Increasing number of cycling events and favourable government and employer initiatives are expected to drive the market. Furthermore, there are various governing bodies in Asia Pacific such that The Cycling Federation of India, and The Chinese Cycling Association, which promote road racing, touring, and leisure cycling, track racing, off-road racing events, and mountain cycling events. According to the report titled “Asia Pacific Bicycle Market Outlook, 2026” published by Bonafide Research the market accounted to 52.61 Million Units in the year 2015, and is expected to grow over a CAGR of 4% in the forecasted period.
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In terms of volume by demography, the Asia Pacific bicycle market has share of nearly more than 50% in male section in the year 2020. The craze for cycling has been on a steady rise in the South Asian nation but that was largely limited to the metropolitan cities. Rural areas accounted for nearly half of the cycle sales even as people there were migrating to scooters, a faster mode of transport. India has market share of less than 10% in terms of value but in terms of volume, India acquired 1/4th of the Asia Pacific market in the year 2020. This contradiction is the result of in low in hand disposable income. However, India has a huge market for bicycle, but the average selling price of a bicycle in Indian market was very low, in the year 2020.
In the Asia Pacific region, the high-end bicycles particularly Mountain bikes, E- bikes and Hybrid bikes have possessed market share of almost 70% in the year 2020. The big players of the market Merida, Trek, Connonadale, Accell group, Raleigh are seeing it as a opportunity because people are becoming now health conscious and want to be an active part of environment saving movement. Hence, it is estimated that the market for road bicycle will grow with a CAGR of over 3% in the year 2026. Countries, like China and Japan, are some of the leading countries, where e-bikes have grown their prominence. Some of the major reasons considered for adopting and driving e-bikes around the Asia-Pacific are health benefits, avoidance of traffic congestion, environmental benefits, and the increase in demand for e-bikes as sports equipment.
Companies Mentioned:
A-Bike, Atlas Cycles Limited, Avon Cycles Limited, Bridgestone, Cube Cycles, Derby Cycle, Dorel Industries Inc., Firefox Bikes Private Limited, Fuji-ta, Giant Bicycles, Hero Cycles Limited, Merida Bikes International, Santa Cruz Bicycle, Scott Sports, Specialized Bicycle Components, Inc, XDS Shenzhen Xidesheng Bicycles Co
CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2019-20
• Historical year: 2014-15
• Forecasted year: 2025-26
REGIONS COVERED:
• China
• Japan
• India
• Australia
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Size By Volume for the time period (2020-2025)
• Market Share by Type of Bicycle (2020 & 2026F)
• Market Share by Demography (2020 & 2026F)
• Market Share by Sales Channel (2020 & 2026F)
• Market Share by Region (2020 & 2026F)
• Market Share by Country (2020 & 2026F)
• Market Share by Company (2020)
The report answers questions such as:
1. What is the market size and forecast of the Asia Pacific Bicycle Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Asia Pacific Bicycle Market during the forecast period?
3. Which region outstands in the Global Bicycle Market?
4. Which are the segments to invest in over the forecast period in the Asia Pacific Bicycle Market?
5. What is the competitive strategic window for opportunities in the Asia Pacific Bicycle Market?
6. What are the technology trends and regulatory frameworks in the Asia Pacific Bicycle Market?
7. What are the major company in the Asia Pacific Bicycle Market?
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Table of Content
1 Executive Summary
2 Report Methodology
3 Global Bicycle Market Outlook
3.1 Market Size
3.1.1 By Value
3.1.2 By Volume
3.2 Market Share
3.2.1 By Bicycle Type
3.2.2 By Demography
3.2.3 By Sales Channel
3.2.4 By Region
3.2.5 By Country
3.2.6 By Company
3.3 Global Road Bicycle Market Outlook
3.3.1 Market Size By Value
3.3.2 Market Size By Volume
3.4 Global Mountain Bicycle Market Outlook
3.4.1 Market Size By Value
3.4.2 Market Size By Volume
3.5 Global Hybrid Bicycle Outlook
3.5.1 Market Size By Value
3.5.2 Market Size By Volume
3.6 Global Electric Bicycle Outlook
3.6.1 Market Size By Value
3.6.2 Market Size By Volume
3.7 Global Other Bicycle Outlook
3.7.1 Market Size By Value
3.7.2 Market Size By Volume
4 Asia Pacific Bicycle Market Outlook
4.1 Market Size
4.1.1 By Value
4.1.2 By Volume
4.2 Market Share
4.2.1 By Bicycle Type
4.2.2 By Demography
4.2.3 By Country
4.3 Asia Pacific Bicycle Market Outlook- By Type
4.3.1 Market Size By Value
4.3.2 Market Size By Volume
4.4 China Bicycle Market Outlook
4.4.1 Market Size
4.4.2 Market Share- By Bicycle Type
4.5 Japan Bicycle Market Outlook
4.5.1 Market Size
4.5.2 Market Share- By Bicycle Type
4.6 India Bicycle Market Outlook
4.6.1 Market Size
4.6.2 Market Share- By Bicycle Type
4.7 Australia Bicycle Market Outlook
4.7.1 Market Size
4.7.2 Market Share- By Bicycle Type
5 Market Dynamics
5.1 Key Drivers
5.2 Key Challenges
6 Market Trends & Developments
6.1 Dock Less Bicycle Sharing System
6.2 Indoor Cycling Software
6.3 Cargo Bikes & Family Bicycles
6.4 Customized Bicycles
6.5 Digital Wearable Devices and Accessories
7 Competitive Landscape
7.1 Porter’s Five Forces
7.2 Company Profiles
7.2.1 A- Bike
7.2.2 Atlas Cycles Limited
7.2.3 Avon Cycles Limited
7.2.4 Bridgestone Cycle
7.2.5 Cube Cycles
7.2.6 Derby Cycle
7.2.7 Dorel Industries Inc.
7.2.8 Firefox Bikes Private Limited
7.2.9 Tianjin Fuji-Ta Bicycle Manufacturer Co.,Ltd.
7.2.10 Giant Bicycles
7.2.11 Hero Cycles Limited
7.2.12 Merida Bikes International
7.2.13 Santa Cruz Bicycle
7.2.14 Scott Sports
7.2.15 Specialized Bicycle Components, Inc.
7.2.16 XDS Shenzhen Xidesheng Bicycles Co., Ltd.
8 Recommendation
9 Disclaimer
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