Key Trends

Key trends within the market includes advent of bicycles in corporate sector, advancement in bicycle manufacturing technology.
The US Green Building Council (UGBC) is supporting the corporate to be leader in energy and environment design or LEED.

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Advancements in material science with new technology in manufacturing helped manufacturers to fabricate ultra- lightweight bicycles.For instance, in June 2016, Canyon Bicycles GmbH launched Canyon Ultimate CF SLX having the lightest frame and is one among the strongest racing bicycle

Many studies revealed that bicycling burns around 500-700 calories per hour. Increasing awareness among consumers regarding health benefits of bicycle is predicted to drive the expansion of bicycle market during forecast period

But unsuitability for extended distance is predicted to restrain the bicycle market growth as bicycle speed is additionally limited compared to automobiles

The major challenge is that the lack of ample number of dedicated cycling tracks for safe cycling.Moreover,in countries like Brazil, India and Indonesia, where population is high, only a few dedicated cycling tracks built by authorities.

Market Takeaway

Many countries around the globe have imposed nationwide lock-down which also made shortage of manpower in bicycle manufacturing facilities, leads to the decrease in demand in year 2020


Key players operating the markets are:

Giant Bicycle Inc. , Samchuly Bicycle Co. Ltd. , Atlas Cycles Ltd. , Tandem Group plc, Derby Cycle, Merida Industry Co. Ltd. , Avon Cycle Ltd. , Dorel Industries Inc. , Trek Bicycle Corporation, Xiaomi, Accell Group, Zhonglu Co. Ltd.and Tube Investment Of India Ltd.

Key Develpoments

Key companies of the market are involved in capacity and business expansion to enhance market presence. For instance, in April 2020, Avon Cycles Ltd. Inaugurated two showrooms in Ludhiana, India.

Major market players are focused on product launches for expansion of product portfolio. For instance, in March 2018, Trek Bicycle Corporation launches a collection of roads, hybrid and mountain bicycle in the Indian market.

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Market Segmentation

1. By Product Type:
Sports, Roads, Mountain and Hybrid(Sports + Mountain)
2. By Technology:
Electrical and conventional
3. By End User:
Men, Women and Youngster
4. By Price
Premium, Mid- Range and Low- Range