What is Comfort Bikes Market?
A comfort bike is best for slow, leisurely journeys on the sidewalk. Think Sunday trips to your neighborhood market or boardwalk rides to take in the views. They may also be the right choice for drivers with back pain who need to sit in an ergonomic position for safe and pain-free driving. These offshoots of hybrid bikes are characterized by a design that puts your comfort first and at the same time enables you to travel in districts and on city streets. Like hybrid bikes, comfort bikes have padded seats and upright handlebars, but their frames are stretched so that the pedals are a little further forward and the seat is a little lower. This allows the rider to put their flat feet on the ground when stopping and to fully stretch them when pedaling.
The market study is being classified, by Application (Men, Women and Kids) and major geographies with country level break-up.
Sixthreezero (United States), Kent Bicycles (United States), Motobecane (France), Diamondback Bicycles (United States), Alton USA Corporation (United States), Raleigh America Inc. (United States), Huffy (United States), Marin Bikes (United States) and Schwinn Bicycle Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are SE Racing (United States).
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 United States Vendors will contribute to the maximum growth of Global Comfort Bikes market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Comfort Bikes market by Type, Application and Region.
On the basis of geography, the market of Comfort 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Growing Adoption of Comfort Bikes
- The Growing Traffic Congestions and Shortage of Parking Space
- The Continued Shift toward More Active Lifestyles
- Rising Disposable Income
Market Trend
- A Rise in Women’s Participation Rate
- Expansion of Distribution Channels by the Key Players
- Rapid Industrialization and the Introduction of New Materials That Are Extremely Light, But Very Strong
Restraints
- Availability of Substitutes
Opportunities
- Increasing Their Investments in Research and Development (R&D)
- Government Laws and Regulations That Implement the Provision of Subsidies for the Adoption of Bicycles
Challenges
- Lack of Awareness among Millennials
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Comfort Bikes, Suppliers and Distributors of Comfort Bikes, Venture Capitalists and Private Equity Firms and End-Use Industry