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Road Bikes Market Is Expected To Reach 3250 Million USD by The End of 2025 - QYResearch
In terms of consumption side, this report focuses on the consumption of Road Bikes by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Road Bikes is used to describe bicycles built for traveling at speed on paved roads. Some sources use the term to mean racing bicycle. Other sources specifically exclude racing bicycles from the definition, using the term to mean a bicycle of a similar style but built more for endurance and less the fast bursts of speed desired in a racing bicycle; as such, they usually have more gear combinations and fewer hi-tech racing features.
The global average price of Road Bikes is in the increasing trend, from 401 USD/Unit in 2012 to 432 USD/Unit in 2016. With the development of technology, prices will be in increasing trend in the following several years. The classification of Road Bikes includes Aluminum Bike, Carbon Fiber Bike, etc. by materials. The proportion of Aluminum Bike in 2016 is about 73.42%, and the proportion is in slowly decreasing trend from 2012 to 2016. Road Bikes is widely used in personal recreation and bicycle racing. The most proportion of Road Bikes is personal recreation, with market share of 80.24% in 2016. The trend of Building Construction is slowly decreasing.
South Region is the largest consumption place due to the largest population, with a consumption market share nearly 46.47% in 2016. Following South Region, West Region and Northeast Region take the second and third largest place with the consumption market share of 20.84% and 19.63%. The Road Bikes market was valued at 2100 Million US$ in 2017 and is projected to reach 3250 Million US$ by 2025, at a CAGR of 5.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Road Bikes.
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This report includes the following manufacturers; we can also add the other companies as you want.
Giant
Trek
Hero Cycles
Merida
Fuji Bikes
Xidesheng Bicycle
Accell
Specialized
Cannondale
Cube
Market Segment by Product Type
Aluminum Road Bike
Carbon Fiber Road Bike
Market Segment by Application
Transportation Tools
Racing
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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