According to a new market research report published by Global Insight Services” Bicycle Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Bicycles have come a long way since their invention in the early 1800s. Today, there are many different types of bicycles available to suit the needs of different riders. Bicycles can be equipped with a variety of different technologies to make them more efficient, comfortable, and safe.
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Key Players
- Trek
- Specialized
- Giant
- Cannondale
- Raleigh
- Diamondback
- Schwinn
Key Trends
- Bicycles are becoming more and more lightweight. This is thanks to advances in materials and manufacturing methods.
- Bicycles are becoming more and more aerodynamic. This is thanks to advances in design and engineering.
- Increasing use of carbon fiber. Carbon fiber is an incredibly strong and lightweight material that is perfect for bicycles. Carbon fiber bicycles are often lighter and faster than their aluminum or steel counterparts.
- Increasing use of disc brakes. Disc brakes provide better stopping power than traditional rim brakes, making them ideal for mountain biking and downhill racing.
Key Drivers
There are a few key drivers of the bicycle market:
Firstly, there is an increasing awareness of the health benefits of cycling. This has led to more people taking up cycling as a form of exercise, which in turn has increased the demand for bicycles.
Secondly, the price of gasoline has been on the rise in recent years, making cycling a more cost-effective form of transportation. This has made bicycles more attractive to commuters and leisure cyclists alike.
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Market Segments
By Product
- Mountain Bikes
- Hybrid Bike
- Road Bike
- Cargo Bike
- Others
By Technology
- Electric
- Conventional
By End-User
- Men
- Women
- Kids
By Distribution Channel
- Online
- Offline
Reasons to buy Bicycle Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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