New report published by QY Research which offers insights on the global Bicycle market. The global Bicycle market is valued at USD 28,356 million in 2017 and is expected to reach USD 38,472 million by the end of 2024, growing at a growth rate of 4.45% between 2017 and 2024.
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Global Bicycle Market: Market Driver and Restraint
Bicycle, often called a bike or cycle, is a non-automatic vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle like seat.
Global Bicycle Market: Key Takeaways
This report studies the Bicycle market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2019-2024; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Global Bicycle Market: Forecast by Application
Each of the bicycle manufacturers has its own mature sales networks. Through their own retail stores, their authorized distributors or their partners, those bicycle manufacturers keep keen on expanding their bicycle sales. To achieve better sales businesses, bicycle manufacturers usually invest on their marketing channel infrastructure every year. Due to energy-saving emission reduction and multiple nations’ cycling strategies, there is still a promising market space for bicycle in the next few years. The product price will keep a stable trend in the next five years. Similarly, there will be fluctuations in gross margin
Global Bicycle Market: Forecast by Region
Bicycle is principal means of transportation, it also provide a popular form of recreation, and have been adapted for use as children's toys, general fitness, courier services, and bicycle racing. Due to the straightforward production technology as well as low cost and price, bicycle industry gets a fast development in recent years. The production of bicycles is concentrated in the China, USA, Europe and India. Giant Bicycles, Hero Cycles, TI Cycles, Trek, Shanghai Phonex, Atlas, Flying Pigeon famed for their bicycle production, are among the major bicycle producers in the world. Currently, most of bicycles produced in China are exported to other countries, such as USA and West Europe. Moreover, Chinese producers also are the major OEMs for the foreign famous brands. According to the research, Giant provides OEM service to Trek, based in Taiwan and China Mainland.
Global Bicycle Market: Key Players
Giant Bicycles, Hero Cycles, TI Cycles, Trek, Shanghai Phonex, Atlas, Flying Pigeon, Merida, Xidesheng Bicycle, OMYO, Emmelle, Avon Cycles, Tianjin Battle, Cannondale, Libahuang, Specialized, Trinx Bikes, DAHON, Cycoo, Bridgestone Cycle, Laux (Tianjin), Samchuly Bicycle, Cube, Pacific Cycles, Derby Cycle, Grimaldi Industri, Gazelle, KHS, Forever, Scott Sports, Fuji Bikes, Pashley Cycles, Accell Group, Huffy and LOOK, are the key vendors included in this report.
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