Despite of drifting behind from the linear advancements involved in development of vehicles over the decades, bicycles continue to remain in vogue across the premise of global sports industry.
From travel to wellness, bicycles are rolling out in heavy numbers, capturing the interests of countryside residents as well as high-spending, urban consumers, particularly women. Health benefits associated with bicycling will keep instrumenting the global sales growth of women’s bicycles.
Group activities and social media trends have promoted the use of bicycles among women across several cultures. Apart from helping in regulating body metabolism, bicycles are gradually becoming more significant in the lifestyle of women who have been troubled with the burden of sedentary régimes.
However, despite of the advent of electric bicycles, the global market for women’s bicycle will witness a moderate demand for women’s bicycles, in the view of growing popularity of other modes of commuting and exercising.
Women’s bicycles are distinctively different from men’s bicycles, except from being a vehicle made out of an angular frame that holds two wheels linearly. The main frame of women’s bicycles is generally designed by considering the comfort levels of riding the bike, even while donning a skirt.
Women’s bicycle also have general pedals for propelling, but their handlebars might differ in design. According to the recent report, published by Fact.MR, the global market for women’s bicycles is expected to grow at a moderate CAGR, raking revenues worth a little over US$ 12.5 Bn by the end of forecast period, 2017-2022.
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Women to Prefer Riding Hybrid Bicycles
Wide range of products offered in the global market for women’s bicycles have been analyzed in this report.
Rising proclivity of women towards daily fitness activities will instrument a steady growth in demand for road bikes. In 2017, over one-fourth of women’s bicycles being sold across the globe will be used for travelling on city streets and roads.
However, sport bikes will slowly lose their traction as women are being drawn towards gym cycles for staying fit. On the other hand, hybrid bicycles will be observed as a top-selling product in the global women’s bicycles market, procuring more than two-fifth share on global revenues at steadfast CAGR of 4.6% during the forecast period.
Currently, conventional women’s bicycles are dominating the global market in terms of technology. Towards the latter half of the forecast period, the demand for women’s bicycles developed on electric pedaling technology will gain momentum.
The report also reveals that majority of women will be interested in buying mid-priced bicycles in the years to come, considering their infrequent use and recurrent repair costs.
The report further reveals that direct-to-customer brand outlets will be a lucrative distribution channel in the global women’s bicycles market, revenues from which are poised to reach US$ 1.87 Bn through 2022.
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The report has also observed that companies such as
- Samchuly Bicycle Co., Ltd.
- Tandem Group plc
- Merida Industry Co. Ltd.
- Dorel Industries Inc.
- Accell Group N.V.
- Tube Investments of India Limited
- Trek Bicycle Corporation
- Atlas Cycles (Haryana) Limited
- Giant Manufacturing Co., Ltd,
will remain active in expansion of global women’s bicycle market through 2022.
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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