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Bicycle Market Size to Grow by USD 20.70 Bn at a CAGR of 6.75%| Software segment is expected to witness lucrative growth | Technavio

NEW YORK, May 27, 2022 /PRNewswire/ -- The Bicycle Market size is expected to grow by USD 20.70 billion with a YOY growth of 6.35% during the forecast period. One of the key factors driving the bicycle market growth is the increasing number of bicycle sports events. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.

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

For more insights on YOY and CAGR, Request Latest Sample Report.

This market research report extensively covers bicycle market segmentations by the following:

  • Product - On-road and track bicycles, off-road bicycles, and x-road and hybrid bicycles
    • On-road and track bicycles will boost their market share significantly. On-road bicycles are designed to be used on paved surfaces. Thin tyres and light frames are used on these bicycles in order to maximise efficiency and speed. These bicycles' geometry and dropped handlebars cause users to lean forward when riding. This allows them to ride in a more aerodynamic position. These bicycles' lightweight frames, gears, and thin tyres allow riders to traverse great distances at high speeds. These bicycles are therefore best suited for experienced cyclists.
  • Geography - APAC, Europe, North America, South America, and MEA
    • APAC will account for 56 per cent of market growth. In APAC, China, India, and Japan are the most important bicycle markets. The market in this region will increase at a quicker rate than the market in other regions.
    • Increased health awareness, increased environmental concerns about CO2 emissions, and an increase in the use of personal transportation are the key factors driving bicycle market growth in APAC throughout the forecast period.

Get more insights into this market's growth with a detailed analysis of the top regions, View our Sample Report!

Bicycle Market Dynamics

Market Driver

The growing number of bicycle sports events is one of the primary factors driving the market growth. Amateur and professional races are held often throughout Europe, the United States, and Asia. Each country's cycling federation and the Union Cycliste Internationale, a Swiss-based governing body that administers international competitive cycling events, manage cycling-related athletic activities. The Tour de France, one of the three European Grand Tours and one of the most well-known multi-stage races in the world, is one of the most well-known cycling sporting events.

Market Trend

The growing popularity of bicycle rental services is a major factor affecting the growth of the bicycle market. Automobile purchases are increasing in emerging economies due to rapid urbanisation and rising disposable incomes. The large density of autos on the road exacerbates traffic congestion. This encourages people to ride bicycles all over the world.

Market Challenge

One of the major roadblocks to the bicycle market's growth is the rising frequency of product recalls. A product recall occurs when a company requests that customers return a product due to design defects, safety concerns, or labelling issues. Manufacturers recall their products if a fault affects a large number of customers or creates a safety risk.

Our reports covers all the major factor that drives a market along with the challenges. To get a detailed understanding of the market trend, Click here to BUY now!

Bicycle Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.75%

Market growth 2021-2025

$ 20.70 billion

Market structure

Fragmented

YoY growth (%)

6.35

Regional analysis

Asia

Performing market contribution

APAC at 56%

Key consumer countries

China, US, Germany, India, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accell Group NV, Atlas Cycles Haryana Ltd., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., GUANGDONG TANDEM INDUSTRIES Co. Ltd., Insera Sena. PT., Merida Industry Co. Ltd., Tandem Group Plc, 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 recovery analysis and future consumer dynamics, Market condition analysis for 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.

Bicycle Market Segmentation

  • Product
    • On-road And Track Bicycles
    • Off-road Bicycles
    • X-road And Hybrid Bicycles
  • End-user
    • Adults
    • Children
  • Distribution channel
    • Offline
    • Online
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

Download Sample Report: to know additional highlights and key points on various market segments and their impact in coming years. 

Bicycle Market Vendor

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Accell Group NV
  • Atlas Cycles Haryana Ltd.
  • Derby Cycle Holding GmbH
  • Dorel Industries Inc.
  • Giant Manufacturing Co. Ltd.
  • GUANGDONG TANDEM INDUSTRIES Co. Ltd.
  • Insera Sena. PT.
  • Merida Industry Co. Ltd.
  • Tandem Group Plc
  • Trek Bicycle Corp.

Find out the top market vendors, their competition and how they excel in the Bicycle Market in our latest Sample Report. Download our Detailed Sample Report. 

Product Insights and News

  • Atlas Cycles Haryana Ltd - The company offers bicycles under the brand, Mettle, Spyder, Ultimate, Contender, Bomber, Cooper, and other brands.
  • Derby Cycle Holding GmbH- The company offers bicycles under the brands, Kalkhoff, FOCUS, and Raleigh.
  • GUANGDONG TANDEM INDUSTRIES Co. Ltd- The company offers various types of bicycles and bicycle accessories such as no chain-drive shaft, and bicycle frame accessories.

Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now!

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Bicycle Suspension System Market- Mountain biking tourism catalyzes sustainable development in less populated areas notably driving the bicycle suspension system market growth. Download our Exclusive Reports Now!

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Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market characteristics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value chain analysis: Leisure products market

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 On-road and track bicycles - Market size and forecast 2020-2025
    • Exhibit 17: On-road and track bicycles - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: On-road and track bicycles - Year-over-year growth 2020-2025 (%)
  • 5.4 Off-road bicycles - Market size and forecast 2020-2025
    • Exhibit 19: Off-road bicycles - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Off-road bicycles - Year-over-year growth 2020-2025 (%)
  • 5.5 X-road and hybrid bicycles - Market size and forecast 2020-2025
    • Exhibit 21: X-road and hybrid bicycles - Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: X-road and hybrid bicycles - Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Product
    • Exhibit 23: Market opportunity by Product

6 Market Segmentation by End-user

  • 6.1 Market segments
    • Exhibit 24: End user - Market share 2020-2025 (%)
  • 6.2 Comparison by End user
    • Exhibit 25: Comparison by End user
  • 6.3 Adults - Market size and forecast 2020-2025
    • Exhibit 26: Adults - Market size and forecast 2020-2025 ($ million)
    • Exhibit 27: Adults - Year-over-year growth 2020-2025 (%)
  • 6.4 Children - Market size and forecast 2020-2025
    • Exhibit 28: Children - Market size and forecast 2020-2025 ($ million)
    • Exhibit 29: Children - Year-over-year growth 2020-2025 (%)
  • 6.5 Market opportunity by End user
    • Exhibit 30: Market opportunity by End user

7 Market Segmentation by Distribution channel

  • 7.1 Market segments
    • Exhibit 31: Distribution channel - Market share 2020-2025 (%)
  • 7.2 Comparison by Distribution channel
    • Exhibit 32: Comparison by Distribution channel
  • 7.3 Offline - Market size and forecast 2020-2025
    • Exhibit 33: Offline - Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: Offline - Year-over-year growth 2020-2025 (%)
  • 7.4 Online - Market size and forecast 2020-2025
    • Exhibit 35: Online - Market size and forecast 2020-2025 ($ million)
    • Exhibit 36: Online - Year-over-year growth 2020-2025 (%)
  • 7.5 Market opportunity by Distribution channel
    • Exhibit 37: Market opportunity by Distribution channel

8 Market Segmentation by Propulsion

  • 8.1 Market segments
  • 8.2 Comparison by Propulsion
  • 8.3 Manual bicycles - Market size and forecast 2020-2025
    • Exhibit 40: Manual bicycles - Market size and forecast 2020-2025 ($ million)
    • Exhibit 41: Manual bicycles - Year-over-year growth 2020-2025 (%)
  • 8.4 Motor-assisted bicycles - Market size and forecast 2020-2025
    • Exhibit 42: Motor-assisted bicycles - Market size and forecast 2020-2025 ($ million)
    • Exhibit 43: Motor-assisted bicycles - Year-over-year growth 2020-2025 (%)
  • 8.5 Market opportunity by Propulsion
    • Exhibit 44: Market opportunity by Propulsion

9 Customer landscape

  • 9.1 Customer landscape
    • Exhibit 45: Customer landscape

10 Geographic Landscape

  • 10.1 Geographic segmentation
    • Exhibit 46: Market share by geography 2020-2025 (%)
  • 10.2 Geographic comparison
  • 10.3 APAC - Market size and forecast 2020-2025
    • Exhibit 48: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 49: APAC - Year-over-year growth 2020-2025 (%)
  • 10.4 Europe - Market size and forecast 2020-2025
    • Exhibit 50: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 51: Europe - Year-over-year growth 2020-2025 (%)
  • 10.5 North America - Market size and forecast 2020-2025
    • Exhibit 52: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 53: North America - Year-over-year growth 2020-2025 (%)
  • 10.6 South America - Market size and forecast 2020-2025
    • Exhibit 54: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 55: South America - Year-over-year growth 2020-2025 (%)
  • 10.7 MEA - Market size and forecast 2020-2025
    • Exhibit 56: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 57: MEA - Year-over-year growth 2020-2025 (%)
  • 10.8 Key leading countries
    • Exhibit 58: Key leading countries
  • 10.9 Market opportunity by geography
    • Exhibit 59: Market opportunity by geography ($ million)

11 Drivers, Challenges, and Trends

  • 11.1 Market drivers
  • 11.2 Market challenges
    • Exhibit 60: Impact of drivers and challenges
  • 11.3 Market trends

12 Vendor Landscape

  • 12.1 Competitive scenario
  • 12.2 Vendor landscape
    • Exhibit 61: Vendor landscape
  • 12.3 Landscape disruption
    • Exhibit 62: Landscape disruption
  • 12.4 Industry risks
    • Exhibit 63: Industry risks

13 Vendor Analysis

  • 13.1 Vendors covered
    • Exhibit 64: Vendors covered
  • 13.2 Market positioning of vendors
    • Exhibit 65: Market positioning of vendors
  • 13.3 Accell Group NV
    • Exhibit 66: Accell Group NV - Overview
    • Exhibit 67: Accell Group NV - Business segments
    • Exhibit 68: Accell Group NV - Key news
    • Exhibit 69: Accell Group NV - Key offerings
    • Exhibit 70: Accell Group NV - Segment focus
  • 13.4 Atlas Cycles Haryana Ltd.
    • Exhibit 71: Atlas Cycles Haryana Ltd. - Overview
    • Exhibit 72: Atlas Cycles Haryana Ltd. - Business segments
    • Exhibit 73: Atlas Cycles Haryana Ltd. - Key offerings
  • 13.5 Derby Cycle Holding GmbH
    • Exhibit 74: Derby Cycle Holding GmbH - Overview
    • Exhibit 75: Derby Cycle Holding GmbH - Product and service
    • Exhibit 76: Derby Cycle Holding GmbH - Key offerings
  • 13.6 Dorel Industries Inc.
    • Exhibit 77: Dorel Industries Inc. - Overview
    • Exhibit 78: Dorel Industries Inc. - Business segments
    • Exhibit 79: Dorel Industries Inc. - Key offerings
    • Exhibit 80: Dorel Industries Inc. - Segment focus
  • 13.7 Giant Manufacturing Co. Ltd.
    • Exhibit 81: Giant Manufacturing Co. Ltd. - Overview
    • Exhibit 82: Giant Manufacturing Co. Ltd. - Product and service
    • Exhibit 83: Giant Manufacturing Co. Ltd. - Key offerings
  • 13.8 GUANGDONG TANDEM INDUSTRIES Co. Ltd.
    • Exhibit 84: GUANGDONG TANDEM INDUSTRIES Co. Ltd. - Overview
    • Exhibit 85: GUANGDONG TANDEM INDUSTRIES Co. Ltd. - Product and service
    • Exhibit 86: GUANGDONG TANDEM INDUSTRIES Co. Ltd. - Key offerings
  • 13.9 Insera Sena. PT.
    • Exhibit 87: Insera Sena. PT. - Overview
    • Exhibit 88: Insera Sena. PT. - Product and service
    • Exhibit 89: Insera Sena. PT. - Key offerings
  • 13.10 Merida Industry Co. Ltd.
    • Exhibit 90: Merida Industry Co. Ltd. - Overview
    • Exhibit 91: Merida Industry Co. Ltd. - Business segments
    • Exhibit 92: Merida Industry Co. Ltd. - Key offerings
    • Exhibit 93: Merida Industry Co. Ltd. - Segment focus
  • 13.11 Tandem Group Plc
    • Exhibit 94: Tandem Group Plc - Overview
    • Exhibit 95: Tandem Group Plc - Product and service
    • Exhibit 96: Tandem Group Plc - Key offerings
  • 13.12 Trek Bicycle Corp.
    • Exhibit 97: Trek Bicycle Corp. - Overview
    • Exhibit 98: Trek Bicycle Corp. - Product and service
    • Exhibit 99: Trek Bicycle Corp. - Key offerings

14 Appendix

  • 14.1 Scope of the report
  • 14.2 Currency conversion rates for US$
    • Exhibit 100: Currency conversion rates for US$
  • 14.3 Research methodology
    • Exhibit 101: Research Methodology
    • Exhibit 102: Validation techniques employed for market sizing
    • Exhibit 103: Information sources
  • 14.4 List of abbreviations
    • Exhibit 104: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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