About Hybrid Bicycles
Hybrid bicycles contain straight handlebars, upright seating posture, lighter weight, thinner wheels, and smooth tire. It provides more comfort to the consumers. Hybrid bicycles used for the road trip and it also helps to do the exercise. Due to lack of parking space and high traffic adaption of bicycles is increasing in most of the countries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.5% |
The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hybrid Bicycles 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.
Trek Bikes (United States), Shimano (Japan), Giant Bicycle (Taiwan), Boardman Bikes (United Kingdom), Dorel Industries (Canada), Kent (United States), Vilano (United States), Kona Bikes (United States), Brooklyn Bicycle (United States) and Shanghai Forever Bicycle (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hybrid Bicycles market by Type (13-15 inches, 15-17 inches, 17-19 inches, 19-21 inches, 21-23 inches and 23 inches and Above), Application (Men, Women and Kids) and Region.
On the basis of geography, the market of Hybrid Bicycles 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). If we see Market by Distribution Channel, the sub-segment i.e. Specialty Stores will boost the Hybrid Bicycles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Preference for the Bicycle as an Exercise and Rising Use of Bicycles
Market Growth Drivers:
Increase in the Inclination for Bicycles over Motor Vehicles and Due to Environment Concern High Demand in Developing Countries
Challenges:
Lack of Infrastructure in Developing Countries and Availability of Substitute Product in Bicycle
Restraints:
Fluctuations in Prices of Raw Materials and High Production Costs
Opportunities:
The Growing Traffic and Shortage of Parking Space, Rising the market of Bicycle and Various Governments are Taking Initiative to Support Bicycle Commutation
Market Leaders and their expansionary development strategies
In March 023, Stryder, backed by Tata, introduced a new model to its lineup of e-bikes. Stryder Zeeta features a 36V 250W BLDC rear hub motor, promising a quiet and seamless ride across terrains.
In March 2023, Canyon launched a new range of high-tech e-Hybrid bikes. This launch aligns with the increasing demand for innovative cycling technology.
Key Target Audience
Hybrid Bicycle Manufacturers, Distributors/Suppliers, Raw Material Supplier and Government Agencies
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.