Subject: MRR
Bicycle Bags Market size to grow by USD 31.65 mn | Arkel and ASG International SRL Among Key Vendors | Technavio
NEW YORK, Dec. 1, 2021 /PRNewswire/ -- North America will dominate the bicycle bags market during the forecast period. The market size is expected to increase by USD 31.65 mn from 2021 to 2026, accelerating at a CAGR of 4.07%.
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Market Dynamics
Factors such as growing disposable incomes and government initiatives to promote cycling will be crucial in driving the growth of the bicycle bags market. However, the presence of counterfeit products and stringent government regulations for procuring raw materials such as leather will restrict the market growth.
Company Profiles
The bicycle bags market report includes information on the product launches, sustainability, and prospects of leading vendors. Some of these vendors include Arkel, ASG International SRL, Axiom Cycling Gear, Basil BV, ORTLIEB Sportartikel GmbH, Thule Group AB, TOPEAK Inc., Trek Bicycle Corp., VAUDE Sport GmbH and Co. KG, and Vista Outdoor Inc.
For more information about the various vendors emerging in the market, Read Our Free Sample Report
Competitive Analysis
The competitive scenario provided in the bicycle bags market report examines, assesses, and positions companies based on various performance indicators. A few of the factors considered for this analysis include the financial performance of companies over the last few years, product innovations, growth strategies, new product launches, investments, growth in market share, etc.
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Market Segmentation
- Based on distribution channel, the market is classified into offline and online. The offline segment will contribute the largest share of the market.
- Based on geography, the market is classified into North America, Europe, APAC, South America, and MEA. North America is expected to have the largest share of the market.
Regional Analysis
Technavio's market forecast report includes detailed information on the competitive intelligence, marketing gaps, and regional opportunities for vendors to assist organizations in creating efficient business plans. According to our analysis, 42% of the market's growth is expected to originate from North America during the forecast period. The US and Canada are the key countries for the bicycle bags market in the region. Factors such as growth of the online sales channel and the availability of import options in North America will drive the bicycle bags market growth in the region.
Related Reports
- Folding Electric Bicycle Market: The folding electric bicycle market has been segmented by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA). Download Free Sample Report
- Folding Bike Market: The folding bike market has been segmented by type (manual and electric) and geography (Europe, APAC, North America, South America, and MEA). Download Free Sample Report
Bicycle Bags Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.07% |
Market growth 2022-2026 | USD 31.65 million |
Market structure | Fragmented |
YoY growth (%) | 3.60 |
Regional analysis | North America, Europe, APAC, South America, and MEA |
Performing market contribution | North America at 42% |
Key consumer countries | US, Germany, UK, France, and Canada |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Arkel, ASG International SRL, Axiom Cycling Gear, Basil BV, ORTLIEB Sportartikel GmbH, Thule Group AB, TOPEAK Inc., Trek Bicycle Corp., VAUDE Sport GmbH and Co. KG, and Vista Outdoor Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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