High-End Bicycle Market by Product, Distribution Channel, and Geography - Forecast and Analysis 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%.

This high-end bicycle 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 high-end bicycle 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). The high-end bicycle market 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 high-end bicycle 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 high-end bicycle 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 high-end bicycle market.

Key High-End Bicycle Market Trend

The smart features in high-end bikes is another factor supporting the high-end bicycle 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 high-end bicycle market in the coming years.

Key High-End Bicycle Market Challenge

The high maintenance of e-bikes will be a major challenge for the high-end bicycle 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. E-bikes run on batteries, which require constant charging and regular maintenance. 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 high-end bicycle 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 high-end bicycle market encompasses successful business strategies deployed by the key vendors. The high-end bicycle 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 high-end bicycle 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 high-end bicycle 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.

The value chain of the leisure products market. includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

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 high-end bicycle 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 high-end bicycle 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, 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Hybrid bikes - Market size and forecast 2020-2025
    • Mountain bikes - Market size and forecast 2020-2025
    • Road bikes - Market size and forecast 2020-2025
    • Track bikes - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      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
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      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
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      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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      The high-end bicycle market growth will increase by $4960.37 million during 2019-2024.
      The high-end bicycle market is expected to grow at a CAGR of 5.76% during 2019-2024.
      Technavio has segmented the high-end bicycle market by product (Hybrid bikes, Mountain bikes, Road bikes, Track bikes, and Others) ,distribution channel (Offline and Online) , and geographic (North America, Europe, APAC, South America, and MEA).
      Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Dorel Industries Inc., F.I.V.E. Bianchi Spa, Giant Manufacturing Co. Ltd., Klever Mobility Europe GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., Trek Bicycle Corp. are a few of the key vendors in the high-end bicycle market.
      North America will register the highest growth rate of 33.15% among the other regions. Therefore, the high-end bicycle market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • UK
      • France
      • Japan
      The key factors driving the high-end bicycle market growth are:
      • Growing disposable income
      The high-end bicycle 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.
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