DUBLIN--(BUSINESS WIRE)--The "Bicycle Market to 2027: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global bicycle market is expected to reach an estimated $56.1 billion by 2027, growing at a CAGR of 6.0% from 2021 to 2027
The future of the global bicycle market looks promising with opportunities in the road bicycle, mountain bicycle, kids bicycle, e-bicycle and other bicycle segments. The major drivers for this market are raising fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
e-bicycles will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
Europe is expected to remain the largest region and witness the highest growth over the forecast period due to government initiatives to promote sustainable transportation and a healthier lifestyle.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.
With these strategies bicycle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
FAQs Answered in this Report
Q1. What is the bicycle market size?
Answer: The global bicycle market is expected to reach an estimated $56.1 billion by 2027.
Q2. What is the growth forecast for bicycle market?
Answer: The bicycle market is expected to grow at a CAGR of 6.0% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the bicycle market?
Answer: The major drivers for this market are increasing fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
Q4. What are the major applications or end use industries for bicycle?
Answer: E-bicycle is the major segment by product for bicycle.
Q5. What are the emerging trends in bicycle market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles. .
Q6. Who are the key bicycle companies?
Answer: Some of the key bicycle companies are as follows:
- Giant Manufacturing
- Merida Industry Co. Ltd.
- Accell Group NV
- Dorel Industry
- Tube Investment of India Ltd.
- Ideal Bike Corporation
- Hero Cycles Ltd
Q7. Which bicycle product segment will be the largest in future?
Answer: The analyst forecasts that e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
Q8. In bicycle market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and witness the highest growth over the forecast period due to government initiatives to promote sustainable transportation and a healthier lifestyle.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Global Bicycle Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Global Bicycle Market by Type
3.3.1: Road Bicycle
3.3.2: Mountain Bicycle
3.3.3: Kids Bicycle
3.3.4: E-Bicycle
3.3.5: Other Bicycles
4. Market Trends and Forecast Analysis by Region from 2016 to 2027
4.1: Global Bicycle Market by Region
4.2: North American Bicycle Market
4.2.1: Market by Type: Road Bicycle, Mountain Bicycle, Kids Bicycle, E-Bicycle, and Other Bicycles
4.2.2: The US Bicycle Market
4.2.3: Canadian Bicycle Market
4.2.4: Mexican Bicycle Market
4.3: European Bicycle Market
4.3.1: Market by Type: Road Bicycle, Mountain Bicycle, Kids Bicycle, E-Bicycle, and Other Bicycles
4.3.2: Bicycle Market of the United Kingdom
4.3.3: German Bicycle Market
4.4: APAC Bicycle Market
4.4.1: Market by Type: Road Bicycle, Mountain Bicycle, Kids Bicycle, E-Bicycle, and Other Bicycles
4.4.2: Chinese Bicycle Market
4.4.3: Japanese Bicycle Market
4.4.4: Indian Bicycle Market
4.5: ROW Bicycle Market
4.5.1: Market by Type: Road Bicycle, Mountain Bicycle, Kids Bicycle, E-Bicycle, and Other Bicycle
4.5.2: Brazilian Bicycle Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Bicycle Market by Type
6.1.2: Growth Opportunities for the Global Bicycle Market by Region
6.2: Emerging Trends in the Global Bicycle Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Bicycle Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Bicycle Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
- Giant Manufacturing
- Merida Industry Co. Ltd.
- Accell Group NV
- Dorel Industry
- Tube Investment of India Ltd.
- Ideal Bike Corporation
- Hero Cycles
- Specialized Bicycle Components, Inc
- Trek Bicycle Corporation
- Zhonglu Group Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/ihruq5
