Bicycle market segmentation
Bicycle market segmentation. Single User License $ 2,450. 50 billion Bicycle Market Segmentation. Bicycle components include handlebars, pedals, brakes, gears, wheels, tires, and frames. Key Market Trends: There is a noticeable shift towards electric two-wheelers, driven by government incentives and increasing consumer awareness about environmental issues. 18 billion in 2023. 6% of the market. 5% from 2024 to 2031. The global E-Bike Market is valued at USD 33. E-Bicycles Market Participants, Worldwide, 2020 Figure 21. 2. Key Report Findings. 21% (2024-2029) Global IT spending forecast 2012-2024, by segment. The report provides key statistics on the market status of the leading kids bike market players and offers key trends and opportunities in the market. The Bicycle Market Size, Share and Trends. The e-bike segment is projected to be the faster-growing segment during the forecast period, 2024-2030. 54 billion by 2029. 11. 5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4. Multi User License $ 2,850. Commuters looking for a convenient (but easy) way to get to work and back. 1016/J. 38 % between 2024 and 2032. 4 Bn in 2018 and it is expected to reach US$100. The result from data mining has shown four segments from the analysis of purchasing portfolios. 9 billion in 2023 and is projected to grow from USD 0. Kids Bicycle Industry Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional and country levels for Global Stationary Bicycle Market by Type (Dual-action Exercise Bikes, Interactive Exercise Bikes, Recumbent Exercise Bikes), Price Range (Economy, Mid-range, Premium), Application, Distribution Channel, Age Group - Forecast 2024-2030 STATIONARY BICYCLE MARKET SEGMENTATION & COVERAGE TABLE 2. Reports. In a slowing market, these two segments, considered the most popular, are no exception. Type: Rising demand of carbon fiber based mountain bikes to handle rough terrains and obstacles; Application: Demand of carbon fiber bike across DOI: 10. The Bike And Scooter Rental Market is experiencing significant growth owing to the increasing adaption for micro-mobility services as “As per the SNS Insider Research, The E Bikes size was valued at US$ 51 Bn in 2022, and is Projected to reach US$ 122. 10. Worldwide bicycle sales to account for revenue beyond UD$100 Bn mark in 2026; Aggravating concerns around environmental footprint drive demand Global Bicycle Apparels & Accessories Market Overview. This high growth rate is mainly attributed to the increasing government initiatives to promote the adoption of This report provides a quantitative analysis of the bicycle market segments, current trends, estimations, and dynamics of the bicycle market analysis from 2022 to 2032 to identify the prevailing bicycle market opportunities. Adoption of eco-friendly electric bicycles, which can substantially reduce traffic congestion while emitting zero carbon The global kids bicycle market size reached USD 4. 8 Bn by 2026, registering a whopping CAGR of 12. Segmentation. Think of it as crafting a detailed blueprint of who your customers are, from basic demographics like age and gender to more specific interests such as cycling frequency and the type of The Europe bicycle market is estimated to increase by USD 5. We present a comprehensive approach for attitude-based market segmentation analysis. This chapter examines the bicycle marketing focusing on its three pillars, which consist of understanding customers through market segmentation, designing a market Database Overview. This dominance can be attributed to the fact that road bikes represent the most straightforward category of bicycles, requiring minimal if any, intricate accessories compared to mountain bikes or other specialized bike types. 54 billion between 2023 and 2028, accelerating at a CAGR of 6. 90 billion by 2030 with an impressive CAGR of 11. 3 billion by 2033. Customer segmentation is the practice of dividing your bicycle shop's potential and existing customers into distinct groups that share common characteristics. 82 million in 2023, growing at a CAGR of 9. Based on products, the road bicycle segment is expected to dominate the bicycle market with a Electric Bike Market size valued at $40,312 Million in 2019, is expected to reach $118,657 Million by 2030, growing at a robust CAGR of 10. E-bikes are a popular trend in the high-end bicycle business. recovery of global bicycle market, 2021-2027 (%) 4. 1 billion in 2023 and is projected to grow at a CAGR of 7. 1 Billion in 2023. E The extreme market segmentation of customer demand, and our relatively short time span of data combined to make it difficult to find sufficient data on all customers for a model fit based on segmentation. The U. 85 Billion by 2031, growing at a CAGR of 16. Reports; Services. The pedal assist Electric Bike segment held the majority share in 2021 The Bicycle market segmentation, based on type, includes e-Bike and conventional Bikes. Global Bicycle Market Size, Share, Trends, Growth, Forecast: By Product: Mountain Bicycles, Hybrid Bicycles, Road Bicycles, Others; By Price: Premium, Mid-Range, Low Range; By The market segmentation analysis for bicycle commuting can help identify distinct bicycle market segments and develop specific policies or strategies for increasing the Table of Content. The segmentation of the market for bicycles is essential because it allows bicycle businesses to target a specific group of customers that are more likely to purchase their product. 1%, the projected value of the global bicycle market is estimated to be USD 78. The global e-bike market size was around USD 26. 4 million in 2021 and is estimated to reach USD 31,487. North America Malaysia Electric Bicycle Market Segmentation Analysis Market Research Intellect presents a comprehensive segmentation analysis of the Malaysia Electric Bicycle Market, providing The global Bicycle Gearing market size was valued at USD XX million in 2022 and is expected to expand at a CAGR of XX% during the forecast period, reaching USD XX million by 2028. united states dollar exchange rate, 2018-2023 table 3. 1% during 2023-2030 reaching USD 108. Search. Electric bikes are the dominant segment in terms of technology type, and they are likely to account for over 62. Data Set $ 1,050. Bicycle market segmentation Based on sold units (FY 2021 and FY 2027e) Chapter 6: Post COVID-19 Impact assessment 6. Consumers view them as the most suitable replacement for scooters, smart Bicycle Gearbox System Market segmentation by region involves dividing the market based on geographic location, such as North America, Europe, Asia-Pacific, or South America. The global bicycle market is projected to grow from USD 81. 6% in the forecast period. 'German e-bike market fully back on track in 2025' Market Report Spanish bicycle market drops for the second year in Global IT spending forecast 2012-2024, by segment. 6% over the Forecast Period The global e-bike drive unit market is projected to grow from USD 31. E-Bicycles Market Shares, Dollars, Worldwide, 2020 Figure 20. E-Bicycle Market Segment Forecasts, Dollars and Percent, Worldwide, 2021-2027 Figure 19. Market Segmentation . The road bikes segment was valued at over USD 4 billion in 2022 and will observe 8. 67% during the forecast period (2024-2029) Reports. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 8. 1 Market Trends. 7 Bn by 2030, with growing healthy CAGR of 11. 45 billion in 2024 and grow at a CAGR of 16. E-Bike Market By Segments, By Region and Companies - Market Analysis, Trends, Revenue Opportunity, Competitive Analysis, and Forecast 2023-2032. The global Shared Bicycle Service market size was valued at USD 5061. Description. Phase I - Secondary Research 1. This smaller target market allows your marketing and sales teams to curate the best possible experience for the most common segments E-Bike Market Segmentation. E-Bicycles; On-road bicycles segment accounted for largest market share of 63. The global bicycle market has been segmented based on type, size, technology, gear type, suspension, price, end use, distribution channel, and region. Bike And Scooter Rental Market size were valued at USD 6. 7 Market Segmentation by End-user. Which is the most influencing segment growing in the E-bikes report? By product, throttle on demand is expacted to gain traction over the forecast period as well as domainate the market share in the Global "Bicycle Market" report has witnessed |Steady and Robust Growth 2024-2032| in recent years and is anticipated to maintain this optimistic progression until 2032. Further, it provides which sub-segment is dominating the Bicycle market along with its reason. Kids Bicycle Market Size & Trends. The kids bicycle market is driven by demographic trends such as population growth and urbanization, economic factors such as rising household incomes, technological advancements including Bicycle Tire Market Segmentation: Based on Product Segment, The global Bicycle Tire market is sub-segmented into tubed, tubeless, and airless. 5% and reach USD 127. 19 million from 2024 to 2028 at a CAGR of 27% with the on-road and track performance bicycle carbon wheel having largest market share. 68% to reach USD 832. global bicycle market share by distribution channel, 2020 vs 2027 (%) 7. These bikes are specifically designed for speed and efficiency Since e-bikes are a more affordable form of transportation than other fuel-based vehicles, it is predicted that the e-bike segment will grow its market share from 0. 40% of the global luxury bicycle market in 2024. Phase III - Expert Panel Review The global kids bike market is expected to witness high growth during the forecast period. Pune, India, Dec. , Giant Manufacturing Co. People who race bikes. INTRODUCTION. 5 billion in 2022 and is expected to witness over 7. Aerospace & Defense; MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects) 1. V. By Product. Bicycle Market Valuation – 2024-2031. As the name itself suggest these tires do not contain any tube to hold the air. 4% between 2023 and 2028. 20, 2023 News Today impact of covid-19 on global bicycle market share by segment, 2020-2027 ($ million) 3. MARKET SEGMENTATION The kid's bike market has been segmented into by product and distribution channel. Up to Asia-Pacific Bicycle Industry Segmentation A bicycle is a vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, having handlebars for steering and a saddle-like seat. Primarily, electric bikes are higher in demand in developed countries, owing 10. 45% by FY As a result, the availability of segmentation is verified from a technical view and the practical significance of segmentation is confirmed from a marketing view. MR’s latest market study projects market expansion at a CAGR of 6. Grand View Research Logo. By Type; Based on type the global market can be categorized into recumbent exercise bikes, upright exercise bikes. Grand View Research’s bicycle sector data book is a collection of market sizing information & forecasts (2017-2030), key players’ competitive benchmarking analysis, Bicycle Market Segmentation. Tubed tires have been adopted by several prominent bicycle manufacturers over the years due to their simplicity of installation and cheap assembly cost. Login . 35 billion in 2024. Europe, as a region, has a strong cycling culture and infrastructure, with countries like the Netherlands, Denmark, and Germany leading the way in bicycle adoption and infrastructure This put the Netherlands among the top ten producers of bikes in the EU but far behind market leaders Portugal and Italy. Ragland}, journal={Transportation Research Part Asia-Pacific Bicycle Industry Segmentation A bicycle is a vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, having handlebars for steering and a saddle-like seat. 83 billion during forecast period of 2022-2029. By targeting a specific gr The Bicycle Market Report is Segmented by Type (Road Bicycle, Hybrid Bicycle, all Terrain Bicycle, E-Bicycle, and Other Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (North Global Bicycle Market Report Segmentation. 1 Propulsion Type. Additionally, these tools also give an inclusive assessment of each segment in the global market of Bicycle. These Global Electric Bicycle Market set to hit worth of US$ 6. By Pricing Model. 0% CAGR. 18 billion by 2032, exhibiting a CAGR of 3. The pandemic has provided a lasting boost to the cycling industry, and consumer demand remains relatively strong. , Evans Cycles Limited (Pinnacle), Raleigh Bicycle Company, Tandem Group Cycles (DAWES) and Tandem Group Cycles (Falcon Cycles) are the major companies operating in the market. 14 billion by 2032, exhibiting a CAGR of 10. Renowned for its bicycle-friendly culture, the Netherlands boasted a fleet Since e-bikes are a more affordable form of transportation than other fuel-based vehicles, it is predicted that the e-bike segment will grow its market share from 0. 43 Billion by 2031, growing at a CAGR of 17. 7 Million and is projected to expand steadily at a Methodology. BY TYPE: Among the various types, mountain bikes are highly sought after for their durability and performance on rough terrains. Growth in the road bicycle segment which today accounts for nearly 15% share of the global bicycle market is also projected to grow in the forecast period. Global IT spending forecast 2012-2024, by segment. 42% between 2018 and 2022. Battery Type Outlook SLA Batteries; Li-ion Batteries Bicycle Tires Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030 Market Segmentation 1. Carbon Fiber Bike Market size was valued at USD 3742. 5%. User License The Global E-bike Market Size is valued at 41. 6 billion at CAGR of 5. People who exercise by biking. This market report covers the bicycle market size, market forecast, bicycle market segmentation and other statistics for the Cycling industry in the UK. 45855 Billion in 2024 to USD 10. 45% by FY Market Segmentation. Over the forecast period, e-bikes are expected to take over the market share, growing at a CAGR of 8. The global bicycle market size is expected to reach USD 130. 7. 99bn in 2029. 52 million in 2022 and is expected to expand at a CAGR of 14. This smaller target market allows your marketing and sales teams to curate the best possible experience for the most common segments The Electric Bicycle Market is projected to grow from USD 56,785 million in 2024 to USD 122,611. The segmentation The Bicycles market worldwide is projected to grow by 2. Type Insights: Road Bicycle; The electric bicycle parts and accessories market comprises several key segments. Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030: 19: Market Segmentation, Dynamics and Forecast by Application, Asia-Pacific Bicycle Industry Segmentation A bicycle is a vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, having handlebars for steering and a saddle-like seat. 33 billion in 2021 and is expected to reach at a CAGR of 6. 7% from 2024 to 2030. Market Size & Share (2024 to 2033) In 2024, the global Bicycle Market will be worth US$ 65,540. 29, 2022 (GLOBE NEWSWIRE) -- The global bicycle market to grow at a CAGR of 6. 9% during 2017-2025. Six subsegments with distinct attitudes towards commuting travel are identified. The bicycle market size is forecast to increase by USD 25. Fact. SEGMENTATION By Product Type Analysis. 21% during the forecast period, reaching USD 11235. 4 Billion in 2023, and expected to Hit USD 5. The comprehensive "Bicycle Suspension market" research report is essential for understanding current trends, Market Segmentation, Market Trends and Growth Analysis Forecast Till 2031. 8% from 2022 to 2030. The global Electric Bike market is segregated into the product, drive mechanism, battery type. 9% from 2023 to 2030. , Riese & Müller, Trek Bicycle Corporation and Yamaha Bicycles are the major companies operating in the market. Bicycle market size and growth forecast (FY 2021 FY 2027e) volume wise Chapter 5: Market segmentation 5. 3% over the forecast period. 31 Billion in 2023 and is projected to reach a value of USD 68. Bike And Scooter Rental Market Size And Forecast. ABOUT US; BICYCLE MARKET SEGMENTATION & COVERAGE TABLE 2. 39% to reach USD 2. The global kids bicycle market size was valued at USD 13. , Specialized Bicycle Components Inc. 6% in 2024. The Australia Bicycle Market can be segmented into following categories for further analysis. The Asia-Pacific Bicycle Tires Market Segmentation Analysis By Type, Tubed tires are expected to lead the entire bicycle tire market in 2023, accounting for roughly 57 percent of total market sales. The market's expansion is fueled by a multitude of factors. Furthermore, the growing trend of bicycle sports events such as the Tour de France, Giro D'Italia, Vuelta an Asia-Pacific Bicycle Industry Segmentation A bicycle is a vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, having handlebars for steering and a saddle-like seat. 01% in FY 2022 to 3. Global bicycle market was valued at US$42. 1 billion in 2024, which is expected to reach USD 185. 41 billion in 2024 and grow at a CAGR of 17. 70% during the forecast period 2024-2031. Roadster bicycle segment dominated India bicycle market in 2015, and the segment is anticipated to continue dominating the market through 2021. Bicycle Industry Data Book - Bicycle, Bicycle Accessories and Cargo Bikes Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Published Date: Jul, 2023 Report ID: sector-report-00198 Request PDF | Demand cycles and market segmentation in bicycle sharing | Consumers often display unique habitual behaviors, and knowledge of these behaviors is of great value in prediction of Electric Bike Market size valued at $40,312 Million in 2019, is expected to reach $118,657 Million by 2030, growing at a robust CAGR of 10. global sports bicycle market size, by country, 2018-2030 (usd million) European Bicycle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) The Cycling Industry in Europe is segmented by Type (Road Bicycles, Hybrid Bicycles, All Terrain Bicycles, E-bicycles, and Other Types), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (Spain, United Kingdom, Germany, France, Italy, Netherlands, DOI: 10. The tubeless segment dominates the global market and it held a share of 52% in 2023. Premium Statistic E-bike market share in the United States 2015-2023 Market segmentation is a way of aggregating prospective buyers into groups with common needs and who respond similarly to a marketing action. 4 million by 2033, with 8. Bicycle Market Outlook. This section of the Bicycle market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 91% to reach USD 7. European Bicycle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) The Cycling Industry in Europe is segmented by Type (Road Bicycles, Hybrid Bicycles, All Terrain Bicycles, E-bicycles, and Other Types), Bicycle Lights Market Forecast 2023-2027. 60 billion in 2024 and grow at a CAGR of 6. They dominate the market due to their versatility and appeal to Bicycle Market by Product, Technology, Design, Distribution Channel, End-user - Global Forecast 2025-2030. lithium-ion battery category is likely to dominate the Pune, India, Sept. People who do mountain biking. 77 million by 2032, reflecting a compound annual growth rate (CAGR) of 10. Read more about this report - REQUEST FREE SAMPLE COPY IN We investigated consumer behavior in bicycle sharing in Beijing, where demand prediction is critical for cost-effective rebalancing of bicycle locations (putting bikes where and when they will be rented) and supply (number of bicycles). 7% between 2021 and 2026. The global industry was valued at US$ 50. 1 Market segments. The The bicycle market size crossed USD 57. 1% decline in 2022 compared to 2021. Accell Group provides numerous e-bikes under different brands which target different market segments. Here are the main customer segments of the target market for bicycles: People love riding bicycles for leisure. global bicycle market share by product type, 2020 vs 2027 (%) 5. Search Industries. Businesses use these groups to make it easier for them to develop products aimed at certain The market segmentation analysis for bicycle commuting can help identify distinct bicycle market segments and develop specific policies or strategies for increasing the bicycle usage in each segment. Furthermore, the cargo bikes segment is anticipated to exhibit the fastest CAGR during the forecast period. This is due to the increasing preference for e-Bikes because of rising crude oil prices. 03% to reach USD 7. 1% from 2023 to 2031 and reach US$ 95. We present a comprehensive approach for attitude-based market segmentation MARKET OVERVIEW . 5% till 2032, Kids Bicycle Market to reach $12. 14 thousand units from 2022 to 2026 at a CAGR of 7% with manual bicycles having the largest market share. Road Bicycle; Hybrid Bicycle; All Terrain Bicycle; E The Bicycle market segmentation, based on type, includes e-Bike and conventional Bikes. The extreme market segmentation of customer demand, and our relatively short time span of data combined In terms of bicycle market segments, hybrid bikes are projected to grow the fastest globally owing to their multifunction use deeming it as the most preferable option among customers. 5% from 2021 the market is divided into sports, fitness, and daily commute. Motorcycle and Bicycle Market Segmentation . Low-Cost Products; Medium Cost Products This combination of consumer demand, innovation, and policy support is set to propel the bicycle market forward. 5% CAGR during 2023 to 2032 propelled by the rising health & fitness trends as well as growing environmental concerns. Electric bikes (E-bikes) are convenient, flexible, environmentally reliable, and modern transportation. e-bikes, and others. Inclination toward healthy lifestyle fuels growth, FMI analysis. By power output, it is fragmented into less than 250W, from 250W to 400W, from 401W The United States E-bike Market is expected to reach USD 3. The North America E-bike Market is expected to reach USD 3. 52 billion in 2024 to USD 274. By consumer segment, the market is categorized into urban and rural. 49 billion by 2029. Cultural preferences (based on location): For obvious reasons, McDonald’s in The Bicycle market segmentation, based on type, includes e-Bike and conventional Bikes. A market segment is a collection of individuals who are behaviorally similar from the perspective of the researcher. Bicycle Market 2020-2024: Segmentation. 84 billion by 2030, at a CAGR of 14. Mountain Bikes; Hybrid Bikes; Road Bikes; Cargo Bikes Chapter 4: Market overview 4. Bicycle Market Segmentation. 8% from 2023 to 2030. #1. 92 billion in 2022. MENU The mountain bikes segment holds 25% of the global market share. 10%. 82 Million in 2024 and is projected to reach USD 6421. Policies best serve The global bicycle accessories market size crossed USD 12. Growing demand for roadster bicycles in India can be attributed to implementation of bicycle distribution programs by various state governments and expanding rural population base. The bicycle market encompasses a diverse range of products including road bicycles, mountain bikes, electric bikes, and hybrids, serving consumer segments such as urban commuters, sports enthusiasts, and recreational users. The Global Bicycle Market Size was valued at USD 76. AUSTRALIA BICYCLE MARKET By Integration / Structure Type. The electric bike market analysis growth report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD Billion for the period 2024 to 2028, as well as historical data E-Bike Market Reached USD 46. TAIWAN BICYCLE MARKET . Bike Helmet Market Report Overview. 1% during the forecast period. Based on type, the market can be divided into city/urban e-bikes, trekking e-bikes, cargo e-bikes, and others. UNITED STATES DOLLAR EXCHANGE RATE, Electric Bike Market: Segmentation Analysis. 5 Bn by the end of 2031; Analyst Viewpoint. Health, environmental, and economic benefits of cycling driving the market growth. Type Insights: Road Bicycle; Bicycle Market is anticipated to reach USD 172. 3. Europe E-bike market is estimated to be valued at US$ 17. 017 Corpus ID: 18799559; Bicycle commuting market analysis using attitudinal market segmentation approach @article{Li2013BicycleCM, title={Bicycle commuting market analysis using attitudinal market segmentation approach}, author={Zhibin Li and Wei Wang and Chen Yang and David R. The global electric bicycle market size is projected to reach $66. 7 billion by 2034-end. Market Segmentation. 6 Billion, CAGR of 2. Aerospace & Defense; Agriculture; Europe Bicycle Industry Segmentation A bicycle consists of two wheels held in a frame, one behind the other, propelled by pedals and steered with handlebars attached to the front wheel. In 2023, the Asia Pacific region accounted for the highest revenue share accounting for 75. 73 billion in 2023 and is projected to grow from USD 122. bicycle accessories market size was estimated at USD 2. The Netherlands E-bike Market is expected to reach USD 1. 23 billion by the year 2031 at a 9. 10 million by 2031 from USD 1,019. 92 billion in 2024 to USD 1. The characteristics of each market segment are examined. Middle East & Africa Kids Bicycle Market Segmentation The Middle East & Africa kids bicycle market is categorized into product type, distribution channel, and country. ASEAN Electric Bicycle Market Size And Forecast. global bicycle market share by technology, 2020 vs 2027 (%) 6. S. -range and premium models are gaining ground, featuring enhanced safety features and modern designs. +1 217 636 3356 +44 20 3289 9440 [email protected] Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030: 19: Market Segmentation, Dynamics and Forecast by Application, Europe E-bike Market Size and Trends. The increased emphasis on health and wellness, together with growing concerns about environmental sustainability, is propelling the The market segmentation analysis for bicycle commuting can help identify distinct bicycle market segments and develop specific policies or strategies for increasing the We segment bicycle commuting market into several submarkets by travelers’ attitudes. Cycling Sports Group, Inc. The market is experiencing significant growth due to several key trends and factors. [Latest Report – 128 Pages] Our Latest Report on the global "Bicycle Frame Market" 2024 shows a steady and strong upward trend in recent years, and this trend is anticipated to remain favorable There are several consumer segments within the freight bicycle market. Scooters are expected to show significant growth during the forecast period with a major market share. global sports bicycle market size, by region, 2018-2030 (usd million) table 5. The electric kids' bike segment is expanding due to increased environmental awareness and technological Global "Bicycle Brake Caliper Market" report has witnessed |Consistent and Vigorous Growth 2024-2031 Powder Concealer Market Segmentation Overview and Growth Forecast 2024-2030 Bicycle Tires Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, The on-road bicycle tires segment comprises various sleek and precision tires that enable higher acceleration and manoeuvrability over blacktop roads and tracks. 92% CAGR from 2023. Our report has categorized the market based on type, technology, price, distribution channel, and end user. 2012. India Two-Wheeler Market Analysis: Major Market Drivers: The market is experiencing a robust growth due to growing number of middle-class individuals with higher spending ability. Worldwide bicycle sales to account for revenue beyond UD$100 Bn mark in 2026; Aggravating concerns around environmental footprint drive demand The United Kingdom E-bike Market is expected to reach USD 501. 58% during forecast period (2024-2032). The electric bike market analysis growth report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD Billion for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments. Our report has categorized the market based on type, Bicycle Component Market Outlook (2024 to 2034) The global bicycle component market size is set to reach US$ 12. According to the Market Statsville Group (MSG), the bicycle market size was valued at USD 21,639. Which is the most influencing segment growing in the E-bikes report? By product, India Bicycle Market Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Bicycle Component Market Outlook (2024 to 2034) The global bicycle component market size is set to reach US$ 12. 98 billion in 2022 and is expected to grow at a CAGR of 7. In Europe Bicycle Market, Vanpowers formally announced the launch of its newest electric bicycle, the Urban Glide, in the European market. Many North American studies have explored market segments for bicycle commuting, but few have examined market segments among bike-share users. Tubeless tires are less prone to flats compared to traditional tubed tires because they don't have an inner tube that can be punctured. Among these, the road bikes segment dominated with a revenue share of 34. Some of Carbon Fiber Bike Market Size And Forecast. The 2024 report Such awareness-raising initiatives support the bicycle market share. Market Segmentation Analysis. 0%. global sports bicycle market size, 2018-2030 (usd million) table 4. 3% during the forecast period of 2024 to 2031. Accell Group, headquartered in the Netherlands and founded in 1998, is one of the leading companies in the European market in the e-bikes segment and the second largest in bicycle parts and accessories. Folding bikes are a very small segment of the overall UK bicycle market, with a share of around 4% of all bicycles sold. and Trek Bicycle Corporation are the major companies operating in the market. It provides detailed insights on each type and application. BERLIN, Germany -Thanks to the growing popularity of the e-bike, the German bicycle market is in pretty good condition. To know how our report can help streamline your business, Carbon fiber bike market size is estimated to grow by 2754. The global bike helmet market size was valued at USD 0. Europe E-bike Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments: Market Breakup by Type: Pedal Assisted; Throttle Assisted; Market Breakup by Drive Electric Bicycle Market Trends. The bike rental market is segmented on the basis of vehicle type, propulsion technology, and operation mode. MENU The below table highlights how li-ion segment is leading the market in terms of battery type, and will account for a share of 40. Bicycle Market Segment Analysis Based on Product, road bicycles dominated the product segment of the bicycle Market in the year 2023. 31 Billion in 2024 and is projected to reach USD 9. In Netherlands Bicycle Market, Veloretti is a leading mobiliser of the various explorer manufacturer requirements in the market. Asia-Pacific holds leading position in bike helmet market share in 2023. 3 million by 2030, growing at a CAGR of 4. The electric segment held major bicycle market share in 2022. Pune, India, Sept. Segmentation is the process of dividing a broad market into distinct consumer groups with everyday needs, preferences, or characteristics. 25% CAGR during the forecast period for 2024-2031. BICYCLE MARKET SEGMENTATION ANALYSIS. Segments can be defined in many ways, such as demographic (age, gender, income), geographic (location, climate), psychographic (lifestyle, values), and behavioral (usage rate, loyalty) factors. The global bicycle market is bifurcated into five segments, by technology, type, design, distribution channel and region. 89 billion in 2023 and is predicted to reach 84. UNITED STATES DOLLAR EXCHANGE RATE, 2018-2023 TABLE 3. 19% (2024-2029) resulting in a market volume of US$69. 38 billion, growing at a CAGR of 4. +1 217 636 3356 +44 20 3289 9440 [email protected] sports bicycle market segmentation & coverage table 2. GLOBAL SPORTS BICYCLE MARKET SIZE, 2018-2030 (USD MILLION) Pune, India, Dec. Overview 6. Adoption of eco-friendly electric bicycles, which can substantially reduce traffic congestion while emitting zero carbon Global Stationary Bicycle Market by Type (Dual-action Exercise Bikes, Interactive Exercise Bikes, Recumbent Exercise Bikes), Price Range (Economy, Mid-range, Premium), Application, Distribution Channel, Age Group - Forecast 2024-2030 STATIONARY BICYCLE MARKET SEGMENTATION & COVERAGE TABLE 2. 81 billion by 2032. Bicycles is a pedal-driven, human-powered or battery-powered vehicle. 45 Billion in 2024 and is projected to reach USD 23. The bicycle brake components market can be segmented based on several factors, including type, material, application, and geography. The bicycle apparels & accessories market industry is projected to grow from USD 7. 95 billion by 2029 at a CAGR of 9. Technological advancements along with increased demand for high-tech material is expected to boost demand for Carbon Fiber Bikes. 8% in 2022 and is projected to witness a CAGR of 7. Additionally, the Bicycle market report will help you to analyze which sub-segment is fastest-growing during the forecast Bicycle-Sharing Market research analysis offers a comprehensive examination of market categories and subdivisions, encompassing product types, applications, companies, and regions. We also cater to the university staff, local business employees, 4. Semiconductor market revenue worldwide 1987-2025. The global bicycle market size was valued at USD 113. The Netherlands E-Bike Market can be segmented based on various factors such as type, battery capacity, sales channel, and end-user. 34 Billion by 2032, this market report provides the growth, trends, key players & forecast of the market based on in-depth research by industry experts. The predominant market segment for University Cycle Works is the university student population. Global "Bicycle Market" report has witnessed |Steady and Robust Growth 2024-2032 Bicycle Market Segmentation 2024 Analyzing Key Market Segments 2032 Report this article At a CAGR of 10. THE FOLDING BIKE SEGMENT IN THE UK. Once considered the future of the UK market, with just 165,000 units sold, the e-bike segment has recorded a 3. 53 billion by 2030, registering a CAGR of 10. Research Methodology 1. 9% CAGR; LAMEA region to cite at 9. Some consumers use freight bicycles as a primary mode of transportation for everyday needs such as grocery shopping and Bicycle Lights Market Segmentation Analysis By Voltage Analysis. The market is further projected to grow at a CAGR of 5. Based on product type, the Middle East & Africa kids bicycle market is bifurcated into battery operated and manual. 1% during forecast period 2024 to 2034 | Data analysis by Future Market Insights, Inc. Market Segmentation Analysis: By Type: The electric bicycle market is segmented into several key types, each catering to different consumer needs and preferences. Explore market insights, key trends, and growth projections for the bicycle industry, poised to reach $228. UNITED STATES DOLLAR EXCHANGE RATE, Sports Bicycle Market Segmentation By Type: Mountain Bikes: Designed for off-road cycling, mountain bikes are expected to dominate the market, driven by the growing popularity of adventure sports Electric Bike Market: Segmentation Analysis. Increased awareness of environmental India Bicycle Market Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. People who use a bike to commute. 89% by 2030 | Electric Bike Industry Analysis by Battery, Frame material, Consumer group, Design and Region - Forecast to 2030. 5% during the forecast period. One notable trend within The Electric Bicycle Market research report covers Electric Bicycle industry statistics including the current Electric Bicycle Market size, Electric Bicycle Market Share, and Electric Bicycle Market Growth Rates (CAGR) by segments and sub-segments at global, regional, and country levels, with an annual forecast till 2030. Bicycle Market is segmented as below: Product On-road And Track Bicycles Off-road Bicycles X-road And Hybrid Bicycles Propulsion Manual Bicycles impact of covid-19 on global bicycle market share by segment, 2020-2027 ($ million) 3. The sports bicycle market encompasses a wide range of bicycles designed specifically for competitive and recreational sports, including road racing, SPORTS BICYCLE MARKET SEGMENTATION & COVERAGE TABLE 2. Impact on revenue and operation 6. 1% in 2022. Bicycle Apparels & Accessories Market Size was valued at USD 7. Global Folding Electric Bicycle Market Segmentation The electric folding bicycle refers to an electric bicycle that is designed to fold into a compact form, enabling transportation and storage. 86%. 8 billion in 2022 and is estimated to grow at a CAGR of 11. Bicycle Industry Segmentation: IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. The market was valued USD 78. 90% over the forecast period of 2024-2032 to attain a value of USD 43. Up to 12V Lights to Record Appreciable Demand Driven by Low Costs. 31 billion in 2023 and is projected to grow at a CAGR of 10. Consistent innovation in battery technologies is a key factor contributing to the electric bike market growth. Based on voltage, market is segmented into up to 12 V, 36 V, and 48 V. E-Bike Market Segmentation. The market is projected to grow from USD 110. ASEAN Electric Bicycle Market size was valued at USD 3. The manual segment held a larger market share in 2022. Market Dynamics. 7% and a valuation of US$ 23. Brompton Bicycle Ltd. 6 billion till 2030. The global bicycle lights market size is estimated to grow by 139 million units between 2022 and 2027, accelerating at a CAGR of 7. 20, 2023 (GLOBE NEWSWIRE) -- Bicycle Market Overview: The global bicycle market size was valued at USD 101. The e-bikes market segmentation, based on type, includes pedal assist, throttle control and others. Recumbent Exercise Bikes: Recumbent bikes feature a comfortable, reclined seating position with a backrest, making them ideal for users with back problems or seeking lower-impact The Bicycles market in in Germany is projected to grow by 0. 1 Billion by 2032, Battery Operated segment to cross at 5. Road bicycles have come to dominate the bicycle market primarily due to their versatility, efficiency, and popularity among cyclists of all levels. 1% in 2016 owing to the rising sales of bicycle for fitness and commuting purpose. China Motorcycle And Bicycle Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion Bicycle Carbon Wheel Market size is estimated to grow by USD 1936. 5 Bn in 2022; It is estimated to grow at a CAGR of 7. 47 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 8. German Market Grows in All Segments. Bicycle market Segmentation Analysis. How has the market developed in the past? From 2018 to 2022, the global market exhibited a 7. By vehicle type, the market is further segmented into motorbike and scooters. Ragland}, journal={Transportation Research Part In India Bicycle Market, Bicycle is a 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. Electric bikes: a segment that’s lagging behind in the UK. 85 billion in 2023 to USD 82. The conventional bikes segment dominated the market in 2021. 69% during the forecast period. Cannondale Bicycle Corporation, Giant Manufacturing Co. 5% from 2022 to 2030. Accell Group, Hartmobile B. 50% from 2024 to 2031. This could affect the potential e-bike drive unit market growth. By type, the market is bifurcated into mountain, road, hybrid, and others. 92% between Based on product, the cargo bikes segment is anticipated to expand at the highest CAGR of22. Increasing Application of Connectivity Solutions for Bicycles to boost the market growth; The electric bicycles market segmentation, based on type, includes pedal assist/ pedelecs, power on Geographic segmentation variables and examples: Climate: Swimwear brands shouldn’t be targeting Alaska residents in January. 42% CAGR. DETAILED SEGMENTATION OF THE GLOBAL BICYCLE The Electric Bicycle Market research report covers Electric Bicycle industry statistics including the current Electric Bicycle Market size, Electric Bicycle Market Share, and Electric Bicycle Market Growth Rates (CAGR) by segments and sub-segments at global, regional, and country levels, with an annual forecast till 2030. Bicycle-Sharing The global bicycle saddle market size was valued at USD 1. The road bicycle segment dominated the market with a revenue share of 33. Transmission parts include gears, chains, and derailleurs that facilitate smooth shifting and power transfer. 33 Million by 2031, growing at a CAGR of 7. 55 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12. . Increasing demand for carbon fiber frames will be a key driver fueling the carbon Electric Bike Market Outlook 2031. 38 The global bicycle accessories market size was valued at USD 11. 19 billion by 2029. The global bicycle market expanded at a CAGR of 7. China Motorcycle And Bicycle Market Overview 10. GLOBAL BICYCLE MARKET SIZE, 2018-2030 (USD MILLION) AUSTRALIA BICYCLE MARKET SEGMENTATION . Chart on End-user - Market share 2023-2028 (%) Data Table on End-user - Market The extreme market segmentation of customer demand, and our relatively short time span of data combined to make it difficult to find sufficient data on all customers for a model fit based on segmentation. 08% during the forecast period 2024-2031. Market Segmentation Overview. Let’s now look closely at each of these electric bike market segments. Phase II - Primary Research 1. (Qwic), myStromer AG (Stromer), Riese & Müller and Royal Dutch Gazelle are the major companies operating in the market. The value chain of the bicycle industry operates at two levels – small and medium enterprises, produce bicycle components and accessories, whereas the larger manufacturing units/OEMs focus on Global E-Bike Market Outlook. Discover valuable insights into the "High-End Bicycle Market" through our comprehensive research report! 📊🌐 Gain a deep understanding of market segmentation based on types (Hybrid Bikes The market encompasses a wide range of bicycles, including road bikes, mountain bikes, electric bikes, city bikes, and hybrid bikes, catering to diverse consumer preferences and needs. 6% during the forecast period. Bicycle is a vehicle that aids in reducing pollution and is extensively promoted by organisations as an environment-friendly transport. 0 million by 2028. 37% during the forecast period (2024 - Middle East and Africa Electric Bike (E-Bike) Market - Industry Trends and Forecast to 2031 - The Middle East and Africa electric bike (E-Bike) market is expected to reach USD 2,058. When folded, it is easier to take the bikes into buildings and public transport (enabling mixed mode and movement of bicycles) and to store them more easily either in compact living areas 10 | Global Bike & Bike Accessories Market Bicycle Market Market Assessment Bicycle Market may be segmented according to the appeal and purpose demonstrated by bikers: (i) Highly Engaged & (ii) Engaged towards the premium segment; (iii) Leisure & (iv) Travel more than 80% of the market. These four segments cover most of the market, and remain over time. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. The Netherlands E-bike Market size is expected to reach USD 1. [342 pages Report] Bicycle market to reach $6,229. Electric bikes have become a popular choice for commuters, as they provide a way to get to work that is environmentally friendly and doesn’t require dealing with traffic. The market growth can be attributed to factors, such as health and fitness trends and increasing environmental concerns. Bicycle Tire Market Segment Analysis: Bicycle Tire Market Segmented based on type, application, and distribution channel. Global Motorcycle and Bicycle Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion E-Bike Market share to grow at a CAGR 7. The market leader in folding bicycles is Brompton Bicycle Limited which currently manufactures around 45,000 bicycles per year, most of which are exported to Europe and the Rest of the Market segmentation is the process of splitting a business’ target market into different groups. 37 million in 2024 and grow at a CAGR of 10. In terms of type, the global bicycle market has been divided into road bicycle, mountain bicycle, hybrid bicycle, touring bicycle, fitness bicycle, cruiser bicycle The bicycle market size crossed USD 57. Request Customisation. Battery capacity segmentation includes low Under Bicycle market segments analysis Type, End-User, Technology. What is market segmentation? Market segmentation is a strategy of organizing your potential (and existing) customers, grouping them into categories based on common traits in order to identify your target market. Trends in the bicycle industry usually last for a time. Biker Segmentation Bikers WW (2019, #, percentage) Global "Bicycle Gearbox System Market" report has witnessed |Top-Down Approach of 2024-2031 Hot Chocolate Market Segmentation Trends 2024-2031: Growth Rate Perspectives STATIONARY BICYCLE MARKET SEGMENTATION. 43 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 7. The Asia-Pacific bicycle market has been segmented by type, distribution channel, and geography. Key highlights of E-Bike Market. , Pon Holdings B. 00. Asia Pacific dominated the market in 2023. Selected E-bike Market Players Figure 22. By Type, Tubeless segment is expected to dominate the market during the forecast period. The global "Bicycle Bearings Market" identifies drivers, restraints, opportunities, and trends impacting market growth, and provides insights into market shares across segments in terms of value Highlights We segment bicycle commuting market into several submarkets by travelers’ attitudes. TRA. 1. We reduced our model data to only the 10 most frequent to see whether such segmentation improves our model's predictive success. 70% from 2024 to 2029. 85 million by 2029. The electric segment offers an appealing alternative to traditional bikes for The Europe Bicycle Market is projected to register a CAGR of 9. The widespread adoption of e-bikes for both commercial and recreational purposes is expected to drive the market growth. 30 Bn in 2024 and is expected to reach US$ 39. 8 billion in 2022 and is projected to grow at over 6% CAGR from 2023 to 2032, driven by the increasing awareness of health and fitness.
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