The Infinium Global Research analyzes the Sports Bicycle Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global sports bicycle market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of sports bicycle. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the sports bicycle market during the period.
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Growing Popularity of Bicycle Rental Programs is One of the Key Drivers Driving the Sports Bicycle Market
The growing participation of women in cycling activities plays a major role in driving the growth of the market. The advancements of the bicycle also play a vital role in the growth of the market across the globe. Furthermore, the growing popularity of bicycle rental programs is one of the key drivers driving the sports bicycle market. Also, the demand for sports bicycles is continuously increasing. This is primarily due to the substantial increase and fluctuations in the price of fuel over the past few years. Also, the demand for premium bikes has increased that in turn helps in the growth of the market. On the other hand, the increase in prices of raw materials may hinder the growth of the sports bicycle market during the forecast period. Moreover, the development of innovative products creates an opportunity for the growth of the sports bicycle market in the upcoming years.
Sports Bicycle Market: Segmentation
The global sports bicycle market is segmented based on product type, application, and end-user. Based on product type, the global market is fragmented into mountain bicycles, cyclo-cross bicycles, road racing bicycles, and track racing bicycles. Among them, the mountain bicycle segment holds the maximum market share and is expected to dominate the sports bicycle market during the forecast period. This is attributed to the growing disposable incomes and increased expenditure on recreational and leisure. Based on application, the global market is categorized into offline retail, online retail, and other applications. In terms of end-user, the sports bicycle market is bifurcated into an adult’s sports bicycle and kids sports bicycle. The adult’s sports bicycle segment is expected to dominate the sports bicycle market over the forecast period. This is mainly due to factors like people engaging in recreational cycling, road cycling, and mountain biking, and government initiatives to encourage cycling.
North America Holds the Maximum Market Share and is Expected to Dominate the Sports Bicycle Market
In terms of region, the sports bicycle market is categorized into North America, Europe, Asia Pacific, and the Rest of the World. Among all regions, North America holds the maximum market share and is expected to dominate the sports bicycle market over the forecast period. This is mainly due to growth in the participation of cycling activities. Furthermore, growth in recreational activities like a mountain bike, and road racing also boosts the growth of the sports bicycle market in the North American region. The Asia Pacific is likely to grow at a rapid speed during the forecast period. This is mostly due to technological innovations in the industry.
Sports Bicycle Market: Competitive Analysis
The global sports bicycle market comprises with the players such as Atlas Cycles (Haryana) Ltd., F.I.V. E. Bianchi S.p.A., GIANT Bicycles, GT Bicycles, HERO CYCLES Ltd, Jenson USA, K2 Sports, LLC., Redline Bicycles, Seven Cycles, Inc., Trek Bicycle Corporation.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the sports bicycle.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.