Brazil Sports Bicycle Market is Expected to Represent Highest Incremental Opportunity Revenue of USD 383.9 Million By 2030 | IGR

The Brazil Sports Bicycle Market, valued at USD 262.2 million in 2022, is on a dynamic growth trajectory, projected to reach USD 383.9 million by 2030. This robust expansion is driven by a Compound Annual Growth Rate (CAGR) of 5.60% in terms of value. The surge in demand can be attributed to the growing popularity of cycling among Brazilian consumers, motivated by a heightened awareness of health and environmental issues.

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The report reveals that the increased participation in cycling is closely linked to health consciousness among Brazilians. A recent National Health Survey conducted by the Brazilian census bureau exposed alarming statistics, with 20.8% of the adult population, equivalent to 26 million people, classified as obese. Furthermore, factors such as economic indicators, a more informed consumer base, and the professionalization of health consciousness have all contributed to the upswing in cycling. The development of bicycle-friendly infrastructure, coupled with a surge in cycling events across the nation, further fuel the market's growth.

Women's professional cycling has witnessed remarkable growth in recent years, with the establishment of the first Brazilian female cycling team achieving UCI ranking status in 2019. However, the high cost of sports bicycles remains a hurdle to market expansion, despite the government's promotion of cycling for short-distance travel and various other initiatives.

The growing middle class in Brazil has fueled a self-care movement focused on healthy and sustainable living. Government campaigns to raise awareness of healthy eating and physical activity have contributed to this rapid expansion. Major international sporting events hosted by Brazil, including the FIFA World Cup in 2014 and the 2016 Summer Olympics, spotlighted the country's escalating obesity and sedentary lifestyle issues. These factors, along with increasing environmental consciousness, have driven the Brazilian population to invest in bicycles as a means of exercise and eco-friendly transportation.

Consumers are increasingly seeking high-quality sports bicycles equipped with top-tier gear and brake systems to enhance their cycling experience. Additionally, the closure of gyms and swimming pools due to the COVID-19 pandemic has prompted a shift towards cycling as a preferred fitness activity.

The Brazilian government has been actively promoting cycling for short-distance travel to reduce carbon emissions from motor vehicles. Initiatives such as the Federal District's Active Mobility Policy and support from organizations like the FIA Foundation have contributed to the growth of cycling infrastructure in Brazil.

Numerous cycling events, ranging from road bicycle racing to mountain bike trials, are organized across the country. Athletes participating in these events invest in high-performance sports equipment, including sportswear, headgear, and bicycles. The increasing number of such events and the large population of cycling enthusiasts are expected to drive the market's growth.

Despite the clear benefits of specialty materials like aluminum, titanium, metal alloys, and carbon fiber in the manufacturing of sports bicycles, their limited availability and expensive production processes have raised the overall cost of these bikes, making them less accessible to many consumers. As a result, many opt for traditional bicycles, presenting a significant challenge to the growth of the sports bicycle market.

Efforts have been made in recent years to establish a regulatory framework for sustainable urban mobility in Brazil. Initiatives like the Federal District's Active Mobility Policy and investments in greenways, bike paths, and bike-sharing programs are making cycling more appealing and safer in major cities across the country. Such policies are expected to enhance growth opportunities for sports bicycles in Brazil.

Competitive Landscape:

Key companies in the Brazil sports bicycle market, such as Giant Manufacturing Co Ltd, Dorel Industries, Trek Bicycle Corporation, Cycleurope AB, and Scott Sports SA, are at the forefront of providing high-quality bicycles to meet the growing demand and preferences of consumers.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Brazil Sports Bicycle Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Brazil Sports Bicycle Market

Chapter 4. Brazil Sports Bicycle Market by Product Type

4.1. Mountain Bicycles

4.2. Cyclo-cross Bicycles

4.3. Road Racing Bicycles

4.4. Track Racing Bicycles

Chapter 5. Brazil Sports Bicycle Market by Application

5.1. Offline Retail

5.2. Online Retail

Chapter 6. Brazil Sports Bicycle Market by End-user

6.1. Adult's Sports Bicycle

6.2. Kids Sports Bicycle

Chapter 7. Company Profiles

7.1 Giant Manufacturing Co Ltd

7.1.1 Overview

7.1.2 Company Snapshot

7.1.3 Financial Snapshot

7.1.4 Product Portfolio

7.2 Dorel Industries

7.2.1 Overview

7.2.2 Company Snapshot

7.2.3 Financial Snapshot

7.2.4 Product Portfolio

7.3 Trek Bicycle Corporation

7.3.1 Overview

7.3.2 Company Snapshot

7.3.3 Product Portfolio

7.3.4 Recent Developments

7.4 Cycleurope AB

7.4.1 Overview

7.4.2 Company Snapshot

7.4.3 Product Portfolio

7.5 Scott Sports SA

7.5.1 Overview

7.5.2 Company Snapshot

7.5.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Brazil sports bicycle.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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