Industry Background:
Elevating fuel costs and Escalating traffic congestion problem will help to led global Bicycle Pedals all over the world. Bicycle paddle is part of the bicycle that the rider pushes with their foot to drive. It is a connection between the cyclist's foot and the crank which allow the leg to turn the bottom bracket spindle and propel the bicycle's wheels. There are various types of bicycle paddles including Flat and platform, quill and clipless paddles.
According to AMA, the market for Bicycle Pedals is expected to register a CAGR of 4.21% during the forecast period to 2027. This growth is primarily driven by Growing Number of International Cycling Events and Racing Events and Inclusion of Cycling Sports in the Olympics led to Growing Demand.
Globally, a noticeable market trend is evident Adoption of Bicycles with Pneumatic Tires and continues Technological Advancements in Bicycle Parts
. The Auto Parts & Equipment sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Crankbrothers, Inc. (United States), Shimano, Inc. (Japan), Fisher-Price (United States), Delta Cycle (United States), Atomlab (United States), Bell (United States), Maillard (France), Genetic Bicycle (United Kingdom), Look Cycle International S.A. (France) and Deluxe Cycles (Deluxe) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 25th June 2018, after a passionate and fruitful partnership for more than 4 years among the French manufacturers and the Britany team, LOOK Cycle and the FORTUNEO-SAMSIC cycling team has terminated their partnership which was effective from the same day.
Market Drivers
- Growing Number of International Cycling Events and Racing Events
- Inclusion of Cycling Sports in the Olympics led to Growing Demand
Market Trend
- Adoption of Bicycles with Pneumatic Tires and continues Technological Advancements in Bicycle Parts
- Growing International Trades of Automobile and Bicycle Spare Parts
Restraints
- Growing Adoption of E-Bikes might stagnate the Demand
- Threat of Substitutes to the Bicycles has increased the Competitive Rivalry
Opportunities
Favorable Government Regulations and Standards for Bicycle Manufacturing and Increasing Usage of Rental Bicycles across the Globe
Challenges
Rising Raw Material Prices will ultimately Increase the Manufacturing Cost
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bicycle Pedals Study Sheds Light on
The Bicycle Pedals Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Bicycle Pedals industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bicycle Pedals industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.