Bicycle Market Revenue Projected at USD 135.63 Billion by 2030

Bicycle Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Bicycle Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Bicycle market, with forecasts outspreading to the year 2030.

The world’s bicycle market is experiencing a creative and dynamic boom. People’s travel habits are changing, leading them to choose more environmentally friendly and health-conscious ways of getting about, which is driving up demand for bicycles. Bicycles are becoming more and more popular as a cleaner alternative to cars as people become more environmentally conscious. The COVID-19 pandemic has also made people more cautious and socially separating from one another. Bicycles are becoming a more popular form of transportation for city dwellers and fitness fanatics alike since they are convenient, sustainable, and fun.

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Bicycle Market Scope and Methodology:

Safety and performance in cycling are improving significantly as artificial intelligence (AI) becomes more and more integrated into the sport. Using V2X technology, the ‘Coalition for Cyclist Safety,’ established in 2023 by top firms like BMC, Bosch, Shimano, and Trek, aims to improve road safety for cyclists. Important information like traffic conditions and risks may now be transmitted more easily thanks to Vehicle-to-Infrastructure (V2X) connection. This also applies to motorcycles. By 2026, Canyon hopes to incorporate this technology into a few different e-bike models. These models will have features like alert systems for other cyclists in the vicinity and possible safety measures like preventing cars from opening their doors when a rider is approaching.

Artificial intelligence has made its way into the world of professional cycling, most notably in the creation of meal plans for teams like Jumbo-Visma during

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Bicycle Market Regional Insights

Several measures are employed to predict the market’s future prospects. Buyer-direct transactions, research and development projects, innovative company practices, and market mergers and acquisitions are some examples. It includes plans, organizational charts, portfolios, and a critical review of top corporate executives. The market has undertaken a thorough SWOT and PESTLE analysis to guarantee that it identifies both market trends and microeconomic drivers.

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Bicycle Market Segmentation :

by Product
Mountain Bikes
Hybrid Bikes
Road Bikes
Cargo Bikes
Others

In 2023, road bicycles held a dominant position in the bicycle market’s product segment. Road bicycles are the most popular type of bicycle on the market because of its efficiency, adaptability, and widespread use by riders of all skill levels. These bikes are perfect for long-distance riding, fitness, racing, and commuting because they are made with speed and efficiency on paved roads in mind. Technological progress has resulted in the creation of aerodynamic designs and lightweight materials that improve speed and agility. The growing popularity of cycling as a competitive and leisure activity has also increased demand for high-performance road bikes.

by Design Folding
Regular

Considering Design In 2023, the bicycle market’s design segment was dominated by the Regular subsegment. because of its broad appeal, adaptability, and simplicity. Traditional bicycle designs are included in this category because they are well-known and practical. They cater to a wide range of users, including commuters, enthusiasts, and casual riders, by offering a dependable mode of transportation and leisure.

by Technology

Electric
Conventional

by End-User
Men
Women
Kids

by Distribution Channel
Online
Offline

Bicycle Market Key Players :

North America
1. Specialized Bicycle Components, Inc.
2. Yeti Cycles
3. Kent Outdoors
4. Pivot Cycles
5. Intense Cycles
6. Diamondback Bicycles
7. Matthews Bicycle
8. LeMond
9. W.A.R Bikes

Europe
10. Origine Cycles
11. Pierer Mobility
12. Canyon Bicycles
13. Brompton Bicycle
14. Moustache Bikes
15. Colnago
16. Cross
17. Econic One
18. Pelago Bicycles

APAC
19. La Bicycle
20. Merida Industry Co., Ltd.
21. Hero Cycles Ltd.
22. BSA Cycles Ltd.
23. KHS Bicycles
24. Velotric Bike

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Key questions answered in the Bicycle Market are:

What is Bicycle ?
What is the growth rate of the Bicycle Market?
What was the Bicycle Market size in 2023?
What are the upcoming opportunities and trends for the Bicycle Market?
What are the different segments of the Bicycle Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Bicycle Market?
What segments are covered in the Bicycle Market?
Which are the factors expected to drive the Bicycle Market growth?
What growth strategies are the players considering to increase their presence in Bicycle ?
Who are the leading companies and what are their portfolios in Bicycle Market?
Who are the key players in the Bicycle market?
What is the CAGR at which the Bicycle market will grow during the forecast period?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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