High-End Bicycle Market to Record 5% CAGR due to Growing Disposable Income | Technavio
NEW YORK, June 27, 2022 /PRNewswire/ -- Technavio has been monitoring the High-End Bicycle Market size and it is expected to grow by USD 3.88 billion at a CAGR of 5.00% during the forecast period. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Buy the sample report now!
The growing popularity of e-commerce, the surging adoption of e-bikes, and rising disposable income are some of the prominent factors offering immense growth opportunities. However, high maintenance of e-bikes, strong dominance of vehicles, and increasing preference for bicycle rentals will challenge the growth of the market participants.
High-End Bicycle Market Segmentation
Product
Hybrid Bikes
Mountain Bikes
Road Bikes
Track Bikes
Others
Distribution Channel
Offline
Online
Geography
North America
Europe
APAC
South America
MEA
The segment of hybrid bikes will significantly increase its market share in high-end bicycles. Due to their stability, comfort, and ease of use, hybrid bikes have become incredibly popular with commuters, cyclists, casual riders, and kids. Additionally, hybrid bicycles feature a more upright riding position that increases comfort and safety when riding through traffic. It is also anticipated that the growing interest in hybrid bicycles among sports fans would support the segment's expansion.
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Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The high-end bicycle market report covers the following areas:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants.
Backed with competitive intelligence and benchmarking, our research reports on the high-end bicycle market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Latest Sample Report.
High-End Bicycle Market Key Highlights
CAGR of the market during the forecast period
Detailed information on factors that will assist high-end bicycle market growth during the next five years
Estimation of the high-end bicycle market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the high-end bicycle market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of high-end bicycle market vendors
High-End Bicycle Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 5.00%
Market growth 2021-2025
$ 3.88 billion
Market structure
Fragmented
YoY growth (%)
4.92
Regional analysis
North America, Europe, APAC, South America, and MEA
Performing market contribution
APAC at 33%
Key consumer countries
US, China, Germany, UK, France, and Japan
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
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.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis 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.
Table Of Contents :
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Leisure products
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2025
Exhibit 06: Global - Market size and forecast 2021 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2021 - 2025 (%)
4 Five Forces Analysis
4.1 Five forces analysis 2021 & 2025
Exhibit 08: Five forces analysis 2021 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2021
5 Market Segmentation by Product
5.1 Market segments
Exhibit 15: Product - Market share 2021-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Hybrid bikes - Market size and forecast 2021-2025
Exhibit 78: Grimaldi Industri AB - Product and service
Exhibit 79: Grimaldi Industri AB - Key offerings
11.9 Klever Mobility Europe GmbH
Exhibit 80: Klever Mobility Europe GmbH - Overview
Exhibit 81: Klever Mobility Europe GmbH - Product and service
Exhibit 82: Klever Mobility Europe GmbH - Key offerings
11.10 Merida Industry Co. Ltd.
Exhibit 83: Merida Industry Co. Ltd. - Overview
Exhibit 84: Merida Industry Co. Ltd. - Business segments
Exhibit 85: Merida Industry Co. Ltd. - Key news
Exhibit 86: Merida Industry Co. Ltd. - Key offerings
Exhibit 87: Merida Industry Co. Ltd. - Segment focus
11.11 Specialized Bicycle Components Inc.
Exhibit 88: Specialized Bicycle Components Inc. - Overview
Exhibit 89: Specialized Bicycle Components Inc. - Product and service
Exhibit 90: ?Specialized Bicycle Components Inc. - Key news
Exhibit 91: Specialized Bicycle Components Inc. - Key offerings
11.12 Trek Bicycle Corp.
Exhibit 92: Trek Bicycle Corp. - Overview
Exhibit 93: Trek Bicycle Corp. - Product and service
Exhibit 94: Trek Bicycle Corp. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Currency conversion rates for US$
Exhibit 95: Currency conversion rates for US$
12.3 Research methodology
Exhibit 96: Research Methodology
Exhibit 97: Validation techniques employed for market sizing
Exhibit 98: Information sources
12.4 List of abbreviations
Exhibit 99: List of abbreviations
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