Global Sports Bicycle Market 2017-2021

March 02, 2017

General retail goods and services is one industry that has grown exponentially over the past few decades. Increased purchasing power and exposure to better lifestyle have played an important role in increasing the reach of this market across the globe. Market research analysts at Technavio are of the view that greater disposable income has resulted in the mushrooming of general retail goods and services in all the major cities of the world. With hands-on experience in capturing customer insights, growing industry requirements along with the use of the most advanced research tools, our analysts provide clients with a comprehensive coverage of the consumer and retail industry. Some of the major vendors that have carved a niche for themselves in the global market include Adidas, IKEA, Procter & Gamble, Tesco, Unilever, and Walmart.

To meet the client’s specific business needs, this upcoming market research report on sports bicycle considers the growth trajectory of similar markets such as children’s bicycle and hard adventure sports equipment, which are anticipated to grow at a CAGR of about 2% by 2020. The increasing focus on staying fit because of the increasing cases of obesity and other health-related issues will contribute significantly to the growth of the market. Moreover, the need to de-stress and break away from a mundane lifestyle will also compel people to take up adventure sports and cycling. With an in-depth analysis of the various parameters including the shift in customer preferences and the overall market performance, Technavio offers customized reports that help businesses identify new growth opportunities.

The upcoming report for sports bicycle also identifies the important drivers, emerging trends, as well as the key challenges witnesses by the consumer and retail sector. To offer a detailed overview of the future direction of the consumer and retail industry, the market study also offers insights into the changing competitive landscape and the products and services offered by major market suppliers and their presence across various geographical regions.