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Global Bicycle Market is Expected to Thrive at a CAGR of 4.1% by 2023 | Top Key Players - Accell Group, Atlas Cycles Ltd., Dorel Industries, Giant Bicycles, Merida

02-19-2019 11:25 AM CET | Industry, Real Estate & Construction

Press release from: KD Market Insights

Global Bicycle Market is Expected to Thrive at a CAGR of 4.1%

A recent report by KD market insights titled as "Bicycle Market - By Product Type (Sports, Road, Mountain, Hybrid), By Demography (Male, Female), By Technology (Electric, Conventional) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Bicycle Market competitors share and region wise analysis around the globe.

Global bicycle market accounted for USD 56,498.4 million in 2017 and is estimated to reach USD 82,165.8 million in 2023, registering a compound annual growth rate (CAGR) of 4.1% between 2017 and 2023.

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Growth Drivers & Barriers
Increasing adoption of green transportation coupled with rising health concerns among population is anticipated to impel the growth of the bicycle market during the forecast period. Apart from this, rising application of bicycle in trekking and recreational activities is expected to supplement the growth of the market.

Rise in the number of cycling events across the globe is believed to aid the growth of the global bicycle market. Addition to that, government of various nations are encouraging the adoption of bicycle to reduce carbon footprint. This is envisioned to strengthen the growth of the market in the years ahead.

Rising traffic congestion issues and rising fuel prices are few of the major factors which are believed to propel the market in the upcoming years. Furthermore, health related benefits of riding bicycles such as low obesity and others is also believed to create significant demand for bikes during the forecast period. Moreover, manufactures are continuously launching new bicycles with various advanced features which is gaining traction among consumers.

Regional Outlook:
In the terms of geography, the bicycle market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Asia Pacific is slated to account for highest percentage of market share in overall bicycle market during the forecast period. Europe bicycle market accounted for second position in overall bicycle market in 2017.

Segmentation
The research offers a comprehensive analysis of bicycle market with respect to following sub-markets:

By Product Type
- Sports
- Road
- Mountain
- Hybrid

By Demography
- Male
- Female

By Technology
- Electric
- Conventional

By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as

- Accell Group
- Atlas Cycles Ltd.
- Dorel Industries
- Giant Bicycles
- Merida
- Specialized Bicycle Components
- Olympus Corp
- Scott Sports
- Cervelo Bicycles
- Trek Bicycle
- Others Major and Niche Key Players

Browse Full Report With TOC@ https://www.kdmarketinsights.com/product/bicycle-market

Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Bicycle Market
3. Global Bicycle Market Trends
4. Opportunities in Global Bicycle Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Bicycle Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023

8. Global Bicycle Market Segmentation Analysis, By Product Type
8.1. Introduction
8.2. Market Attractiveness, By Product Type
8.3. BPS Analysis, By Product Type
8.4. Sports Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Road Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Mountain Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Hybrid Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023

9. Global Bicycle Market Segmentation Analysis, By Demography
9.1. Introduction
9.2. Market Attractiveness, By Demography
9.3. BPS Analysis, By Demography
9.4. Male Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Female Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023

10. Global Bicycle Market Segmentation Analysis, By Technology
10.1. Introduction
10.2. Market Attractiveness, By Technology
10.3. BPS Analysis, By Technology
10.4. Electric Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Conventional Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…

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About KD Market Insights

KD Market Insights has come with the idea of helping business by intelligent decision making and thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. At KD Market Insights, we offer our client a deep Market research reports accompanied by business consulting services that can help them to reach on top of the corporate world. Our customized reports are built by keeping all factors of the industry in mind.

Contact Us

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Albany, New York
United states (12207)
Telephone: +1-518-300-1215
Email: - sales@kdmarketinsights.com
Website: - www.kdmarketinsights.com

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