High-End Bicycle Market | Market Recovery and Growth Projections 2021-2025
Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp. are some of the key vendors discussed
The high-end bicycle market is expected to grow by $ 3.88 billion, accelerating at a CAGR of almost 5.00% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights into factors that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.
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High-End Bicycle Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Product (Hybrid bikes, Mountain bikes, Road bikes, Track bikes, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and MEA).
- Growth by the hybrid bikes product segment will be significant due to the stability, comfort, and ease of use, by these bikes. Hybrid bicycles have gained significant popularity among cyclists, casual riders, commuters, as well as children. The increasing demand for hybrid bicycles among sports enthusiasts will further fuel market growth through this segment.
- 33% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for high-end bicycles in the region. Market growth in this region will be faster than the growth of the market in other regions owing to several factors such as increasing initiatives by government and private bodies to reduce the carbon footprint and curb pollution.
- This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the High-End Bicycle Market size.
High-End Bicycle Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Economic recovery in developing countries and stable economic growth in most developed countries is a contributing factor in driving market growth as the availability of higher disposable incomes allows consumers to opt for high-end products. The increasing GDP per capita in developing countries is also contributing to household spending on high-end products. In addition, growing awareness about health and fitness and the congestion caused by vehicular traffic is driving the adoption of high-end bicycles.
- The incorporation of smart features in high-end bikes will further support the growth of high-end bicycles market. Vendors are not just developing smart bikes but are also developing ways to incorporate smart features in their existing range of bikes. Most e-bikes are equipped with intelligent assistance techniques that enable users to connect their bicycles with their smartphones. The increasing adoption of these devices and growing investment in the research and development (R&D) of newer technologies for high-end bicycles may drive the demand for these bikes and positively impact the global high-end bicycle market in the coming years.
- High maintenance of e-bikes is a hurdle that needs to be crossed on the path to success. The lack of necessary infrastructure to facilitate the adoption of e-bikes is limiting market growth. Many developing countries do not have bicycle lanes and lock systems in public areas to avoid the theft of bicycles. However, with increasing support from governments across the globe and the development of required infrastructure, this issue will get resolve.
High-End Bicycle Market: Vendor Analysis
- The market is fragmented.
- Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- High-End Bicycle Market Split by Product
- Hybrid bikes
- Mountain bikes
- Road bikes
- Track bikes
- Others
- High-End Bicycle Market Split by Distribution Channel
- High-End Bicycle Market Split by Geography
- North America
- Europe
- APAC
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Accell Group NV
- BH BIKES EUROPE SL
- Derby Cycle Holding GmbH
- Dorel Industries Inc.
- Giant Manufacturing Co. Ltd.
- Grimaldi Industri AB
- Klever Mobility Europe GmbH
- Merida Industry Co. Ltd.
- Specialized Bicycle Components Inc.
- Trek Bicycle Corp.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of almost 5.00%.
- What is the incremental growth of the market?
The market is expected to grow by $ 3.88 bn through 2021-2025.
- What is a key factor driving this market?
Growing popularity of e-commerce will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
33% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp.
- What are the market segments covered in this report?
The market is segmented by Product (Hybrid bikes, Mountain bikes, Road bikes, Track bikes, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and MEA)
High-End Bicycle Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Recovery and Growth Insights for 2021-2025
The high-end bicycle market and it is expected to grow by $ 3.88 billion, accelerating at a CAGR of almost 5.00% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Rely on our business insights to implement a COVID-19 Recovery Plan: Request for Free Sample Report
High-End Bicycle Market: Market Segments and Key Trends
The High-end bicycle market is segmented by Product (Hybrid bikes, Mountain bikes, Road bikes, Track bikes, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and MEA). APAC led the market with 33% of the market growth set to originate from this region during the forecast period. High maintenance of e-bikes is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
High-End Bicycle Market: Top Drivers to Boost Demand
Growing popularity of e-commerce is one of the primary factors driving the growth of the high-end bicycle market. The report provides a detailed study of all the factors that are likely to boost the bicycle market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
High-End Bicycle Market: Vendor Analysis
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp. are some of the major market participants.For more insights on this market: Download a Free Sample Report
Other Related Markets:
- Bicycle Market: Technavio research projects the bicycle market to grow by $ 20.70 bn, accelerating at a CAGR of almost 7% till 2025. Request FREE Sample Report
- Bicycle OEM Tires Market: Technavio research projects the bicycle OEM tires market to grow by $ 1.20 bn, accelerating at a CAGR of over 6.09% till 2025. Request FREE Sample Report
High-End Bicycle Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive high-end bicycle market growth during the next five years
- Precise estimation of the high-end bicycle market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the high-end bicycle market industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of high-end bicycle market vendors
