Europe Bicycle Market Top Key Players – Bianchi, Giant, Trek Bicycle Corp., Schwinn Bicycles, Ribble Cycles, Colnago Ernesto & C. S.r.l. or Colnago, BSA, Hercules

The European bicycle market is estimated at $ XX billion in 2020 and is projected to grow at a rate of xx% CAGR by 2026. The driving force behind the bicycle market is the introduction of new technologies and methods for the manufacture of bicycles. Electric bikes lead to customer satisfaction that long-distance riding is difficult, relieve muscle tension, and can switch between electric mode and normal mode as needed.

Because it is fun to take the bike to the height of the mountain and ride it there, it is becoming lighter to reduce fatigue while trekking. BMX bikes are a special kind of bike, and now there are fun sports in some countries. Young people are using these bikes as a sport activity mode. The tournament will be held on the world-famous BMX bike. The bicycle used for racing is another sport that is entertaining, and this bicycle has a light aerodynamic structure.

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A new type of bike segment has entered the market - folding bikes - with customer interest in bike assembly. Although this is a new concept, it is thought that it excites customers by increasing customer satisfaction and participating in the overall development of finished products, but positive feedback from customers has encouraged the use of third parties this technique.

BICYCLE MARKET IN EUROPE MARKET DYNAMICS

The market scenario for the bicycle industry is growing rapidly due to continuous technological development. Components such as gear system, shock absorber, better handling, material use, better design, lighter weight, tubeless tires attracted customers and investors. People realize that maintaining good health is the most important aspect of their lives, and to achieve this, they spend on supplementary items that help people achieve their goals. It encouraged customers to buy products, including continuous increases in pollution, traffic congestion, reduced road space by cars, and time savings in the metropolitan area. The bicycle industry also contributes to increasing employment rates. The present and future of this industry show good growth rates.

BICYCLE MARKET IN EUROPE MARKET SEGMENTATION

By Product Type
• Road Bicycle
• Hybrid Bicycle
• All terrain bicycles
• E – Bicycle
• Others

By Distribution Channel
• Online Retail
• Offline Retail

By Pricing Range
• Low cost product
• Medium cost product
• High end product
• Customer oriented product

By Business Models
• Business to business (B2B)
• Business to customer (B2C)

MAJOR PLAYERS
• Bianchi
• Giant
• Trek Bicycle Corp.
• Accell
• Schwinn Bicycles
• Ribble Cycles
• Colnago Ernesto & C. S.r.l. or Colnago
• Cicli Pinarello S.p.A.
• Atala
• Canyon Bicycles
• BSA
• Hercules

Read More Information: https://mobilityforesights.com/product/europe-bicycle-market/

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