Bicycle Market is expected to witness Incredible Growth during 2021-2031 | Trek, Specialized, Giant, Cannondale, Raleigh, Diamondback, Schwinn

Global Bicycle Market report from Global Insight Services is the single authoritative source of intelligence on Bicycle Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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.

Covid-19 Impact

The pandemic has had a significant impact on the bicycle industry. The industry was already struggling due to increased competition from e-bikes and scooters, and the pandemic has only made matters worse. Many bicycle manufacturers have had to lay off workers or even close their doors entirely. The pandemic has also caused a decrease in demand for bicycles, as people are either working from home or are afraid to go outside. This has resulted in a decrease in revenue for the industry as a whole.

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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.

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.

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

Key Players

  • Trek
  • Specialized
  • Giant
  • Cannondale
  • Raleigh
  • Diamondback
  • Schwinn
  • Kona

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