NEW YORK, Jan. 18, 2022 /PRNewswire/ -- The latest High-End Bicycle market research report, "High-End Bicycle Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025" by Technavio infers that the growing popularity of e-commerce is notably driving this market's growth.
Resulting in the market growth of USD 3.88 billion from 2020 to 2025, read additional information about the high-end bicycle market. Get a FREE sample report.
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp. among others are some of the few key vendors competing to maintain their market position in the market.
Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the high-end bicycle industry. For instance, in May 2021, the high-end bicycle company introduced the latest addition to their kid's bike fleet with Jett, an adjustable, perfectly proportional, and child-liftable bike for the next generation of riders.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
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Regional Market Outlook
APAC will contribute to 33% of the market growth during the forecast period. The growth of this region can be attributed to the availability of a large number of vendors and the growing disposable income of a major share of the population.
Apart from regions, if we look at the country-wise market growth, the US, China, Germany, UK, France, and Japan will contribute to the highest market growth.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Trends, Driving the Global High-End Bicycle Market
The main reasons for the increase in disposable income are economic recovery in developing nations and stable economic development in most rich countries. Consumers with a lot of disposable income can afford to buy high-end goods. The e-commerce industry is rapidly expanding due to the cost-effective business model used by online businesses. Online businesses' supply chain management is extremely cost-effective since it eliminates the costs involved with marketing intermediaries, allowing them to sell bicycles at a lower price than retail outlets.
Find additional information about various other market drivers & trends mentioned in our FREE sample report.
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High-End Bicycle Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.00%
Market growth 2021-2025
$ 3.88 billion
YoY growth (%)
North America, Europe, APAC, South America, and MEA
Performing market contribution
APAC at 33%
Key consumer countries
US, China, Germany, UK, France, and Japan
Leading companies, competitive strategies, consumer engagement scope
Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp.
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,
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