Press release
Bicycle Market estimated to Push Growth Margin by year 2023
Bicycle Market
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The bicycle market report is segmented into two parts – By Product Type, End User and Distribution Channel. The Product Type segment is divided into mountain cycle, cyclo-cross cycle, track bicycle and road racing bicycle. Mountain bicycles contribute to the highest market share. The end user, segment, is divided into adult and kids. Adult’s sports bicycle segment has the highest share in the market as a result of government initiatives to encourage cycling and rise in participation of products specifically for women.
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The distribution channel is divided into three segments- Retailers, Online and Departmental Stores. Departmental stores have the highest share in the market. Among all, it is expected that the adult’s sports bicycle segment will be growing at a moderate CAGR of xx% in the assessment period.
Drivers:
• Collaboration with e-commerce websites
• Consumer shifting preference to cycling as a sport or leisure activity
• Awareness towards personal health and environment
Restraints:
• Increasing market of refurbished bicycles
• High cost of products
Opportunities:
• Technological advancements – innovative bicycles and industries
• Growing population of unisex bicycles
• Introduction of ultra-lightweight bicycles
Challenges:
• Intense competition has developed among the producers.
By region, the global bicycle market is segmented as North America, Europe, Asia Pacific and Rest of the world. North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.
Accell Group (Netherlands), Dorel Industries Inc. (Canada), Giant Manufacturing Company Limited (Japan), Guangdong Tandem Industries (China) are some of the key players in the Bicycle Market Report.
Key Benefits for Stakeholders
• Bicycle and components manufacturers
• Raw material suppliers
• E-commerce companies
• Traders, importers, and exporters
By Product Type
• Mountain bicycle
• Cyclo-cross bicycle
• Track bicycle
• Road racing bicycle
By End Use
• Adult
• Kids
By Distribution Channel
• Retailers
• Online
• Departmental Stores
By Region
• North-America
• Europe
• Asia Pacific
• RoW
Key Market Players
• Accell Group
• Dorel Industries Inc.
• Giant Manufacturing Company Limited
• GUANGDONG TANDEM INDUSTRIES
• Insera Sera
• MERIDA
• Yeti Cycles
• Marin Cycles
• cannondale
• Trek Bicycle Corporation
(A brief overview of 10 companies is also provided)
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Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.
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