Bicycle Industry – 2019 Global Market Size, Growth, Trends, Share, Statistics, Value, Top Players Analysis With Regional Forecast To 2023

Bicycle Market 2019 Global Industry Analysis To 2019 is latest report on Global Bicycle Market, published by Market Research Future. According to report Global Bicycle Market to Witness a 5.94% CAGR During the Forecast Timeline 2019-2023.

Pune, India - March 5, 2019 /MarketersMedia/ —

Rising Demand for E-bicycles to Propel Comprehensive Growth in Bicycle Market. This Study includes Bicycle Industry Global Market historical and forecast data analysis by segments, leading companies, share, size, and region.

Global Bicycle Market Overview:

Rising awareness towards climate change and supporting government policies are factors urging the increase in demand for bicycles worldwide. Developed countries have started building separate lanes for bicycle riders, providing better infrastructure and facilities, hence, driving higher bicycle sales. In addition, intensifying traffic congestion and hiking fuel prices are factors contributing to a rise in preference for a bicycle over other conventional vehicles. Green Initiatives to Cause Lucrative Growth in Bicycle Market.

Get Sample Copy Of Bicycle Market Research Report Global Forecast to 2023 at: https://www.marketresearchfuture.com/sample_request/6928

Key Players Analyzed In Report:

Giant Bicycles, Cannondale, Derby Cycle, Accell Group, Tube Investments of India Limited, Merida, F.I.V.E. Bianchi SpA, Easy Motion USA, Moustache Bikes, Trek Bicycle Corporation, Specialized Bicycle Components, Avon Cycles, Hero Cycles Limited, Tianjin Fuji-ta Group Co. Ltd., and NYCeWheels Inc.

Furthermore, stringent government policies to regulate vehicular emissions and CO2 emissions are causing notable growth in the global bicycle market. According to the latest report published by Market Research Future, the global bicycle market is estimated to garner a 5.02% CAGR during the assessment period.

Segmental Analysis:

For specific and detailed analysis, the MRFR has segmented the market on the basis of type, application, and region. On the basis of type, the bicycle market has been bifurcated into e-bikes and conventional bikes. E-bikes are bicycles that use an electric charge for propulsion in momentum and speed. The segment of e-bikes is expected to hold sizeable share in the global bicycle market, owing to the factors of increased focus on technological advancements in e-bikes and improved riding experience. The segment of e-bikes is expected to garner a significant CAGR of 5.94% during the forecast period.

Based on application, the global bicycle market has been segmented into racing, recreation, and transportation tools. The segment of recreation has been in a position of dominance and is expected to do the same through the assessment period. The recreation segment is expected to witness revenue growth from USD 7,376.2 Mn in 2017 to USD 36,832.4 Mn in 2023. Whereas, the transportation tools segment is projected to acquire an approximate revenue of USD 16,133.8 Mn by 2023, hitting a higher CAGR of 5.38% during the forecast period.

Detailed Regional Analysis:

The global bicycle market has been regionally segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Asia Pacific is projected to hold a share of 48.7% of the global bicycle market, accounting for the largest share. Asia Pacific is expected to showcase the fastest growth during the forecast period, marking a CAGR of 5.74%. Such growth can be attributed to factors such as rising per capita income, accelerated population growth, as well as, improving standards of living.

Rising health consciousness and ongoing trends in adventure sports are likely to influence sizable growth in Europe, enabling it to secure the second spot in the global bicycle market share. Germany is likely to lead the regional market with its revenue valuation estimated to reach USD 14,675.6 Mn by the end of 2023. An upward trend can be witnessed in the graph for growth in the regional market due to the growing popularity of e-bike tourism.

North America is estimated to witness substantial growth due to the presence of multiple key players in the region. North America is estimated to show a 4.15% CAGR during the forecast period. Whereas, Rest of the World is expected to exhibit a CAGR of 4.63% by 2023.

Competitive Analysis:

Even though there are various factors propelling notable growth in the global bicycle market, there are many longstanding challenges that pose as a hinderance for such growth. The bicycle market is projected to face an impediment in growth due to lack of awareness regarding climate change and poor infrastructure in developing countries. Furthermore, easier availability of financial aids for purchasing of other vehicles are projected to slow down the bicycle market growth.

Industry Updates:

2nd November 2018: General Motors has introduced two new models of mountain bicycle which were launched for sale in the start of 2019. The bicycles, one compact and the other foldable, are designed specifically for easier urban commute.

TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued

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