What is Bike Panniers Market?
Panniers are bags, baskets, or other similar containers used to transport items such as shoes, clothes, lunch, files & folders, laptops, and so on. Bicycle panniers are typically supplied in pairs and are capable of carrying hefty loads for days or even weeks on end. Bike panniers can also be put on the back wheel of the bicycle. Bike panniers offer numerous benefits. Bike panniers transfer weight off the back, neck, shoulders, or body to the bike frame, making the ride more pleasant and pain-free. Bike panniers also help to maintain a low center of gravity, allowing for better control of the bike. These panniers are used by bikers when traveling for long distances and when you need to transport a lot of things at once. With the growing popularity and trend of biking the market for bike panniers is going to increase. Bike panniers are frequently used for carrying items in the most practical manner; they are also water-resistant and capable of withstanding long-term exposure to heat, cold, and sunlight.
The market study is being classified by Type (Roll-Top Bicycle Panniers and Bucket Style Bicycle Panniers) and major geographies with country level break-up.
Thule group (Sweden), Arkel (India), Carradice of Nelson Ltd (United Kingdom), Jandd Mountaineering, Inc (United States), MAINSTREAM MSX (Germany), Lone Peak (United States), North St. Bags (United States), Brooks England SRL (United Kingdom), Vaude (Germany) and OrtliebSportartikel (Germany) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Bike Panniers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bike Panniers market by Type, Application and Region.
On the basis of geography, the market of Bike Panniers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Several Advantages Related to Bike Panniers
- Growing Popularity of Riding and Biking
Market Trend
- Rising Demand for Waterproof Panniers
Opportunities
- Growth Opportunities in Untapped Market
Challenges
- Several Players in the Market
Key Target Audience
Manufacturers of Bike Panniers, Suppliers of Bike Panniers, Wholesalers, Distributors and Retailers ofBike Panniers, End Users, Raw Material Providers and Others