North America Bicycle Market Development, Developments and Forecast Report 2020-2025
The “North America Bicycle Market – Growth, Trends and Forecast (2020-2025)” report has been added to ResearchAndMarkets.com’s providing.
North America Bicycle Market is anticipated to develop at a CAGR of 5.5% throughout the forecast interval (2020-2025).
Growing variety of biking occasions and favorable authorities and employer initiatives are anticipated to drive the market studied. They promote highway racing, touring and leisure biking, observe racing, off-road racing occasions, mountain biking occasions and so forth.
Adoption of e-bicycles are additionally driving the gross sales of the expansion of the market studied. A few of the main causes thought-about for adopting and driving e-bikes are well being advantages, avoidance of site visitors congestion, environmental advantages, and the rise in demand for e-bikes as sports activities tools.
Key Market Developments
Growing Variety of Biking Occasions
An rising software base of bicycles in trekking and leisure actions, coupled with a rising variety of biking occasions, are anticipated to propel the demand for bicycles, in each common and sports activities bicycles. The rising affect of celeb endorsement, coupled with rising media protection for such occasions, is predicted to additional gasoline the market progress. Biking occasions can play an vital function in elevating consciousness relating to biking and in the end supporting efforts to encourage modal shift towards bicycle use. Occasions could also be focused at explicit teams, together with kids, households, those that are new to biking, or staff of a specific group or location.
United States Holds A Distinguished Share
The US bicycle market is pushed by bicycle demand for each health and leisure. The rise within the quantity of people that use a bicycle as a type of recreation is predicted to develop the market. Additional, the choice for bicycles as a handy method of exercising for health is predicted to drive the market additional. Stylish mountain bikes and e-bikes are gaining grip of the US millennials. In consequence, that is insisting producers to launch merchandise beneath the identical class to captivate two-wheel mobility within the nation and to achieve gross sales. Jap cultural hubs comparable to Chicago, Minneapolis and New York Metropolis have seen enormous progress in biking populations, suggesting climate and local weather are usually not the one components influencing bike use.
The North America bicycle market is very fragmented and contains many worldwide and regional gamers. The market is dominated by key gamers, like Accell group, Trek Bicycle Company, and Large Manufacturing Co. Ltd. Furthermore, the businesses are diversifying their bicycles portfolio by launching bicycles, that are being focused particularly towards ladies riders and children, Thus, making them extra client centric.
Key Matters Lined:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s 5 Forces Evaluation
5 MARKET SEGMENTATION
5.1.1 Street Bicycles
5.1.2 All Terrain Bicycles
5.1.4 Different Sorts
5.2 Distribution Channel
5.2.1 On-line Channel
5.2.2 Offline Channel
5.3.1 United States
5.3.4 Remainder of North America
6 Aggressive Panorama
6.1 Most Adopted Methods
6.2 Market Share Evaluation
6.3 Firm Profiles
6.3.1 Trek Bicycle Company
6.3.2 Large Bicycles
6.3.3 ALTA CYCLING GROUP
6.3.4 Haro Bikes Company
6.3.5 Dorel Industries Inc
6.3.6 Solar Bicycles
6.3.7 Bulls Bikes USA
6.3.8 Accell Group NV
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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