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Global Bicycle Industry Market Dynamics & Strategic Insights 2021-2030
A bicycle also called a bike or cycle, is a human-powered or motor-powered, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other. A bicycle rider is called a cyclist, or bicyclist. Bicycles are the easiest and economical mode of transport. They also help curb pollution levels from other transportations and other environmental negative impacts. Cycling is the most sustainable mode of mobility, has no dependence on fossil fuels, and has zero emissions unlike other motorized modes of transport.
Global Bicycle Market іѕ ѕеgmеntеd on the bаѕіѕ оf Type ( Road/Standard Bicycle, MTB/Racing Bicycle, Kids Bicycle, and E-bikes) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Bicycle Market wаѕ vаluеd аt UЅD 9,863.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 5.3% frоm 2021 tо 2030.
The report on Global Bicycle Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Bicycle Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Bicycle Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Bicycle Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Bicycle Market.
Market Dynamics:
Rising health concerns and growing adoption of a healthy lifestyle is a major factor driving the growth of the global bicycle market over the forecast period. Also, rising air pollution, increasing government initiatives to promote a safe and eco-friendly mode of transportation, continuous fluctuating fuel prize, and increased expenditure for infrastructure development on cycle networks are other factors expected to support the growth of the global bicycle market. Moreover, improved health, the better quality of life, cost savings is increasing preference among adults is resulting in increasing preference for bicycle in developed countries, which is expected to further fuel growth of the market. Furthermore, the increasing demand for sports bicycles among cycling athletes is another factor expected to support the growth of the global bicycle market.
However, the high cost of raw materials is a major factor that hampers the growth of the global bicycle market. Also, the rising demand for technologically advanced walking equipment such as self-balancing scooters is expected to challenge the growth of the global bicycle market to a certain extent in the coming years. Furthermore, increasing R&D activities by manufacturers is expected to create new opportunities in terms of revenue for players operating in the global bicycle market over the forecast period.
The current trend observed in the market is initiatives by healthcare organizations and governments in various countries to promote an ecofriendly and economical mode of transportation, which can help stay people fit is expected to gain traction in the next few years.
Segmental Analysis:
Among the type segments, the E-bikes segment is accounted for a major revenue share and is expected to maintain its dominance in the global market.
Regional Analysis:
Asia Pacific market is expected to account for major revenue share and is expected to register faster growth in terms of revenue in the global bicycle market. This is attributed to an increasing eco-friendly approach towards transportation and increasing government initiatives to promote cycling as the safe mode of transportation, and the presence of prominent players operating in countries in this region. North America and Europe markets account for significant revenue shares in the global bicycle market, followed by markets in Latin America and the Middle East & Africa respectively. The market in Europe is projected to register the fastest growth in terms of revenue, owing to the increasing adoption of bicycles among the population of all age groups, increasing government spending on infrastructure development of cycling network and end trip facility. The government of Copenhagen, the capital of Danish is developing the state into a bicycle-friendly city. It has invested $150 million in cycling infrastructure and facilities since the last decade.
Global Bicycle Market Segmentation:
Segmentation by Type:
• Road/Standard Bicycle
• MTB/Racing Bicycle
• Kids Bicycle
• E-bikes
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Derby Cycle Corporation
shimano Giant Manufacturing Co. Ltd.
Fuji Corporation
Cannondale Corp.
Atlas Group
Accell Group N.V.
BSA Limited
Hercules Cycles
Hero Cycles Limited
Dorel Industries Inc.
Merida Industry Co. Ltd.
Global Bicycle Market іѕ ѕеgmеntеd on the bаѕіѕ оf Type ( Road/Standard Bicycle, MTB/Racing Bicycle, Kids Bicycle, and E-bikes) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Bicycle Market wаѕ vаluеd аt UЅD 9,863.2 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 5.3% frоm 2021 tо 2030.
The report on Global Bicycle Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Bicycle Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Bicycle Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Bicycle Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Bicycle Market.
Market Dynamics:
Rising health concerns and growing adoption of a healthy lifestyle is a major factor driving the growth of the global bicycle market over the forecast period. Also, rising air pollution, increasing government initiatives to promote a safe and eco-friendly mode of transportation, continuous fluctuating fuel prize, and increased expenditure for infrastructure development on cycle networks are other factors expected to support the growth of the global bicycle market. Moreover, improved health, the better quality of life, cost savings is increasing preference among adults is resulting in increasing preference for bicycle in developed countries, which is expected to further fuel growth of the market. Furthermore, the increasing demand for sports bicycles among cycling athletes is another factor expected to support the growth of the global bicycle market.
However, the high cost of raw materials is a major factor that hampers the growth of the global bicycle market. Also, the rising demand for technologically advanced walking equipment such as self-balancing scooters is expected to challenge the growth of the global bicycle market to a certain extent in the coming years. Furthermore, increasing R&D activities by manufacturers is expected to create new opportunities in terms of revenue for players operating in the global bicycle market over the forecast period.
The current trend observed in the market is initiatives by healthcare organizations and governments in various countries to promote an ecofriendly and economical mode of transportation, which can help stay people fit is expected to gain traction in the next few years.
Segmental Analysis:
Among the type segments, the E-bikes segment is accounted for a major revenue share and is expected to maintain its dominance in the global market.
Regional Analysis:
Asia Pacific market is expected to account for major revenue share and is expected to register faster growth in terms of revenue in the global bicycle market. This is attributed to an increasing eco-friendly approach towards transportation and increasing government initiatives to promote cycling as the safe mode of transportation, and the presence of prominent players operating in countries in this region. North America and Europe markets account for significant revenue shares in the global bicycle market, followed by markets in Latin America and the Middle East & Africa respectively. The market in Europe is projected to register the fastest growth in terms of revenue, owing to the increasing adoption of bicycles among the population of all age groups, increasing government spending on infrastructure development of cycling network and end trip facility. The government of Copenhagen, the capital of Danish is developing the state into a bicycle-friendly city. It has invested $150 million in cycling infrastructure and facilities since the last decade.
Global Bicycle Market Segmentation:
Segmentation by Type:
• Road/Standard Bicycle
• MTB/Racing Bicycle
• Kids Bicycle
• E-bikes
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Derby Cycle Corporation
shimano Giant Manufacturing Co. Ltd.
Fuji Corporation
Cannondale Corp.
Atlas Group
Accell Group N.V.
BSA Limited
Hercules Cycles
Hero Cycles Limited
Dorel Industries Inc.
Merida Industry Co. Ltd.
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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