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NEW YORK, Nov. 29, 2022 /PRNewswire/ — The global high-end bicycle market has been categorized as a part of the global leisure products market. The parent market, the global leisure products market, covers a variety of categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games.
The high-end bicycle market size is expected to grow by USD 4786.35 million from 2022 to 2027. In addition, the growth momentum of the market will accelerate at a CAGR of 6.16% during the forecast period, according to Technavio.
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The high-end bicycle market report covers the following areas:
Accell Group NV, BH BIKES EUROPE SL, Cicli Pinarello Srl, DAHON North America Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Kona Bicycle Co., LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Samchuly Bicycle Co. Ltd., Santa Cruz Bicycles LLC, SCOTT Sports SA, Specialized Bicycle Components Inc., Storck Bicycle GmbH, and Trek Bicycle Corp. are among some of the major market participants.
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The high-end bicycle market share growth in the hybrid bikes segment will be significant during the forecast period. A hybrid bicycle is a combination of a touring bike, a mountain bike, and a road bike, used for riding over different types of terrains. They can also be used for commuting on a daily basis. Hybrid bikes have benefits such as stability, comfort, and ease of use. Hence, their popularity among cyclists, casual riders, commuters, and children has increased significantly.
35% of the market’s growth will originate from North America during the forecast period. The growth of the regional market is attributed to factors such as the availability of a large number of vendors and the increasing disposable income of a major share of the population. The growing disposable income allows people to opt for high-end bicycles for various applications.
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Children’s Bicycle Market by Type and Geography – Forecast and Analysis 2022-2026: The children’s bicycle market share is expected to increase by USD 3.07 billion from 2021 to 2026. This report extensively covers market segmentation by type (18 inches, 20 inches, 16 inches, and 24 inches) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).
Sports Bicycle Market by Product and Geography – Forecast and Analysis 2022-2026: The sports bicycle market share is expected to increase by USD 5.22 billion from 2021 to 2026. This report extensively covers segmentation by product (mountain bicycles, cyclo-cross bicycles, road racing bicycles, and track bicycles) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
High-End Bicycle Market Scope
Report Coverage
Details
Page number
120
Base year
2022
Historical year
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 6.16%
Market growth 2023-2027
USD 4786.35 million
Market structure
Fragmented
YoY growth (%)
5.78
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
North America at 35%
Key consumer countries
US, China, Germany, the UK, and France
Competitive landscape
Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Companies profiled
Accell Group NV, BH BIKES EUROPE SL, Cicli Pinarello Srl, DAHON North America Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Kona Bicycle Co., LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Samchuly Bicycle Co. Ltd., Santa Cruz Bicycles LLC, SCOTT Sports SA, Specialized Bicycle Components Inc., Storck Bicycle GmbH, and Trek Bicycle Corp.
Market Dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Consumer Discretionary Market Reports
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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