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Pulished Date April, 2021
ID: 9130
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Bicycle Market segmentation By Product (Hybrid, Road, Mountain, Others), By Technology (Electric, Conventional), By End-User (Men, Women, Children) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9130
Pages: 175

Bicycle Market Overview:

The global bicycle market is anticipated to develop at a CAGR of 7.78% during the estimated time frame.

A bike, likewise called a bicycle or cycle, is a human-controlled or engine fueled, pedal-driven, single-track vehicle, having two wheels connected to an edge, one behind the other. Bicycles don't require any outside fuel for their work, which is their greatest bit of leeway. Protection of natural resources is the need of great importance as there are grave worries over their consumption. So as to spare oil and fuel, people select to cycle to near distances.

People across the globe are progressively getting increasingly mindful of their wellness, which is, in the long run, bringing about the developing interest for the bicycle as an elective method for transport. Contrasted with regular bicycles, as of now, the general interest for e-bikes is advancing and is supposed to become standard during the anticipated period

Recent Developments:

  •  Accell Group N.V. declares that it has agreed on the procurement of all issued shares in Raleigh Cycle Limited (Raleigh) (the Acquisition).
  •  Accell Group N.V. has consented to sell its U.S. business, including the overall enrollments for Diamondback, Redline, and IZIP, to Regent LP, the California speculation firm that purchased Mavic not long ago.
  • With prompt impact, Pon Holdings obtains Santa Cruz Bicycles, the California-based market pioneer in top of the line mountain bicycles. Their item extends presently incorporates 16 models that are sold in 70 nations under the brand names of Santa Cruz and Juliana.
  • The heart of the most up to date Derby Cycle e-bicycle is the Impulse Evo engine which depends on the demonstrated 2.0 Impulse drive framework. As indicated by Derby Cycle the new engine makes 20% less commotion contrasted with its antecedent, however, is a lot more grounded giving a most extreme torque of 80 Nm.

Drivers and Restraints of Bicycle Market:


The reception of bikes helps in the conservation of natural resources that power different methods of transport. Besides, buyers additionally spare a lot of cash when they use bikes, as fuel costs have been soaring over the most recent couple of years. Furthermore, one doesn't have to hold a permit to ride a bike, which makes these vehicles health useful, less expensive, and reasonable choice for everybody. These variables will support the development of the worldwide bicycle market in the estimated time frame. The health, environmental, and monetary advantages of cycling will be a huge factor driving the development of the bike market. Normal physical activity, for example, riding a bicycle can help in lessening the danger of different medical problems, including cardiovascular diseases, weight gain, psychological maladjustment, cancer, diabetes, and joint inflammation. Cycling likewise helps in diminishing and controlling weight by building muscle and burning body fat.


Be that as it may, the worldwide bicycles market may endure a few restrictions, for example, the more extended time taken for travel for bikes to arrive at a destination, trouble faced in moving easily in exorbitant climate conditions, for example, rainstorm or heat conditions, in spite of the fact that the individual might be wearing legitimate apparel and gear. In addition, bicycles can be handily taken or lost when contrasted with four-wheeler vehicles. Every one of these components could go about as significant limitations to the development of the market over the conjecture time frame.

Market Segmentation:

By Product:

  • Hybrid
  • Road
  • Mountain
  • Others

On-road bicycles offer high solace, which makes it perfect for voyaging significant distances while visiting urban areas. Track bicycles are advanced for dashing on open-air tracks or velodromes. Subsequently, with the development in cycling tourism and velodrome occasions, the interest for on-road and track bikes will likewise develop during the conjecture time frame. Be that as it may, market development in this portion will be slower than the development of the market in the x-street and hybrid bikes section.

 By Technology:

  • Electric
  • Conventional

The capacity of e-bikes to deal with the general speeds all the more sufficiently, gives the rider the agreeable drive on bridges, mountain zones, and intense streets, in this way making ready for the sales of the e-bike market.

By End User:

  • Men
  • Women
  • Children

Men have dwarfed ladies in the utilization of bikes based on the end-user. The men portion represented the biggest piece of the overall industry in 2017 and is estimated to extend at a CAGR of about 5% over the conjecture time frame as the number of men riding bikes keeps on being higher than the number of ladies and children.

Bicycle Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

Traffic blockage in Europe has expanded by a negligible 2%. The purpose of this is Europeans have begun utilizing bicycles as a compelling method for transport, which thus, has brought about an enormous decrease in congested driving conditions. The European Government is likewise offering total help in regards to the utilization of bicycles to evade the issues caused because of traffic clog and is additionally encouraging occupants to utilize bicycles over other fuel-driven vehicles for transportation. This is relied upon to make a positive effect on the bicycle market. APAC was the biggest market for bicycles in 2019, and the area will offer the most extreme development chances to showcase sellers during the gauge time frame. The expanding health awareness, developing ecological concerns with respect to CO2 discharges, rising urbanization and traffic clog, and expanding use for individual transportation will fuel bicycle market development in this area. Practically 61% of the market's development will start from APAC during the foreseen time frame. China and India are the pivotal markets for a bike in this area. Market development in this locale will be quicker than the development of the market in different topographies.

Business people in the nations of Latin America, for example, Mexico, are putting resources into the enlargement of the electric bike market in the nation. Low work costs and ideal business conditions in the area are expected to draw in various producers in the coming future. Also, administrations of nations in the locale are making reciprocal business associations with various nations over the world, with an accentuation on liberalizing trade through the development of facilitated trade agreements. This will make opportunities for the growth of the electric bicycle market in Latin America over the estimated time frame.

Key Players of Market:

 The Key Players of bicycle market include 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.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Bicycle Market, By Product               

                    6.1.1 Hybrid 

                    6.1.2 Road   

                    6.1.3 Mountain       

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Bicycle Market, By Techology           

                    6.2.1 Electric

                    6.2.2 Conventional  

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Bicycle Market, By End-User            

                    6.3.1 Men    

                    6.3.2 Women

                    6.3.3 Children        

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     



                    7.2.2 By Product     

                    7.2.3 By Techology 

                    7.2.4 By End-User   

          7.3 Europe             

                    7.3.1 By Country     






                     Rest of Europe

                    7.3.2 By Product     

                    7.3.3 By Techology 

                    7.3.4 By End-User   

          7.4 Asia Pacific                 

                    7.4.1 By Country     




                     South Korea

                     South East Asia

                     Australia & NZ

                     Rest of Asia-Pacific

                    7.4.2 By Product     

                    7.4.3 By Techology 

                    7.4.4 By End-User   

          7.5 Latin America             

                    7.5.1 By Country     




                     Rest of Latin America

                    7.5.2 By Product     

                    7.5.3 By Techology 

                    7.5.4 By End-User   

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                     Middle East


                    7.6.2 By Product     

                    7.6.3 By Techology 

                    7.6.4 By End-User   

8. Key Player Analysis                           

          8.1 Accell Group NV         

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Atlas Cycles (Haryana) Ltd               

          8.3 Derby Cycle Holding GmbH             

          8.4 Dorel Industries Inc              

          8.5 Giant Manufacturing Co. Ltd           

          8.6 Guangdong Tandem Industries Co. Ltd                

          8.7 Insera Sena PT            

          8.8 Merida Industry Co. Ltd                  

          8.9 Tandem Group Plc                

          8.10 Trek Bicycle Corp                

9. Market Outlook & Investment Opportunities                     


          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of  by propulsion, by charging station, by  power output, by installation along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Bicycle Market By Region, From 2021-2026 ( USD Billion )
  2. Global Bicycle Market By Product, From 2021-2026 ( USD Billion )
  3. Global Hybrid Market By Region, From 2021-2026 ( USD Billion )
  4. Global Road Market By Region, From 2021-2026 ( USD Billion )
  5. Global Mountain Market By Region, From 2021-2026 ( USD Billion )
  6. Global Bicycle Market By Technology, From 2021-2026 ( USD Billion )
  7. Global Electric Market By Region, From 2021-2026 ( USD Billion )
  8. Global Conventional Market By Region, From 2021-2026 ( USD Billion )
  9. Global Bicycle Market By End-User, From 2021-2026 ( USD Billion )
  10. Global Men Market By Region, From 2021-2026 ( USD Billion )
  11. Global Women Market By Region, From 2021-2026 ( USD Billion )
  12. Global Children Market By Region, From 2021-2026 ( USD Billion )


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