Technavio has been monitoring the bicycle market and it is poised to grow by USD 10.5 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Bicycle Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accell Group NV, Atlas Cycles (Haryana) Ltd., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., GUANGDONG TANDEM INDUSTRIES Co. Ltd., Insera Sena. PT., Merida Industry Co. Ltd., Tandem Group Plc, and Trek Bicycle Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The environmental and economic benefits of bicycles have been instrumental in driving the growth of the market.
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Bicycle Market 2020-2024: Segmentation
Bicycle Market is segmented as below:
On-road And Track Bicycles
X-road And Hybrid Bicycles
Bicycle Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bicycle market report covers the following areas:
Bicycle Market Size
Bicycle Market Trends
Bicycle Market Industry Analysis
This study identifies an increase in demand for titanium-based bicycles as one of the prime reasons driving the bicycle market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Bicycle Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist bicycle market growth during the next five years
Estimation of the bicycle market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the bicycle market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of bicycle market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
Value Chain Analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
Market segmentation by distribution channel
Comparison by distribution channel
Offline - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by distribution channel
PART 07: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
On-road and track bicycles - Market size and forecast 2019-2024
Off-road bicycles - Market size and forecast 2019-2024
X-road and hybrid bicycles - Market size and forecast 2019-2024
Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Adults - Market size and forecast 2019-2024
Children - Market size and forecast 2019-2024
Market opportunity by end-user
PART 10: MARKET SEGMENTATION BY PROPULSION
Market segmentation by propulsion
Comparison by propulsion
Manual bicycles - Market size and forecast 2019-2024
Motor-assisted bicycles - Market size and forecast 2019-2024
Market opportunity by propulsion
PART 11: GEOGRAPHIC LANDSCAPE
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
PART 14: MARKET TRENDS
Increasing popularity of bicycle rental services
Increase in demand for titanium-based bicycles
Emergence of foldable bicycles
PART 15: VENDOR LANDSCAPE
PART 16: VENDOR ANALYSIS
Market positioning of vendors
Accell Group NV
Atlas Cycles (Haryana) Ltd.
Derby Cycle Holding GmbH
Dorel Industries Inc.
Giant Manufacturing Co. Ltd.
GUANGDONG TANDEM INDUSTRIES Co. Ltd.
Insera Sena. PT.
Merida Industry Co. Ltd.
Tandem Group Plc
Trek Bicycle Corp.
PART 17: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 18: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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