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Bicycle Market 2019 Global Industry Analysis By Size, Share, Trends, Growth, Key Players, Region And Industry Forecast To 2023

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Bicycle Market 2019 Global Industry Analysis By Size, Share, Trends, Growth, Key Players, Region And Industry Forecast To 2023

June 30
14:51 2020
Bicycle Market 2019 Global Industry Analysis By Size, Share, Trends, Growth, Key Players, Region And Industry Forecast To 2023

“”Bicycle Market 2019″”
Bicycle Market is growing rapidly across the world according to a recent study report published by the Market Research Future on Global Bicycle Market. Global Bicycle industry to witness steady growth of 5.02% CAGR by 2023.

Bicycle Global Market is segmented by Type (e-bikes and conventional bikes), Application (racing, transportation tools and recreation) and Region (North America, Europe and Asia Pacific (APAC)). Report provides Bicycle Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Get Sample Copy of “Bicycle Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/6928

Bicycle Market Key Companies Studied In This Research Report:

The players operating in the global bicycle market include Giant Bicycles, Cannondale, Merida, Accell Group, Tianjin Fuji-ta Group Co., Ltd, Moustache Bikes, Trek Bicycle Corporation, Avon Cycles, F.I.V.E. Bianchi SpA, Derby Cycle, Tube Investments of India Limited, Hero Cycles Limited, Specialized Bicycle Components and NYCeWheels Inc., and Easy Motion USA.

Global Bicycle Market Analysis 2019:

The global bicycle market is anticipated to garner a CAGR of 5.02% during the forecast period (2018-2023), Market Research Future (MRFR) unveils in a detailed report. There has been immense evolution in the bicycle industry. Technological advancements in the bicycle industry are considered an emerging trend in the market. Companies involved in the manufacturing of bicycles are launching innovative bicycles and accessories, which has significantly contributed to its growth.

Market Potential and Pitfalls:

The rising number of people opting for bicycle as a form of leisure is likely to augment the market growth. Bicycle is preferred as a convenient form of exercise to ensure a life free from obesity, a healthy life, and free from other disorders. This further encourages the market growth across the globe. Efforts undertaken by the governments across the world to reduce carbon footprints is predicted to push the market growth uphill. With governments focusing on the harmful effects on carbon emissions, the demand for bicycle has increased across the globe.

Elevating fuel prices and rising traffic congestion issue are foreseen to remain the major driving factors. The increasing acceptance of green transportation to minimize carbon footprint is likely to play a vital role in the growth of the bicycle market in the foreseeable future. A rising application base of bicycles in recreational activities and trekking, along with an increasing number of cycling events will uplift the demand for sports bicycles in the next couple of years.

Dockless bicycle sharing systems have been popular among consumers these days. With this system, users can easily locate a nearby bicycle and unlock it electronically. This system was incepted in Europe and is gradually gaining popularity in Asian countries like China and India. Recent advancements in GPS and mobile app have resulted in app-based dockless bicycle-sharing systems, thereby contributing to the bicycle market across the globe.

On the contrary, aftermarket service infrastructure and underdeveloped charging will remain an impediment to the market growth in the foreseeable future.

Report Scope:

Study Period: 2017 – 2023

Base Year: 2017

Forecast Units: Volume (Thousand Units), Value (USD million)

Target Audience of Report: This report mainly focuses on Bicycle manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Bicycle market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Bicycle Global Industry are studied in this report.

Segmentation:

The global bicycle market has been segmented based on type and application.

By type, the bicycle market is segmented into conventional bike and e-bikes. Of these, conventional bikes acquire the major share in the global market and are expected to retain its position in the long run. On the other hand, e-bikes are likely to expand their market presence by hitting a CAGR of 5.94% during the review period.

By application, the bicycle market is segmented into recreation, racing, and transportation tools. Of these, the recreation segment is estimated to dominate the global market and is likely to surpass a valuation of USD 36,832.4 million by 2023.

Regional Analysis:

Region-wise, the global Bicycle market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

Considering the global scenario, Asia Pacific acquires the lion’s share, accounting for 48.7% share. The region is estimated to retain its dominance and emerge as the fastest expanding market by the end of 2023. The rising per capita income, ever-increasing population, and improving living standards of the population are some of the major factors likely to accelerate the market growth in the APAC. Consolidation of key players like Avon Cycles and Hero Cycles Ltd. are predicted to create growth opportunities for the market. Countries like Japan, China, and Singapore are emphasizing on rolling out the infrastructure required to support and encourage bicycle communication. Chinese bicycle companies are targeting nations like Australia and China to expand their operations, which is further likely to trigger the demand from the bicycle market.

Europe bags the second spot in the global bicycle market, and its expansion is predicted to be dictated by the ongoing trends of adventure sports. The region is estimated to surpass a valuation of USD 14,675.6 million by the end of 2023 and led by Germany. The soaring popularity of e-bike tourism is likely to steer the growth of the bicycle market in the long run. The demand for bicycle is skyrocketing in North America, mainly due to the existence of major market players in the region. The regional market is set to garner a CAGR of 4.15% by the end of 2023.

Study Objectives of Global Bicycle Market:

— To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global market

— To provide insights about factors affecting the market growth

— To analyze the market based on various factors such as supply chain analysis, and Porter’s five forces analysis

— To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – North America, Europe, Asia-Pacific, and ROW.

— To provide country level analysis of the market with respect to the current market size and future prospective

— To provide country level analysis of the market for segment by type, vehicle type, and region

Industry Updates:

July 2019: Hero Cycles has planned to launch Lectro, its electric bicycle brand in the U.K. The company will use its existing distribution network through UK-based Avocet Sports, which was acquired in 2015. Around 45,000 units of Lectro will be exported in the next few months.

Major Table of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

List of Tables:

TABLE 1 MARKET SYNOPSIS 14

TABLE 2 LIST OF ASSUMPTIONS 17

TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL BICYCLE MARKET FOR TOP FIVE COUNTRIES 18

TABLE 4 IMPORT ANALYSIS OF BICYCLES, 2013-2017 (UNITS) 34

TABLE 5 EXPORT ANALYSIS OF BICYCLES, 2013-2017 (UNITS) 35

TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE 36

TABLE 7 LABOR COST ANALYSIS 36

TABLE 8 UPSTREAM RAW MATERIAL SUPPLIERS OF BICYCLE WITH CONTACT INFORMATION 37

TABLE 9 GLOBAL BICYCLE BY TYPES, BY VOLUME, 2013-2017 (MILLION UNITS) 42

TABLE 10 GLOBAL BICYCLE BY TYPES, BY VOLUME, 2018-2023 (MILLION UNITS) 42

TABLE 11 GLOBAL BICYCLE MARKET, BY TYPE, BY VALUE, 2013-2017 (USD MILLION) 43

TABLE 12 GLOBAL BICYCLE MARKET, BY TYPE, BY VALUE, 2018-2023 (USD MILLION) 43

Continued…

Browse Complete Report of pages at: https://www.marketresearchfuture.com/reports/bicycle-market-6928

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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