Road Bikes Market Scope
Road Bike also is known as road bicycle is a bike which is designed for road cycling. Though it is not comfortable to ride, the speed is the main feature of the road bike. Under certain regulations led down by the government, the design of the bicycle has been crafted. The market of road bikes is rising because of the increasing environmental issues regarding the fuel consumption and other. Moreover increasing government support for the pollution free bikes is also playing major role in market rising of the road bike
According to AMA, the Global Road Bikes market is expected to see growth rate of 4.2% and may see market size of USD35.9 Billion by 2026.
Electric bicycles continue to win over conventional bicycles, in terms of both supply and demand Research Analyst at AMA estimates that United States, Indian and Chinese Vendors will contribute to the maximum growth of Global Road Bikes market throughout the predicted period.
Giant Bicycles Inc. (China), Atlas Cycles Ltd. (India), Derby Cycle Holding GmbH (Germany), Trek Bicycle Corporation (United States), Avon Cycles Ltd. (India), Zhonglu Co., Ltd. (China), Tube Investments of India Limited (India), Dorel Industries Inc. (Canada), Merida Industry Co., Ltd. (China), Tandem Group plc (United Kingdom), Samchuly Bicycle Co., Ltd. (South Korea), F.I.V.E. Bianchi S.p.A. (Italy) and Specialized Bicycle Components (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hero Cycles (India), Fuji Bikes (United States), Xidesheng Bicycle (China) and Accell (Netherlands).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Road Bikes market by Type (On-road and Track bikes), by Application (Trekking and Recreational Activity) and Region with country level break-up.
On the basis of geography, the market of Road Bikes 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).
Market Leaders and their expansionary development strategies
Accell Group has successfully completed the expansion of its minority stake in Velosophy BV to 100%. With the acquisition, Accell Group accelerates its innovation strategy
Accell group strengthens position in 'urban mobility' market with acquisition (e-) cargo bike specialist velosophy
Market Trend
- Popularity of dockless bicycle sharing systems is rising
- Increase in the use of folding electric bicycles and demand for bicycles by improving safety features and appearance
- Growth of the electric segment can be attribute to the fact that electric bicycles are easy to operate
Market Drivers
- Due to intensifying traffic congestion issue and increasing fuel prices
- Among consumers, there is growing health concerns issue
- Increasing government support encouraging adoption of bicycles in developed as well as developing economies
Opportunities
- The key competitors are launching innovative bicycles and accessories, which will lead to increasing market growth
Restraints
- Lack of the infrastructure which are necessary to support and encourage commutation of bicycle
Challenges
- Expenses with biking
- Other substitutes available for biking or in place of biking
Key Target Audience
Manufacturer, Sub component manufacturer, Channel partners, Industry association, Downstream vendors, Government and investment communities and Research organisation and associations