Persistence Market Research provides a comprehensive insight into the global bicycle and components market in a new report titled “Global Market Study on Bicycle and Components: U.S. Market Expected to Remain Dominant in Terms of Value and Volume Through 2026 ”. As the title suggests, the report focuses on some of the very integral behaviors of the global bicycle and components market. The report is loaded with several factors that are expected to measure the expanding horizon of the market. The market analysis talks in detail about the market segments and also draws a large canvas of the global bicycle and components market to benefit the stakeholders of this market. This 10-yr forecast of the global bicycle and components market primarily highlights different aspects that are possibly going to determine the future growth of the global bicycle and components market. The team of expert analysts at Persistence Market Research has studied all the drivers and restraints that are expected to play a catalytic role in shaping the destiny of the global bicycle and components market in the coming decade. The emerging trends play an important role in this market and the report minutely observes the emerging trends that might bend the normal psyche of the global bicycle and components market. The team fetched out some exclusive market information through a unique market research method. They have studied different market dynamics and gauged the market movements of key players operating in the global and local market.
The report on the global bicycle and components market opens with an executive summary, market definition and taxonomy which provides a 360-degree view of the market. The taxonomy section gives a vivid description of the market segmentation on the basis of application, technology, and components. The executive summary puts the crux of the entire report in front of readers. It speaks about the CAGR growth of the global bicycle and components market and it also divides the market into several regions and measures their value share within the period of forecast. The analysis scenario segment has given an insight of the global bicycle and components market and it has judged its potential on the basis of volume and market value. The pricing segment of this report is a unique addition. This section reveals the pricing projection per region, pricing assumptions, and pricing analysis of components used in bicycle making.
The market forecast as always looks at the market from the top. It measures the Y-O-Y growth opportunity of the market and also unfurls the absolute dollar opportunity in the global bicycle and components market.
The following sections are industry value chains, location analysis, and market dynamics. The restraints, opportunities, and market trends are backed with proper logic. Regional dissection of the market is also a part of this market survey. The last portion of the report is devoted to all the major shareholders of the global bicycle and components market. This section analyses their market growth potential and also delves deep into their market strategy.
Market segmentation of the global bicycle and components market
Our research methodology
While framing this report the team of experts considered some key components of the market and adopted a coveted method to reach the final conclusion. In-depth secondary research is used to determine the top industry players, products, applications, overall market size and industry connotations, and to identify distributors and manufacturers. Detailed interviews of key stakeholders are conducted to collect crucial market data. The data is validated by the triangulation method where the secondary and primary data along with Persistence Market Research analysis is consolidated to frame the final report. Through proper research, the team has fetched qualitative and quantitative insights about the industry.
The report on the global bicycle and components market offers key metrics to provide an extended picture of the market. The report uses this accumulated data to compare and contrast the performance of the global bicycle and components market across geographies.
A volatile market
As a research firm, we know that every market is volatile and the overall performance of any market is completely dependent on the unpredictable, evolving nature of the economy and region and a slew of other factors. The report estimates the compound annual growth rate (CAGR) of the regional and global markets and also notes down the Y-O-Y spike of the global bicycle and components market to understand the right opportunities and market climate.
The research adopts a multi-dimensional approach to measure the embryonic growth of the regional markets. This detailed approach towards the market helps understand the significant trends likely to dominate the global bicycle and components market in the forthcoming years.
Another notable feature of this report is an analysis of the revenue forecast of the global bicycle and components market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global bicycle and components market.
Dissect and analyze
The global bicycle and components market report dissects the various market segments on the basis of their individual performance and growth graph. The market attractive index at the end is included to help shareholders identify opportunities across the global bicycle and components market.
Our report on the global bicycle and components market provides a market outlook for the period 2016 – 2026. The annual change in inflation rate has not been considered while doing the research. All values for 2016 have been registered to provide a transparent view of the market.
Will Latin America and Europe define the future progress of the global bicycle and components market?
Latin America and Europe are predicted to work as a catalyst in the development of the global bicycle and components market. These regions are predicted to redefine the market fabric within the period of forecast and they will also stretch the width of the bicycle and components market globally. The governments in these regions have adopted several new measures to promote an environment-friendly way of commuting. They have created improved cycling infrastructure and effective biking rental systems. The Latin America socio-economic structure has successfully integrated cycling into its communication framework which is also anticipated to impact the regional expansion of the bicycle and components market. Many countries in Latin America have introduced several public friendly systems such as automatic charge cards and the cyclists of the region are also provided with free cycling zones. An enhanced environmental awareness amongst the citizens and efforts taken by the governments towards decreasing air pollution is anticipated to push the periphery of the bicycle and components market in this region.
The growth scene of the bicycle and components market is different in Europe. The swell of the market relies on a series of large scale cycling events and this is expected to spur demand in the bicycle and components market in Europe. The stricter laws for car users might also change the canvas of the bicycle and components market. Several countries in Europe are trying to increase the use of bicycles. The cycle friendly countrywide commuting structure in Europe will work as a factor of benefit for the bicycle and components market.
Bicycle and Components Market: Comparative Market Forecast
In 2015 the bicycle and components market in Latin America was pegged at a value of more than US$ 5000 Mn. The market is expected to swell and touch an approximate value of more than US$ 6000 Mn by the end of 2016. Several driving factors will push the market ahead within the period of assessment and the market will gain mass and width; and the value of the market is expected to jump to US$ 8500 Mn by the end of the forecast period. The progressing market will register a CAGR of 3.6% in the region of Latin America. This regional market will also showcase promising incremental dollar opportunity of US$ 2500 Mn during the period of prediction. The increasing demand for city bikes and mountain bikes will rule the market. The electric bike segment will also showcase a favorable dollar opportunity of more than US$ 400 Mn by the end of 2026. Continuous fiber composites segment is expected to rule the bicycle and components market in terms of value, whereas metals segment is expected to dominate in terms of volume during the forecast period.
The worth of the bicycle and components market of Europe was close to US$ 15,000 Mn in 2015. This thriving market is expected to record a CAGR of 3.0% over the forecast period. The market is estimated to be valued more than US$ 20,000 Bn by the end of 2026. Volume contribution from the city bikes segment is expected to be significantly high over the forecast period. Composites segment in the Europe bicycle and components market is expected to register relatively higher CAGR over the forecast period. Continuous fiber composites segment is expected to govern the bicycle and components market in terms of value, whereas metals segment is expected to dominate in terms of volume during the forecast period.
Major investors in the global bicycle and components market are steadily revamping their technology and channelizing funds to cater to the rising demand in the Europe market. The GIANT MANUFACTURING CO., LTD. one of the market leaders, is planning to set up several sales points in different parts of the globe to expedite global sales. The company is also planning to fuel the production of cycles to meet the surging demand from the European market. Dorel Industries Inc. is focusing on mergers and tie-ups to foray into the Latin America bicycle and components market.