Bicycle Accessories Market: Fad for Bike Sharing and E-Bikes Prompts Manufacturers to Propel the Mob

Published: Mon Jul 15 2019

Robust evolution of technology developments in bicycle sharing schemes such as electric bicycle, dockless bike-sharing schemes, and surged private sector involvement are prompting stakeholders to assure that regulations and legislation are in tandem to shield the safety and efficiency of the mobility alternative. Pertinent players are adopting new business models to acknowledge an asset-light approach that will facilitate consumers to share mobility offerings. Bike sharing is in vogue as a form of mobility that has been ushered by digitalization. These actionable insights are according to the intelligence report, titled, "Global Market Study on Bicycle Accessories: Popularization of Bike Sharing Trend to Supplement Revenue Generation Channels," which has been of late added to Market Research Hub’s (MRH) ever-expanding armamentarium. The advent of electric bikes have had positive influence in the growth of bicycle accessories market for it does not promote CO2 emissions and is more economical than fuel-powered cars and motorcycles. Ride hailing giant, Uber, in April 2018, bought the dockless e-bike start-up company—Jump bikes.

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Nevertheless, e-bike has been instrumental in providing health benefits for the bikes facilitates wider range of people by offering assistance with loads, up hills, over distances, namely. As such, these have led to surge in the sale of bicycle which has bearing on the growth of bicycle accessories. Over the years, European Union are wooing vendors in China and Taiwan to form plants in Europe that would immensely aid the economy and environment of Europe.

China is expected to be in the vanguard position with unprecedented popularity of bike sharing and e-bike. Accordingly, East Asia region is likely to hold dominant position in the bicycle accessories market. Sensing profound health and economic benefits owing to bicycle, North America and Europe market are anticipated to provide lucrative opportunity to stakeholders.

Bicycle Accessories Market: Report Content

Qualitative and quantitative analysis underpin insightful report on the bicycle accessories market. Nevertheless, the report comprehensively elucidates facets of the market that are expected to have palpable impact on the growth of the bicycle accessories market. Those facets include drivers, restraints, opportunities and trends. Further, the report delineates segmentation of the market which aims at offering a thorough analysis on bicycle accessories.

A deep-dive and insightful analysis of the competitive landscape of the bicycle accessories market counts on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis provides an exhaustive analysis on the likely strategies of the leading players in the bicycle accessories market. Moreover, the business strategies hinges upon product portfolio, company overview, SWOT analysis, recent development and key differentiation.

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Bicycle Accessories Market: Research Methodology

Primary research and secondary research accentuate insightful report on bicycle accessories market, which provide in-depth assessment on the market. Accordingly, the report offers unbiased and reliable projections, and analysis that have considerable bearing on the historical data and market size. In addition, the report is based on primary sources which is propelled by in-depth and intelligent analysis from telephonic interview, well-ground experts, and exhaustive insights from seasoned analyst and surveys. On the other hand, the secondary sources hugely depends on press release, Factiva, trade journals, EC filing, governmental websites and resourceful database.

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