High-End Bicycle Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The high-end bicycle market share is expected to increase by USD 3.88 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.00%.

The 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 product (hybrid bikes, mountain bikes, road bikes, track bikes, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA). This report also offers information on several market vendors, including Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp. among others.

What will the High-End Bicycle Market Size be During the Forecast Period?

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High-End Bicycle Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing popularity of e-commerce is notably driving the market growth, although factors such as the high maintenance of e-bikes 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 high-end bicycle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High-End Bicycle Market Driver

One of the key factors driving growth in the market is the growing disposable income. Economic recovery in developing countries and stable economic growth of most developed countries are the major reasons for the growth in disposable income. High disposable income allows consumers to opt for high-end products. The increasing GDP per capita in developing countries is also contributing to household spending on high-end products. The growing awareness about health and fitness is driving the adoption of high-end bicycles. The increase in vehicle traffic is also prompting people to use bicycles for traveling short distances. 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 income, along with the increasing product offerings by vendors, is expected to drive the growth of the global market.

Key High-End Bicycle Market Trend

The smart features in high-end bikes is another factor supporting the market share growth. The global high-end bicycle market is currently undergoing significant technological advances. Vendors are not just developing smart bikes but are also developing ways to incorporate smart features in their existing range of bikes. Most e-bikes are equipped with intelligent assistance techniques that allow users to connect their bicycles with their smartphones. The increasing adoption of these devices and growing investment in the research and development (R&D) of newer technologies for high-end bicycles may drive the demand for these bikes and positively impact the global market in the coming years.

Key High-End Bicycle Market Challenge

The high maintenance of e-bikes will be a major challenge for the market during the forecast period. Despite gaining significant popularity globally in recent years, E-bikes face a threat in developing countries. Although in Europe, the e-bike market is witnessing strong growth, the market in developing countries of APAC and South America witnesses various challenges, such as the lack of proper infrastructure. The lack of necessary infrastructure to support and encourage commute through e-bikes is significantly limiting the sales of these bikes. Many developing countries do not have bicycle lanes and lock systems in public areas to avoid the theft of bicycles. These factors are also limiting the adoption of e-bikes. However, the major problem faced by the market is the high maintenance cost associated with e-bikes. The low running range and high maintenance and repair costs of e-bikes are expected to hinder their adoption, thereby posing a threat to the growth of the market in focus.

This high-end bicycle 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global high-end bicycle market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major High-End Bicycle Market Vendors?

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

• Accell Group NV
• BH BIKES EUROPE SL
• Derby Cycle Holding GmbH
• Dorel Industries Inc.
• Giant Manufacturing Co. Ltd.
• Grimaldi Industri AB
• Klever Mobility Europe GmbH
• Merida Industry Co. Ltd.
• Specialized Bicycle Components Inc.
• Trek Bicycle Corp.

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

Product Insights and News

• Accell Group NV- The company offers high-end bicycles brands, such as Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe, and Carqon.

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 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.

High-End Bicycle Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for High-End Bicycle Market?

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33% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for high-end bicycles in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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 Product Segments in the High-End Bicycle Market?

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The market share growth by the hybrid bikes segment will be significant during the forecast period. Owing to their stability, comfort, and ease of use, hybrid bikes have gained significant popularity among cyclists, casual riders, commuters, as well as children. In addition, hybrid bicycles have a more upright riding position, which makes riding more comfortable and safer in traffic. The increasing demand for hybrid bicycles among sports enthusiasts is also expected to cater to the segment's growth.

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

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What are the Key Data Covered in this High-End Bicycle Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive high-end bicycle market growth during the next five years
• Precise estimation of the high-end bicycle market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the high-end bicycle 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 high-end bicycle market vendors

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