$80 Billion Global Bicycle Market Analysis and Forecast to 2027 – This is Ardee
The latest research study “Bike market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,by IMARC Group, finds that the global bicycle market size reached approximately US$58 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$80 billion from by 2027, posting a CAGR of 5.6% in 2022-2027.
Impact of Covid-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
A bicycle is a two-wheeled pedal vehicle with brakes, drive chain, seat, rack and handlebars. It helps reduce body fat levels and improve a cyclist’s posture and limb coordination. In addition to this, it helps reduce anxiety and depression, prevent several diseases and increase cardiovascular fitness, flexibility, muscle strength and joint mobility. As a result, cycling is one of the preferred modes of transport for covering shorter distances.
Global Bike market Trends and Drivers:
The rising prevalence of obesity, diabetes, and other lifestyle-related diseases is driving the growing adoption of bicycles, especially among the millennial population. This represents one of the key factors driving the demand for bicycles globally. Additionally, increased traffic congestion and minimal availability of parking spaces increase overall product sales. Also, the emerging trend of dockless bike-sharing systems integrated with Global Positioning Systems (GPS) is creating favorable market prospects. Additionally, the introduction of e-bikes is expected to boost the market.
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Global Bike market Analysis and segmentation 2022-2027:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Accell Group NV, Avon Cycles Ltd., Benno Bikes LLC, Cervélo (Pon Holdings BV), Dorel Industries Inc., Giant Manufacturing Co. Ltd., Kona Bicycle Company, Merida Industry Co. Ltd., Olympus Bikes, SCOTT Sports SA ( Youngone Corporation), Specialized Bicycle Components Inc. and Trek Bicycle Corporation (Roth Distributing Co. Inc.).
The report has segmented the market based on region, type, technology, price, distribution channel, and end-user.
Breakdown by type:
- Road bike
- Mountain bike
- hybrid bike
Breakdown by technology:
Breakdown by price:
- Low end
Breakdown by distribution channel:
- Online stores
- Offline stores
Breakdown by end user:
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.
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