Europe Bicycle Market Top Key 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

The Europe bicycle market is estimated to be US $ XX billion in 2020 and is expected 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 bicycles provide difficult customer satisfaction for long-distance no-rowing, relieve muscle tension, and allow customers to switch between electric and normal modes as needed.

There are many light bicycles that heal fatigue during trekking because mountaineers sometimes feel the joy of riding a bicycle from the top of the mountain. BMX bikes are a special kind of bike that is currently a fun sport in some countries. Young people use these bicycles in a mode of sporting activity. 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 lightweight aerodynamic structure.

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EUROPE BICYCLE 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. The continuous increase in pollution, traffic congestion, the reduction of road space by automobiles, and the saving of travel time in the metropolitan area have stimulated customers' purchasing desires. The bicycle industry is also contributing to higher employment rates. The present and future of this industry has good growth rates.

EUROPE BICYCLE 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)

IMPACT OF COVID ON EUROPE BICYCLE MARKET

• COVID has affected the markets of sectors around the world. People who work in other countries, not in their home countries, have run out of money and have had a great financial impact. Some companies paid their employees in this difficult scenario. Some were in the middle. The movement of raw materials and semi-finished products was interrupted, and the production and distribution of consumers and final products was stopped.

• Corona indirectly changed the work culture, structure, and personal perception of the organization. Coronavirus has the effect of reducing the production rate of the bicycle industry. After the blockade, people started commuting to less than 50% of offices. Production trends can be seen to increase again and reach normal levels within a few quarters. Changes in the perceptions of those who have begun to use health-friendly resources can cause the industry to recover faster than expected. Urban people prefer bicycles due to the increasing number of cars on the road that are now delaying arrival times.

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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This release was published on openPR.