The Bicycle market is expected to grow from USD 55.23 billion in 2020 to USD 89.37 billion by 2028, at a CAGR of 6.2% during the forecast period 2021-2028.
Bicycle can be defined as the vehicle with two wheels used for transportation and helps in reducing pollution and thus it acts as eco-friendly. Recently a new system called Dock less bicycle sharing system started gaining popularity mainly in Asian nations such as India & china. Dockless bicycle sharing system means that the bicycles do not have a fixed home location and are dropped off and picked up from certain locations in the service area. Thus this system acts as a boon to the users which saves time by avoiding traffic jams and also very much useful to the users to find a bicycle nearby and unlock it electronically. Much advancement such as Mobile Applications and GPS (Global Positioning System) enabled the usage of Dock less bicycles sharing systems. The usage of bicycle keeps the users to be fit and healthy and hence many people who are conscious regarding their health and fitness prefer bicycles. The usage of bicycles also helps to prevent air pollution.
The factors driving the market areusers preference for bicycles as a convenient form of exercise that secures a healthy life which is free from obesity and many other disorders, shortage of parking area, growing traffic congestion, increase in various bicycle events, eco- friendly mode of transportation, rapid industrialization, out- break of Covid and advanced features of bicycles. The factors restraining the market growth arehigher cost of e-vehicles and lack of proper infrastructure facilities. Innovative bicycles and accessories are expected to provide market growth opportunities.
This study delivers a comprehensive analysis of product, technology, end-user and region. The product segment includes mountain, hybrid and road bicycles. The road bicycle segment held the largest market share, owing to affordable prices as they do not require any sophisticated accessories. The technology segment includes conventional segment and electrical segment. The conventional segment held the largest market share, owing to less maintenance and repair cost when compared to electric bicycles. It’s the convenient mode of transport.The end-user segment includes men, women and kids. The men segment held the largest market share, owing tothe increased usage of bicycles by men for physical and adventurous activities. The number of men riding the bicycles continues to be higher than women and kids.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia- Pacific holds the largest market share and is expected to witness the fastest growth, owing to favourable government schemes, rising population and improved standard of living. After Asia- Pacific, Europe holds the largest market share, owing to the rising health consciousness among the public, growing environmental concerns and growing popularity of electronic bicycle tourism.
Some of the notable players in the market areHero Cycles Limited, Giant Manufacturing Co. Ltd., NYCe Wheels Inc., Avon Cycles Ltd, Easy Motion USA, Accell Group, Tube Investments of India Limited, Trek Bicycle Corporation, Merida Industry Co. Ltd, Derby Cycle, Moustache Bikes, Cannondale, Tianjin Fuji- ta Group Co. Ltd, Specialized Bicycle Components, I.V.E. Bianchi SpA, Dorel Industries Inc., Pon Holdings BV, Santa Cruz Bicycles LLC, Atlas Cycles Ltd, Cervelo, SCOTT Sports SA.
Bicycle Market Analysis and Forecast, Product
Bicycle Market Analysis and Forecast, Technology
Bicycle Market Analysis and Forecast, End-user
Bicycle Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Technology
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing traffic congestion
5.2.2. Eco- friendly mode of transportation
5.2.3. Rapid Industrialization
5.3. Restrains
5.3.1. Higher cost of e-vehicles
5.3.2. Lack of required infrastructure and charging facilities
5.4. Opportunities
5.4.1. Innovative bicycles and accessories
6. Global Bicycle Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Mountain Bicycle
6.3. Hybrid Bicycle
6.4. Road Bicycle
7. Global Bicycle Market Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Conventional
7.3. Electrical
8. Global Bicycle Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Men
8.3. Women
8.4. Kids
9. Global Bicycle Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Company Profiles
10.1. Hero Cycles Limited
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Giant Manufacturing Co. Ltd.
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. NYCe Wheels Inc.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Avon Cycles Ltd
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Easy Motion USA
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Accell Group
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Tube Investments of India Limited
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Trek Bicycle Corporation
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Merida Industry Co. Ltd
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Derby Cycle
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Moustache Bikes
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Cannondale
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Tianjin Fuji- ta Group Co. Ltd
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Specialized Bicycle Components
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. I.V.E. Bianchi SpA
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Dorel Industries Inc.
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Pon Holdings BV
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Santa Cruz Bicycles LLC
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. Atlas Cycles Ltd
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. Cervelo
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
10.21. SCOTT Sports SA
10.21.1. Business Overview
10.21.2. Company Snapshot
10.21.3. Company Market Share Analysis
10.21.4. Company Product Portfolio
10.21.5. Recent Developments
10.21.6. SWOT Analysis
List of Table
1. Global Bicycle Market, By Product, 2018-2028 (USD Billion)
2. Global Mountain Bicycle, Pet Care Treatment Market, By Region, 2018-2028 (USD Billion)
3. Global Hybrid Bicycle, Pet Care Treatment Market, By Region, 2018-2028 (USD Billion)
4. Global Road Bicycle, Pet Care Treatment Market, By Region, 2018-2028 (USD Billion)
5. Global Bicycle Market, By Technology, 2018-2028 (USD Billion)
6. Global Conventional technology, Bicycle Market, By Region, 2018-2028 (USD Billion)
7. Global Electrical technology, Bicycle Market, By Region, 2018-2028 (USD Billion)
8. Global Bicycle Market, By End-User, 2018-2028 (USD Billion)
9. Global Men, Bicycle Market, By Region, 2018-2028 (USD Billion)
10. Global Women, Bicycle Market, By Region, 2018-2028 (USD Billion)
11. Global Kids, Bicycle Market, By Region, 2018-2028 (USD Billion)
12. North America Bicycle Market, By Product, 2018-2028 (USD Billion)
13. North America Bicycle Market, By Technology, 2018-2028 (USD Billion)
14. North America Bicycle Market, By End-user, 2018-2028 (USD Billion)
15. U.S. Bicycle Market, By Product, 2018-2028 (USD Billion)
16. U.S. Bicycle Market, By Technology, 2018-2028 (USD Billion)
17. U.S. Bicycle Market, By End-user, 2018-2028 (USD Billion)
18. Canada Bicycle Market, By Product, 2018-2028 (USD Billion)
19. Canada Bicycle Market, By Technology, 2018-2028 (USD Billion)
20. Canada Bicycle Market, By End-user, 2018-2028 (USD Billion)
21. Mexico Bicycle Market, By Product, 2018-2028 (USD Billion)
22. Mexico Bicycle Market, By Technology, 2018-2028 (USD Billion)
23. Mexico Bicycle Market, By End-user, 2018-2028 (USD Billion)
24. Europe Bicycle Market, By Product, 2018-2028 (USD Billion)
25. Europe Bicycle Market, By Technology, 2018-2028 (USD Billion)
26. Europe Bicycle Market, By End-user, 2018-2028 (USD Billion)
27. Germany Bicycle Market, By Product, 2018-2028 (USD Billion)
28. Germany Bicycle Market, By Technology, 2018-2028 (USD Billion)
29. Germany Bicycle Market, By End-user, 2018-2028 (USD Billion)
30. France Bicycle Market, By Product, 2018-2028 (USD Billion)
31. France Bicycle Market, By Technology, 2018-2028 (USD Billion)
32. France Bicycle Market, By End-user, 2018-2028 (USD Billion)
33. U.K. Bicycle Market, By Product, 2018-2028 (USD Billion)
34. U.K. Bicycle Market, By Technology, 2018-2028 (USD Billion)
35. U.K. Bicycle Market, By End-user, 2018-2028 (USD Billion)
36. Italy Bicycle Market, By Product, 2018-2028 (USD Billion)
37. Italy Bicycle Market, By Technology, 2018-2028 (USD Billion)
38. Italy Bicycle Market, By End-user, 2018-2028 (USD Billion)
39. Spain Bicycle Market, By Product, 2018-2028 (USD Billion)
40. Spain Bicycle Market, By Technology, 2018-2028 (USD Billion)
41. Spain Bicycle Market, By End-user, 2018-2028 (USD Billion)
42. Asia Pacific Bicycle Market, By Product, 2018-2028 (USD Billion)
43. Asia Pacific Bicycle Market, By Technology, 2018-2028 (USD Billion)
44. Asia Pacific Bicycle Market, By End-user, 2018-2028 (USD Billion)
45. Japan Bicycle Market, By Product, 2018-2028 (USD Billion)
46. Japan Bicycle Market, By Technology, 2018-2028 (USD Billion)
47. Japan Bicycle Market, By End-user, 2018-2028 (USD Billion)
48. China Bicycle Market, By Product, 2018-2028 (USD Billion)
49. China Bicycle Market, By Technology, 2018-2028 (USD Billion)
50. China Bicycle Market, By End-user, 2018-2028 (USD Billion)
51. India Bicycle Market, By Product, 2018-2028 (USD Billion)
52. India Bicycle Market, By Technology, 2018-2028 (USD Billion)
53. India Bicycle Market, By End-user, 2018-2028 (USD Billion)
54. South America Bicycle Market, By Product, 2018-2028 (USD Billion)
55. South America BicycleMarket, By Technology, 2018-2028 (USD Billion)
56. South America Bicycle Market, By End-user, 2018-2028 (USD Billion)
57. Brazil Bicycle Market, By Product, 2018-2028 (USD Billion)
58. Brazil Bicycle Market, By Technology, 2018-2028 (USD Billion)
59. Brazil Bicycle Market, By End-user, 2018-2028 (USD Billion)
60. Middle East and Africa Bicycle Market, By Product, 2018-2028 (USD Billion)
61. Middle East and Africa Bicycle Market, By Technology, 2018-2028 (USD Billion)
62. Middle East and Africa Bicycle Market, By End-user, 2018-2028 (USD Billion)
63. UAE Bicycle Market, By Product, 2018-2028 (USD Billion)
64. UAE Bicycle Market, By Technology, 2018-2028 (USD Billion)
65. UAE Bicycle Market, By End-user, 2018-2028 (USD Billion)
66. South Africa Bicycle Market, By Product, 2018-2028 (USD Billion)
67. South Africa Bicycle Market, By Technology, 2018-2028 (USD Billion)
68. South Africa Bicycle Market, By End-user, 2018-2028 (USD Billion)
List of Figures
1. Global Bicycle Market Segmentation
2. Global Bicycle Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Bicycle Market Attractiveness Analysis By Product
9. Global Bicycle Market Attractiveness Analysis By Technology
10. Global Bicycle Market Attractiveness Analysis By End-user
11. Global Bicycle Market Attractiveness Analysis By Region
12. Global Bicycle Market: Dynamics
13. Global Bicycle Market Share by Product (2021 & 2028)
14. Global Bicycle Market Share by Technology (2021 & 2028)
15. Global Bicycle Market Share by End-user(2021 & 2028)
16. Global Bicycle Market Share by Regions (2021 & 2028)
17. Global Bicycle Market Share by Company (2020)
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