The new report by Expert Market Research titled, ‘Global Bicycle Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global bicycle market, assessing the market based on its segments like products, prices, technologies, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/bicycle-market/requestsample
The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 54 billion
• Forecast CAGR (2020-2025): 5.2%
• Forecast Market Size (2025): USD 68 billion
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/bicycle-market
With increased health awareness, there has been a surge in bicycle sales, which, in turn, is driving the global bicycle market forward. People have started to realize the importance of staying fit and aware of the fact that frequent bicycling can help keep, such as obesity, at bay. Rapid urbanisation and rising disposable incomes have provided an impetus to the market growth. More and more people are shifting towards a fit and healthier lifestyle, aiding the global bicycle market growth. Moreover, the demand for e-bicycles is gaining traction. They are equipped to manage speeds effectively, providing a more comfortable experience to riders, especially in mountain areas, overpasses and tough roads.
Industry Definition and Major Segments
A bicycle, commonly known as a bike or cycle, is a single-track vehicle having two wheels attached to a frame. Bicycles are a common mode of commute and are quickly replacing traditional bikes owing to the health benefits.
By product, the market is divided as follows:
• Mountain Bicycles
• Hybrid Bicycles
• Road Bicycles
• Others
The market on the basis of price is segmented into:
• Premium
• Mid Range
• Low Range
The segments based on technology are:
• Electric
• Conventional
On the basis of end use, the industry is divided into:
• Men
• Women
• Kids
The regional markets for the product:
• Asia Pacific
• Europe
• North America
• Latin America
• Middle East and Africa
The Asia Pacific is the leading regional market for bicycle.
Market Trends
The Asia Pacific region accounted for a majority market share. Countries like China, India, Australia, Japan, and South Korea are the major contributors to the market growth. Several tournaments have been hosted, especially in these regions, to enhance the popularity and demand for sports bicycles. With rapid urbanisation, especially in metropolitan cities, traffic and congestion have increased significantly, prompting consumers to take up bicycling for smaller distances to save time. Moreover, expansion in manufacturing facilities and the growth of automotive and construction activities across the globe, especially in the Asia Pacific region, has resulted in the low costs of the product, thus, driving the bicycle market forward.
Key Market Players
The major players in the market are Giant Group, Santa Cruz Bicycles, LLC, Santa Cruz Bicycles, Accell Group (OTCMKTS: ACGPF), Trek Bicycle Corporation, Merida Industry Co., Ltd. (TPE: 9914), and Dorel Industries Inc. (Dorel Industries Inc.), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Motorcycle Airbag Market: https://www.expertmarketresearch.com/reports/motorcycle-airbag-market
Orbital Polisher Market: https://www.expertmarketresearch.com/reports/orbital-polisher-market
Portable Stages Market: https://www.expertmarketresearch.com/reports/portable-stages-market
Interior Car Accessories Market: https://www.expertmarketresearch.com/reports/interior-car-accessories-market
Train Seat Materials Market - https://www.expertmarketresearch.com/reports/train-seat-materials-market
Traction Control System Market - https://www.expertmarketresearch.com/reports/traction-control-system-market
Ride On Mower Market - https://www.expertmarketresearch.com/reports/ride-on-mower-market
Automotive Seats Market - https://www.expertmarketresearch.com/reports/automotive-seats-market
Backhoe Loaders Market - https://www.expertmarketresearch.com/reports/backhoe-loaders-market
Fleet Management Market - https://www.expertmarketresearch.com/reports/fleet-management-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Contact Information:
Company Name: Expert Market Research
Contact Person: Max Smith, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com