Press release
Bicycle Market Sale to Reach a Revenue of Around US$ 109 Bn by the End of 2032
Bicycle Market 2022
The global bicycle market is currently valued at more than US$ 62 Bn and to reach a revenue of more than US$ 109 Bn by 2032. Sales of bicycles are slated to increase at a value CAGR of around 5.8% from 2022 to 2032. Conventional bicycles are the most sought- after across the world. The Germany bicycle market is projected to register growth at the rate of 6.7% through 2032.
Request for Free Sample Copy of Bicycle Market Report@https://www.persistencemarketresearch.com/samples/3326
Bicycling is favored by a majority of health-conscious individuals as well as a recreational sport. Bicycles are not only good at combating obesity and digestive issues but are also cost-efficient. These advantages have been recognized by developing economies who have been promoting bicycling on a war footing.
Electric bicycles' growing popularity combined with increase in the number of national and international cycling events is expected to present lucrative prospects to bicycle stakeholders. Electric bicycles will be an appealing segment during the evaluation period of 2022-2032 due to rapidly rising number of conscientious consumers.
Over the coming years, China is likely to be a major contributor to electric bicycle demand and supply. Majority of major bicycle manufacturers are focusing on new model launches, particularly electric and mountain bicycles.
Key Companies-
• Giant Bicycles Inc.
• Atlas Cycles Ltd
• Derby Cycle Holding GmbH
• Trek Bicycle Corporation
• Avon Cycles Ltd.
• Zhonglu Co., Ltd
• Accell Group N.V.
• Tube Investments of India Limited
• Dorel Industries Inc.
• Merida Industry Co., Ltd
• Tandem Group plc
• Samchuly Bicycle Co., Ltd
• F.I.V.E. Bianchi S.p.A
• Specialized Bicycle Components
• Hamilton Industries Pvt. Ltd
• Tianjin FUJITA Group Co. Ltd
• Ming Cycle Industrial Co. Ltd
• Tianjin Flying Pigeon Cycle Manufacture Co., Ltd
• Koninklijke Gazelle N.V.
• Tern
Complete Report Details@https://www.persistencemarketresearch.com/market-research/bicycle-market.asp
Key Takeaways from Market Study
• At a CAGR of 8.4%, electric bicycles is estimated to be the fastest-growing segment under bicycle type from 2022 to 2032.
• Conventional bicycles are expected to hold the highest share of 73.1% under the technology segment in terms of value in 2022.
• By price, mid-range bicycles are predicted to enjoy a market share of nearly 41% by 2032.
• By end user, men are projected to be major consumers with a market share of more than 45% in 2022.
• By region, East is predicted to hold the highest share in the global market accounting for more than 39% by 2032.
• China is projected to register the highest absolute $ opportunity of more than US$ 14 Bn from 2022 to 2032.
"The pandemic has sparked a surge in bicycle sales and worked as a political impetus for cycling initiatives, effectively changing the bicycle market's growth curve" says a Persistence Market Research analyst.
Market Landscape
The global bicycle market is highly fragmented, with numerous international and regional companies. Key firms such as Trek Bicycle Corporation, Accell Group, and Giant Manufacturing Co. Ltd. dominate the market. The biggest players in this sector are diversifying into the production of e-bikes, thereby expanding their regional footprint. Businesses are also taking advantage of improved online distribution channels.
Buy Now this Report@https://www.persistencemarketresearch.com/checkout/3326
Key Questions Answered in Bicycle Market Report -
• What is the bicycle market size?
• Is the bicycle industry growing?
• What was the historical growth rate for the bicycle market from 2013 to 2021?
• Which are the most lucrative bicycle markets?
• Who are the top 5 manufacturers of bicycles?
• How is the North America bicycle market shaping up?
• Which technology is most prevalent in bicycles?
• At what percentage is the bicycle market set to register growth in Germany?
Related Reports:
Motorcycle Market - https://www.persistencemarketresearch.com/market-research/motorcycle-market.asp
Global motorcycle market revenue totalled US$ 124 Bn in 2021, with Y-o-Y growth for 2021 at 4%. The market is projected to expand 1.5X over the next ten years to top US$ 181 Bn by 2031.
About us: -
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us:
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084
The global bicycle market is currently valued at more than US$ 62 Bn and to reach a revenue of more than US$ 109 Bn by 2032. Sales of bicycles are slated to increase at a value CAGR of around 5.8% from 2022 to 2032. Conventional bicycles are the most sought- after across the world. The Germany bicycle market is projected to register growth at the rate of 6.7% through 2032.
Request for Free Sample Copy of Bicycle Market Report@https://www.persistencemarketresearch.com/samples/3326
Bicycling is favored by a majority of health-conscious individuals as well as a recreational sport. Bicycles are not only good at combating obesity and digestive issues but are also cost-efficient. These advantages have been recognized by developing economies who have been promoting bicycling on a war footing.
Electric bicycles' growing popularity combined with increase in the number of national and international cycling events is expected to present lucrative prospects to bicycle stakeholders. Electric bicycles will be an appealing segment during the evaluation period of 2022-2032 due to rapidly rising number of conscientious consumers.
Over the coming years, China is likely to be a major contributor to electric bicycle demand and supply. Majority of major bicycle manufacturers are focusing on new model launches, particularly electric and mountain bicycles.
Key Companies-
• Giant Bicycles Inc.
• Atlas Cycles Ltd
• Derby Cycle Holding GmbH
• Trek Bicycle Corporation
• Avon Cycles Ltd.
• Zhonglu Co., Ltd
• Accell Group N.V.
• Tube Investments of India Limited
• Dorel Industries Inc.
• Merida Industry Co., Ltd
• Tandem Group plc
• Samchuly Bicycle Co., Ltd
• F.I.V.E. Bianchi S.p.A
• Specialized Bicycle Components
• Hamilton Industries Pvt. Ltd
• Tianjin FUJITA Group Co. Ltd
• Ming Cycle Industrial Co. Ltd
• Tianjin Flying Pigeon Cycle Manufacture Co., Ltd
• Koninklijke Gazelle N.V.
• Tern
Complete Report Details@https://www.persistencemarketresearch.com/market-research/bicycle-market.asp
Key Takeaways from Market Study
• At a CAGR of 8.4%, electric bicycles is estimated to be the fastest-growing segment under bicycle type from 2022 to 2032.
• Conventional bicycles are expected to hold the highest share of 73.1% under the technology segment in terms of value in 2022.
• By price, mid-range bicycles are predicted to enjoy a market share of nearly 41% by 2032.
• By end user, men are projected to be major consumers with a market share of more than 45% in 2022.
• By region, East is predicted to hold the highest share in the global market accounting for more than 39% by 2032.
• China is projected to register the highest absolute $ opportunity of more than US$ 14 Bn from 2022 to 2032.
"The pandemic has sparked a surge in bicycle sales and worked as a political impetus for cycling initiatives, effectively changing the bicycle market's growth curve" says a Persistence Market Research analyst.
Market Landscape
The global bicycle market is highly fragmented, with numerous international and regional companies. Key firms such as Trek Bicycle Corporation, Accell Group, and Giant Manufacturing Co. Ltd. dominate the market. The biggest players in this sector are diversifying into the production of e-bikes, thereby expanding their regional footprint. Businesses are also taking advantage of improved online distribution channels.
Buy Now this Report@https://www.persistencemarketresearch.com/checkout/3326
Key Questions Answered in Bicycle Market Report -
• What is the bicycle market size?
• Is the bicycle industry growing?
• What was the historical growth rate for the bicycle market from 2013 to 2021?
• Which are the most lucrative bicycle markets?
• Who are the top 5 manufacturers of bicycles?
• How is the North America bicycle market shaping up?
• Which technology is most prevalent in bicycles?
• At what percentage is the bicycle market set to register growth in Germany?
Related Reports:
Motorcycle Market - https://www.persistencemarketresearch.com/market-research/motorcycle-market.asp
Global motorcycle market revenue totalled US$ 124 Bn in 2021, with Y-o-Y growth for 2021 at 4%. The market is projected to expand 1.5X over the next ten years to top US$ 181 Bn by 2031.
About us: -
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us:
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084
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