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

• This report provides an in-depth analysis of the global bicycle and component market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global bicycle and component market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key players operating in the global Bicycle and Component are Bicycle manufacturers: Giant Manufacturing Co., Ltd., Currie Technologies, Dorel Industries Inc., Trek Bicycle Corporation, Atlas Cycles (Haryana) Limited, Marin Bikes, Accell Group N.V., Merida Industry Co. Ltd., and Avon Cycles Ltd. Components Suppliers: SRAM LLC, SHIMANO INC., Mavic (Amer Sports), Campagnolo S.r.l., and SR Suntour. Materials Suppliers: BASF SE, Mitsubishi Rayon Co., Ltd., Toho Tenax, Saudi Basic Industries Corporation (SABIC), and Toray Industries, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global bicycle and component market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Bicycle and Component market.

Market Segmentation

• By Application
  • Mountain Bike
  • Road Bike
  • City Bike
  • Electric Bike
  • Children Bike
  • Others
• By Technology
  • Continuous Fiber Composites
  • Discontinuous Fiber Composites
  • Metals
• By Component
  • Rims
  • Frames
  • Saddles
  • Other Components
• By Regional Insights
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Giant Manufacturing Co., Ltd.
  • Currie Technologies
  • Dorel Industries Inc.
  • Trek Bicycle Corporation
  • Atlas Cycles (Haryana) Limited
  • Marin Bikes
  • Accell Group N.V.
  • Merida Industry Co. Ltd.
  • Avon Cycles Ltd.
  • SRAM LLC
  • SHIMANO INC.
  • Mavic (Amer Sports)
  • Campagnolo S.r.l.
  • SR Suntour.
  • BASF SE
  • Mitsubishi Rayon Co., Ltd.
  • Toho Tenax
  • Saudi Basic Industries Corporation (SABIC)
  • Toray Industries, Inc.