Bicycles Global Business Report 2023: Market to Surpass $100 Billion by 2030


Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The "Bicycles - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Bicycles Market to Reach $101 Billion by 2030

The global market for Bicycles estimated at US$60.8 Billion in the year 2022, is projected to reach a revised size of US$101 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Hybrid Bicycles, one of the segments analyzed in the report, is projected to record 8% CAGR and reach US$44.2 Billion by the end of the analysis period. Growth in the Road Bicycles segment is estimated at 4.8% CAGR for the next 8-year period.



The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 8.2% CAGR

The Bicycles market in the U.S. is estimated at US$9.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$22.6 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Attributes:

Report AttributeDetails
No. of Pages607
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$60.8 Billion
Forecasted Market Value (USD) by 2030$101 Billion
Compound Annual Growth Rate6.5%
Regions CoveredGlobal

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Pandemic Makes Bicycles Sell Like Hot Cakes: Factors Driving Boom
  • Weak Economic Environment Discourages Overall Market Sentiments
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Disruption in Public Transport Usage & Fitness Regime Patterns Drive Bicycle Mad Rush: Hammered Economy Fails to Discourage Market Prospects
  • COVID-19 Impact on Key Regional Markets
  • US Bicycle Market Pedals Fast to Reach High Terrains
  • Europe Records Notable Jump in Bicycle Sales after Easing of COVID-19 Restrictions
  • COVID-19 Pandemic Augurs Well for Indian Bicycle Industry despite Challenges
  • An Introduction to Bicycle and its Components
  • Bicycles-Bill of Material
  • Bamboo Bicycles: Take a Ride on Your Imagination
  • Bike Sharing Programs: Inculcating Interest in Cycling
  • Bicycles: Biggest Innovations Ever
  • Bicycles Market: A Prelude
  • Global Bicycles Demand Growing at Healthy Pace
  • Market Overview
  • Leading Countries Bicycle Penetration Rate as a Percentage of Total Population (2019E)
  • Bicycle Parts and Accessories: A Review
  • Pricing of Bicycles
  • Global High-End Bicycles Market (2019E): Percentage Breakdown of Revenue by Region
  • Global Bicycle Market Rallies Ahead amid COVID-19 Crisis
  • Spike in Bicycle Sale amid COVID-19 Leaves Supply Chain High & Dry Temporarily
  • Hybrid Bicycles Gaining Ground
  • Road Bicycles: Riding High on Technology Evolution
  • Mountain Bike Segment Registers Rising Demand
  • Growth Restraints
  • Cycling in Developed and Developing Countries
  • Production & Export Scenario
  • Value Exports of Bicycles by Select Country (2019E)
  • Competitive Landscape
  • Key Players in Bicycles Supply Chain
  • Bicycles Product Mix of Merida (2019)
  • Bicycles Product Mix of Giant (2019)
  • Bicycle Division Revenue Breakdown of Accell by Geographic Region (2019)
  • Bicycle Revenue Breakdown of Accell by Segment (2019)
  • Bicycle Product Mix of Accell (2019)
  • Parts Division Revenue Breakdown of Accell by Geographic Region (2019)
  • Parts Product Mix of Accell (2019)
  • Bicycles Market for New Players: Opportunities and Challenges
  • Bicycle Components Market
  • Leading Players in the Global Bicycle Components Market (2019): Percentage Value Breakdown of Sales for Shimano and Others
  • Leading Players in the Global Road Bicycle Components Market (2019): Percentage Value Breakdown of Sales for Shimano, KMC, FSA and Others
  • Leading Players in the Global Mountain Bicycle Components Market (2019): Percentage Value Breakdown of Sales for Shimano, SRAM, KMC, and Others
  • Breakdown of Shimano's Bicycle Components Sales (in %) by Geographic Region (2019)
  • Recent Market Activity
  • Select Global Brands
  • Bicycles - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

MARKET TRENDS & DRIVERS

  • Growing Focus on Traffic Congestion and Environment Issues Spur Demand
  • Bicycling: A Potential Solution to Global Warming
  • CO2 Emissions (in Billion Tons of CO2) by Select Region/Country (2019)
  • Reduction in CO2 Emissions and Energy Usage
  • Rising Usage of Bikes in Urban Areas
  • Demand for Electric Bicycles Gains Momentum
  • World e-Bike Market (2020): Percentage Breakdown of Volume Sales by e-Bike Type for City, Touring, Mountain, Folding, and Others
  • World e-Bike Market (2019): Penetration Rate (in %) for Select Countries/Region
  • Definition of E-Bicycles in Select Regions
  • Oil Production Nearing Saturation: Stimulus for Electric-Bicycles
  • 27.5 Inches: An Emerging Standard in Mountain Bikes Segment
  • Wheels Become Stronger
  • Endurance Bikes: Futuristic Trend with High Potential
  • Carbon Technology: Permeating at Faster Rate
  • Disc Brakes to Emerge as New Standard for Road Bikes
  • Tubeless Tires Gain Steady Adoption Among Road Bikes
  • Fat Tires and Rims in Vogue
  • Folding Bicycles Witness Healthy Growth
  • Initiatives Encourage Bicycle Riding
  • Novel Sophisticated Features Improve Growth Prospects
  • Rising Car Ownership Rates in Developing Countries Adversely Impact Market
  • Global Passenger Cars Market (2019): Breakdown of Number of Cars per 1000 People in Select Countries
  • Metal Prices Pressure Manufacturers
  • Transforming from Traditional Manufacturing to High-tech Industry
  • Aggressive Promotions Spur Market Penetration
  • Technological Advancements & Improvements
  • Cyclist Safety First
  • Navigation Convenience
  • Bike Security
  • Select Key Innovations-2019
  • Innovations in Bicycles Segment in the Recent Past
  • Innovative E-Bikes
  • Gearing
  • Electronic Shifting
  • "Self-filling" Bottle
  • Bicycle Seat for Elderly
  • BSMART Technology
  • Collision-warning Sensor
  • Power Generating Bicycles
  • Copenhagen Wheel
  • Bike Trainer
  • Innovative Products and Solutions
  • Innovations in Bicycling Ecosystem
  • Innovative Options for Bicycle Parking to Promote Biking
  • Innovations that Address Disaster Management Plans
  • Distribution Channels
  • Spike in Online Sales

FOCUS ON SELECT PLAYERS (Total 870 Featured)

  • Brembo SpA
  • Amer Sports Corporation
  • Canadian Tire Corporation, Limited
  • Cyclingdeal USA
  • Brompton Bicycle Ltd.
  • Cannondale Bicycle Corporation
  • Cicli Pinarello S.r.l.
  • Amer Group
  • Aucnet Inc.
  • Blooming S.R.L.
  • Asport I & W S.A .r.l.
  • Bettella Srl
  • Bicycle Line S.R.L.
  • Cala Del Forte
  • Consultrade S.R.L.

For more information about this report visit https://www.researchandmarkets.com/r/e57az8

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Bicycles Market

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