Global Bicycle and Components Market Growth 2023-2029

Global Bicycle and Components Market Growth 2023-2029

In order to lower the pollution levels, government in various countries are increasingly encouraging adoption of bicycles as a short mode of transportation. As the need for eco-friendly mode of commutation remains high, demand for bicycles will continue to increase significantly. The ruling authorities in various countries are encouraging adoption of bicycles as a public transport in metro stations and bus stands. In addition, growing need for riding bicycles to maintain health and fitness will continue to fuel growth of the global bicycle components market.

LPI (LP Information)' newest research report, the “Bicycle and Components Industry Forecast” looks at past sales and reviews total world Bicycle and Components sales in 2022, providing a comprehensive analysis by region and market sector of projected Bicycle and Components sales for 2023 through 2029. With Bicycle and Components sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bicycle and Components industry.

This Insight Report provides a comprehensive analysis of the global Bicycle and Components landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bicycle and Components portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bicycle and Components market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bicycle and Components and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bicycle and Components.

The global Bicycle and Components market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Rising adoption of cycling as a fun and fitness activity is a key factor boosting the bicycle and components market. Cycling helps stimulate physical and mental health, and rising consumer acceptance that this activity fosters health and well-being is aiding the growth of this market. Cycling is increasingly being adopted as a recreation activity that individuals indulge into with friends and family. Health practitioners worldwide recommend cycling as an aerobic activity, and serves as preventive care against several diseases such as stroke, heart attack, some cancers, and depression. Cycling is considered to be an effective activity to reduce or maintain weight as a preventive against several lifestyle diseases.

This report presents a comprehensive overview, market shares, and growth opportunities of Bicycle and Components market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Rims
Saddles
Frames

Segmentation by application
Mountain Bikes
Road Bikes
City Bikes
Electric Bikes
Children Bikes
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Giant Bicycles
Atlas Cycles
Avon Cycles
Cannondale Bicycle Corporation
Accell Group
Caloi
Merida Industry
Currie Technologies
Dorel
Shimano
SunTour

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bicycle and Components market?

What factors are driving Bicycle and Components market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bicycle and Components market opportunities vary by end market size?

How does Bicycle and Components break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.