Market Overview

Global Bicycle Market 2018-2022 | On-road and Track Bikes Segment Dominates the Global Market | Technavio

Share:

According to the latest market research report released by Technavio,
the global bicycle market is expected to accelerate at a CAGR of almost
4% during the forecast period. The growing adoption of bicycles due to
increasing fuel prices is one of the key factors triggering the growth
of the market.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180822005292/en/

Technavio has published a new market research report on the global bicycle market from 2018-2022. (G ...

Technavio has published a new market research report on the global bicycle market from 2018-2022. (Graphic: Business Wire)

This research report titled ‘Global
Bicycle Market 2018-2022
' provides an in-depth analysis of the
market in terms of revenue and emerging market trends. It also includes
an up-to-date analysis and forecasts for various market segments and all
geographical regions.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

The market research analysis categorizes the global bicycle market into
the following products:

  • On-road and track bikes
  • Off-road bikes
  • X-road and hybrid bikes

In 2017, the on-road and track bikes segment accounted for 46.91% of the
global market and is projected to reach 47.12% by 2022, exhibiting
almost 0.21% increase in market share. While the off-road bikes segment
is expected to display a slight decline in market share, the x-road and
hybrid bikes segment is anticipated to exhibit the highest increase in
market share over the next four years.

Global bicycle market: Top emerging trend

Technological advances in bicycles industry is an emerging trend in the
bicycle market. The bicycle companies in the market are launching
innovative bicycles and accessories, which will lead to a significant
market growth. Technological developments have been witnessed in bicycle
lights because these lights increase the visibility range of the riders,
enhancing safety. For instance, Helios launched handlebars with built-in
LED headlights that can be fitted to any bicycle. Such innovative use of
LED in handles and pedals are some of the features that are expected to
drive the market during the forecast period. Moreover, the introduction
of laser in front light helps in projecting 15 meters down the road to
alert the cyclists, thereby increasing safety. The laser light is
preferred over normal lights as it provides 300 lumens of brightness.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio's report provides expert market research on the following
topics:

Executive Report

  • Market Outline
  • Global Bicycle Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries
  • Market segmentation by product (on-road and track bikes, off-road
    bikes, and x-road and hybrid bikes)
  • Market segmentation by end-user (adults and children)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (Accell Group, Dorel Industries, Giant
    Bicycle, GUANGDONG TANDEM INDUSTRIES, Insera Sena, and MERIDA)

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View Comments and Join the Discussion!