Increasing health concern is likely to boost the global bicycle industry. Lucintel expects ROW and North America to grow more as compared to other regions. The global bicycle industry is expected to reach $63 billion in 2018, promising growth opportunities for the firms operating across the value chain of bicycle industry.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this market and presents its findings in “Global Bicycle Industry 2013-2018: Trends, Forecast, and Opportunity Analysis.” The report analyses the bicycle industry for all the four regions and analyses the risk factors and growth opportunities. The bicycle industry is segmented by region (APAC, Europe, NA, and ROW), and by market segment (road/standard bicycle, mountain bicycles, E-bicycles, other bicycles parts & accessories).
Growing popularity of E-bicycles across the globe is leading the industry towards a brighter future. Fitness conscious people adopt cycling as one of the fitness activities to stay healthy. This will drive demand for bicycles. The emergence of E-bicycles as a low-cost means of transportation is boosting growth, especially in China.
APAC dominates the global bicycle industry as this region has a huge demand for bicycles. China and India are the major bicycle markets with large population base and huge domestic demand. Bicycle is used as major means of transportation in prominent countries of APAC with increasing demand in rural areas.
Lucintel highlights the key challenges faced by the bicycle industry. Increasing popularity of motor vehicles in some countries pose a challenge to the industry. Rising price of steel, iron, aluminum, and other raw materials used by manufacturers of bicycle and parts is a challenge for them. Manufacturers are trying to find cost-effective ways to meet users’ demand for high performance and quality with lower price tag.
This report provides a comprehensive analysis of the bicycle industry, current market trends and forecast, global and regional growth drivers and challenges, recent product introductions, demographic analysis of key bicycle markets, and company profiles of leading players.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “Global Bicycle Industry 2013-2018: Trends, Forecast, and Opportunity Analysis” include:
Analysis of competitive intensity of the industry based on Porter’s Five Forces model which helps to understand the competitive position of industry players
Global Bicycle Industry with segment breakdown such as road bicycle, mountain bicycle, E-bicycles, other bicycles, parts & accessories as well as demographic analysis of major countries
Market size in terms of value, market size trend (2007-2012) and forecast (2013-2018), that are useful to make major investment decisions
Regional Analysis provides bicycle industry breakdown of key regions of North America, Europe, Asia Pacific, and Rest of the World in terms of value
Competitive landscape, emerging trends, unmet needs, drivers and growth opportunity analysis helps to ascertain a sound investment decision
More than 63 figures/charts and 29 tables are provided in this roughly 120-page report