Bicycles Market to reach Valuation of USD 82 Billion by 2030: Transparency Market Research

Bicycles Market to reach Valuation of USD 82 Billion by 2030: Transparency Market Research

PR Newswire

ALBANY, N.Y., Sept. 2, 2020

- Growing awareness regarding health benefits of cycling is set to drive notable growth in the market over the forecast period

- Government efforts towards minimization of use of conventional vehicles and fuel is contributing to this growth

- Asia Pacific region is set to hold a prominent share of the market

ALBANY, N.Y., Sept. 2, 2020 /PRNewswire/ --  Over the forecast period of 2020 to 2030, the global bicycle market is set to grow at a healthy compound annual growth rate of 5.5 %, taking the market worth up to a hefty valuation of USD 82 billion by the end of the stated period.

Transparency Market Research

As per TMR, "A number of factors are supporting growth in this market. Some of these are growing focus on health, improvement in technology, and increasing fuel prices. Governments across a number of nations are trying to bring down their carbon footprint, thereby supporting cycling initiatives."

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Key Findings of Global Bicycle Market Study:

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Key Drivers of Growth in Global Bicycle Market:

Explore 231 pages of expansive research, cutting-edge insights, and detailed projections. Analyze and discover the latest developments in the Bicycle Market (Type: Road Bicycle, Mountain Bicycle, Hybrid Bicycle, Touring Bicycle, Fitness Bicycle, Cruiser Bicycle, Cyclocross Bicycle, and Others; Size: XXS, XS, S, M, L, XL, and XXL; Technology: Conventional and Electric; Gear Type: Without Gear and With Gear; Suspension: Front Suspension, Full Suspension, and No Suspension; Price: Low, Medium, and High; End Use: Men, Women, and Kids; and Distribution Channel: Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/bicycle-market.html

Regional Analysis of Global Bicycle Market:

Analyze global bicycle market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Analysis of Global Bicycle Market:

The global bicycle market is marked by a notable degree of competitiveness. It is a natural outcome of presence of a decent number of strong players in the market landscape. Some of these strong players in the market are BMC Switzerland AG, Boardman Bikes Ltd, Cannondale Bicycle Corporation (Cycling Sports Group, Inc.), Firefox Bikes, Fuji Bike Worldwide, Giant Bicycle, SCOTT Sports SA, Shimano Inc., Specialized Bicycle Components, Inc., and Trek Bicycle Corporation. Of the mix of organic and inorganic strategies that players often deploy to stay ahead of the curve, measures such as expansion of geographic reach via key alliances, better marketing initiatives, and new product launches are quite prominent. High product visibility is key to enlarge consumer base.

In its report on the market, Transparency Market Research has provided a deep dive into these growth strategies opted by different market players. Financials and product information (market share, new launches, etc.) is also enumerated in great detail.

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Global Bicycle Market: Segmentation

Bicycle Market, by Type

Bicycle Market, by Size

Bicycle Market, by Technology

Bicycle Market, by Gear Type

Bicycle Market, by Suspension

Bicycle Market, by Price

Bicycle Market, by End Use

Bicycle Market, by Distribution Channel

Bicycle Market, by Region

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

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