According to a new market research report published by Market Research Future “Bicycle Market Analysis From 2019 to 2023 by Type (e-bikes and conventional bikes), Application (racing, transportation tools and recreation) and Region (North America, Europe and Asia Pacific (APAC))”, the global Bicycle market accounted to hit the market value of USD 63474.2 Mn in 2023 and expected to witness CAGR of 5.02% across the forecast period through 2019 to 2023. Report provides comprehensive information on Global Bicycle Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered –
Cannondale, Giant Bicycles, Accell Group, Merida, Moustache Bikes, Tianjin Fuji-ta Group Co., Ltd, Avon Cycles, Trek Bicycle Corporation, Derby Cycle, F.I.V.E. Bianchi SpA, Hero Cycles Limited, Tube Investments of India Limited, Easy Motion USA, specialized Bicycle Components and NYCeWheels Inc.
Free Sample Copy of “Bicycle Market Research Report – Global Forecast to 2023” available at: https://www.marketresearchfuture.com/sample_request/6928
Bicycle Industry Insight:
The rising number of people opting for bicycle as a form of leisure is likely to augment the market growth. Bicycle is preferred as a convenient form of exercise to ensure a life free from obesity, a healthy life, and free from other disorders. This further encourages the market growth across the globe. Efforts undertaken by the governments across the world to reduce carbon footprints is predicted to push the market growth uphill. With governments focusing on the harmful effects on carbon emissions, the demand for bicycle has increased across the globe.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
This MRFR perspective presents a holistic view of the global bicycle market and with a five-year (2018-2023) revenue projection. Is also includes a discussion on key market drivers, restraints, trends and opportunities. The scope of the discussion also covers different types of bicycles, which includes e-bikes and conventional bikes. Revenue analysis is also made based on the major applications of bicycles such as racing, transportation tools and recreation. The research document also includes a country level analysis of the market that covers major regions of the world such as North America, Europe and Asia Pacific (APAC).
Global Bicycle Market: Segmental Analysis
The global bicycle market has been segmented based on type and application.
By type, the bicycle market is segmented into conventional bike and e-bikes. Of these, conventional bikes acquire the major share in the global market and are expected to retain its position in the long run. On the other hand, e-bikes are likely to expand their market presence by hitting a CAGR of 5.94% during the review period.
By application, the bicycle market is segmented into recreation, racing, and transportation tools. Of these, the recreation segment is estimated to dominate the global market and is likely to surpass a valuation of USD 36,832.4 million by 2023.
Regional Outlook:
The global bicycle market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific holds the largest share of the global market which accounts for 48.7% share. It is expected to continue its dominance through the forecast period and emerge as the fastest growing regional market by 2023. Asia Pacific is expected to attract a larger customer base in the foreseeable future and mark a CAGR of 5.74% during the projection period. The factors that are responsible for catalyzing the growth of the bicycle market in the region are rising per capita income, improving standards of living, and the growth of population.
Europe bags the second spot in the global bicycle market, and its expansion is predicted to be dictated by the ongoing trends of adventure sports. The region is estimated to surpass a valuation of USD 14,675.6 million by the end of 2023 and led by Germany. The soaring popularity of e-bike tourism is likely to steer the growth of the bicycle market in the long run.
The demand for bicycle is skyrocketing in North America, mainly due to the existence of major market players in the region. The regional market is set to garner a CAGR of 4.15% by the end of 2023.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL BICYCLE MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF BICYCLES, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF BICYCLES, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
Continued…
List of Figures:
FIGURE 1 GLOBAL BICYCLE MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL BICYCLE MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL BICYCLE MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL BICYCLE MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL BICYCLE MARKET 31
FIGURE 9 PORTER’S FIVE FORCES MODEL: GLOBAL BICYCLE MARKET 32
FIGURE 10 MARKETING CHANNEL OF BICYCLE 40
Continued…
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