About Sports Bicycle
Sports bicycles are made to be fast & easy to handle on mountainous, rocky grounds as well as on smooth surfaces such as roads. These bicycles are armed with several gear as well as advanced break systems to support riders enhance their performance & experience while riding. The developments of bicycles coupled with increasing usage by people around the globe are the key factors which drives the growth of the global sports bicycle market. Many key sports bicycle manufacturers are offering advanced sports bicycles with innovative technology as well as growing health concerns among consumers is expected to boost growth of the global sports bicycle market over the coming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 5.6% |
Rossignol, is going to launch mountain bikes in the coming years. and Also, in July 2017, Bianchi & Ferrari has announced partnership and released their first collaboration bike, the SF01. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Sports Bicycle market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SCOTT Sports SA. (Switzerland), Atlas Cycles (Haryana) Ltd. (India), Trek Bicycle Corporation (United States), GT Bicycles (DOREL Industries Inc.) (Canada), Kestrel Bicycles (United States), Hero Cycles Ltd. (India), F.I.V. E. Bianchi S.p.A. (Grimaldi Industri AB) (Italy), Giant Manufacturing Co. Ltd.(Taiwan), K2 Sports, LLC. (United States) and Raleigh Bicycle Company (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Jamis Bikes (United States), Seven Cycles, Inc. (United States), Jenson USA (United States) and Redline Bicycles (United States).
Segmentation Overview
AMA Research has segmented the market of Global Sports Bicycle market by Type (Mountain Bicycle, Track Bicycle, Road Racing Bicycle and Cyclo-cross Bicycle), Application (Offline Retail, Online Retail and Others) and Region.
On the basis of Type, Road Racing Bicycle are dominating the market in the year 2022On the basis of application, Offline Retail segment is dominating the market in the year 2022On the basis of geography, the market of Sports Bicycle 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). North America region held largest market share in the year 2022. If we see Market by End User, the sub-segment i.e. Adults will boost the Sports Bicycle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement of Innovative Products and Popularity of bicycle rental programs
Market Growth Drivers:
Premiumization of Sports Bicycles, Growing participation by women and Increasing Application Base of Bicycles in Trekking as well as Recreational Activities
Challenges:
The aggressive riding position and higher speeds can increase the risk of injuries, especially in crashes. Proper training, safety gear, and cautious riding are essential
Restraints:
Easy Accessibility of Used Bicycles
Opportunities:
Technological Innovations in The Industry
Market Leaders and their expansionary development strategies
WeSports has completed the acquisition of Biketown Sverige AB (“Biketown”), a fast growing bike and mobility e-commerce company in Sweden. hrough the acquisition, WeSports further strengthens its position as the largest online player within these categories.
In September 2020, SCOTT Sports India launches the SCOTT Spark RC 900, one of the most decorated full-suspension bikes, ridden by the likes of Nino Schurter, an Olympic winner, and Kate Courtney, a World Cup Champion. The bike is a superlight, super-aggressive steed that pedals with incredible efficiency
Key Target Audience
Bicycle Manufacturers, Raw Material Suppliers, Industry Associations, Government and research organizations, Distribution consultancies and End users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.