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Global Market Study on Bicycles: Hybrid Product Type Segment Estimated to Hold Around 40% Market Share by 2024 End

Report Description

Persistence Market Research offers an eight year forecast for the global bicycle market between 2016 and 2024. The foremost objective of the report is to present insights on technological advancements in the global bicycle market. The report provides updates on drivers, restraints, opportunities and various regional trends in the global bicycle market. The study provides market dynamics that are expected to influence current global bicycle sales and future prominence of the global bicycle market over the forecast period.

The reports starts with market overview and provide market definition and taxonomy of the global bicycle market. The overview section thus presents the market dynamics which include market drivers, restraints, opportunities and trends followed by value chain analysis and pricing analysis. Moreover, this section also covers the brief global market forecast indicating the Y-o-Y projections and incremental opportunity over the forecast period.

The next section of the report covers the detailed market share analysis, Y-o-Y growth and market attractiveness analysis on the basis of segments such as product type, technology, end user, price and regions. A section of the report also highlights the country wise bicycle demand. This section of the report provides market outlook for 2016-2024 and sets the forecast within the context of the report, including new technology advancement as well as high demand of bicycles in various regions for recreational and leisure activities.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view and a market structure. Detailed profiles of manufacturers along with appendix are also included within the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the bicycle market. Market participants in global bicycle market include Giant Bicycle Inc., Atlas Cycles Ltd., Derby Cycle, Avon Cycles Ltd., Trek Bicycle Corporation, Zhonglu Co. Ltd., Tube Investment of India Limited, Accell Group, Dorel Industries Inc., Merida Industry Co. Ltd., Tandem Group plc., and Samchuly Bicycle Co, Ltd.

Key Segments Covered

By Product Type

  • Sports
  • Road
  • Mountain
  • Hybrid

 By Technology

  • Conventional
  • Electric

 By End User

  • Men
  • Women
  • Kids

 By Price

  • Premium
  • Mid-range
  • Low Range

 By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Research methodology

To ascertain global bicycle market size, we have also considered revenue generated by major manufacturers. The forecast presented here assesses the total revenue by value and volume across the global bicycle market. The forecast presented in the report evaluates the total revenue that is expected to be generated across the global bicycle market over forecast period (2016–2024). When developing the market forecast, the starting point involves sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape during the forecast period. Given the characteristics of the market, Persistence Market Research has triangulated the data on the basis of various analysis based on both supply side and demand side.

A detailed analysis has been provided for every segment in terms of market size analysis for the global bicycle market. It is vital to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR, but also analyze the same on the basis of key parameters such as, year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players.

Another key features of this report is the analysis of all segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as identify potential resources from a sales and delivery perspective in the global bicycle market. In addition to this, we have also provided list of key market players in the global bicycle market report.

Electric bicycles will exhibit the highest growth potential and are the best bet for the global bicycle market in the future

The first task done by the Persistence Market Research analysts was to segment the global bicycle market. Accordingly, the market has been segmented into five segments namely by product, by technology, by end user, by price and by region. To calculate the market size, bicycle production trends and forecast across geographies and studies of bicycle sales volumes and historical trends were undertaken. Global bicycle market trends across geographies were also studied to arrive at trends such as the rapid industrialization and the introduction of new materials that are extremely light but very strong and have transformed the bicycle manufacturing industry. The new technology and advanced methodology used for the manufacturing of bicycles has found increasing application in the manufacturing of sports and mountain bicycles. As per Persistence Market Research analysts, the electric bikes segment is also showing a robust growth during the forecast period due to the various environment benefits that it offers. Also, the growth of conventional bicycles will be low as compared to the electric segment.

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