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 has the potential to grow by USD 3.88 billion during 2021-2025, 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 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 in 2021?

High-End-Bicycle-Market-Market-Size-2020-2025

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High-End Bicycle Market: Key Drivers and Trends

The growing popularity of e-commerce is notably driving the high-end bicycle market growth, although factors such as high maintenance of e-bikes may impede 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.

  • The rapid growth of e-commerce will influence the growth of the high-end bicycle market during the forecast period.
  • The growing penetration of the Internet is inducing vendors to sell their products in the untapped market through online platforms.
  • With the cost-effective business model adopted by online stores, the e-commerce industry is growing at a rapid pace.
  • The supply chain management of online stores is highly cost-effective as it eliminates the cost associated with marketing intermediaries, which in turn, allows online stores to offer bicycles at a lower price than the retail outlets.
  • Vendors in the market are focusing on developing ways to incorporate smart features into their existing range of products.
  • Most e-bikes are equipped with intelligent assistance techniques that allow users to connect their bicycles with their smartphones.
  • The market is witnessing the development of smart bike locks and advanced fitness devices that can be attached to bicycles.
  • With the growing investment in the R&D of newer technologies, the demand for high-end bikes will further increase.

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.

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 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 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. 

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

High-End-Bicycle-Market-Market-Share-by-Region-2020-2025

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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 APAC will be faster than the growth of the market in other regions.

The availability of a large number of vendors and the growing disposable income will facilitate the high-end bicycle market growth in APAC 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 Product Segments in the High-End Bicycle Market?

High-End-Bicycle-Market-Market-Share-by-Product-2020-2025

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The high-end bicycle market share growth by the hybrid bikes segment will be significant during the forecast period. Hybrid bicycles are ideal for riding over various types of terrain and can be used for commuting on a day-to-day basis. These bicycles have a flat handlebar and are equipped with brake and gear components similar to mountain bicycles. Moreover, these cycles are lightweight and have thinner wheels and smooth tires, which allows riders to gain higher speed with less exertion. Because of their stability, comfort, and ease of use, hybrid bikes have gained significant popularity among cyclists, casual riders, commuters, as well as children.

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.

 

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What are the Key Factors 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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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

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 future consumer dynamics, market condition analysis for 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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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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