The global bicycle market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). The rising need and demand to speed up the exercise process through bicycles are one of the prime factors affecting and driving the market. Cycling strengthens the body, heart muscles, lowers the resting pulse, and also decreases blood fat levels and weight. Additionally, cycling increases stamina as well, and cycling supports in protection against various diseases that include high blood pressure, obesity, depression, diabetes, and arthritis among others.
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The key players operating in the global bicycle market had been adopting strategies such as new launches to gain major market share. For instance, in September 2020, Accell Group had introduced Sparta d-Burst with its focus on commuter cycling between their home and workplace. The d-Burst would be offered in e-bike along with a speed pedal that will have a capacity of at least 1125 WH.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Product Type
· By Technology
· By Distribution Channel
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape- Accell Group, Avon Cycles Ltd., Bridgestone Cycle Co. LTD., Dorel Industries Inc., and MERIDA BIKES
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Global Bicycle Market
By Product Type
• Mountain Bicycle
• Hybrid Bicycle
• Road Bicycle
• Other
By Technology
• Electric
• Conventional
By Distribution Channel
• Online Channel
• Offline Channel
Global Bicycle Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
· Accell Group
· Atlas Cycles
· Avon Cycles Ltd.
· Bridgestone Cycle Co., LTD.
· Campagnolo S.r.l.
· CYCLEUROPE AB
· CUBE-BIKES
· Dahon Bike
· Dorel Industries Inc.
· Giant Bicycles
· Hero Cycles Ltd.
· MERIDA BIKES
· Specialized Bicycle Components, Inc.
· Samchuly Bicycle
· SRAM LLC.
· Pon Holdings B.V.
· TUBE INVESTMENTS OF INDIA Ltd.
· TRINX
· Trek Bicycle Corp.
· Zhejiang Pujiang Libahuang Bicycle Co Ltd.
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