Report forecast the global bicycle market
to grow to USD 44.40 billion during the period 2018-2022.
Bicycles, also called as bikes, are a
two-wheeler vehicle that is an eco-friendly and inexpensive way of commute.
Manual pedal bicycles do not require any external fuel or supply source whereas
electric-driven bicycles (with 250W motor) are assisted by electric power and
have the option to be manually pedaled.
The report covers the present scenario and
the growth prospects of the global bicycle market for 2018-2022. To calculate
the market size, the report considers the scope includes the retail sales of manual,
human-powered two wheeled pedal, bicycles and motor-assisted bicycles, with
only electric bikes (e-bikes) that have maximum of 250W motors fitted-in it to
exceed not more than 25 km per hour.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major
drivers for this market is Consumer’s shifting preference toward cycling as a
sport, leisure, and cardio activity. The major factors increasing the
popularity of cycling are increased awareness about the personal health and
environmental benefits it provides. Cycling has increasingly been gaining the
urban populace’s interest. Urbanization is also playing an important role
because cities are getting more crowded; therefore, increase in traffic jams is
another factor resulting in the growth of cycling. High-end bicycles are also
gaining increasing popularity among sports enthusiasts because of the quality
of the material used as well as the components that are of superior quality
compared to mass bicycles.
Further, the report states that one of the
major factors hindering the growth of this market is Greater availability and
increasing market of refurbished bicycles. Refurbished and used bicycles are
increasingly sold through online and offline stores. The high cost associated
with innovative featured bikes might drive the mass customers toward a
refurbished bike. Multiple second-hand bike competitors provide a warranty to
their customers. This adds to the demand of such bikes from customers,
resulting in minimum profit margin for key competitors. eBay, craigslist,
SecondhandBikes.com, OLX India, Quikr India are the major players who cater to
the marketing and sales of used and refurbished bikes.
Global
Bicycle Market 2018-2022, has been prepared based
on an in-depth market analysis with inputs from industry experts. The report
covers the market landscape and its growth prospects over the coming years. The
report also includes a discussion of the key vendors operating in this market.
key players in the global bicycle market:
Accell Group, Dorel Industries, Giant
Bicycle, GUANGDONG TANDEM INDUSTRIES, ,Insera Sena, and MERIDA
Market
driver
- Consumer’s shifting preference toward cycling as a sport, leisure, and cardio activity
- For a full, detailed list, view our report
Market
challenge
- Greater availability and increasing market of refurbished bicycles
- For a full, detailed list, view our report
Market
trend
- Technological advances in bicycles industry
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 155 pages “Global
Bicycle Market 2018 - 2022” report covers Executive summary, Introduction,
Scope of the report, Research Methodology, Market landscape, Market Sizing, Five
Forces Analysis, Pestle Analysis, Market Segmentation By Product, Market
Segmentation By Propulsion, Customer Landscape, Market Segmentation By
End-User, Market Segmentation By Distribution Channel, Regional Landscape,
Decision Framework, Drivers And Challenges, Market Trends, Competitor
Landscape, Competitor Analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UP4
For related reports please visit: Bicycle Market Research Reports
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and Manufacturing Reports at: https://www.marketresearchreports.com/industry-manufacturing
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