The bicycle market was estimated to be worth USD 70.49 billion in 2023, and by 2030, its revenue is expected to have grown at a compound annual growth rate (CAGR) of 9.8% to reach roughly USD 135.63 billion.
Bicycle Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “ Bicycle Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Bicycle market, with forecasts outspreading to the year 2030.
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Bicycle Market Scope and Methodology:
The research provides a thorough understanding of the Bicycle industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Bicycle market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Bicycle market and its segments. The examination of the Bicycle industry reveals current patterns impacting growth and prospects.
Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Bicycle industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.
Bicycle Market Regional Insights
The Bicycle market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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Bicycle Market Segmentation
by Product
Mountain Bikes
Hybrid Bikes
Road Bikes
Cargo Bikes
Others
In 2023, road bicycles were the most popular product category in the bicycle market. The main reasons road bikes have taken over the bicycle market are their efficiency, adaptability, and appeal to riders of all skill levels. These bikes are perfect for long-distance riding, fitness, racing, and commuting because they are made especially to be quick and efficient on paved roads. Technological developments have produced aerodynamic designs and lightweight materials that improve speed and agility. Additionally, the demand for high-performance road bikes has increased as cycling has become more popular as a recreational and competitive sport.
by Design
Folding
Regular
In 2023, the design segment of the bicycle market was dominated by the Regular sub-segment. because to its broad popularity, ease of use, and versatility. Traditional bicycle designs fall under this category since they are well-known and practical. They offer a dependable mode of transportation and leisure to a wide range of users, including commuters, enthusiasts, and casual riders.
by Technology
Electric
Conventional
by End-User
Men
Women
Kids
by Distribution Channel
Online
Offline
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Bicycle Market Key Players
North America
1. Specialized Bicycle Components, Inc.
2. Yeti Cycles
3. Kent Outdoors
4. Pivot Cycles
5. Intense Cycles
6. Diamondback Bicycles
7. Matthews Bicycle
8. LeMond
9. W.A.R Bikes
Europe
10. Origine Cycles
11. Pierer Mobility
12. Canyon Bicycles
13. Brompton Bicycle
14. Moustache Bikes
15. Colnago
16. Cross
17. Econic One
18. Pelago Bicycles
APAC
19. La Bicycle
20. Merida Industry Co., Ltd.
21. Hero Cycles Ltd.
22. BSA Cycles Ltd.
23. KHS Bicycles
24. Velotric Bike
South America
25. Ossby
26. Sense Bike
27. Oggi Bikes
28. Groove Bikes
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Table of Content: Bicycle Market
Part 01: Executive Summary
Part 02: Scope of the Bicycle Market Report
Part 03: Global Bicycle Market Landscape
Part 04: Global Bicycle Market Sizing
Part 05: Global Bicycle Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Bicycle Market are:
- What is Bicycle?
- What was the Bicycle market size in 2023?
- What is the growth rate of the Bicycle Market?
- Which is the fastest-growing region in the Bicycle market?
- Which are the factors expected to drive the Bicycle market growth?
- What is the CAGR at which the Bicycle market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Bicycle?
- What are the upcoming opportunities and trends for the Bicycle Market?
- What are the different segments of the Bicycle Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Bicycle Market?
- What segments are covered in the Bicycle Market?
- Who are the key players in the Bicycle market?
- Who are the leading companies and what are their portfolios in Bicycle Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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