Bicycle Market Size and Share 2021 Study Report by Industry Consumption, Development, Growth Rate, Development Strategy and Forecast to 2027 | Giant Bicycles, Accell Group, Trek Bicycles

Global Bicycle Market is valued at USD 49.74 Billion in 2018 and expected to reach USD 70.10 Billion by 2025 with a CAGR of 6.13% over the forecast period.

Scope of Global Bicycle Industry Report-

A bicycle is also known as a two-wheel steering machine or a bike. On a standard bicycle, the wheels are installed in a straight line in a metal frame and the front wheels are fixed in a rotating front fork. The rider sits on the saddle and steers by tilting and turning the handlebars attached to the fork. The foot turns the pedal attached to the crank and the pinion. Power is transmitted via the chain link that connects the sprocket to the rear sprocket. Bikes are by far the most efficient way to convert human energy into mobility.

The first known iteration of the wheeled rickshaw was created before the bicycle became a convenient form of transportation. According to the International Bicycle Foundation (IBF), in 1418, the Italian engineer Giovanni Fontana (or Della Fontana) built a human-powered device composed of four wheels and a loop of rope connected by gears.

Bicycles are used for transportation, entertainment and sports globally. Around the world, bicycles are essential for transporting people and goods in areas where there are few cars. The number of bikes is double that of cars and car sales are three to one at a global level. The Netherlands, Denmark and Japan are actively promoting bikes used for shopping and commuting. In the United States, cycle lanes have been built in many parts of the United States and the United States government encourages bicycles to replace cars.

Major companies listed in the market includes:
• Giant Bicycles
• Accell Group
• Trek Bicycles
• Dorel Industries Inc.
• Pon Holdings
• Hero Cycles
• Atala Spa
• GT Bike
• Firefox cycles
• Scott Sports SA
• Starkenn Sports
• Others.

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Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer Bicycle Market.

Key Benefits for Bicycle Market Reports

The analysis provides an exhaustive investigation of the global Post-Consumer Bicycle market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Bicycle market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Bicycle market. This is done with an aim of helping companies in

Insightful Highlights in Global Bicycle Market Report are:
• An in-depth reference of frontline players.
• Details on market share and overall value assessment.
• Noticeable and significant alterations in influential dynamics.
• A thorough assessment of global Bicycle market segmentation.
• Upcoming market segments, regional diversification.
• Sectioning on best industry practices and list of major players.

Segmentation Analysis:

By Product Type: Mountain, All-terrain, Road, Hybrid

By Technology: Manual, Electric, Conventional, Automatic

By Distribution Channel: Retailers, Online stores, Offline stores, Convenience sport shops

By End User: Adults, Kids

By Regional Analysis:
North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Bicycle Market Important Factors:
• Market Environment: Government Policies, Technological Changes, Market Risks.
• Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
• Industry Trends: United States and Other Regions Revenue, Status and Outlook.
• Competitive Landscape: By Manufacturers, Development Trends, Marketing Area
• Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
• Market Segment: By Types, By Applications, By Regions/ Geography.
• Sales Revenue: Market Share, Growth Rate, Current Market Analysis.

Bicycle Industry Trends
• Foldable e-bikes transform the daily commute
• Everyone’s into indoor riding
• Lightweight

Bicycle Industry Statistics
• Market Value expected to reach USD 70.10 Billion by 2025
• Growing at a CAGR of 6.13%

North America is expected to remain a dominant region in the Global Bicycle Market.

North America is the dominant region in the market with the largest share of the global Bicycle market, owing to the countries in the region being early adopters of technology due to which bicycles are installed with advanced features like tracking, positioning, app managing etc. Moreover, there is a growing adoption of fitness tools and equipment in the countries like US because of the growing instances of obesity in people as a consequence of unhealthy junk eating habits. Based on statistics, Americans spend nearly 81.2 billion USD to purchase cycles in a year, leading to a generation of 770000 jobs and raising 10 billion dollars from taxes.

Whereas Asia Pacific region is expected to grow at a fastest rate and exhibit a spurring growth in the Bicycle market. The major reasons being low manufacturing costs and rising efforts by the governments of developing economies like China, India, Japan etc. to invest into laying proper infrastructure for bicycle commuting across the countries. Numerous organizations are being held continuously in these countries to promote cycling as a tool to protect environment from air pollution and encouraging fitness programs. Seeing to this, various bicycle companies are making advancements, incorporating technology and adding various innovative attributes to bicycles which is expected to boost the bicycle market in the region. China has the largest number of bikes in the world reaching to nearly 450000000. And a whopping 86% of the total bikes sold in US are imported from China.

Table of Content
Chapter 1 Global Bicycle Market: Summary and Quantitative Analysis
1.1Report Description
1.2Global Bicycle Market Revenue Overview
1.3Global Bicycle Market Revenue (USD Billion) and Growth (%) Rate, 2021- 2027
Chapter 2 Global Bicycle Market: Overview and Qualitative Analysis
2.1Executive Summary
2.2Market Drivers
2.3Market Restraints
2.4Market Opportunities
2.5Market Trends
2.6Global Bicycle Market: SWOT Analysis
2.7Global Bicycle Market: PEST Analysis
2.8Global Bicycle Market: Attractiveness Analysis
2.8.1Global Bicycle Market: Attractiveness Analysis by Type
2.8.2Global Bicycle Market: Attractiveness Analysis by Application
2.8.3Global Bicycle Market: Attractiveness Analysis by Regional
Chapter 3 Competitive Analysis
3.1Global Bicycle Market
3.1.1Global Bicycle Market Revenue (USD Billion), By Players 2021
3.1.2Global Bicycle Market Revenue Share (%), By Players 2021
Chapter 5 Global Bicycle Market: By Types
5.1Global Bicycle Market Share (%), By Types, 2021
5.2Global Bicycle Market Revenue (USD Billion), By Types, 2021 – 2027
5.3Global Bicycle Market Revenue (USD Billion), T1,2021-2027
5.4Global Bicycle Market Revenue (USD Billion), T2,2021-2027
5.5Global Bicycle Market Revenue (USD Billion), T3,2021-2027
5.6Global Bicycle Market Revenue Share (%), By Types, 2021 – 2027
5.7Global Bicycle Market Revenue Market Share (%), By Types, 2021-2027
Chapter 6 Global Bicycle Market: By Application
Continued…

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