High-End Bicycle Market size to increase by USD 3.88 Bn | High growth expected in hybrid bikes segment | Technavio

NEW YORK, March 10, 2022 /PRNewswire/ -- The global high-end bicycle market size is expected to increase by USD 3.88 billion between 2020 and 2025. The market recorded a year-over-over growth of 4.92% in 2021 and is expected to grow at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio has announced its latest market research report titled High-End Bicycle Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Vendors are adopting several organic and inorganic growth strategies to compete in the market. Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp. are identified as the dominant players in the market.

The growing disposable incomes of consumers will benefit market players immensely during the forecast period. Improvements in the economic conditions in developing countries and the stable economic growth in developed countries have increased the disposable incomes of consumers globally. This coupled with rising awareness about health and fitness is encouraging consumers to invest in fitness equipment including high-end bicycles. Also, the rise in vehicle traffic is prompting people to consider bicycles for short-distance travel. This is encouraging vendors in the market to launch new models of high-end bicycles to cater to the growing demand. These factors will have a positive impact on the growth of the market during the forecast period.

The full report offers detailed insights on the successful business strategies adopted by leading vendors and the various factors impacting the growth of the global high-end bicycle market.

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High-End Bicycle Market 2021-2025: Segmentation

High-End Bicycle Market is segmented as below:

The report provides an accurate prediction of the contribution of all the segments to the growth of the high-end bicycle market size.

  • Product
    • Hybrid Bikes
    • Mountain Bikes
    • Road Bikes
    • Track Bikes
    • Others
  • Distribution Channel
    • Offline
    • Online
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

In terms of product, the demand for hybrid bikes will be significant during the forecast period. Hybrid bikes offer stability, comfort, and are easy to use. Also, they have a more upright riding position, making the ride more comfortable and safer. Hence, they becoming increasingly popular among cyclists, casual riders, commuters, as well as children. The market growth in the segment will be significant during the forecast period. Similarly, the offline distribution channel segment accounted for maximum sales of high-end bicycles in 2021.

By geography, APAC will provide significant growth opportunities for high-end bicycle manufacturers during the forecast period. The region currently holds 33% of the global market share and is expected to dominate the market through 2025. China and Japan are expected to emerge as key markets for high-end bicycles in the region. Also, the market will witness faster growth in APAC than in other regions. The high-end bicycle market report covers the following areas:

  • High-End Bicycle Market Size
  • High-End Bicycle Market Trends
  • High-End Bicycle Market Industry Analysis

High-End Bicycle Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist high-end bicycle market growth during the next five years
  • Estimation of the high-end bicycle market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the high-end bicycle market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the high-end bicycle market vendors

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Related Reports:

Global Hybrid Bicycles Market 2021-2025: The global hybrid bicycles market is segmented by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA).
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Global Mountain Biking Equipment Market: The global mountain biking equipment market is segmented by product (protective gears and mountain biking tools) and geography (North America, Europe, APAC, South America, and MEA).
Download Exclusive Free Sample Report

High-End Bicycle Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.00%

Market growth 2021-2025

USD 3.88 billion

Market structure

Fragmented

YoY growth (%)

4.92

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Germany, UK, France, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1. Executive Summary                         

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 01:  Parent market

                              Exhibit 02:  Market characteristics

               2.2 Value chain analysis           

                              Exhibit 03: Value chain analysis: Leisure products

                              2.2.1 Inputs

                              2.2.2 Inbound logistics

                              2.2.3 Operations

                              2.2.4 Outbound logistics

                              2.2.5 Marketing and sales

                              2.2.6 Service

                              2.2.7 Support activities

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 04:  Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 05:  Market segments

               3.3 Market size 2020 

               3.4 Market outlook: Forecast for 2020 - 2025 

                              Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)

                              Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 08: Five forces analysis 2020 & 2025

               4.2 Bargaining power of buyers            

                              Exhibit 09: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 10: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 11: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 12: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 13: Threat of rivalry

               4.7 Market condition 

                              Exhibit 14: Market condition - Five forces 2020

5. Market Segmentation by Product              

               5.1 Market segments

                              Exhibit 15: Product - Market share 2020-2025 (%)

               5.2 Comparison by Product    

                              Exhibit 16: Comparison by Product

               5.3 Hybrid bikes - Market size and forecast 2020-2025               

                              Exhibit 17:  Hybrid bikes   - Market size and forecast 2020-2025 ($ million)

                              Exhibit 18:  Hybrid bikes  - Year-over-year growth 2020-2025 (%)

               5.4 Mountain bikes - Market size and forecast 2020-2025         

                              Exhibit 19: Mountain bikes - Market size and forecast 2020-2025 ($ million)

                              Exhibit 20: Mountain bikes - Year-over-year growth 2020-2025 (%)

               5.5 Road bikes - Market size and forecast 2020-2025   

                              Exhibit 21: Road bikes - Market size and forecast 2020-2025 ($ million)

                              Exhibit 22: Road bikes - Year-over-year growth 2020-2025 (%)

               5.6 Track bikes - Market size and forecast 2020-2025  

                              Exhibit 23: Track bikes - Market size and forecast 2020-2025 ($ million)

                              Exhibit 24: Track bikes - Year-over-year growth 2020-2025 (%)

               5.7 Others - Market size and forecast 2020-2025          

                              Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)

                              Exhibit 26: Others - Year-over-year growth 2020-2025 (%)

               5.8 Market opportunity by Product     

                              Exhibit 27: Market opportunity by Product

6. Market Segmentation by Distribution channel                    

               6.1 Market segments

                              Exhibit 28: Distribution channel - Market share 2020-2025 (%)

               6.2 Comparison by Distribution channel           

                              Exhibit 29: Comparison by Distribution channel

               6.3 Offline - Market size and forecast 2020-2025          

                              Exhibit 30: Offline - Market size and forecast 2020-2025 ($ million)

                              Exhibit 31: Offline - Year-over-year growth 2020-2025 (%)

               6.4 Online - Market size and forecast 2020-2025          

                              Exhibit 32: Online - Market size and forecast 2020-2025 ($ million)

                              Exhibit 33: Online - Year-over-year growth 2020-2025 (%)

               6.5 Market opportunity by Distribution channel            

                              Exhibit 34: Market opportunity by Distribution channel

7. Customer landscape                        

                              Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              Exhibit 35: Customer landscape

8. Geographic Landscape                    

               8.1 Geographic segmentation

                              Exhibit 36: Market share by geography 2020-2025 (%)

               8.2 Geographic comparison    

                              Exhibit 37: Geographic comparison

               8.3 North America - Market size and forecast 2020-2025          

                              Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 39: North America - Year-over-year growth 2020-2025 (%)

               8.4 Europe - Market size and forecast 2020-2025         

                              Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)

                              Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)

               8.5 APAC - Market size and forecast 2020-2025             

                              Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)

                              Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)

               8.6 South America - Market size and forecast 2020-2025          

                              Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 45: South America - Year-over-year growth 2020-2025 (%)

               8.7 MEA - Market size and forecast 2020-2025              

                              Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)

                              Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)

               8.8 Key leading countries        

                              Exhibit 48: Key leading countries

               8.9 Market opportunity by geography

                              Exhibit 49: Market opportunity by geography

9. Drivers, Challenges, and Trends                  

               9.1 Market drivers      

                              9.1.1 Growing disposable income

                              Exhibit 50: Increase in disposable income (2020)

                              9.1.2 Growing popularity of e-commerce

                              Exhibit 51: Adoption of Internet

                              9.1.3 Growing adoption of e-bikes

               9.2 Market challenges              

                              9.2.1 High maintenance of e-bikes

                              9.2.2 Strong dominance of vehicles

                              9.2.3 Increasing preference for bicycle rentals

                              Exhibit 52: Impact of drivers and challenges

               9.3 Market trends      

                              9.3.1 Smart features in high-end bikes

                              9.3.2 Increasing concerns regarding health and fitness

                              9.3.3 Reducing costs of lithium-ion batteries

10. Vendor Landscape                         

               10.1 Vendor landscape            

                              Exhibit 53: Vendor landscape

               10.2 Landscape disruption      

                              The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                              Exhibit 54: Landscape disruption

                              Exhibit 55: Industry risks

11. Vendor Analysis               

               11.1 Vendors covered              

                              Exhibit 56: Vendors covered

               11.2 Market positioning of vendors    

                              Exhibit 57: Market positioning of vendors

               11.3 Accell Group NV

                              Exhibit 58: Accell Group NV - Overview

                              Exhibit 59: Accell Group NV - Business segments

                              Exhibit 60: Accell Group NV - Key news

                              Exhibit 61: Accell Group NV - Key offerings

                              Exhibit 62: Accell Group NV - Segment focus

               11.4 BH BIKES EUROPE SL       

                              Exhibit 63: BH BIKES EUROPE SL - Overview

                              Exhibit 64: BH BIKES EUROPE SL - Product and service

                              Exhibit 65: BH BIKES EUROPE SL - Key offerings

               11.5 Derby Cycle Holding GmbH           

                              Exhibit 66: Derby Cycle Holding GmbH - Overview

                              Exhibit 67: Derby Cycle Holding GmbH - Product and service

                              Exhibit 68: Derby Cycle Holding GmbH - Key offerings

               11.6 Dorel Industries Inc.        

                              Exhibit 69: Dorel Industries Inc. - Overview

                              Exhibit 70: Dorel Industries Inc. - Business segments

                              Exhibit 71: Dorel Industries Inc. - Key news

                              Exhibit 72: Dorel Industries Inc. - Key offerings

                              Exhibit 73: Dorel Industries Inc. - Segment focus

               11.7 Giant Manufacturing Co. Ltd.      

                              Exhibit 74: Giant Manufacturing Co. Ltd. - Overview

                              Exhibit 75: Giant Manufacturing Co. Ltd. - Product and service

                              Exhibit 76: Giant Manufacturing Co. Ltd. - Key offerings

               11.8 Grimaldi Industri AB        

                              Exhibit 77: Grimaldi Industri AB - Overview

                              Exhibit 78: Grimaldi Industri AB - Product and service

                              Exhibit 79: Grimaldi Industri AB - Key offerings

               11.9 Klever Mobility Europe GmbH     

                              Exhibit 80: Klever Mobility Europe GmbH - Overview

                              Exhibit 81: Klever Mobility Europe GmbH - Product and service

                              Exhibit 82: Klever Mobility Europe GmbH - Key offerings

               11.10 Merida Industry Co. Ltd.             

                              Exhibit 83: Merida Industry Co. Ltd. - Overview

                              Exhibit 84: Merida Industry Co. Ltd. - Business segments

                              Exhibit 85: Merida Industry Co. Ltd. - Key news

                              Exhibit 86: Merida Industry Co. Ltd. - Key offerings

                              Exhibit 87: Merida Industry Co. Ltd. - Segment focus

               11.11 Specialized Bicycle Components Inc.      

                              Exhibit 88: Specialized Bicycle Components Inc. - Overview

                              Exhibit 89: Specialized Bicycle Components Inc. - Product and service

                              Exhibit 90: Specialized Bicycle Components Inc. - Key news

                              Exhibit 91: Specialized Bicycle Components Inc. - Key offerings

               11.12 Trek Bicycle Corp.          

                              Exhibit 92: Trek Bicycle Corp. - Overview

                              Exhibit 93: Trek Bicycle Corp. - Product and service

                              Exhibit 94: Trek Bicycle Corp. - Key offerings

12. Appendix                           

               12.1 Scope of the report         

                              12.1.1 Market definition

                              12.1.2 Objectives

                              12.1.3 Notes and caveats

               12.2 Currency conversion rates for US$            

                              Exhibit 95: Currency conversion rates for US$

               12.3 Research Methodology   

                              Exhibit 96: Research Methodology

                              Exhibit 97: Validation techniques employed for market sizing

                              Exhibit 98: Information sources

               12.4 List of abbreviations        

                              Exhibit 99: List of abbreviations

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