Source: Research and Markets

September 04, 2023 08:32 ET

Global Bicycle Market Forecast Report 2023-2030: Innovations

and Growth: Specialized Bicycle Components Steer Bicycle
Market Growth
Dublin, Sept. 04, 2023 (GLOBE NEWSWIRE) -- The "Global Bicycle Market by Product (Cargo Bikes,
Hybrid Bikes, Mountain Bikes), Technology (Conventional, Electric), Distribution Channel, End-user -
Cumulative Impact of COVID-19, Russia Ukraine Con ict, and High In ation - Forecast 2023-2030"
report has been added to ResearchAndMarkets.com's offering.

The Global Bicycle Market size was estimated at USD 81.99 billion in 2022, USD 88.27 billion in 2023,
and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.11% to reach USD 153.07
billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the
estimated year, and years from 2024 to 2030 are considered as the forecast period.

The report considers the ongoing political and economic uncertainty in Eastern Europe caused by
the Russia-Ukraine Con ict and its potential implications for demand-supply balances, pressure on
pricing variants, and import/export and trading. Additionally, the report addresses the impact of
High In ation on the global economy and details scal policies measuring and reducing its effects
on demand, supply, cash ow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular
market space. By comparing vendor contributions to overall revenue, customer base, and other key
metrics, we can give companies a greater understanding of their performance and what they are
up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation,
fragmentation dominance, and amalgamation traits over the base year period studied.
Market Segmentation & Coverage:

This research report categorizes the Global Bicycle Market in order to forecast the revenues and
analyze trends in each of the following sub-markets:
Based on Product, the market is studied across Cargo Bikes, Hybrid Bikes, Mountain Bikes,
and Road Bikes. Road Bikes is projected to witness a signi cant market share during the
forecast period.
Based on Technology, the market is studied across Conventional and Electric. Electric is
projected to witness a signi cant market share during the forecast period.
Based on Distribution Channel, the market is studied across Of ine and Online. The Of ine is
projected to witness a signi cant market share during forecast period.
Based on End-user, the market is studied across Kids, Men, and Women. Women are
projected to witness a signi cant market share during forecast period.
Europe, Middle East & Africa is projected to witness signi cant market share during the
forecast period.
Market Dynamics
Drivers
Increasing health consciousness among population
Easy availability of different types of bicycles
 Rise in the use of bicycles by travelers and tourists
Restraints
Fluctuating cost of raw materials
Opportunities
Advances in bicycle production technology
Improvements in government infrastructure for bicycle riding
Challenges
Availability of alternatives
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key
players
2. Market Development: Provides in-depth information about lucrative emerging markets and
analyzes penetration across mature segments of the markets
3. Market Diversi cation: Provides detailed information about new product launches, untapped
geographies, recent developments, and investments
4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-
19, the Russia-Ukraine Con ict, and the High In ation
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares,
strategies, products, certi cation, regulatory approvals, patent landscape, and manufacturing
capabilities of the leading players
6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D
activities, and breakthrough product developments
Competitive Portfolio
Avon Cycles Ltd.
Cervelo Cycles Inc.
Cycling Sports Group, Inc.
F.I.V. E. Bianchi S.p.A.
Factor Bikes
Giant Manufacturing Co., Ltd.
Huffy Corporation
Marin Mountain Bikes Inc.
Pure Fix Cycles
Raleigh Bicycle
Salsa Cycles
Santa Cruz Bicycles, LLC
SCOTT Sports SA
Specialized Bicycle Components, Inc.
TI Cycles India Limited
Key Attributes:

Report Attribute Details

No. of Pages 191
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $88.27 Billion
Forecasted Market Value (USD) by 2030 $153.07 Billion
Compound Annual Growth Rate 8.1%
Regions Covered Global

For more information about this report visit https://www.researchandmarkets.com/r/c9pp3m

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Attachment
Global Bicycle Market