Bicycle Market
Bicycle Market by Type (Cargo Electric Bike, Non-cargo Electric bike, Cargo Nonelectric Bike, and Non-cargo Nonelectric Bike), Sales Channel (Online Platforms and Physical Stores), and End User (Men, Women, and Kids): Global Opportunity Analysis and Industry Forecast 2021–2027
GLOBAL OPPORTUNITY AND FORECAST 2021- 2027
BICYCLE MARKET ANALYST REVIEW
increase in interest among people in bicycle events and surge in participation in sports & leisure activities are expected to boost growth of the bicycle sportswear market. Furthermore, upsurge in disposable income is expected to favor increase in sales of non-cargo electric bikes. Shankar Bhandalkar Team Lead, Consumer Goods at Allied Market Research
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CURRENT AND FUTURE MARKET SCENARIO
• The global bicycle market size was valued at $ 20,280.0 million in 2019. • The bicycle market analysis the market is estimated to reach $ 28,667.3 million by 2027. • The bicycle market forecasted a growing CAGR of 4.8% from 2021 to 2027.
• E-commerce as an industry vertical is expected to dominate the global warehouse robotics market from 2017 to 2023. • The non-cargo electric bike segment was the highest contributor to the market, with $12,712.4 million in 2019.
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BICYCLE MARKET SEGMENTATION
BY TYPE • Cargo Electric bike • Non-Cargo Electric bike • Cargo Nonelectric bike • Non-cargo Nonelectric bike
By Sales Channel • Online Platforms • Physical Stores
BY END-USER • Men • Women • Kids
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The physical stores segment dominated the market in 2019
The men segment exhibited the highest growth in 2019, generating revenue of $8,990.5 million, and is estimated to reach $12,301.8 million by 2027
The non-cargo electric bicycle market segment was the highest contributor to the market, with $12,712.4 million in 2019
GEOGRAPHICAL OVERVIEW
• Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Asia-Pacific has gained considerable traction in the bicycle market growth, and is expected to grow with 6.40% CAGR during the forecast period. • This is attributed to emerging trends and preference toward bicycles in China, Japan, and India. Request PDF Sample Copy @https://www.alliedmarketresearch.com/request-sample/8140
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • Accell Group • Cervélo • Dorel Industries Inc. • Giant Bicycles • Merida Industries Co. Ltd. • Olympus Bikes • Scott Sports SA • Specialized Bicycle Components Inc. • Trek Bicycle Corporation • Kona Bicycle Company. Request PDF Sample Copy @https://www.alliedmarketresearch.com/request-sample/8140
A Report Titled “Bicycle Market-Opportunities And Forecast, 2021-2027” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective.
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