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Nonetheless, bicycles may not be the best option when it comes to long distance travelling due to its inherent functional limitations. Gasoline powered vehicles have an upper-edge over bicycles in terms of efficiency and performance, which, in turn, is acting a major impediment to the growth of the global men’s bicycle market. Most consumers use bicycles as an exercise tool and therefore, the availability of a wide range workout equipment is curbing bicycle sales globally. Moreover, continuous expansion of cities, which is resulting in longer travelling time from home to shopping center or home to workplace is perhaps making the use of bicycles unrealistic for transportation.
Hybrid Bicycles to Remain Highly Sough-After
On the basis of product type, demand for hybrid bicycles will continue to gain traction during the forecast period (2017-2022). Currently, the global sales of hybrid bicycle represent more than one-third revenue share of the global men’s bicycle market. Towards that end of 2022, over US$ 9,605 Mn worth units of men’s bicycles are estimated to be sold worldwide.
Among regions, Asia-Pacific excluding Japan (APEJ) is expected to dominate dlobal men’s bicycle market in terms of revenue through other assessment period. Further, the market in the region is expected to witness a relatively higher growth between 2017 and 2022. Owing to the rising pollution levels, governments in counties such as China and India are encouraging and promoting the use of bicycle.
Competition Tracking
Giant Manufacturing Co., Ltd., Atlas Cycles (Haryana) Limited, Trek Bicycle Corporation, Tube Investments of India Limited, Accell Group N.V., Dorel Industries Inc., Merida Industry Co. Ltd., Tandem Group plc, Samchuly Bicycle Co., Ltd, and Youngone Corporation are the leading market players profiled in the Fact.MR’s report.
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Global Men’s Bicycle Market: Key Projections
Based on products, the hybrid bicycles segment is projected to remain highly attractive during the assessment period. In terms of revenue, the segment currently commands for more than 37% share of the global market. In addition, the hybrid bicycles segment is anticipated to cross a market valuation of US$ 9,600 Mn by the end of 2022, reflecting a steady CAGR.
Between 2017 and 2022, the market for men’s bicycle in Asia-Pacific excluding Japan (APEJ) is expected to exhibit an impressive growth rate. This is primarily due to the increasing urgency to check air pollution levels in various APEJ countries, which is resulting in higher adoption of bicycles in the region. Meanwhile, demand for men’s bicycle in North America is also expected to surge over the next couple of years as consumers shift towards more eco-friendly modes of transportation.
Based on technology, the conventional men’s bicycle segment will continue to outperform the electric men’s bicycle segment during the forecast period. The former currently represents more than two-third revenue share of the global market. By 2022-end, the conventional men’s bicycle segment is estimated to surpass a valuation of US$ 20,400 Mn.
Based on price range, the mid-range segment is expected retain its dominant position over the assessment period. Demand for mid-range priced men’s bicycle is significantly high. The mid-range segment currently commands for close to 60% revenue share of the market.
On the basis of distribution channel, the independent outlet segment is expected account for a considerable contribution to the global men’s bicycle market revenues in 2017 and beyond. The independent outlet segment is projected to reflect a CAGR of 3.1% from 2017 to 2022.
Table of Content:
- Global Mens Bicycle Market - Executive Summary
- Global Mens Bicycle Market Overview
2.1. Introduction
2.1.1. Global Mens Bicycle Market Taxonomy
2.1.2. Global Mens Bicycle Market Definition
2.2. Global Mens Bicycle Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Mens Bicycle Market Y-o-Y Growth
2.3. Global Mens Bicycle Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region - Global Mens Bicycle Market Analysis and Forecast By Product Type
3.1. Global Mens Bicycle Market Size and Forecast By Product Type, 2012-2022
3.1.1. Road Bicycle Mens Bicycle Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Sports Bicycle Mens Bicycle Market Size and Forecast, 2012-2022
Continued……………..
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