Bicycle Market Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road), By Technology (Electric, Conventional), By End User (Men, Women, Kids), By Region, And Segment Forecasts, 2018 - 2025

Published: Nov, 2018 | Pages: 120 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global bicycle market size is expected to reach USD 75.47 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.1% over the forecast period. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are expected to bolster market growth. Bicycles are being preferred for short distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary commute option.

Rising emphasis on the use of non-polluting vehicles for short distance commutes by the governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in near future.

The road bicycle is expected to emerge as the fastest-growing segment over the forecast period. Road bicycles happen to be the most basic bicycles that people prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated o bode well for growth over the forecast period.

Further key findings from the report suggest:

• The global bicycle market is growing significantly as bike sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations

• Mountain bicycle segment is anticipated to expand at a CAGR exceeding 4% over the forecast period. Rising popularity in line with the increasing media coverage for mountain bicycle racing events and the establishment of new mountain biking circuits are expected to drive the growth

• Apart from being easy to use, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are attributed to the growth of the electric bicycle segment

• The number of men opting for bicycle commutation was higher than that of women and kids in 2017. The men segment is expected to expand significantly at a CAGR of over 5.0% over the forecast period as men would continue to outnumber women and kids in terms of opting for bicycle commutation

• Asia Pacific was the dominated the market in 2017 with a market share exceeding 25% in terms of revenue. Governments in Asian nations, particularly Japan, China, and Singapore among others, are investing aggressively in establishing the infrastructure necessary to encourage and support bicycle commutation

• Leading incumbents of the bicycle market are Accell Group, Dorel Industries, Giant Bicycles, Merida, and Trek Bicycles among others. They dominated the market in 2017 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumptions
                    1.3. List of Data Sources
Chapter 2. Executive Summary
                    2.1. Bicycle Regional Marketplace: Key Takeaways
Chapter 3. Bicycle Industry Outlook
                    3.1. Market Segmentation
                    3.2. Market Size and Growth Prospects, 2014 - 2025
                    3.3. Value Chain Analysis
                    3.4. Market Dynamics
                         3.4.1. Market driver analysis
                         3.4.2. Market restraint/challenge analysis
                         3.4.3. Market opportunity analysis
                    3.5. Penetration & Growth Prospect Mapping
                    3.6. Company Market Share Analysis, (2017)
                    3.7. Industry Analysis - Porter's
                    3.8. PEST Analysis
Chapter 4. Bicycle Market: Product Outlook
                    4.1. Bicycle market Share by product, 2017 & 2025 (USD Million)
                    4.2. Mountain Bicycles
                         4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                         4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                    4.3. Hybrid Bicycles
                         4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                         4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    4.4. Road Bicycles
                         4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    4.5. Others
                         4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         4.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 5. Bicycle Market: Technology Outlook
                    5.1. Bicycle Market Share by Technology, 2017 & 2025 (USD Million)
                    5.2. Electric
                         5.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    5.3. Conventional
                         5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 6. Bicycle Market: End User Outlook
                    6.1. Bicycle Market Share by End User, 2017 & 2025 (USD Million)
                    6.2. Men
                         6.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         6.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    6.3. Women
                         6.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         6.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                    6.4. Kids
                         6.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         6.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 7. Bicycle Market: Regional Outlook
                    7.1. Bicycle Market Share by Region, 2017 & 2025 (USD Million)
                    7.2. North America 
                         7.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         7.2.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                         7.2.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                         7.2.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.2.5. U.S.
                              7.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.2.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.2.5.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.2.5.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.2.6. Canada
                              7.2.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.2.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.2.6.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.2.6.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         7.3.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                         7.3.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                         7.3.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.3.5. U.K.
                              7.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.3.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.3.5.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.3.5.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.3.6. Germany
                              7.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.3.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.3.6.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.3.6.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.3.7. France
                              7.3.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.3.7.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.3.7.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.3.7.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.3.8. Italy
                              7.3.8.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.3.8.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.3.8.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.3.8.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         7.4.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                         7.4.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                         7.4.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.4.5. China
                              7.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.4.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.4.5.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.4.5.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.4.6. India
                              7.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.4.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.4.6.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.4.6.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.4.7. Japan
                              7.4.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.4.7.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.4.7.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.4.7.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                    7.5. Latin America
                         7.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         7.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                         7.5.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                         7.5.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.5.5. Brazil
                              7.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.5.5.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.5.5.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.5.5.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                         7.5.6. Mexico
                              7.5.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                              7.5.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                              7.5.6.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                              7.5.6.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
                    7.6. Middle East & Africa
                         7.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                         7.6.2. Market estimates and forecast by product, 2014 - 2025 (USD Million)
                         7.6.3. Market estimates and forecast by technology, 2014 - 2025 (USD Million)
                         7.6.4. Market estimates and forecast by end user, 2014 - 2025 (USD Million)
Chapter 8. Competitive Landscape
                    8.1. Accell Group
                         8.1.1. Company Overview
                         8.1.2. Financial Performance
                         8.1.3. Product Benchmarking
                         8.1.4. Strategic Initiatives
                    8.2. Atlas Cycles Ltd.
                         8.2.1. Company Overview
                         8.2.2. Financial Performance
                         8.2.3. Product Benchmarking
                         8.2.4. Strategic Initiatives
                    8.3. Dorel Industries
                         8.3.1. Company Overview
                         8.3.2. Financial Performance
                         8.3.3. Product Benchmarking
                         8.3.4. Strategic Initiatives
                    8.4. Giant Bicycles
                         8.4.1. Company Overview
                         8.4.2. Financial Performance
                         8.4.3. Product Benchmarking
                         8.4.4. Strategic Initiatives
                    8.5. Merida
                         8.5.1. Company Overview
                         8.5.2. Financial Performance
                         8.5.3. Product Benchmarking
                         8.5.4. Strategic Initiatives
                    8.6. Specialized Bicycle Components
                         8.6.1. Company Overview
                         8.6.2. Financial Performance
                         8.6.3. Product Benchmarking
                         8.6.4. Strategic Initiatives
                    8.7. Olympus Corp 
                         8.7.1. Company Overview
                         8.7.2. Financial Performance
                         8.7.3. Product Benchmarking
                         8.7.4. Strategic Initiatives
                    8.8. Scott Sports
                         8.8.1. Company Overview
                         8.8.2. Financial Performance
                         8.8.3. Product Benchmarking
                         8.8.4. Strategic Initiatives
                    8.9. Cervelo Bicycles
                         8.9.1. Company Overview
                         8.9.2. Financial Performance
                         8.9.3. Product Benchmarking
                         8.9.4. Strategic Initiatives
                    8.10. Trek Bicycle
                         8.10.1. Company Overview
                         8.10.2. Financial Performance
                         8.10.3. Product Benchmarking
                         8.10.4. Strategic Initiatives

List of Tables

Table 1 List of abbreviations
Table 2 Bicycle market - Industry snapshot & key buying criteria, 2014 - 2025
Table 3 Bicycle market, 2014 - 2025 (USD Million)
Table 4 Bicycle market, by region, 2014 - 2025 (USD Million)
Table 5 Bicycle market, by test method, 2014 - 2025 (USD Million)
Table 6 Bicycle market, by vertical, 2014 - 2025 (USD Million)
Table 7 Mountain Bicycle market, 2014 - 2025 (USD Million)
Table 8 Mountain Bicycle market, by region, 2014 - 2025 (USD Million)
Table 9 Hybrid Bicycle market, 2014 - 2025 (USD Million)
Table 10 Hybrid Bicycle market, by region, 2014 - 2025 (USD Million)
Table 11 Road Bicycle market, 2014 - 2025 (USD Million)
Table 12 Road Bicycle market, by region, 2014 - 2025 (USD Million)
Table 13 Other Bicycle market, 2014 - 2025 (USD Million)
Table 14 Other Bicycle market, by region, 2014 - 2025 (USD Million)
Table 15 Electric Bicycle market, 2014 - 2025 (USD Million)
Table 16 Electric Bicycle market, by region, 2014 - 2025 (USD Million)
Table 17 Conventional Bicycle market, 2014 - 2025 (USD Million)
Table 18 Conventional Bicycle market, by region, 2014 - 2025 (USD Million)
Table 19 Men Bicycle market, 2014 - 2025 (USD Million)
Table 20 Men Bicycle market, by region, 2014 - 2025 (USD Million)
Table 21 Women Bicycle market, 2014 - 2025 (USD Million)
Table 22 Women Bicycle Bicycle market, by region, 2014 - 2025 (USD Million)
Table 23 Kids Bicycle market, 2014 - 2025 (USD Million)
Table 24 Kids Bicycle market, by region, 2014 - 2025 (USD Million)
Table 25 North America Bicycle market, 2014 - 2025 (USD Million)
Table 26 North America Bicycle market, by product, 2014 - 2025 (USD Million)
Table 27 North America Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 28 North America Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 29 U.S. Bicycle market, 2014 - 2025 (USD Million)
Table 30 U.S. Bicycle market, by product, 2014 - 2025 (USD Million)
Table 31 U.S. Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 32 U.S. Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 33 Canada Bicycle market, 2014 - 2025 (USD Million)
Table 34 Canada Bicycle market, by product, 2014 - 2025 (USD Million)
Table 35 Canada Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 36 Canada Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 37 Europe Bicycle market, 2014 - 2025 (USD Million)
Table 38 Europe Bicycle market, by product, 2014 - 2025 (USD Million)
Table 39 Europe Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 40 Europe Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 41 U.K. Bicycle market, 2014 - 2025 (USD Million)
Table 42 U.K. Bicycle market, by product, 2014 - 2025 (USD Million)
Table 42 U.K. Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 44 U.K. Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 45 Germany America Bicycle market, 2014 - 2025 (USD Million)
Table 46 Germany Bicycle market, by product, 2014 - 2025 (USD Million)
Table 47 Germany Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 48 Germany Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 49 France Bicycle market, 2014 - 2025 (USD Million)
Table 50 France Bicycle market, by product, 2014 - 2025 (USD Million)
Table 51 France Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 52 France Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 53 Italy Bicycle market, 2014 - 2025 (USD Million)
Table 54 Italy Bicycle market, by product, 2014 - 2025 (USD Million)
Table 55 Italy Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 56 Italy Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 57 Asia Pacific Bicycle market, 2014 - 2025 (USD Million)
Table 58 Asia Pacific Bicycle market, by product, 2014 - 2025 (USD Million)
Table 59 Asia Pacific Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 60 Asia Pacific Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 61 China Bicycle market, 2014 - 2025 (USD Million)
Table 62 China Bicycle market, by product, 2014 - 2025 (USD Million)
Table 63 China Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 64 China Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 65 India Bicycle market, 2014 - 2025 (USD Million)
Table 66 India Bicycle market, by product, 2014 - 2025 (USD Million)
Table 67 India Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 68 India Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 69 Japan Bicycle market, 2014 - 2025 (USD Million)
Table 70 Japan Bicycle market, by product, 2014 - 2025 (USD Million)
Table 71 Japan Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 72 Japan Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 73 Latin America Bicycle market, 2014 - 2025 (USD Million)
Table 74 Latin America Bicycle market, by product, 2014 - 2025 (USD Million)
Table 75 Latin America Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 76 Latin America Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 77 Brazil Bicycle market, 2014 - 2025 (USD Million)
Table 78 Brazil Bicycle market, by product, 2014 - 2025 (USD Million)
Table 79 Brazil Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 80 Brazil Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 81 Mexico Bicycle market, 2014 - 2025 (USD Million)
Table 82 Mexico Bicycle market, by product, 2014 - 2025 (USD Million)
Table 83 Mexico Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 84 Mexico Bicycle market, by end user, 2014 - 2025 (USD Million)
Table 85 Middle East & Africa Bicycle market, 2014 - 2025 (USD Million)
Table 86 Middle East & Africa Bicycle market, by product, 2014 - 2025 (USD Million)
Table 87 Middle East & Africa Bicycle market, by technology, 2014 - 2025 (USD Million)
Table 88 Middle East & Africa Bicycle market, by end user, 2014 - 2025 (USD Million)

List of Figures

Fig.1 Bicycle market, by 2017 (USD Million)
Fig.2 Bicycle market segmentation
Fig.3 Bicycle market, 2014 - 2025 (USD Million)
Fig.4 Value chain analysis
Fig.5 Bicycle market driver impact
Fig.6 Bicycle market challenge impact
Fig.7 Bicycle market penetration & growth prospects mapping
Fig.8 Bicycle market company market share analysis
Fig.9 Bicycle market - PEST analysis
Fig.10 Bicycle market, by product, 2017 & 2025 (USD Million)
Fig.11 Bicycle market, by technology, 2017 & 2025 (USD Million)
Fig.12 Bicycle market, by end user, 2017 & 2025 (USD Million)
Fig.13 Bicycle Market, by region, 2017 & 2025 (USD Million)