Bicycle Market By Product (Road Bicycles, Hybrid Bicycles, Mountain Bicycles and Other Products), Technology (Conventional and Electric) and End User (Kids, Men and Women) - Global Industry Analysis And Forecast To 2025
The bicycle, additionally referred to as the bike or cycle, is the motor-powered or human-powered, single-track vehicle, pedal-driven, having attachment of two wheels to the frame, one after the other. The rider of bicycle is known as the cyclist, or the bicyclist. The innovation of bicycles has enormously affected the society, both as far as culture and of the propelling methods of modern industrial. The few parts that in the long run assumed the key job in the improvement of the vehicle were at first invented from the utilization of the bicycle, including pneumatic tires, tension-spoked wheels, chain-driven sprockets and ball bearings. Therefore, the Bicycle Market is anticipated to expand and has tremendous scope during the forecast period. The global Bicycle Market anticipated to flourish in the future by growing at a significantly higher CAGR.
On the basis of Product the market is segmented into Road Bicycles, Hybrid Bicycles, Mountain Bicycles and Other Products. The Road Bicycles section is dominating the market as these are the basic version of bicycles that don not utilize any special tools like in case of other bicycles.
On the basis of Technology the market is segmented into Conventional and Electric. The Conventional section is leading the market owing to as they are the traditional transport mode, while the electric section is seen to gain the market in foreseen period.
On the basis of End User the market is segmented into Kids, Men and Women. The Men section is leading the market as men been the largest utilizers of the bicycles since the past.
The Asia Pacific region is leading the global Bicycle Market owing to more infrastructure development taking place to support & encourage the commutation through bicycle, increasing adoption & utilization of bicycles to reduce the emission of carbon, etc.
Bicycle Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Atlas Cycles Ltd.
Specialized Bicycle Components
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?