A geared bicycle serves as an environmentally friendly means of transportation, offered in a range of variations, including electric bikes and mountain bikes. Just like cars, cyclists can manipulate gears to tailor their pedaling speed, thereby improving efficiency and comfort when traversing diverse terrains. Surge in health awareness, low maintenance cost of bicycle. However, low demand for gear bikes in developing countries hamper the market growth. In addition, growth of manufacturing designs, surge in outdoor sports presents significant opportunities for market expansion.
Technological advancements such as integration of Bluetooth, GPS, anti-theft locks, daily fitness tracker, and durable battery in electric bikes are anticipated to attract a large customer base, which is significantly propelling the market growth. Furthermore, the demand for lightweight bicycle components is increasing. As a result, manufacturers are producing bikes with aluminum or carbon fiber, which reduces the wight of with preinstalled gears in the bikes. Lightweight geared bicycles further promote faster and easier drive. As a result, the demand for lightweight gear bicycles is increasing among cyclists. Moreover, the production of gear bicycles with aluminum or carbon fiber is more affordable, which boosts their sales significantly. Thus, all these factors collectively are anticipated to drive market growth.
The trend of outdoor and adventurous sports is gaining traction in the global market. Presently, consumers find outdoor sports as an ideal medium of refreshment out of a busy schedule. In addition, associations and sports organizations are promoting bicycle events to encourage not only athletes but also regular cyclists. Each association operates at different levels but shares a common goal that is to increase the interest of citizens in bicycles and bicycle sports, which notably contributes toward the growth of the global market. The interest in bicycles is expected to increase, which is likely to offer growth opportunities for the market, globally.
The gear bicycle market is segmented into sales channel, application, end user, and region. On the basis of application, the market is classified into adventure and sports. On the basis of sales channel, it is categorized into online and offline. By end user, the market is divided into men and women. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global gear bicycle market are Stryder Cycle Private Limited, Accell Group N.V., Trek Bicycle Corporation, Kross Bikes, Colnago Ernesto & C. S.r.l., Giant Bicycles India , Firefox Bikes, Scott Sports SA, Specialized Bicycle Components, Inc., Merida Industry Co., Ltd. among others. The leading companies adopt strategies such as product launch, partnership, acquisition, expansion, and collaboration to strengthen their market position.
Technological advancements such as integration of Bluetooth, GPS, anti-theft locks, daily fitness tracker, and durable battery in electric bikes are anticipated to attract a large customer base, which is significantly propelling the market growth. Furthermore, the demand for lightweight bicycle components is increasing. As a result, manufacturers are producing bikes with aluminum or carbon fiber, which reduces the wight of with preinstalled gears in the bikes. Lightweight geared bicycles further promote faster and easier drive. As a result, the demand for lightweight gear bicycles is increasing among cyclists. Moreover, the production of gear bicycles with aluminum or carbon fiber is more affordable, which boosts their sales significantly. Thus, all these factors collectively are anticipated to drive market growth.
The trend of outdoor and adventurous sports is gaining traction in the global market. Presently, consumers find outdoor sports as an ideal medium of refreshment out of a busy schedule. In addition, associations and sports organizations are promoting bicycle events to encourage not only athletes but also regular cyclists. Each association operates at different levels but shares a common goal that is to increase the interest of citizens in bicycles and bicycle sports, which notably contributes toward the growth of the global market. The interest in bicycles is expected to increase, which is likely to offer growth opportunities for the market, globally.
The gear bicycle market is segmented into sales channel, application, end user, and region. On the basis of application, the market is classified into adventure and sports. On the basis of sales channel, it is categorized into online and offline. By end user, the market is divided into men and women. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global gear bicycle market are Stryder Cycle Private Limited, Accell Group N.V., Trek Bicycle Corporation, Kross Bikes, Colnago Ernesto & C. S.r.l., Giant Bicycles India , Firefox Bikes, Scott Sports SA, Specialized Bicycle Components, Inc., Merida Industry Co., Ltd. among others. The leading companies adopt strategies such as product launch, partnership, acquisition, expansion, and collaboration to strengthen their market position.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gear bicycle market analysis from 2022 to 2032 to identify the prevailing market opportunities.
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- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Sales Channel
- Online
- Offline
By Application
- Adventure
- Sports
By End User
- Men
- Women
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest Of The Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- STRYDER CYCLE PRIVATE LIMITED
- Trek Bicycle Corporation
- Kross Bikes
- Colnago Ernesto & C. S.r.l.
- Giant Bicycles India
- SCOTT Sports SA
- SPECIALIZED BICYCLE COMPONENTS, INC.
- MERIDA INDUSTRY CO., LTD.
- Accell Group N.V.
- Firefox Bikes
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GEAR BICYCLE MARKET, BY SALES CHANNEL
CHAPTER 5: GEAR BICYCLE MARKET, BY APPLICATION
CHAPTER 6: GEAR BICYCLE MARKET, BY END USER
CHAPTER 7: GEAR BICYCLE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- STRYDER CYCLE PRIVATE LIMITED
- Trek Bicycle Corporation
- Kross Bikes
- Colnago Ernesto & C. S.r.l.
- Giant Bicycles India
- SCOTT Sports SA
- SPECIALIZED BICYCLE COMPONENTS, INC.
- MERIDA INDUSTRY CO., LTD.
- Accell Group N.V.
- Firefox Bikes
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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