Asia-Pacific has gained considerable traction in the bicycle market growth, and is expected to grow with 6.40% CAGR during the forecast period
“increase in interest among people in bicycle events and surge in participation in sports & leisure activities are expected to boost growth of the bicycle sportswear market. Furthermore, upsurge in disposable income is expected to favor increase in sales of non-cargo electric bikes.”
According to a new report published by Allied Market Research, titled, “Bicycle Market by Type, Sales Channel, and End User: Opportunity Analysis and Industry Forecast, 2021–2027,” The global bicycle market size was valued at $20,280.0 million in 2019. Furthermore, the bicycle market growth is projected to reach $28,667.3 million by 2027, registering a CAGR of 4.8% from 2021 to 2027. The non-cargo electric bike segment was the highest contributor to the market, with $12,712.4 million in 2019, and is estimated to reach $17,580.4 million by 2027, at a CAGR of 4.1% during the forecast period.
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List of leading players: There are various players operating in the market. The report provides a competitive analysis of major players along with their market share and contribution to the studied market. Some key players of the global Bicycle Market are :-
DOREL INDUSTRIES INC.
.MERIDA INDUSTRY CO., LTD.
SCOTT SPORTS SA
SPECIALIZED BICYCLE COMPONENTS, INC.
TREK BICYCLE CORPORATION
KONA BICYCLE COMPANY
The Table of Content for Bicycle Market research study includes:
Cosmetics market Landscape
Cosmetics market – Key Market Dynamics
Cosmetics market – Global Market Analysis
Cosmetics market – Revenue And Forecasts to 2027 – Type
Cosmetics market – Revenue And Forecasts to 2027 – Type of Product
Cosmetics market – Revenue And Forecasts to 2027 – Service
Cosmetics market Revenue And Forecasts to 2027 – Geographical Analysis
Impact of Covid-19 Pandemic on Global Cosmetics market
Cosmetics market, Key Company Profiles
List of Tables
List of Figures
Allied Market Research has segmented the Bicycle Market report on the basis of Sales , End User ,Type
By sales channel, the physical stores segment dominated the market in 2019, accounting for $17,628.1 million, and is estimated to reach $20,164.4 million by 2027, at a CAGR of 1.7%. This is attributed to the fact that customers can easily procure required products from physical stores. In addition, customers are given personal attention by the sales staff at these stores. Furthermore, the queries and issues are resolved immediately in physical stores.
Depending on end user, the men segment exhibited the highest growth in 2019, generating revenue of $8,990.5 million, and is estimated to reach $12,301.8 million by 2027, registering a CAGR of 4.0%. This is attributed to increase in interest of sports and leisure activities among men. Furthermore, in bicycle events, men athletes have witnessed higher fan following in comparison to women and kids.
On the basis of type, the non-cargo electric bicycle market segment was the highest contributor to the market, with $12,712.4 million in 2019, and is estimated to reach $17,580.4 million by 2027, at a CAGR of 4.1% during the bicycle market forecast period. This is attributed to technological advancements in bicycles such as integration of durable batteries and designing bicycles with light fiber body materials.
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FREQUENTLY ASKED QUESTIONS?
Q1. What will be the bicycle market Size From 2021 to 2027?
Q2. What is the CAGR of bicycle market?
Q3. Which is the base year calculated in the bicycle market report?
Q4. Which are the top companies in the bicycle market?
Q5. What are the segments of bicycle market?
Q6. How the major currents trends will be shape the market in the future?
Q7. Which region holds the maximum market share of the bicycle market?
Q8. What is the bicycle market effecting factor?
Q9. How will the COVID-19 pandemic impact the bicycle market in 2020?
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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