Hybrid Bicycles Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The hybrid bicycles market share is expected to increase by USD 1.31 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.79%.

This hybrid bicycles 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 hybrid bicycles market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA). The hybrid bicycles market report also offers information on several market vendors, including Accell Group NV, Firefox Bikes, Fuji Bikes, Giant Manufacturing Co. Ltd., Halfords Group plc, MONTRA, Raleigh America, SCOTT Sports SA, Specialized Bicycle Components Inc., and Tata International Ltd. among others.

What will the Hybrid Bicycles Market Size be During the Forecast Period?

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Hybrid Bicycles Market: Key Drivers and Challenges

The rapid development in cycling infrastructure is notably driving the hybrid bicycles market growth, although factors such as fluctuation in raw material price 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 hybrid bicycles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hybrid Bicycles Market Driver

Rapid development in cycling infrastructure is one of the key factors driving the global hybrid bicycles market growth. Consumers across the globe are shifting from motor vehicles to bicycles as these are feasible modes of city transport. There has been a significant increase in the adoption of hybrid bicycles in countries in APAC (China and Singapore), the US, and Western Europe owing to the features of hybrid cycles such as the better balance of control and speed on roads compared with mountain bikes and road bikes. Moreover, improved cycling infrastructure with dedicated bicycle lanes, crossings, bicycle racks, and adequate lighting facilities for bicycle lanes will also facilitate the growth of the global hybrid bicycles market during the forecast period.

Key Hybrid Bicycles Market Challenge

One of the key challenges to the global hybrid bicycles market growth is the fluctuation in raw material prices such as aluminum, steel, and rubber. The high cost of raw materials used in the production of hybrid bicycles will increase the total cost of manufacturing and reduce the profit margins of vendors. The shortage of raw materials due to nationwide COVID-19 lockdowns has further exacerbated the issue. In addition, the imposition of trade tariffs on the import of bicycles and parts, by the US and other countries is expected to hamper the growth of the market in focus during the forecast period.

This hybrid bicycles 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 Hybrid Bicycles Market Vendors?

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

 

• Accell Group NV
• Firefox Bikes
• Fuji Bikes
• Giant Manufacturing Co. Ltd.
• Halfords Group plc
• MONTRA
• Raleigh America
• SCOTT Sports SA
• Specialized Bicycle Components Inc.
• Tata International Ltd.

 

This statistical study of the hybrid bicycles market encompasses successful business strategies deployed by the key vendors. The hybrid bicycles 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 hybrid bicycles 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 Hybrid Bicycles Market?

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46% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for hybrid bicycles in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and MEA.

The significant increase in the demand for hybrid bicycles and the presence of the world's top producers and exporters of hybrid bicycles such as China, Japan, and Taiwan will facilitate the hybrid bicycles 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 Distribution Channel Segments in the Hybrid Bicycles Market?

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The hybrid bicycles market share growth by the offline segment will be significant during the forecast period. The offline segment includes specialty stores, sporting goods retailers, and other offline distributors that attract customers owing to their large product portfolio, multiple brands, and knowledgeable customer service personnel who can give them product-related information.

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

 

Hybrid Bicycles Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.79%
Market growth 2021-2025	$ 1.31 billion
Market structure	Fragmented
YoY growth (%)	4.72
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 46%
Key consumer countries	China, US, Japan, Denmark, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Accell Group NV, Firefox Bikes, Fuji Bikes, Giant Manufacturing Co. Ltd., Halfords Group plc, MONTRA, Raleigh America, SCOTT Sports SA, Specialized Bicycle Components Inc., and Tata International Ltd.
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 Hybrid Bicycles Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive hybrid bicycles market growth during the next five years
• Precise estimation of the hybrid bicycles market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hybrid bicycles industry across APAC, Europe, North America, 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 hybrid bicycles market vendors

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