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Bicycle Market – Industry Insights By Growth, Emerging Trends And Forecast By 2025

The MarketWatch News Department was not involved in the creation of this content. Apr 28,...

The MarketWatch News Department was not involved in the creation of this content.

Apr 28, 2020 (AmericaNewsHour) —
Global Bicycle Market Report was valued at USD 47.5 Billion in the year 2017. Global Bicycle Market is further estimated to grow at a CAGR of 6.2% from 2019 to reach USD 80 Billion by the year 2025. The bicycle Market report is segmented into two parts – By Product Type, End User and Distribution Channel. The Product Type segment is divided into mountain cycle, cyclo-cross cycle, track bicycle and road racing bicycle. Mountain bicycles contribute to the highest Market share. The end user, segment, is divided into adult and kids. Adult’s sports bicycle segment has the highest share in the Market as a result of government initiatives to encourage cycling and rise in participation of products specifically for women.

Major market players in Bicycle Market are Accell Group, Dorel Industries Inc., Giant Manufacturing Company Ltd, GUANGDONG TANDEM INDUSTRIES, Insera Sera, MERIDA, Yeti Cycles, Marin Cycles, cannondale, Trek Bicycle Corp, and brief overview of 10 companies is also provided in the report.

Request To Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078339

The distribution channel is divided into three segments- Retailers, Online and Departmental Stores. Departmental stores have the highest share in the Market. Among all, it is expected that the adult’s sports bicycle segment will be growing at a moderate CAGR of xx% in the assessment period.

SWOT Analysis of Bicycle Market:
Strength:
Collaboration with e-commerce websites
Consumer shifting preference to cycling as a sport or leisure activity
Awareness towards personal health and environment

Weakness:
Increasing Market of refurbished bicycles
High cost of products

Opportunities:
Technological advancements – innovative bicycles and industries
Growing population of unisex bicycles
Introduction of ultra-lightweight bicycles

Threats:
Intense competition has developed among the producers.

By region, the global bicycle Market is segmented as North America, Europe, Asia Pacific and Rest of the world. North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.

Bicycle Market Segmentation:
By Distribution Channel
*Retailers
*Online
*Departmental Stores

By Product Type
*Mountain bicycle
*Cyclo-cross bicycle
*Track bicycle
*Road racing bicycle

By End Use
*Adult
*Kids

By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa

Get Complete Access of Study Report: https://www.kennethresearch.com/sample-request-10078339

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

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The MarketWatch News Department was not involved in the creation of this content.

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