Men’s Bicycle Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 307 | List of Figures : 99 | No. of Pages : 170 | Report Code : FACT201MR |

Bicycles have played an important role in the recent history of man. They have also managed to accede with the relentless evolution of the transportation system. As concerns over global warming continue to grow, more number of consumers are expected to opt for bicycles. Moreover, the new hybrid models and electric powered bicycles are gaining healthy popularity among consumers as well. Factors as such are expected to influence the global sales of men’s bicycle in the forthcoming years. Men’s bicycle offer a sustainable mode of transportation with health, environmental and price benefits. However, bicycle is not the most suitable option for long distance travelling as it mainly runs on force that is manually generated by the rider. In terms of performance, gasoline powered vehicles have a significant advantage over bicycles, which continues to restrict any value growth in adoption of bicycles. Today, bicycles are rather used as an exercise tool than as a means of transportation. Rapid expansion of metro cities coupled with longer travelling distances from home to work place or home to marts is making the uses of bicycle impractical for covering such distances. These factors will be instrumental in defining the future prospects of the global men’s bicycle market. Fact.MR’s recently published report projects that the global men’s bicycle market will surpass a valuation of US$ 24,900 Mn by the end of 2022.

Men’s bicycle is a pedal-driven, single-track vehicle with two wheels attached to a frame. Common among professional bicyclists who compete in cycling events, these bicycles can also be used for exercise, recreation, transport and competing in sporting events.

Market Taxonomy

Product Type

Technology

Pricing

Distribution Channel

Road Bicycle

Conventional

Low Range

Independent Outlet

Sports Bicycle

Electric

Mid Range

Direct to Customer Institutional Channel

Mountain Bicycle

 

Premium Range

Direct to Customer Brand Outlet

Hybrid Bicycle

   

Modern Trade Channels

     

Franchised Outlet

     

Direct to Customer Online Channel

     

Third Party Online Channel

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Hybrid Bicycles to Remain Highly Sough-After 

On the basis of product type, demand for hybrid bicycles will continue to gain traction during the forecast period (2017-2022). Currently, the global sales of hybrid bicycle represent more than one-third revenue share of the global men’s bicycle market. Towards that end of 2022, over US$ 9,605 Mn worth units of men’s bicycles are estimated to be sold worldwide.

Among regions, Asia-Pacific excluding Japan (APEJ) is expected to dominate dlobal men’s bicycle market in terms of revenue through other assessment period. Further, the market in the region is expected to witness a relatively higher growth between 2017 and 2022. Owing to the rising pollution levels, governments in counties such as China and India are encouraging and promoting the use of bicycle.

Competition Tracking

Giant Manufacturing Co., Ltd., Atlas Cycles (Haryana) Limited, Trek Bicycle Corporation, Tube Investments of India Limited, Accell Group N.V., Dorel Industries Inc., Merida Industry Co. Ltd., Tandem Group plc, Samchuly Bicycle Co., Ltd, and Youngone Corporation are the leading market players profiled in the Fact.MR’s report.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Increasing occurrence of obesity and the serious liabilities it brings along is prompting people across the globe to adopt daily regimens that involve more physical activities. Most medical practitioners and physicians actively recommend regular exercise and involvement in sporting activities for preventing various lifestyle disease. Some studies also suggest that involving oneself into sporting activities can help reduce stress as well as overcome depression or low self-esteem. The aforementioned factors are playing a key role in fuelling the demand for various sporting goods and accessories, including bicycles, trampolines, balls, flying discs and skipping ropes. The report, compiled by Fact.MR, provides in-depth analysis of the global men’s bicycle market for the forecast period 2017-2022, and offers key insights about future market direction.   

Scope

The scope of Fact.MR’s report is to analyze the global men’s bicycle market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Men’s bicycle manufacturers, stakeholders, and suppliers in the global sports sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to sports.      

Summary

The report commences with a brief information of the global men’s bicycle market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global men’s bicycle market.    

Overview

The next section offers an overview of the men’s bicycle market. This comprises an introduction to the market, along with a standard definition of the product – men’s bicycle. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.      

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global men’s bicycle market, the report provides updates about market opportunities, which can benefit leading manufacturers of men’s bicycle. With continuous evolution of the sports sector, keeping a record of latest developments and trends is fundamental for men’s bicycle manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.       

Considering the wide scope of the global men’s bicycle market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The global men’s bicycle market has been categorized on the basis of product type, technology, pricing, distribution channel and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.   

The report’s last section comprises of the global men’s bicycle market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global men’s bicycle market.      

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Men’s Bicycle Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022