About Luxury Bicycles
Cycling is very popular these days. It's the cheapest mode of transportation that not only keeps you away from high fuel and pollution prices that damage the ozone layer but also keeps you healthy and full of energy. Some people ride bikes just for fun, others because of their passion for being professional cyclists. It is an innovative idea to use bicycles and to protect yourself and the environment. Some of the bikes offer everything from Swarovski to gold while others customize aerodynamics which reinvents the wheels. Some of these supercycles attract bikers and collectors alike and have created a new kind of riding story. Bicycling has become a popular activity across different cultures and geographic regions, giving brands a tremendous opportunity, even for those previously unrelated to cycling. Luxury brands in particular are designing bicycles with opulent features, including high-tech elements. By expanding the brand to include bicycles, luxury brands can both benefit from the growing bicycle market and serve brand-loyal customers with a new product.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Luxury 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 (United States), Bastion (United States), Lord Bike (United States), Moulton (United States), Moustache Bikes (France), Cicli Mattio (Italy), Montante (United States), Moynat (France), LIOS Bikes (United Kingdom), B2G Bikes (Switzerland), Keim (Germany) and Giant (Malaysia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Stromer (Switzerland), Petrini (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luxury Bicycles market by Type (Mountain Bikes, Road Bikes and Other), Application (Racing, Transportation and Other) and Region.
On the basis of geography, the market of Luxury 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 Technology, the sub-segment i.e. Electric will boost the Luxury Bicycles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Luxury Bicycles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Men will boost the Luxury Bicycles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
There is a Rising Need for Foldable Luxury Bikes
Market Growth Drivers:
Rising Awareness About Healthy Lifestyle, Rising Awareness About Urban Pollution and Traffic and A Rise in Disposable Income
Challenges:
Presence of Competitors
Restraints:
Expensive Maintenance of Luxury Bikes
Opportunities:
Increase in The Research and Technological Innovation
Market Leaders and their expansionary development strategies
In September 2020, Luxury Card announced a new partnership with Rad Power Bikes, an e-bike company founded by Mike Radenbaugh and childhood friend Ty Collins. What began as a small passion project has developed into a lifestyle business that includes e-bike accessories, monthly maintenance classes and a blog titled “The Scenic Route.” Luxury Card members will now receive one complimentary accessory with the purchase of an electric bike from Rad Power Bikes.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Luxury Bicycles, Suppliers and Distributors of Luxury Bicycles, Venture Capitalists and Private Equity Firms and End-Use Industry
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.