0

Bicycle Bags Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71443
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The bicycle bags market share is expected to increase by USD 31.65 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.07%.

This bicycle bags market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and MEA). The bicycle bags market report also offers information on several market vendors, including Arkel, ASG International SRL, Axiom Cycling Gear, Basil BV, ORTLIEB Sportartikel GmbH, Thule Group AB, TOPEAK Inc., Trek Bicycle Corp., VAUDE Sport GmbH and Co. KG, and Vista Outdoor Inc. among others.

What will the Bicycle Bags Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Bicycle Bags Market Size for the Forecast Period and Other Important Statistics

 

Bicycle Bags Market: Key Drivers and Trends

The growing disposable incomes are notably driving the bicycle bags market growth, although factors such as the presence of counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bicycle bags industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bicycle Bags Market Driver

One of the key factors driving growth in the bicycle bags market is the growing disposable income. The economic recovery in developing countries and the stable economic growth of most developed countries are the major reasons for the growth in disposable incomes. High disposable incomes allow consumers to opt for high-end products. The increase in vehicle traffic is prompting people to use bicycles for traveling short distances. Moreover, the growing popularity of adventure sports and mountain biking is encouraging people to buy high-end bicycles. To cater to the growing demand from consumers, vendors are focusing on launching new models of high-end bicycles in the market. The growth in disposable incomes, along with the increasing number of product offerings by vendors, is expected to drive market growth.

The government initiatives to promote cycling is another major factor supporting the bicycle bags market share growth. The governments of various countries, such as China, Japan, the UK, the Netherlands, and New Zealand, are launching several schemes to encourage people to opt for bicycles for daily commutes due to the increasing air and noise pollution. Hence, support from governments to encourage cycling will lead to an increase in the demand for bicycles, which will, in turn, increase the demand for bicycle bags during the forecast period. 

This bicycle bags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Bicycle Bags Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arkel
  • ASG International SRL
  • Axiom Cycling Gear
  • Basil BV
  • ORTLIEB Sportartikel GmbH
  • Thule Group AB
  • TOPEAK Inc.
  • Trek Bicycle Corp.
  • VAUDE Sport GmbH and Co. KG
  • Vista Outdoor Inc.

 

This statistical study of the bicycle bags market encompasses successful business strategies deployed by the key vendors. The bicycle bags market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bicycle bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bicycle Bags Market?

For more insights on the market share of various regions Request for a FREE sample now!

42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for bicycle bags in North America. However, the market growth in North America will be slower than the growth of the market in other regions.

The growth of the online sales channel and the availability of import options in North America have increased the demand for high-end mountain and sports bicycles. This will facilitate the bicycle bags market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Bicycle Bags Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The bicycle bags market share growth by the offline segment will be significant during the forecast period. Offline distribution channels generate revenue from the sale of products through specialty stores, including exclusive brand stores, multi-brand stores, apparel stores, factory outlets, airport retail stores, and personal goods stores; hypermarkets, supermarkets, convenience stores, and clubhouse stores; and department stores.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bicycle bags market size and actionable market insights on post COVID-19 impact on each segment.

 

Bicycle Bags Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.07%

Market growth 2022-2026

$ 31.65 million

Market structure

Fragmented

YoY growth (%)

3.60

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 42%

Key consumer countries

US, Germany, UK, France, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Arkel, ASG International SRL, Axiom Cycling Gear, Basil BV, ORTLIEB Sportartikel GmbH, Thule Group AB, TOPEAK Inc., Trek Bicycle Corp., VAUDE Sport GmbH and Co. KG, and Vista Outdoor Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition 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.

Request for a FREE sample

What are the Key Data Covered in this Bicycle Bags Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive bicycle bags market growth during the next five years
  • Precise estimation of the bicycle bags market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bicycle bags industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bicycle bags market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2021-2026
    • Online - Market size and forecast 2021-2026
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Arkel
      • ASG International SRL
      • Axiom Cycling Gear
      • Basil BV
      • ORTLIEB Sportartikel GmbH
      • Thule Group AB
      • TOPEAK Inc.
      • Trek Bicycle Corp.
      • VAUDE Sport GmbH and Co. KG
      • Vista Outdoor Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The bicycle bags market growth will increase by $31.65 million during 2021-2026.
      The bicycle bags market is expected to grow at a CAGR of 4.07% during 2021-2026.
      Technavio has segmented the bicycle bags market by distribution channel (Offline and Online) and geographic (North America, Europe, APAC, South America, and MEA).
      Arkel, ASG International SRL, Axiom Cycling Gear, Basil BV, ORTLIEB Sportartikel GmbH, Thule Group AB, TOPEAK Inc., Trek Bicycle Corp., VAUDE Sport GmbH and Co. KG, Vista Outdoor Inc. are a few of the key vendors in the bicycle bags market.
      North America will register the highest growth rate of 41.86% among the other regions. Therefore, the bicycle bags market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Germany
      • UK
      • France
      • Canada
      The key factors driving the bicycle bags market growth are:
      • Growing disposable incomes
      The bicycle bags market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Discretionary
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>