Bicycle Pedals Market: 3-Key Growth Scenarios

Bicycle Pedals Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Bicycle Pedals Market Study" explored substantial growth in Asia Pacific and CAGR of 4.21%. According to the report, Adoption of Bicycles with Pneumatic Tires and continues Technological Advancements in Bicycle Parts is one of the primary growth factors for the market. Growing Number of International Cycling Events and Racing Events is also expected to contribute significantly to the Bicycle Pedals market. Overall, Mountain Bike applications of Bicycle Pedals, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online, is boosting the Bicycle Pedals market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Bicycle Pedals market identified that the demand is rising in many different parts of the world as "Favorable Government Regulations and Standards for Bicycle Manufacturing ". Furthermore, some recent industry insights like "On 25th June 2018, after a passionate and fruitful partnership for more than 4 years among the French manufacturers and the Britany team, LOOK Cycle and the FORTUNEO-SAMSIC cycling team has terminated their partnership which was effective from the same day." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Bicycle Pedals market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bicycle Pedals market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales