Global Bicycle Market Report 2022-2029: Market Values, Report Scope, Research Methodology, Drivers, Restraints, and Regional Insights

13.09.2023: Bicycle Market Report Scope and Research Methodology

Our report relies on a robust research methodology that includes data collection from authoritative sources and primary research. This approach guarantees the trustworthiness of our market intelligence.

Our latest report offers an in-depth exploration of the Global Bicycle Market, providing valuable insights into market drivers, constraints, research methodology, and regional trends. Our research methodology adheres to rigorous standards, ensuring the reliability and accuracy of our findings.

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What are Bicycle Market Dynamics?

Bicycles are witnessing increased use in trekking, leisure activities, and cycling competitions, driving demand for both standard and sports bicycles. Celebrity endorsements and enhanced media coverage of such events are also expected to contribute to market growth. Governing organizations in European countries promote various cycling events, encouraging consumer participation. For example, Sport Ireland's funding in Cycling Ireland increased from EUR 292.5 thousand in 2017 to EUR 440 thousand in 2021. International sporting events like cycling championships motivate consumers to engage in cycling activities, bolstering market growth.

Government initiatives to boost participation rates are crucial for market growth. Advanced manufacturing methods and new technologies used in bicycle production are increasingly being applied to sports and mountain bikes. The global tourism sector has expanded significantly, with cycle tourism projects emerging worldwide. For instance, Germany and France each generate over 11 billion Euros in annual revenue from bicycle tourism. The development of cycling infrastructure and operations on cycling tracks and lanes is expected to further boost revenue.

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What is Bicycle Market Segmentation?

Type Segment: In 2022, the electric bike segment dominated the market, accounting for xx% of the total market. The demand for electric bikes is rising in key countries like Japan, China, the United States, and the Netherlands due to their convenience in carrying weight and enabling on-time arrivals. Postal services are adopting electric bikes for transportation, further boosting the market.

by Product
Mountain Bikes
Hybrid/Cross
Road
Cruisers
Electric

by Price
Premium
Mid-range
Low-range

by End User
Men
Women
Kids

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Who are Bicycle Market Key Players?

1. Giant Bicycles Inc.
2. Atlas Cycles Ltd
3. Derby Cycle Holding GmbH
4. Trek Bicycle Corporation
5. Avon Cycles Ltd.
6. Zhonglu Co., Ltd
7. Accell Group N.V.
8. Tube Investments of India Limited
9. Dorel Industries Inc.
10. Merida Industry Co., Ltd
11. Tandem Group plc
12. Samchuly Bicycle Co., Ltd
13. F.I.V.E. Bianchi S.p.A
14. Specialized Bicycle Components
15. Hamilton Industries Pvt. Ltd

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Table of content for the Bicycle Market includes:

Part 01: Executive Summary

Part 02: Scope of the Bicycle Market Report

Part 03: Global Bicycle Market Landscape

Part 04: Global Bicycle Market Sizing

Part 05: Global Bicycle Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

Europe: Europe secured the largest market share in 2021 and is expected to maintain its dominance with a CAGR of xx% during the forecast period. The UK, Germany, Spain, Italy, and France are the primary contributors to market growth. The region's growth is attributed to the implementation of stringent laws and regulations by the European Union's General Data Protection Regulation (GDPR) to protect consumer data across Europe. The GDPR, which came into force on May 25, 2021, aims to provide consumers with better transparency and control over their private data and enables businesses to legally process personal data. Additionally, in November 2021, IAB Europe launched its Bicycle Platform (CMP) validator testing tool to assist companies in complying with European data protection and privacy laws, further fueling market growth in the years to come.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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