Bicycle & Components Market is Set for Rapid Growth And Trend by 2025

Global bicycle and component market is expected to witness moderate growth during the forecast period. The market growth is majorly attributed to increasing awareness regarding health benefits of cycling, increasing need of fuel-efficient, environment friendly intra-city transportation mode, growing trend of e-bikes, and promotion of bicycles by governing bodies. Furthermore, bicycle sharing has become widely prevalent throughout Asia, Europe, and Americas to encourage cycling as a mode of transport in cities. Increasing traffic congestions in cities is leading to rise in pollution levels and disturbed mentality among citizens. For this, bicycles especially e-bikes have been proven as a beneficial alternative.

Improvements in bicycle design and increasing government support for green transportation modes is driving growth of the market. Availability of resources to evaluate bicycle designs and technologies has positively impacted the adoption of advanced bicycles including e-bikes. One of the advancements in bicycles include collision-warning sensors to detect the possibility of a collision through a laser sensor. Furthermore, capital issued by federal governments to improve public health and transport is one of the primary factors driving growth of the bicycles components market.

Request for Sample Copy of this Report :

Distribution channels for the sale of bicycles

Bicycles and components can reach to the consumer through mass merchants, specialty bicycle retailers, outdoor specialty stores, sports stores, and others including online stores. In the U.S., around 74% of bicycle units were sold by mass merchants in 2015; while bicycling retailers accounted for around 13% of the share in terms of units sold in the region. However, 49% of the revenue was generated by bicycling retailers. Such strong network of supply for bicycling products in the region has further boosted the market growth of the U.S. bicycle and component market.

High adoption of carbon frames in bicycle industry

Carbon fiber is a strong and light weight polymer composite that is used as a raw material to manufacture a bicycle. This material is stiffer and its stiffness can be finely manipulated divergent to metals which are isotropic. Furthermore, carbon frames are handmade and are repairable. Such properties of carbon frame has made it a preferred choice over metallic frames among manufacturers.   By region, Asia Pacific is the largest supplier of carbon across the globe and is expected to witness significant growth during the forecast period.

Health benefits of cycling and initiatives by governments

According to the World Health Organization (WHO), in 2016 more than 1.9 billion adults were overweight, of which more than 650 million were obese. This trend is expected to increase, owing to changing lifestyle, eating habits, and genetic mutations. This growing concern has led society to be more focused on exercise and healthy living. For this, bicycles have witnessed widespread appreciation across the globe. Governing bodies of various economies have started initiatives to promote cycling for healthy living and pollution control. For instance, in Netherlands almost the entire community uses bicycles on daily basis. In Japan, bureaucrats & ministers travel to work on bicycles. Furthermore, public bicycle sharing is a growing trend in the U.S., the UK, the Netherlands, and China. Cycle to Work scheme is a UK Government tax exemption initiatives introduced in the Fiannce Act 1999 to urge people to use environment friendly mode of transport. For instance, a scheme launched in the UK for employees which saves up to 25-39% on a bike and accessories.

Some of the key players operating in the global bicycle & components market include Alma Lasers Ltd., Cutera Inc., Cynosure Inc., Fotona d.d., Lumenis Ltd., Lutronic Corp., Lynton Lasers Ltd., Sciton Inc., Solta Medical Inc., Syneron Medical Ltd., Strata Skin Sciences Inc., and Venus Concept Canada Corp.

Request for Customization as per your need :

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

Visit our news Website:

You may be interested

Researchers Optimize Laser Sintering For Printed Electronics
Information Technology and Gadgets
Information Technology and Gadgets

Researchers Optimize Laser Sintering For Printed Electronics

Mohit Joshi - October 16, 2018

Research at the Soonchunhyang University provides insights into the processing of copper nanoparticle ink with green laser light Standard printing techniques develop printed electronics on different substrates…

Researchers Develop Novel Method to Fight Sepsis

Researchers Develop Novel Method to Fight Sepsis

Mohit Joshi - October 15, 2018

Researchers developed a novel method to fight sepsis, according to a study published on September 11, 2018. This study was conducted by the researchers at the Washington…

Digital Health Market Expansion to be Persistent During 2026

Digital Health Market Expansion to be Persistent During 2026

Albert R - October 12, 2018

"The Digital Health Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released Digital Health Market research…

Most from this category