.8.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.8.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Product (2019-2030)

11.4.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.4.3.  Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2019-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.5.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.6.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.7.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.8.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.8.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Product (2019-2030)

11.5.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.5.3.  Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2019-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.5.5.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2019-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.5.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.5.6.3.      Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2019-2030)

Chapter 12.  Company Profiles

12.1.              Accell Group

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Atlas Cycles (Haryana) Ltd.

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Cervelo

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Dorel Industries Inc.

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Giant Bicycles

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Merida Industry Co., Ltd.

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Specialized Bicycle Components, Inc

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              SCOTT Sports SA

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              Trek Bicycle Corporation

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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