Road Bikes is used to describe bicycles built for traveling at speed on paved roads. Some sources use the term to mean racing bicycle. Other sources specifically exclude racing bicycles from the definition, using the term to mean a bicycle of a similar style but built more for endurance and less the fast bursts of speed desired in a racing bicycle; as such, they usually have more gear combinations and fewer hi-tech racing features.
In the global market, the core manufacturers of road bicycle include Giant and Trek etc, and the top 2 manufacturers account for above 20% of the market share. aluminum road bike accounted for 58% and carbon fiber road bike accounted for 30%. The product is mainly used in transportation tools and racing fields, with a share of 76% and 24%.
Market Dynamics
A lately published report titled “Global Road Bicycle Industry Research Report, Growth Trends and Competitive Analysis 2021-2027” by OMR Market Research will give a detailed synopsis of the Road Bicycle market structure. The researchers have offered deep-level insights into the aspects that play a key role in influencing growth. They have also provided accurate and reliable data related to the industry estimates and forecasts. The buyers of the report will get their hands on the global figures based on value and volume. Overall, the readers will understand the dynamics and how they will impact the future scenario.
The global Road Bicycle market size is projected to reach US$ 4560.9 million by 2027, from US$ 3763 million in 2020, at a CAGR of 1.5% during 2021-2027.
Key Trends
Through this section, the readers will obtain a crystal-clear understanding of the recent and upcoming trends. This section will help the players to identify these opportunities and capitalize on them to make their foothold strong in the years to come. They will also be able to differentiate risk and resolve tough challenges amid the changing landscape.
Covid Impact Study
The users of this study will understand the impact of the Covid-19 pandemic on the overall growth. Aspects such as demand, supply chain management, production, and export and import have been scrutinized while authoring the research report. The experts at OMR Market Research have also explored the factors that will facilitate the growth in the forthcoming years and assist the industry in gaining momentum.
Segmental Study
The research report has been analyzed based on type and application segments. This section delves into the key growth opportunities that each segment is likely to pose in the years to come. The analysts have done sales analysis of the type of segment and have provided reliable data in terms of both revenue and volume for the period 2016-2027. In this section of the report, the users will also gain access to the sales analysis and forecast of every type and application segment based on volume for the period 2016-2027.
Segment by Type
Aluminum Road Bike
Carbon Fiber Road Bike
Others
Segment by Application
Transportation Tools
Racing
Regional Study
The key regions examined in this report involve North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. This section has highlighted the aspects playing a key role in regional growth. In this report, our team of experienced analysts and experts have provided regional and country-level estimates and forecasts. This section also discusses the sales growth at regional and country levels for the period 2016-2027. Reliable region-wise volume analysis and country-wise sales volume analysis have been carried out by the researchers for the period 2016-2027. The report also includes production capacity statistics to give readers a transparent understanding.
Market Competition
The analysts who have written the report have mapped and analyzed each leading player operating. They have provided detailed data based on value, sales, ex-factory price, revenue, and share of the manufacturers for the period 2016-2021. The readers will also get their hands on the accurate revenue and price analysis of the manufacturers at the global level for the period 2016-2021. This will help the clients to get to know the overall status of the global Road Bicycle market and foresee the existing and future competition level. We can also offer the sales and revenue figures of the companies you are interested in for the period 2016-2021. Some prominent players studied in this research report are:
Giant
Trek
Accell
Merida
Cube
Cannondale
Grimaldi Industri
Specialized
Fuji Bikes
Hero Cycles
Scott Sports
LOOK
Atlas
Xidesheng Bicycle
Shanghai Phonex
KHS
Key Growth Strategies
This section delves into the growth strategies, including innovative trends and developments, collaborations, intensification of product portfolio, and geographical expansion, which the players are adopting to retain their position. This section also enlightens the readers on recent product innovations and mergers and acquisitions.
Frequently Asked Questions
What key opportunities will emerge in the Road Bicycle market?
Which are the key challenges faced by the Road Bicycle market players?
Which are the prominent players in the Road Bicycle market?
Which region will witness sluggish growth?
What growth strategies are carried out by the Road Bicycle market players?
Which application segment will dominate the market in future?
Which region will present growth opportunities for the Road Bicycle market?
What will be the global Road Bicycle market revenue by 2027?
What are the recent product innovations in the Road Bicycle market?
Which product segment will exhibit the highest growth?
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