Bicycle Market Gain Impetus due to the Growing Demand over 2030

Author : Ajaykumar Patil | Published On : 13 Jan 2022

Huge Demand of Global Bicycle Market during 2021-2031

New Study Reports ” Bicycle Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.

Report Details:

This report provides in depth study of “Bicycle Market using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Bicycle Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

The bicycle market is estimated to be worth US$ 111 Bn by the year 2031.

The global bicycle market is expected to witness a CAGR of 6.5% between 2021 and 2031.

Bicycling is being opted by the majority of health-conscious population as well as in the form of leisure activity. Apart from keeping obesity and the digestion-related disorders at bay, bicycles prove to be cost-effective as well. The developing economies have realized these benefits and taken to bicycling on the war footing.

These days, dockless bicycle-sharing systems are witnessing an exponential demand. As they let users locate bicycle in the vicinity followed by unlocking it electronically. Though the origin could be traced to the Europe, the countries like China and India are more into adoption of these systems. Persistence Market Research has captured these details with insights through its report entitled “Bicycle Market”.

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Key Players:

The report has profiled some of the Important players prevalent in the global like – Giant Bicycle Inc., Derby Cycle, Atlas Cycles Ltd., Avon Cycles Ltd., Zhonglu Co. Ltd., Trek Bicycle Corporation, Tube Investment of India Limited, Merida Industry Co. Ltd., Accell Group, Samchuly Bicycle Co., Ltd., Dorel Industries Inc., and Tandem Group plc and more.

global bicycle market

Hybrid Bicycles to Witness Significant Growth in the Global Bicycle Market

On basis of the product type, hybrid bicycle is expected to see substantial growth during the forecast period. By end of 2024, hybrid bicycle is projected to bring in revenue exceeding US$ 24,400 Million. Meanwhile, road bicycle is also likely to grow significantly in the coming years.

Based on the technology, conventional bicycle is expected to represent the highest growth in the global bicycle market. A conventional bicycle is estimated to reach nearly US$ 50,300 Million revenue towards 2024 end.

By end user, men followed by kids are likely to emerge as the largest users of bicycle. By the end of 2024, men as the user of bicycle are projected to bring in more than US$ 27,000 Million.

Based on the price, mid-range bicycles are likely to be sold on the large scale in the global bicycle market. A mid-range bicycle is projected to surpass US$ 34,000 Million revenue by 2024 end.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders
Bicycle Market Manufacturers
Bicycle Market Distributors/Traders/Wholesalers
Bicycle Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Highlights of the Bicycle Market Report:

  • The Bicycle Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
  • The report dives deeper into the market and explains the dynamic factors bolstering market growth.
  • The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
  • The report analyzes the Bicycle Market presence across major regions of the world.
  • It determines the production & consumption capacities and demand & supply dynamics of each regional market.
  • The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
  • It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

  • What will the Market growth rate in Future?
  • What are the key factors driving the global Market?
  • Who are the key manufacturers in Market space?
  • What are the opportunities and threats faced by the vendors in the global industry?
  • What are sales, revenue, and price analysis by regions of industry?

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