Global Bicycle Market
The Global Bicycle Market was valued at USD 58.64 billion in 2020 which expected to reach at USD 148.25 billion in 2030 at a CAGR 7.8% from 2020-2030.
Bicycles are the easiest & economical mode of transport. They also helpful to curb pollution levels from other transportation & environmental negative impacts. Cycling is sustainable mode of mobility which has no dependence on fossil fuels & has zero emissions unlike other motorized modes of transport. The rise in the number of people opting for bicycling as a form of leisure is expected to drive the global bicycle market growth.
Market Drivers
The increase in health concerns as well s the rise in adoption of healthy lifestyle is a prominent factor boosting the growth of global bicycle market over the forecast period. Also, continuous fluctuating prices of fuels, increasing air pollution, the rise in government initiatives to promote safe & ecofriendly mode of transportation, and growing expenditure for infrastructure development on cycle networks are some driving factors expected to accelerate the growth of global bicycle market during this forecast time period.
Furthermore, advancements in mobile app development & GPS (Global Positioning System) have resulted in app-based dockless bicycle sharing systems. Moreover, the increase in adoption of such dockless bicycle-sharing systems is expected to support the growth of global bicycle market over the forecast period. Chinese bicycle-sharing companies are particularly investing & expanding their operations aggressively in European region to capitalize on the market opportunities. This is expected to propel market growth in the forthcoming years.
Market Restraints
Lack of infrastructure necessary to support & encourage bicycle commutation, particularly in developing nations such as India, is expected to hamper the growth of the global bicycle market during this forecast timeline.
Market Segmentation
The Global Bicycle Market is segmented into product type such as Mountain Bicycle, Hybrid Bicycle, Road Bicycle, and Others, by technology market is segmented into Electric, and Conventional. Further, market is segmented into end-user such as Men, Women, and Kid.
Regional Analysis
Also, the Global Bicycle Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The APAC region emerged as the dominant segment in the year 2020 with a revenue share exceeding 36%. This region is also anticipated to emerge as the fastest-growing segment in the forthcoming years. Nations such as Japan, China, and Singapore emphasize rolling out the infrastructure necessary to encourage & support bicycle commutation.
Key Players
Some prominent players operating in the global bicycle market are such as Accell Group, Trek Bicycle Corporation, SCOTT Sports SA, Specialized Bicycle Components, Inc., Merida Industry Co., Ltd, Giant Bicycles, Dorel Industries Inc., Cervelo, Avon Cycles Ltd., Atlas Cycles Ltd, etc.
Market Taxonomy
By Product Type
By Technology
By End-User
By Region
Key Questions Addressed by the Report
Global Bicycle Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Bicycle Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Bicycle Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Bicycle Market Share Analysis, By Product Type
5.3 Global Bicycle Market Size and Forecast, By Product Type
5.3.1 Mountain Bicycle
5.3.2. Hybrid Bicycle
5.3.3. Road Bicycle
5.3.4 Others
6 Global Bicycle Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Bicycle Market Share Analysis, By Technology
6.3 Global Bicycle Market Size and Forecast, By Technology
6.3.1 Electric
6.3.2 Conventional
7 Global Bicycle Market, By End-User
7.1 Y-o-Y Growth Comparison, By End-User
7.2 Global Bicycle Market Share Analysis, By End-User
7.3 Global Bicycle Market Size and Forecast, By End-User
7.3. 1 Men
7.3.2. Women
7.3.3. Kid
8 Global Bicycle Market, By Region
8.1 Global Bicycle Market Share Analysis, By Region
8.2 Global Bicycle Market Share Analysis, By Region
8.3 Global Bicycle Market Size and Forecast, By Region
9 North America Bicycle Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 North America Bicycle Market Share Analysis, By Product Type
9.3 North America Bicycle Market Size and Forecast, By Technology
9.4 North America Bicycle Market Size and Forecast, By End-User
9.5 North America Bicycle Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Bicycle Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Europe Bicycle Market Share Analysis, By Product Type
10.3 Europe Bicycle Market Size and Forecast, By Technology
10.4 Europe Bicycle Market Size and Forecast, By End-User
10.5 Europe Bicycle Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Bicycle Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Asia Pacific Bicycle Market Share Analysis, By Product Type
11.3 Asia Pacific Bicycle Market Size and Forecast, By Technology
11.4 Asia Pacific Bicycle Market Size and Forecast, By End-User
11.5 Asia Pacific Bicycle Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Bicycle Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Latin America Bicycle Market Share Analysis, By Product Type
12.3 Latin America Bicycle Market Size and Forecast, By Technology
12.4 Latin America Bicycle Market Size and Forecast, By End-User
12.5 Latin America Bicycle Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Bicycle Market Analysis and Forecast (2021-2030)
13.1 Introduction
13.2 Middle East Bicycle Market Share Analysis, By Product Type
13.3 Middle East Bicycle Market Size and Forecast, By Technology
13.4 Middle East Bicycle Market Size and Forecast, By End-User
13.5 Middle East Bicycle Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Accell Group
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Trek Bicycle Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. SCOTT Sports SA
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Specialized Bicycle Components, Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Merida Industry Co., Ltd
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Giant Bicycles
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Dorel Industries Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Cervelo
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Avon Cycles Ltd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Atlas Cycles Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
