What is Recumbent Trike Market?
The recumbent trike products are for those people who have knowledge about bicycles as well as enjoy customizing their ride. Recumbent trike riders are most likely weekend explorers that are looking for a fun way to fitness and other purpose. In addition, the one of the most expected users are middle aged road cyclists that are looking for a change in their riding position as well as a different way to cycle.
Highlights from Recumbent Trike Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ICE Recumbent Trikes (United Kingdom), TerraTrike (United States), Challenge Recumbents (Netherlands), HP Velotechnik (Germany), ICE Trikes (United Kingdom), Catrike (United States), Sun Bicycles (United States), Trident Trikes (United States), Hase Bikes (German), Greenspeed (Australia), Bachetta (United States) and Lightfoot Cycles (United States) |
The global recumbent trike market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Recumbent Trike market throughout the forecasted period.
ICE Recumbent Trikes (United Kingdom), TerraTrike (United States), Challenge Recumbents (Netherlands), HP Velotechnik (Germany), ICE Trikes (United Kingdom), Catrike (United States), Sun Bicycles (United States), Trident Trikes (United States), Hase Bikes (German), Greenspeed (Australia), Bachetta (United States) and Lightfoot Cycles (United States) are some of the key players profiled in the study. Recumbent Trike Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Adventure, Exercise and Others |
Type | Delta Recumbent Trikes and Tadpole Recumbent Trikes |
On the basis of geography, the market of Recumbent Trike has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Recumbent Trike
Market Growth Drivers:
Increasing usage of Recumbent Trike in various application and Increasing Awareness regarding Fitness
Challenges:
High Cost of Raw Material
Restraints:
Stringed Rules and Regulation
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Key Target Audience
Recumbent Trike Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
Market Leaders & Development Strategies
In an effort to introduce the infectiously entertaining world of recumbent trikes into the cycling mainstream, WizWheelz, Inc., the company behind TerraTrike and the distributor of KMX Karts, has acquired the Australian trike brand GreenSpeed
the debut of HP Velotechnik Planetary gears allow the Trekking Automatiq to adjust the gear ratio steplessly in addition to automatically. The rider may always pedal with the same leg force thanks to this, which offers the highest level of shifting comfort