COVID Impact On Global Bicycle Market 2020-2025

January 04 22:50 2021
COVID Impact On Global Bicycle Market 2020-2025
In the present global scenario with the outbreak of the COVID-19 pandemic, it is seen that people are getting more sensible about their health and environment. With lockdowns imposed throughout the globe, people are increasingly searching for alternate ways to maintain their wellness, which is eventually resulting in the growing demand for cycling as an option for staying fit and also as a mode of transport
  • In Europe, the demand for e-bikes is higher than that of conventional bicycles, especially in Italy, Germany, France, and Netherlands.
  • The Global bicycle market is highly fragmented and includes many international and regional players.
  • In Asia-Pacific, China and Japan are the leading countries that have adopted e-bikes as sports equipment because of its environmental benefits and to help reduce traffic congestion in these countries.
  • Google search volume for bicycles has doubled worldwide within the last 12 months.
  • With the increase in bicycle renting operations throughout the world specially in Europe and Asia, the global bicycle market is growing significantly.

 

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  • Mountain bicycle segment is anticipated to expand at a rapid rate. Rising popularity in line with the increasing media coverage for mountain bicycle racing events and the establishment of new mountain biking circuits are expected to drive the growth.
  • United States holds the highest revenue share in this region with trendy mountain bikes and e-bikes being most popular within the US millennials.
  • Google Trends Worldwide Data for the past 12 months have shown that the COVID-19 pandemic has affected the routine of people across the globe, with people searching for topics like immunity, fitness and related activities to live a healthier lifestyle.
  • To gain competitive advantage, the companies are investing in research and development (R&D) and differentiating their product using different design and functioning elements, and size and weight variations. 
  • The expanding bicycle market is witnessing a strong growth halt due to massive disruptions in the manufacturing and supply chain of bicycle and bicycle accessories amid the global COVID-19 outbreak.

 

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COMPANY PROFILES

  1. Giant Manufacturing Co. Ltd (Taiwan)
  2. Merida Industry Co., Ltd. (Taiwan)
  3. Bridgestone Co. (Japan)
  4. Shimano, Inc. (Japan)
  5. Hero Cycles Ltd. (India)
  6. Atlas Cycles Ltd. (India)
  7. Avon Cycles Ltd. (India)
  8. Hamilton Industries Pvt. Ltd. (India)
  9. Shanghai Forever Import & Export Co., Ltd. (China)
  10. Shanghai Phoenix Imp. & Exp. Co., Ltd. (China)
  11. Accell Group N. V. (The Netherlands)
  12. Trek Bicycle Corp. (USA)
  13. Cannondale Bicycle Corporation (USA)
  14. Pacific Cycle Group (USA)
  15. Schwinn Bicycles (USA)
  16. Santa Cruz Bicycles (USA)
  17. Specialized Bicycle Components, Inc. (USA)
  18. Dorel Industries Inc. (Canada)
  19. Wilier Triestina S.p.A (Italy)
  20. I.V. Edoardo Bianchi S.p.A (Italy)
  21. Maxeurope(Bulgaria)
  22. Lapierre SA(France)
  23. Tandem Group plc (UK)
  24. Raleigh Ltd. (UK)
  25. Winora Staiger GmbH (Germany)
  26. Amer Sports Corporation (Finland)
  27. Cycleurope AB (Sweden)

 

THIS BICYCLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Bicycle Market size and Forecast , by region, by application
  2. Average B-2-B price for Bicycle Market, by region, per user
  3. Technology trends and related opportunity for new Bicycle Market tech suppliers
  4. Market share of leading vendors, by region,
  5. Coronavirus impact on Bicycle Market earnings

Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
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State: Karnataka
Country: India
Website: https://mobilityforesights.com/


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