Global Road Bicycle Market Growth 2023-2029

Global Road Bicycle Market Growth 2023-2029

Road Bikes is used to describe bicycles built for traveling at speed on paved roads. Some sources use the term to mean racing bicycle. Other sources specifically exclude racing bicycles from the definition, using the term to mean a bicycle of a similar style but built more for endurance and less the fast bursts of speed desired in a racing bicycle; as such, they usually have more gear combinations and fewer hi-tech racing features.
LPI (LP Information)' newest research report, the “Road Bicycle Industry Forecast” looks at past sales and reviews total world Road Bicycle sales in 2022, providing a comprehensive analysis by region and market sector of projected Road Bicycle sales for 2023 through 2029. With Road Bicycle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Road Bicycle industry.
This Insight Report provides a comprehensive analysis of the global Road Bicycle 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 Road Bicycle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Road Bicycle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Road Bicycle 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 Road Bicycle.
The global Road Bicycle market size is projected to grow from US$ 4090.1 million in 2022 to US$ 4556.9 million in 2029; it is expected to grow at a CAGR of 4556.9 from 2023 to 2029.
In the global market, the core manufacturers of road bicycle include Giant and Trek etc, and the top 2 manufacturers account for above 20% of the market share. aluminum road bike accounted for 58% and carbon fiber road bike accounted for 30%. The product is mainly used in transportation tools and racing fields, with a share of 76% and 24%.
This report presents a comprehensive overview, market shares, and growth opportunities of Road Bicycle market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Aluminum Road Bike
Carbon Fiber Road Bike
Others
Segmentation by application
Transportation Tools
Racing
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
Trek
Accell
Merida
Cube
Cannondale
Grimaldi Industri
Specialized
Fuji Bikes
Hero Cycles
Scott Sports
LOOK
Atlas
Xidesheng Bicycle
Shanghai Phonex
KHS
Key Questions Addressed in this Report
What is the 10-year outlook for the global Road Bicycle market?
What factors are driving Road Bicycle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Road Bicycle market opportunities vary by end market size?
How does Road Bicycle 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.