Press release
High-End Bicycle Market by 2027 Next Big Thing | Prominent Companies: Accell Group NV, Beistegui Hermanos SA, Derby Cycle Holding
High-End Bicycle Market Outlook 2021-2027: High-end Bicycles are high-speed bikes that are built with advanced technology and modern designs incorporating high-quality materials to offer comfort and durability. These bikes are priced over a thousand dollar approximately; hence, their penetration rate among price-sensitive consumers is low. High-end bikes are targeted at premium customers. Moreover, bicycles have played an important role in the recent history of man as they have also managed to accede to the relentless evolution of the transportation system. As concerns over global warming continue to grow, more consumers are expected to opt for bicycles. Cycling enthusiasts, adventure seekers, and urban commuters are the key customers who drive the global high-end bicycle market. In addition, the increasing trend of bicycling is expected to fuel the high-end bicycle market over the forecast period.Download Report (210 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/10427
COVID-19 scenario analysis:
• Bicycle retailers are set to be among the least affected type of business by a reduction in consumer spending over the next 12 months as a result of the COVID-19 pandemic.
• Bicycle manufacturers are unable to meet the rising demand and recover the losses faced during the nationwide lockdown due to the shortage of labor in the state.
• The cycle industry is working to strengthen itself in the coming years as the industry is booming, but due to a shortage of labor, it is unable to meet the demand.
• The demand for modernized cycle has increased as fitness enthusiasts now prefer to opt for cycling over going to gyms due to the COVID-19 infection in crowded places.
• The cycle industry is struggling with labor shortage as they went back to their homes during the lockdown.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/10427
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Some of the factors, including the growing track bicycle races trend across the globe and favorable government initiatives are expected to spur the demand over the forecast period. However, the accessibility of sports and racing bicycles made using composite materials make the sports bicycles expensive, which is not favorable for the market expansion, and is anticipated to hamper the growth of the market. Furthermore, bicycle manufacturers are trying to offer a variety of products to increase their product sales by increasing the popularity of bicycles, which is expected to offer lucrative opportunities for the market over the forecast period.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/10427
The high-end bicycle market trends are as follows:
Growing track bicycles race trend across the globe
Track bicycles are optimized for racing at a velodrome or outdoor track. The demand for bicycle racing is tremendously increasing among people for various physical activities. Additionally, the continued shift toward more track competitions is driving the demand for leisure activities such as running and cycling across the world. Moreover, the importance of sports activities for health reasons, increasing influence of celebrity endorsement, and international sports events are encouraging the involvement of consumers in various cycling activities. Therefore, these factors are expected to further drive the high-end bicycle market over the forecast period.
Favorable government initiatives
Increase in government initiatives in various countries, meant to improve participation rate, is playing a key role in driving the market in the last few years. In addition, many developing economies are organizing events and sports for attracting more people toward a healthy and fit lifestyle. The demand for premium road racing bicycles is continuously increasing due to substantial increase and fluctuations in the price of fuel over the past few years. Therefore, the growing initiative by developing economies toward more physical activities is driving the high-end bicycle market, and is expected to grow further during the forecast period.
Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/10427
Key benefits of the report:
• This study presents the analytical depiction of the high-end bicycle market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the high-end bicycle market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the high-end bicycle market scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the market research report:
• Which are the leading market players active in the market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?
Browse Complete Report at https://www.alliedmarketresearch.com/high-end-bicycle-market-A10062
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
This release was published on openPR.
Permanent link to this press release:
Copy
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 High-End Bicycle Market by 2027 Next Big Thing | Prominent Companies: Accell Group NV, Beistegui Hermanos SA, Derby Cycle Holding here
News-ID: 2244904 • Views: …
More Releases for Allied
Allied Market Research
The global intraoral scanners market is experiencing rapid growth, with its valuation reaching $969.4 million in 2023 and projected to soar to $2,816.4 million by 2035, growing at an impressive CAGR of 9.3%. This surge is driven by technological advancements, increasing oral health awareness, and the growing adoption of intraoral scanners in orthodontics, prosthodontics, and restorative dentistry. With over 3.5 billion people affected by oral diseases worldwide, the demand for…
Allied Market Research
The global nonwoven fabrics market is experiencing robust growth, driven by increasing demand across various industries, including healthcare, textiles, and automotive. According to a recent report by Allied Market Research, titled "Nonwoven Fabrics Market by Polymer Type, Function, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030", the market generated $38.3 billion in 2020 and is projected to reach $68.1 billion by 2030, growing at a CAGR of 6.0%…
Allied Market Research
According to the report published by Allied Market Research, the global automotive artificial intelligence (AI) market garnered $445.8 million in 2017 and is expected to reach $8.88 billion by 2025, growing at a CAGR of 45.0% from 2018 to 2025. The report provides an extensive analysis of the key segments, changing trends, top-winning strategies, market size & projections, and competitive scenario.
🔜𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/4638
𝐋𝐢𝐬𝐭 𝐎𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Waymo,
BMW,
Intel…
Allied Market Research
The rise in demand for the industrial internet of things and DNS platforms, the substantial adoption of virtualization by organizations and factors such as bring your own device to reduce operational expenditure are the factors which significantly drives the growth of DDI market. In addition, the implementation of IoT platforms requires a large number of devices, frameworks, and IP services at a large scale. IoT platforms at this scale and…
Global Leather and Allied Products Market | Global Leather and Allied Products I …
The leather and allied products market comprises of sales of leather and allied products by individuals (organizations, sole traders and partnerships) that introduce the leather and allied products. The Leather and allied product producers transmute hides into leather by tanning or preserving and fabricating the leather into the products for final consumption, and/or introduce the similar products from other materials, comprising the products (except apparel) made from "leather substitutes likewise…
Allied Market Research
"World Castration-Resistant Prostate Cancer (CRPC) Therapeutics - Market Opportunity and Forecast, 2014-2020", the global CRPC therapeutics market would generate a revenue of $9.5 billion by 2020, registering a CAGR of 9.1% from 2015 to 2020. Hormonal therapy segment spearheads among all the therapy types, governing around 4/5th of the global market value in 2014 and would sustain its market position throughout 2020.
Download the Sample Report @ https://www.alliedmarketresearch.com/request-sample/694
The global CPRC therapeutics…