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

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40806
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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?

High-End Bicycle Market Size

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

 

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?

High-End Bicycle Market Market segmentation by region

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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?

High-End Bicycle Market Segmentation

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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.

 

High-End Bicycle Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.00%

Market growth 2021-2025

$ 3.88 billion

Market structure

Fragmented

YoY growth (%)

4.92

Regional analysis

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

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Germany, UK, France, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

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, and 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.

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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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Leisure products

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces analysis 2020 & 2025
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Hybrid bikes - Market size and forecast 2020-2025
      • Exhibit 17: Hybrid bikes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Hybrid bikes - Year-over-year growth 2020-2025 (%)
    • 5.4 Mountain bikes - Market size and forecast 2020-2025
      • Exhibit 19: Mountain bikes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Mountain bikes - Year-over-year growth 2020-2025 (%)
    • 5.5 Road bikes - Market size and forecast 2020-2025
      • Exhibit 21: Road bikes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Road bikes - Year-over-year growth 2020-2025 (%)
    • 5.6 Track bikes - Market size and forecast 2020-2025
      • Exhibit 23: Track bikes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Track bikes - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 27: Market opportunity by Product

    6 Market Segmentation by Distribution channel

    • 6.1 Market segments
      • Exhibit 28: Distribution channel - Market share 2020-2025 (%)
    • 6.2 Comparison by Distribution channel
      • Exhibit 29: Comparison by Distribution channel
    • 6.3 Offline - Market size and forecast 2020-2025
      • Exhibit 30: Offline - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Offline - Year-over-year growth 2020-2025 (%)
    • 6.4 Online - Market size and forecast 2020-2025
      • Exhibit 32: Online - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Online - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Distribution channel
      • Exhibit 34: Market opportunity by Distribution channel

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 36: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 37: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 44: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 48: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 49: Market opportunity by geography

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 52: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Vendor landscape
          • Exhibit 53: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 54: Landscape disruption
          • Exhibit 55: Industry risks

        11 Vendor Analysis

        • 11.1 Vendors covered
          • Exhibit 56: Vendors covered
        • 11.2 Market positioning of vendors
          • Exhibit 57: Market positioning of vendors
        • 11.3 Accell Group NV
          • Exhibit 58: Accell Group NV - Overview
          • Exhibit 59: Accell Group NV - Business segments
          • Exhibit 60: Accell Group NV - Key news
          • Exhibit 61: Accell Group NV - Key offerings
          • Exhibit 62: Accell Group NV - Segment focus
        • 11.4 BH BIKES EUROPE SL
          • Exhibit 63: BH BIKES EUROPE SL - Overview
          • Exhibit 64: BH BIKES EUROPE SL - Product and service
          • Exhibit 65: BH BIKES EUROPE SL - Key offerings
        • 11.5 Derby Cycle Holding GmbH
          • Exhibit 66: Derby Cycle Holding GmbH - Overview
          • Exhibit 67: Derby Cycle Holding GmbH - Product and service
          • Exhibit 68: Derby Cycle Holding GmbH - Key offerings
        • 11.6 Dorel Industries Inc.
          • Exhibit 69: Dorel Industries Inc. - Overview
          • Exhibit 70: Dorel Industries Inc. - Business segments
          • Exhibit 71: ?Dorel Industries Inc. - Key news
          • Exhibit 72: Dorel Industries Inc. - Key offerings
          • Exhibit 73: Dorel Industries Inc. - Segment focus
        • 11.7 Giant Manufacturing Co. Ltd.
          • Exhibit 74: Giant Manufacturing Co. Ltd. - Overview
          • Exhibit 75: Giant Manufacturing Co. Ltd. - Product and service
          • Exhibit 76: Giant Manufacturing Co. Ltd. - Key offerings
        • 11.8 Grimaldi Industri AB
          • Exhibit 77: Grimaldi Industri AB - Overview
          • Exhibit 78: Grimaldi Industri AB - Product and service
          • Exhibit 79: Grimaldi Industri AB - Key offerings
        • 11.9 Klever Mobility Europe GmbH
          • Exhibit 80: Klever Mobility Europe GmbH - Overview
          • Exhibit 81: Klever Mobility Europe GmbH - Product and service
          • Exhibit 82: Klever Mobility Europe GmbH - Key offerings
        • 11.10 Merida Industry Co. Ltd.
          • Exhibit 83: Merida Industry Co. Ltd. - Overview
          • Exhibit 84: Merida Industry Co. Ltd. - Business segments
          • Exhibit 85: Merida Industry Co. Ltd. - Key news
          • Exhibit 86: Merida Industry Co. Ltd. - Key offerings
          • Exhibit 87: Merida Industry Co. Ltd. - Segment focus
        • 11.11 Specialized Bicycle Components Inc.
          • Exhibit 88: Specialized Bicycle Components Inc. - Overview
          • Exhibit 89: Specialized Bicycle Components Inc. - Product and service
          • Exhibit 90: ?Specialized Bicycle Components Inc. - Key news
          • Exhibit 91: Specialized Bicycle Components Inc. - Key offerings
        • 11.12 Trek Bicycle Corp.
          • Exhibit 92: Trek Bicycle Corp. - Overview
          • Exhibit 93: Trek Bicycle Corp. - Product and service
          • Exhibit 94: Trek Bicycle Corp. - Key offerings

        12 Appendix

        • 12.1 Scope of the report
          • 12.2 Currency conversion rates for US$
            • Exhibit 95: Currency conversion rates for US$
          • 12.3 Research methodology
            • Exhibit 96: Research Methodology
            • Exhibit 97: Validation techniques employed for market sizing
            • Exhibit 98: Information sources
          • 12.4 List of abbreviations
            • Exhibit 99: 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
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          Leisure Products Market market growth will increase by $3.88 bn during 2021-2025.
          The leisure products market market is expected to grow at a CAGR of 5% during 2021-2025.
          Technavio has segmented the leisure products market market 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).
          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. are a few of the key vendors in the leisure products market market.
          APAC will register the highest growth rate of 33% among the other regions. Therefore, the leisure products market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
          The key factors driving the leisure products market market growth are:
          • growing disposable income
          The leisure products market market vendors should focus on grabbing business opportunities from the hybrid bikes segment as it accounted for the largest market share in the base year.
          • What are the key global market and the regional market share?
          • What are the revenue-generating key market segments?
          • What are the key factors driving and challenging this market’s growth?
          • Who are the key market vendors and their growth strategies?
          • What are the latest trends influencing the growth of this market?
          • What are the variables influencing the market growth in the primary regions?
          • What are the factors influencing the growth of the parent market?
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