Bicycles Global Market to Reach $101 Billion by 2030: Demand for Electric Bicycles Gains Momentum
Global Market for Bicycles
Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Bicycles: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Bicycles estimated at US$60.8 Billion in the year 2022, is projected to reach a revised size of US$101 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.
Hybrid Bicycles, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$44.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Road Bicycles segment is readjusted to a revised 4.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 8.2% CAGR
The Bicycles market in the U.S. is estimated at US$9.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$22.6 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.8 Billion by the year 2030.
Select Competitors (Total 870 Featured) -
Accell Group N. V.
Winora Staiger GmbH
Amer Sports Corporation
Atlas Cycles (Haryana) Ltd.
Avon Cycles Ltd.
Dorel Industries Inc.
Cannondale Bicycle Corporation
Pacific Cycle Group
Fox Factory, Inc.
Hamilton Industries Pvt. Ltd.
Hero Cycles Ltd.
Merida Industry Co., Ltd.
M S Bhogal and Sons
Santa Cruz Bicycles
Specialized Bicycle Components, Inc.
Tandem Group plc
TI Cycles of India
Trek Bicycle Corp.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Pandemic Makes Bicycles Sell Like Hot Cakes: Factors Driving Boom
Weak Economic Environment Discourages Overall Market Sentiments
World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
Disruption in Public Transport Usage & Fitness Regime Patterns Drive Bicycle Mad Rush: Hammered Economy Fails to Discourage Market Prospects
COVID-19 Impact on Key Regional Markets
US Bicycle Market Pedals Fast to Reach High Terrains
Europe Records Notable Jump in Bicycle Sales after Easing of COVID-19 Restrictions
COVID-19 Pandemic Augurs Well for Indian Bicycle Industry despite Challenges
An Introduction to Bicycle and its Components
Bicycles-Bill of Material
Bamboo Bicycles: Take a Ride on Your Imagination
Bike Sharing Programs: Inculcating Interest in Cycling
Bicycles: Biggest Innovations Ever
Bicycles Market: A Prelude
Global Bicycles Demand Growing at Healthy Pace
Leading Countries Bicycle Penetration Rate as a Percentage of Total Population (2019E)
Bicycle Parts and Accessories: A Review
Pricing of Bicycles
Global High-End Bicycles Market (2019E): Percentage Breakdown of Revenue by Region
Global Bicycle Market Rallies Ahead amid COVID-19 Crisis
Spike in Bicycle Sale amid COVID-19 Leaves Supply Chain High & Dry Temporarily
Hybrid Bicycles Gaining Ground
Road Bicycles: Riding High on Technology Evolution
Mountain Bike Segment Registers Rising Demand
Cycling in Developed and Developing Countries
Production & Export Scenario
Value Exports of Bicycles by Select Country (2019E)
Key Players in Bicycles Supply Chain
Bicycles Product Mix of Merida (2019)
Bicycles Product Mix of Giant (2019)
Bicycle Division Revenue Breakdown of Accell by Geographic Region (2019)
Bicycle Revenue Breakdown of Accell by Segment (2019)
Bicycle Product Mix of Accell (2019)
Parts Division Revenue Breakdown of Accell by Geographic Region (2019)
Parts Product Mix of Accell (2019)
Bicycles Market for New Players: Opportunities and Challenges
Bicycle Components Market
Leading Players in the Global Bicycle Components Market (2019): Percentage Value Breakdown of Sales for Shimano and Others
Leading Players in the Global Road Bicycle Components Market (2019): Percentage Value Breakdown of Sales for Shimano, KMC, FSA and Others
Leading Players in the Global Mountain Bicycle Components Market (2019): Percentage Value Breakdown of Sales for Shimano, SRAM, KMC, and Others
Breakdown of Shimano's Bicycle Components Sales (in %) by Geographic Region (2019)
Recent Market Activity
Select Global Brands
Bicycles - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Growing Focus on Traffic Congestion and Environment Issues Spur Demand
Bicycling: A Potential Solution to Global Warming
CO2 Emissions (in Billion Tons of CO2) by Select Region/Country (2019)
Reduction in CO2 Emissions and Energy Usage
Rising Usage of Bikes in Urban Areas
Demand for Electric Bicycles Gains Momentum
World e-Bike Market (2020): Percentage Breakdown of Volume Sales by e-Bike Type for City, Touring, Mountain, Folding, and Others
World e-Bike Market (2019): Penetration Rate (in %) for Select Countries/Region
Definition of E-Bicycles in Select Regions
Oil Production Nearing Saturation: Stimulus for Electric-Bicycles
27.5 Inches: 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
Rising Car Ownership Rates in Developing Countries Adversely Impact Market
Global Passenger Cars Market (2019): Breakdown of Number of Cars per 1000 People in Select Countries
Metal Prices Pressure Manufacturers
Transforming from Traditional Manufacturing to High-tech Industry
Aggressive Promotions Spur Market Penetration
Technological Advancements & Improvements
Cyclist Safety First
Select Key Innovations-2019
Innovations in Bicycles Segment in the Recent Past
Bicycle Seat for Elderly
Power Generating Bicycles
Innovative Products and Solutions
Innovations in Bicycling Ecosystem
Innovative Options for Bicycle Parking to Promote Biking
Innovations that Address Disaster Management Plans
Spike in Online Sales
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/2gd3zn
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