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Global Bicycle Market to reach USD 87.42 billion by 2027.

Global Bicycle Market Size study, by Type (Cargo Electric bike, Non-Cargo Electric bike, Cargo Nonelectric bike and Non-cargo Nonelectric bike), Sales Channel (Online Platforms and Physical Stores), End-User (Men, Women and Kids) and Regional Forecasts 2020-2027

Product Code: OIRGSAF_67331877
Publish Date: 17-01-2021
Page: 200

Global Bicycle Market is valued approximately at USD 50.88 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7% over the forecast period 2020-2027. Now a days large numbers of people are opting for bicycling as a form of leisure and exercise. The major drivers that support the market growth are shifting concern of people about healthy lifestyle, environment-friendliness and for recreation and leisure. Preference for bicycles to ensure a healthy life, free from obesity and other disorders are expected to boost the market. The popularity of dockless bicycle-sharing systems is also rising. Various sports events, such as Tour de France and Ronde van Vlaanderen, are fueling the popularity of bicycles. Men are likely to travel more than women through bicycles. For Instance: as per the data provided by the Department for Transport U.K., in 2019, on average, the U.K. men population made 25 cycling trips in a year as compared to 10 cycling trips by women population in the same year. Thus the sales of bicycles by men is likely to increase. Further, increasing investment in sports infrastructure through favorable government initiatives and participation in sports has led the adoption of Bicycle across the forecast period. For Instance: in India events like, mountain cycling events, cycling marathons and other events organized by Cycling Federation of India. However, lack of necessary infrastructure to support bicycle commutation in congested regions impedes the growth of the market over the forecast period of 2020-2027. Further, with the governments of U.S. & Italy providing subsidies on the purchase of new bicycles and growing awareness among public of bicycle being safest medium to travel, the adoption & demand for bicycle is likely to increase.

The regional analysis of global Bicycle market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to urban cycling, sports events and health conscious people. Whereas, Europe is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as environmental friendly awareness and less traffic on roads coupled with the well-established cycling infrastructure would create lucrative growth prospects for the Bicycle market across Asia-Pacific region.

Major market player included in this report are:
Accell Group
Dorel Industries Inc.
Giant Bicycle
Merida Industry Co.,Ltd.
Olympus Bikes
Scott Sports SA
Specialized Bicycle Components, INC
Trek Bicycle Corporation
Kona Bicycle Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Cargo Electric bike
Non-Cargo Electric bike
Cargo Nonelectric bike
Non-cargo Nonelectric bike
By Sales Channel:
Online Platforms
Physical Stores
By End-User:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Bicycle Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Bicycle Market, by Region, 2018-2027 (USD Billion)
1.2.2. Bicycle Market, by Type, 2018-2027 (USD Billion)
1.2.3. Bicycle Market, by Sales Channel, 2018-2027 (USD Billion)
1.2.4. Bicycle Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bicycle Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bicycle Market Dynamics
3.1. Bicycle Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Bicycle Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Bicycle Market, by Type
5.1. Market Snapshot
5.2. Global Bicycle Market by Type, Performance – Potential Analysis
5.3. Global Bicycle Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Bicycle Market, Sub Segment Analysis
5.4.1. Cargo Electric bike
5.4.2. Non-Cargo Electric bike
5.4.3. Cargo Nonelectric bike
5.4.4. Non-cargo Nonelectric bike
Chapter 6. Global Bicycle Market, by Sales Channel
6.1. Market Snapshot
6.2. Global Bicycle Market by Sales Channel, Performance – Potential Analysis
6.3. Global Bicycle Market Estimates & Forecasts by Sales Channel 2017-2027 (USD Billion)
6.4. Bicycle Market, Sub Segment Analysis
6.4.1. Online Platforms
6.4.2. Physical Stores
Chapter 7. Global Bicycle Market, by End-User
7.1. Market Snapshot
7.2. Global Bicycle Market by End-User, Performance – Potential Analysis
7.3. Global Bicycle Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Bicycle Market, Sub Segment Analysis
7.4.1. Men
7.4.2. Women
7.4.3. Kids
Chapter 8. Global Bicycle Market, Regional Analysis
8.1. Bicycle Market, Regional Market Snapshot
8.2. North America Bicycle Market
8.2.1. U.S. Bicycle Market Type breakdown estimates & forecasts, 2017-2027 Sales Channel breakdown estimates & forecasts, 2017-2027 End-User breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Bicycle Market
8.3. Europe Bicycle Market Snapshot
8.3.1. U.K. Bicycle Market
8.3.2. Germany Bicycle Market
8.3.3. France Bicycle Market
8.3.4. Spain Bicycle Market
8.3.5. Italy Bicycle Market
8.3.6. Rest of Europe Bicycle Market
8.4. Asia-Pacific Bicycle Market Snapshot
8.4.1. China Bicycle Market
8.4.2. India Bicycle Market
8.4.3. Japan Bicycle Market
8.4.4. Australia Bicycle Market
8.4.5. South Korea Bicycle Market
8.4.6. Rest of Asia Pacific Bicycle Market
8.5. Latin America Bicycle Market Snapshot
8.5.1. Brazil Bicycle Market
8.5.2. Mexico Bicycle Market
8.6. Rest of The World Bicycle Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Accell Group Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Cervélo
9.2.3. Dorel Industries Inc.
9.2.4. Giant Bicycle
9.2.5. Merida Industry Co.,Ltd.
9.2.6. Olympus Bikes
9.2.7. Scott Sports SA
9.2.8. Specialized Bicycle Components, INC
9.2.9. Trek Bicycle Corporation
9.2.10. Kona Bicycle Company
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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