Bicycle Market Overview:
The research " bicycle market trends " seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global Bicycle Market by Product Type, End Users/Application, Key Manufacturers , and Several Key Regions.
Bicycle Market Scope:
The research focuses on the report's growth prospects, constraints, and market analyses. The research employs Porter's five forces analysis of the Bicycle industry to assess the impact of several variables on Bicycle market trends, including supplier bargaining power, competitor competitive intensity, the threat of alternatives, buyer power etc.
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Dynamics:
Growing demand for both general and sports bicycles is anticipated due to increased use of bicycles in leisure and trekking activities as well as an increase in cycling contests. Market expansion is anticipated to be fueled by the rising significance of celebrity endorsements and increased media coverage of such events. Additionally, regulatory bodies in European nations support road racing, leisure and touring cycling, track racing, and off-road racing competitions like Cycling Ireland. The Irish Sports Council reports that Sport Ireland increased its support for Cycling Ireland from EUR 292,500 in 2017 to EUR 440 000 in 2021, enticing people to take part in a range of cycling events in Ireland.
Segmentation:
By Type, the market was dominated by electric bikes in 2021, accounting for market. This is because electric motorcycles are becoming more and more popular in important nations like Japan, China, the United States, and the Netherlands. This is so that hauling heavy loads and travelling about are made easier by electric motorcycles. As a result, the postal service is converting to using electric bikes for transportation. Additionally, these bicycles help with punctual arrival at the destination, petrol cost savings, and weight reduction. The bicycle market in these nations is expanding as a result of this growth.
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Key Competitors:
Giant Bicycles Inc.
Atlas Cycles Ltd
Derby Cycle Holding GmbH
Trek Bicycle Corporation
Avon Cycles Ltd.
Zhonglu Co., Ltd
Accell Group NV
Tube Investments of India Limited
Regional Analysis:
Our analysts have also studied the global Bicycle market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
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Key Questions Answered in the Bicycle Market Report are:
- What will be the CAGR of the Bicycle market during the forecast period (2021-2029)?
- Which segment emerged as the leading segment in the Bicycle market in 2021?
- Which are the key players in the Bicycle market?
- What key trends are likely to emerge in the Bicycle market in the forecast period?
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