Global Road Bikes Market Growth 2023-2029

Global Road Bikes 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 Bikes Industry Forecast” looks at past sales and reviews total world Road Bikes sales in 2022, providing a comprehensive analysis by region and market sector of projected Road Bikes sales for 2023 through 2029. With Road Bikes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Road Bikes industry.

This Insight Report provides a comprehensive analysis of the global Road Bikes 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 Bikes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Road Bikes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Road Bikes 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 Bikes.

The global Road Bikes market size is projected to grow from US$ 4090.5 million in 2022 to US$ 4460.5 million in 2029; it is expected to grow at a CAGR of 4460.5 from 2023 to 2029.

Global road bikes key players include Giant, Trek, Merida, Hero Cycles, etc. Global top four manufacturers hold a share over 35%.

Europe is the largest market, with a share over 30%, followed by Asia-Pacific, and North America, both have a share over 50 percent.

In terms of product, aluminum road bike is the largest segment, with a share over 70%. And in terms of application, the largest application is transportation Tools, followed by racing.

This report presents a comprehensive overview, market shares, and growth opportunities of Road Bikes 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

Merida

Scott Sports

Accell Group

Fuji Bikes

Specialized

Dorel Industries

Cube

Grimaldi Industri

Derby Cycle

Hero Cycles

Look Cycle

Xidesheng Bicycle

Shanghai Phoenix

KHS

Trinx Bikes

Atlas Cycles

Laux Bike

Cannondale

Hero Cycles

LOOK

Key Questions Addressed in this Report

What is the 10-year outlook for the global Road Bikes market?

What factors are driving Road Bikes market growth, globally and by region?

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

How do Road Bikes market opportunities vary by end market size?

How does Road Bikes 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.