A bicycle or a bike is a manually-powered or peddle-drive, motor-powered vehicle with two wheels that are attached to frames, one behind the other. There are different components associated with a bicycle including axle, bar ends, belt-drive, cable-guide, dynamo, brake, bearing, bell, etc. Since its first model, bicycle has evolved significantly with better designs, comfort, driving experience and overall appearance. Bicycles are used for various activities such as mountain bike, road bike, city bike, electric bike, children bike, and others such as freight bike, ice bike, and more.
Market Dynamics
Increasing use of bicycle as part of fitness activities and fun are expected to drive growth of the global bicycle and components market during the forecast period. As bicycle offers various physical and mental benefits and with growing consumer acceptance of bicycles to enhance health activities, its demand has increased significantly in the recent past. Apart from health and wellness, bicycle has been used for transportation and recreational activities, which in turn, is expected to drive the global bicycle and components market growth over the forecast period. Furthermore, growing bicycle sharing platforms across the globe is expected to drive the market in the near future. For instance, In October 2017 Self-drive car Rental Company Zoomcar has launched PEDL, which is a bicycle renting services in India announced that they are starting their bike renting service in Bangalore, Chennai and Kolkata and are planning to deploy 10,000 bicycles across these cities in 2017. Owing to these factors the demand for bicycle and component are expected to grow during the forecasted period 2019-2027.
Market Taxonomy
This report segments the global bicycle and component market on the basis of application the market is segmented into, mountain bike, road bike, city bike, electric bike, children bike and others. On the basis of technology, the global bicycle and component market is segmented into, continuous fiber composites, discontinuous fiber composites and metals. On the basis of component, the market is segmented into rims, frames, saddles and other components.
Key features of the study:
Detailed Segmentation:
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Table of Contents
*Browse market data tables and figures on "Bicycle and Components Market - Global forecast to 2027”.
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