Bicycle Components Market Will hit at a CAGR of 4.3% from 2017-2026
Growth of the global bicycle components market is mainly bound by various macro-economic and micro-economic factors. Surge in the level of pollution has led the manufacturers in the automotive industry to offer environment-friendly mode of transportation. In addition, ruling authorities in various countries are increasingly encouraging adoption of bicycle components as a public transportation. Surge in adoption of bicycle as a public transport on the bus stands and metro stations is projected to boost demand for bicycle components.
Increasing adoption of bicycles among the diabetic and obese population is further projected to impact the global market growth of bicycle components. Growing need to reduce weight and manage the blood sugar level has led to surge in adoption of bicycles globally. In a recent report, CDC states that more than one-third of the adult population in the U.S., which is over 36.5% is obese. Riding bicycles helps in releasing adrenaline and endorphins, which also helps in treatment of depression. Surge in adoption of the bicycles due to various health benefits has revved up demand for bicycles. Increasing demand for bicycles is projected to contribute towards the global market growth of bicycle components during the forecast period.
The manufacturing companies in the automotive industry are mainly concentrating on developing innovative solutions in order to enhance the cycling experience of the customers. Manufacturers are increasingly integrating leading technology for bicycle components such as onboard sensors, GPS, intelligent safety features and built-in micro USB port. With the help of GPS integrated in the bicycle, the customers can conveniently track the routes. Intelligent safety features such as intelligent lights are integrated that flash brighter as the rider approaches near a roundabout to avoid possibilities of collision. Incorporation of onboard sensors in the bicycle enables the customers to conveniently connect various devices with the bicycles. Sensors allow the end users to share data regarding the updates on blood and sugar, along with tracking the calories burned. Incorporation of leading technological advancements will continue to boost demand for bicycles in the automotive industry. Such factors are further projected to contribute towards the global market growth of bicycle components during the forecast period.
To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-5829
As the need to control the speed of bicycles through gear arises, demand for derailleurs is projected to remain high in the automotive industry. In terms of revenue, the derailleurs component type segment is projected to witness the highest growth, recording around US$ 980 Mn by 2026-end. On the other hand, the others component type segment is projected to reflect a healthy CAGR during the forecast period.
By 2017-end, the discount stores sales channel segment is projected to witness a robust revenue growth, accounting for more than US$ 800 Mn. On the other hand, the other sales channel segment is projected to reflect the fastest growth in the global market of bicycle components by 2026-end. During the forecast period, the electric bicycle type segment is projected to reflect a significant CAGR throughout the forecast period. However, the hybrid/cross segment bicycle type segment is projected to represent a significant growth in terms of revenue, representing more than US$ 800 Mn by 2026-end.
Major players in the global market of bicycle components are Atlas Cycles Inc., Giant Bicycles Inc., Cannondale Bicycle Corporation, Avon Cycles Ltd., Accell Group N.V., Cycleurope AB, Dorel Industries Inc., Currie Technologies Inc., Sr. Suntour, Inc. and Shimano, Inc.
Request Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-5829
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bicycle Components Market Will hit at a CAGR of 4.3% from 2017-2026 here
News-ID: 1138111 • Views: 155
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small