Bicycle Market worth $123.48 billion by 2030, growing at a CAGR of 8.30% - Exclusive Report by 360iResearch

The "Bicycle Market by Product (Cargo Bikes, Hybrid Bikes, Mountain Bikes), Technology (Conventional, Electric), Design, Distribution Channel, End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Bicycle Market to grow from USD 70.64 billion in 2023 to USD 123.48 billion by 2030, at a CAGR of 8.30%.

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The bicycle encompasses vehicles with two wheels that cover a range of products, including traditional bicycles, electric bicycles, bike components, and related accessories, as well as services such as bicycle rentals, repairs, and maintenance. Increasing environmental awareness worldwide is driving demand for eco-friendly transportation, including transportation. A rising focus on health and fitness is fueling the popularity of recreational cycling, driving the growth of the market. Urbanization and congestion issues have further positioned bicycles as a convenient mode of transportation. Infrastructure limitations and safety concerns associated with bicycles hamper the market growth. The continuous emergence of e-bikes and advancements in design that allow market players to meet evolving consumer preferences are expected to drive the growth of the bicycle market. Additionally, the integration of smart technologies in bicycles presents opportunities for continued market expansion of the bicycle market.

America showcases the developed landscape for the bicycle market, the significant growth supported by the developed nations, including the U.S. and Canada, followed by Mexico, Brazil, and Argentina. The attributes such as rising interest and expenditure in outdoor adventure activities, cycling events held across the region, focus towards health & fitness, and government support with the aim of sustainability play a vital role in fueling the American bicycle market growth. The bicycle market in the Asia-Pacific region is rapidly growing with the number of cycling tournaments and increasing demand for bicycles by sports enthusiasts. The number of individuals opting for sports bikes has surged in recent years due to the elevating awareness regarding the health benefits of cycling and its ease of operation in strenuous terrains in Asia-Pacific. The bicycles' environmentally friendly nature, lower operational cost, and health benefits have bolstered their adoption in the EMEA. The governments promote bicycles in the region as they are eco-friendly and can help reduce carbon emissions. Cycling policies in the EU, the Sustainable Transport Programme in Egypt, investment strategies for developing cycling infrastructure, and incentives and purchase premiums provided for buyers boost sports bicycle adoption.

Market Segmentation & Coverage:

This research report categorizes the Bicycle Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Cargo Bikes, Hybrid Bikes, Mountain Bikes, and Road Bikes. The Cargo Bikes is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Conventional and Electric. The Electric is projected to witness significant market share during forecast period.

Based on Design, market is studied across Folding and Regular. The Regular is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.

Based on End-user, market is studied across Kids, Men, and Women. The Women is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.49% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Bicycle Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Bicycle Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Bicycle Market, highlighting leading vendors and their innovative profiles. These include Accell Group B.V., Alta Cycling Group, Avon Cycles Ltd., Cervelo Cycles Inc., Cowboy SA, F.I.V. E. Bianchi S.p.A., Factor Bikes, Firefox Bikes Pvt Ltd., Firmstrong Bike Co., Fuji-ta Bicycle Co.,Ltd., Giant Manufacturing Co., Ltd., Hero Cycles Limited, Huffy Corporation, Kona Bikes, Marin Mountain Bikes Inc., Merida & Centurion Germany GmbH, Pedego Inc., Pon Holdings B.V., Pure Fix Cycles, Quality Bicycle Products, SCOTT Sports SA, Seven Cycles, Inc., Specialized Bicycle Components, Inc., Trek Bicycle Corporation, Tube Investments of India Ltd., Yadea Group Holdings Ltd., and Yamaha Motor Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bicycle Market, by Product
7. Bicycle Market, by Technology
8. Bicycle Market, by Design
9. Bicycle Market, by Distribution Channel
10. Bicycle Market, by End-user
11. Americas Bicycle Market
12. Asia-Pacific Bicycle Market
13. Europe, Middle East & Africa Bicycle Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Bicycle Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bicycle Market?
3. What is the competitive strategic window for opportunities in the Bicycle Market?
4. What are the technology trends and regulatory frameworks in the Bicycle Market?
5. What is the market share of the leading vendors in the Bicycle Market?
6. What modes and strategic moves are considered suitable for entering the Bicycle Market?

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