Global Gear Bicycle Market Size Study, by Sales Channel (Online, Offline), by Application (Adventure, Sports), by End User (Men, Women), and Regional Forecasts 2022-2032
The Global Gear Bicycle Market, valued at USD 37.3 billion in 2023, is expected to grow at a steady CAGR of 5.9% over the forecast period 2024-2032. Gear bicycles, available in types such as electric and mountain bikes, provide enhanced comfort and efficiency by allowing cyclists to shift gears across various terrains. The increasing global focus on health and fitness, coupled with the low maintenance costs of bicycles, is driving the demand for gear bicycles.
The demand for gear bicycles market is growing significantly, supported by various cycling associations promoting bicycle usage for sports and recreation. Electric bicycles, equipped with gears, are gaining traction as a preferred mode of travel for tourists and urban dwellers due to their affordability and ease of use. Despite the growing demand, the Gear Bicycle Market faces challenges in some developing countries due to the higher costs associated with gear bicycles compared to conventional bikes. However, advancements in lightweight bicycle components, such as aluminum and carbon fiber frames, and the integration of technologies like GPS and Bluetooth are expected to drive further growth in the market.
The Asia-Pacific region is the leading region in the global gear bicycle market. This leadership is primarily driven by the region's large and growing population, particularly in countries like China and India, where cycling is a common mode of transportation. The rising middle-class population in these countries has led to increased disposable income, which, in turn, boosts the demand for higher-quality, gear bicycles. Additionally, the increasing awareness of health and fitness has contributed to the popularity of cycling as a recreational and fitness activity.
Major Market Players Included in this Report:
Specialized Bicycle Components, Inc.
Scott Sports SA
Colnago Ernesto & C. S.r.l.
Trek Bicycle Corporation
Stryder Cycle Private Limited
Kross Bikes
Accell Group N.V.
Giant Bicycles India
Firefox Bikes
Merida Industry Co., Ltd.
Fuji Bikes (a division of Advanced Sports International)
Kona Bicycle Company
Orbea
Marin Bikes
Raleigh Bicycle Company
The detailed segments and sub-segment of the market are explained below:
By Sales Channel:
Online
Offline
By Application:
Adventure
Sports
By End User:
Men
Women
By Region:
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East
Saudi Arabia
South Africa
Rest of Middle East and Africa
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2023 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with Country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- Chapter 1. Global Gear Bicycle Market Executive Summary
- 1.1. Global Gear Bicycle Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Sales Channel
- 1.3.2. By Application
- 1.3.3. By End User
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Gear Bicycle Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Gear Bicycle Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increase in Health Awareness
- 3.1.2. Low Maintenance Costs
- 3.1.3. Surge in Outdoor Sports
- 3.2. Market Challenges
- 3.2.1. Low Demand for Gear Bicycles in Developing Countries
- 3.2.2. High Initial Costs
- 3.3. Market Opportunities
- 3.3.1. Growth in Electric Bike Segment
- 3.3.2. Lightweight Bicycle Components
- 3.3.3. Rise in Rental Bicycle Services
- Chapter 4. Global Gear Bicycle Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Gear Bicycle Market Size & Forecasts by Sales Channel (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global Gear Bicycle Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Online
- 5.2.2. Offline
- Chapter 6. Global Gear Bicycle Market Size & Forecasts by Application (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global Gear Bicycle Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Adventure
- 6.2.2. Sports
- Chapter 7. Global Gear Bicycle Market Size & Forecasts by End User (2022-2032)
- 7.1. Segment Dashboard
- 7.2. Global Gear Bicycle Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Men
- 7.2.2. Women
- Chapter 8. Global Gear Bicycle Market Size & Forecasts by Region (2022-2032)
- 8.1. North America Gear Bicycle Market
- 8.1.1. U.S. Gear Bicycle Market
- 8.1.1.1. Sales Channel breakdown size & forecasts, 2022-2032
- 8.1.1.2. Application breakdown size & forecasts, 2022-2032
- 8.1.1.3. End User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Gear Bicycle Market
- 8.1.3. Mexico Gear Bicycle Market
- 8.2. Europe Gear Bicycle Market
- 8.2.1. Germany Gear Bicycle Market
- 8.2.2. UK Gear Bicycle Market
- 8.2.3. France Gear Bicycle Market
- 8.2.4. Italy Gear Bicycle Market
- 8.2.5. Rest of Europe Gear Bicycle Market
- 8.3. Asia-Pacific Gear Bicycle Market
- 8.3.1. China Gear Bicycle Market
- 8.3.2. Japan Gear Bicycle Market
- 8.3.3. India Gear Bicycle Market
- 8.3.4. South Korea Gear Bicycle Market
- 8.3.5. Rest of Asia-Pacific Gear Bicycle Market
- 8.4. LAMEA Gear Bicycle Market
- 8.4.1. Brazil Gear Bicycle Market
- 8.4.2. Middle East Gear Bicycle Market
- 8.4.3. Africa Gear Bicycle Market
- Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Specialized Bicycle Components, Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Scott Sports SA
- 9.3.3. Trek Bicycle Corporation
- 9.3.4. Stryder Cycle Private Limited
- 9.3.5. Kross Bikes
- 9.3.6. Colnago Ernesto & C. S.r.l.
- 9.3.7. Accell Group N.V.
- 9.3.8. Giant Bicycles India
- 9.3.9. Firefox Bikes
- 9.3.10. Merida Industry Co., Ltd.
- 9.3.11. Fuji Bikes (a division of Advanced Sports International)
- 9.3.12. Kona Bicycle Company
- 9.3.13. Orbea
- 9.3.14. Marin Bikes
- 9.3.15. Raleigh Bicycle Company
- Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- List of Tables
- TABLE 1. Global Gear Bicycle Market, report scope
- TABLE 2. Global Gear Bicycle Market estimates & forecasts by Region (2022-2032) (USD Billion)
- TABLE 3. Global Gear Bicycle Market estimates & forecasts by Sales Channel (2022-2032) (USD Billion)
- TABLE 4. Global Gear Bicycle Market estimates & forecasts by Application (2022-2032) (USD Billion)
- TABLE 5. Global Gear Bicycle Market estimates & forecasts by End User (2022-2032) (USD Billion)
- ...
- This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- FIG 1. Global Gear Bicycle Market, research methodology
- FIG 2. Global Gear Bicycle Market, market estimation techniques
- FIG 3. Global market size estimates & forecast methods
- FIG 4. Global Gear Bicycle Market, key trends (2023)
- FIG 5. Global Gear Bicycle Market, growth prospects (2022-2032)
- FIG 6. Global Gear Bicycle Market, Porter's 5 Force Model
- FIG 7. Global Gear Bicycle Market, PESTEL analysis
- FIG 8. Global Gear Bicycle Market, value chain analysis
- FIG 9. Global Gear Bicycle Market by Sales Channel (2022-2032) (USD Billion)
- FIG 10. Global Gear Bicycle Market by Application (2022-2032) (USD Billion)
- FIG 11. Global Gear Bicycle Market by End User (2022-2032) (USD Billion)
- ...
- This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.
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