Global Bicycle Market Report was valued at USD xx Billion in the year 2018. Global Bicycle Market is further estimated to grow at a CAGR of xx from 2011 to reach USD xx Billion by the year 2025.
The bicycle market report is segmented into two parts By Product Type, End User and Distribution Channel. The Product Type segment is divided into mountain cycle, cyclo cross cycle, track bicycle and road racing bicycle. Mountain bicycles contribute to the highest market share. The end user, segment, is divided into adult and kids. Adult?s sports bicycle segment has the highest share in the market as a result of government initiatives to encourage cycling and rise in participation of products specifically for women.
The distribution channel is divided into three segments Retailers, Online and Departmental Stores. Departmental stores have the highest share in the market. Among all, it is expected that the adult?s sports bicycle segment will be growing at a moderate CAGR of xx% in the assessment period.
Collaboration with e commerce websites
Consumer shifting preference to cycling as a sport or leisure activity
Awareness towards personal health and environment
Increasing market of refurbished bicycles
High cost of products
Technological advancements innovative bicycles and industries
Growing population of unisex bicycles
Introduction of ultra lightweight bicycles
Intense competition has developed among the producers.
By region, the global bicycle market is segmented as North America, Europe, Asia Pacific and Rest of the world. North America region holds the highest market share in 2018 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.
Accell Group (Netherlands), Dorel Industries Inc. (Canada), Giant Manufacturing Company Limited (Japan), Guangdong Tandem Industries (China) are some of the key players in the Bicycle Market Report.
Key Benefits for Stakeholders
Bicycle and components manufacturers
Raw material suppliers
E commerce companies
Traders, importers, and exporters
By Product Type
Cyclo cross bicycle
Road racing bicycle
By End Use
By Distribution Channel
Key Market Players
Dorel Industries Inc.
Giant Manufacturing Company Limited
GUANGDONG TANDEM INDUSTRIES
Trek Bicycle Corporation
(A brief overview of 10 companies is also provided)
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