Analysis on the World's Bicycles Industry 2020-2027 Featuring Detailed Profiles of 249 Players

News provided by

Jul 24, 2020, 17:00 ET

DUBLIN, July 24, 2020 /PRNewswire/ -- The "Bicycles - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 19th edition of the report. The 501-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Bicycles Market to Reach US$34.6 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Bicycles estimated at US$29.2 Billion in the year 2020, is projected to reach a revised size of US$34.6 Billion by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027.

Hybrid Bicycles, one of the segments analyzed in the report, is projected to grow at a 3.1% CAGR to reach US$13.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Road Bicycles segment is readjusted to a revised 1.7% CAGR for the next 7-year period. This segment currently accounts for a 20.7% share of the global Bicycles market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 4.7% CAGR for the Period of 2020-2027

The Bicycles market in the U.S. is estimated at US$7.9 Billion in the year 2020. The country currently accounts for a 27.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.9 Billion in the year 2027 trailing a CAGR of 4.7% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR while Rest of European market (as defined in the study) will reach US$6.9 Billion by the year 2027.

Mountain Bicycles Segment Corners a 14.9% Share in 2020

In the global Mountain Bicycles segment, USA, Canada, Japan, China and Europe will drive the 2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.3 Billion in the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.7 Billion by the year 2027, while Latin America will expand at a 3.3% CAGR through the analysis period.

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Bicycles - A Prelude
Recent Market Activity
Global Bicycles Demand Growing at Healthy Pace
Market Overview
Measures to Boost Cycling Usage
Rising Prevalence of Obesity Spurs Demand for Bicycles
Riding the Economic Rollercoaster and Bikenomics
Future Prospects High
E-Bikes to Experience Massive Increase in Popularity
Regional Usage Patterns
Bicycle Parts and Accessories - A Review
Smart Bicycle Accessories
Pricing of Bicycles
Rising ASPs - A Key Trend
Global Competitor Market Shares
Bicycles Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Cost Considerations
Current & Future Analysis
Hybrid Bicycles Gaining Ground
Road Bicycles - Riding High on Technology Evolution
Mountain Bike Segment Registers Rising Demand
Growth Restraints
Cycling in Developed and Developing Countries
Developing Countries Display Strong Fondnessfor Mid-Range Bicycles
Bike Sharing - A Latest Urban Development
Production & Export/Import Scenario
Taiwan - A Key Producer of High-End Bicycles
China -To Emerge as the Hot Spot for High-End Bikes
Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Accell Group N. V. (The Netherlands)
Currie Technologies (USA)
Raleigh Ltd. (UK)
Winora Staiger GmbH (Germany)
Amer Sports Corporation (Finland)
Atlas Cycles (Haryana) Ltd. (India)
Avon Cycles Ltd. (India)
Campagnolo S.r.l (Italy)
Cycleurope AB (Sweden)
Dorel Industries Inc. (Canada)
Cannondale Bicycle Corporation (USA)
Pacific Cycle Group (USA)
Schwinn Bicycles (USA)
Fox Factory, Inc. (USA)
Giant (Taiwan)
Hamilton Industries Pvt. Ltd. (India)
Hero Cycles Ltd. (India)
Huffy Corporation (USA)
Merida Industry Co., Ltd. (Taiwan)
Montague Corp. (USA)
M S Bhogal and Sons (India)
Santa Cruz Bicycles (USA)
Shanghai Forever Import & Export Co., Ltd. (China)
Shanghai Phoenix Imp. & Exp. Co., Ltd. (China)
Shimano, Inc. (Japan)
Specialized Bicycle Components, Inc. (USA)
SRAM LLC (USA)
Tandem Group plc (UK)
TI Cycles of India (India)
Trek Bicycle Corp. (USA)

3. MARKET TRENDS & DRIVERS

Volatile Gas Prices Boost Bicycle Sales
Oil Production Nearing Saturation: Stimulus for Electric-Bicycles
Growing Focus on Traffic Congestion and Environment Issues Spur Demand
Bicycling - A Potential Solution to Global Warming
Reduction in CO2 Emissions and Energy Usage
Rising Usage of Bikes in Urban Areas
Overview of Electric Bicycles
Demand for Electric Bicycles Gains Momentum
Definition of E-Bicycles in Select Regions
Impact of Technological Advancement on Bikes
27.5 -An Emerging Standard in Mountain Bikes Segment
Wheels Become Stronger
Endurance Bikes: Futuristic Trend with High Potential
Carbon Technology - Permeating at Faster Rate
Disc Brakes to Emerge as New Standard for Road Bikes
Tubeless Tires Gain Steady Adoption Among Road Bikes
Fat Tires and Rims in Vogue
Folding Bicycles Witness Healthy Growth
Initiatives Encourage Bicycle Riding
Novel Sophisticated Features Improve Growth Prospects
Growing Demand for Cars in Developing Countries Adversely Impacts Market
Escalating Metal Prices Pressure Manufacturers
Transforming from Traditional Manufacturing to High-tech Industry
Aggressive Promotions Spur Market Penetration
Distribution Channels
Innovation Trends
Cyclist Safety First
Navigation Convenience
Bike Security
Innovations in the Bicycle Segment
Innovative Bicycle Concepts
Innovative Products and Solutions
Innovations in Bicycling Ecosystem
Innovative Options for Bicycle Parking to Promote Biking
Innovations that Address Disaster Management Plans

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 249

For more information about this report visit https://www.researchandmarkets.com/r/ebkapy

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets