The global sales of bicycle and components surpassed 1.4 billion units in 2018, as revealed by a new market research study of Persistence Market Research (PMR). The global bicycle and components market is set to witness a strong 6% CAGR during the course of forecast period, 2019 – 2029. The demand for bicycle and components is primarily influenced by increasing crude oil prices and rising awareness among consumers regarding health issues due to air pollution.
Depletion of oil reserves across the globe will remain among the key factors necessitating adoption of sustainable transportation means, thereby fueling the growth of bicycle and components market. As a viable transportation alternative, bicycles are gaining traction among all age groups, which would shape the long-term growth of bicycle and components market.
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FACTS AT A GLANCE
Companies: Shimano, Inc.,VELO,Brooks England SRL,Specialized Bicycle Components, Inc. ,Speedplay Inc. ,Accell Group N.V.,Samchuly Bicycle Co., Ltd. ,Strider Sports International, Inc. ,Neco Technology Industry Co. Ltd. ,LOOK
Coverage: All major geographies and key segments
Segments: Bicycle and Components Market Segmented By Bicycle Accessories, Mountain Bicycle, Road Bicycle, Hybrid Bicycle, Youth Bicycle, Comfort Bicycle, Cruiser Bicycle, Electric Bicycle, Saddle Component, Pedal Component, Rim Component, Frame Component, Brake Component
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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PMR recently published a market research report on the global bicycle and components market. The study provides detailed assessment on the key market dynamics such as drivers, trends, opportunities, restraints, and comprehensive information about the global bicycle and components market structure. The market research report represents exclusive facts and figures about how the global bicycle and components market will grow over the forecast period of 2019-2029.
Key indicators of the market growth, such as Year-on-Year (Y-o-Y) growth ,Compounded Annual Growth Rate (CAGR), value chain analysis, and supply chain of the market are explained in PMR study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the global bicycle and components market over the forecast period.
The study is relevant for stakeholders in the global bicycle and components market, including global bicycle and components investors, distributors, suppliers, and manufacturers. These can also help them understand appropriate strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the global bicycle and components market can leverage the information and data presented in PMR study.
The study comprises of facts and statistics related to the micro as well as macroeconomic factors that are impacting developments in the market. The report also offers actionable insights based on future trends in the global bicycle and components market. Furthermore, small players and new entrants in the global bicycle and components market can also use the information presented in this report to make business decisions and gain momentum in the market.
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