Market Highlights: In the era of post covid situation many fitness enthusiasts sifted to Bicycling as an alternative to closed Gyms and to maintain social distancing norms. Road riding, time trailing, cyclo-cross, mountain biking, street cycling, BMX, and cycle speedway are some of the different types of bicycle racing. Artistic riding, cycle polo, freestyle BMX, and mountain bike trials are examples of non-racing cycling events. However, all the cycling activities involves exposure to surrounding risks, bicycle safety gears provide effective protection from any uncertain risk to a rider. Bicycle Safety Gear includes components responsible to cover specific body parts viz. Head, Elbow, Eyes among the others. Factors such as rising safety awareness and growing demand for bicycles has facilitated demand for bicycle safety gear market which id expected to further grow. The market study is being classified by Type (Helmet, Eyewear, Guards or Caps, Gloves (Arm, Elbow, Knee, Ear) and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Bicycle Safety Gear are Melon World GmbH (Germany), TSG (Switzerland), Atlas Helmets (Sweden), Aurora Sports Limited (China), Bell Sports Inc (United States), Hopus Technology (Taiwan), Briko Racing (United States), Mongoose (United States), Casco International GmbH (Germany), Co-Union Industry Co. Ltd (Taiwan) and Lumos (United States).
Major Market Development Highlights On 9th April, 2021 - Holding company Eldridge Industries Announced its Acquisition of G-Form (Bicycle Protective Gear Company), this Acquisition is Aimed to Expand G-Form’s Product Offering Across Mountain Biking, Skiing, And Snowboarding, In Addition to Several Team Sports. On 2nd January, 2020 - LIVALL Introduced their Latest Smartphone-Connected Cycling Safety Helmet “LIVALL BH51M Neo” at 2020 International CES. LIVALL BH51M Neo helmet is A Quantum Leap Forward in Safety and Security for Cyclists, With Smart Lighting, Hands-Free Operation, Fall Prevention, Voice Navigation, SOS Warning, And More. and On 7th February, 2021 - TSG Launched its Summer '21 Helmets, Bicycle Protection Gear, Gloves & Apparel. This New Range of Gear Is Designed and Engineered to Provide Style, Comfort, Design, Technology And, Above All, Safety to Its Users.
Key Questions Answered in the Report What will the Bicycle Safety Gear Market size and the growth rate be in Future? What are the key factors driving the Bicycle Safety Gear Market? What are the key market trends and macro-economic impacting the growth of the Bicycle Safety Gear Market? What are the challenges to market growth? Who are the key vendors in the Bicycle Safety Gear Market? What are the market opportunities and threats faced by the vendors in the Bicycle Safety Gear Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Bicycle Safety Gear Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bicycle Safety Gear market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bicycle Safety Gear market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bicycle Safety Gear Manufactures, New Entrants and Investors, Bicycle Safety Gear Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.