Global Bicycle Components Industry to 2027 – Featuring Giant Manufacturing, Dorel Industries and Marin Bikes, among others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Global Bicycle Components Market report has been added to from ResearchAndMarkets.com offer.

A bicycle is defined as a manually or pedal powered bicycle, with two wheels attached to frames one behind the other.

Composites are the combination of two or more constituent materials which generally have different physical and chemical properties. There are various components associated with a bicycle such as bar ends, axle, belt drive, dynamo, cable guide, brake, bearing, bell, etc.

Market factors

Rising use of bicycles for fitness and recreational activities is expected to fuel the growth of the global bicycle components market over the forecast period. As cycling offers various physical and mental benefits with increasing consumer acceptance of cycling to improve health activities, its demand has increased significantly in recent years.

Increase in the number of people opting for cycling as a form of recreation is expected to drive the growth of the bicycle components market.

Rising preference for green transportation is expected to drive the growth of the global bicycle components market during this forecast period. According to the WHO report, air pollution contributed to the deaths of around 3.7 million people under the age of 60 in 2012.

Passenger vehicles and trucks are the main causes of air pollution, as they produce a significant amount of nitric oxide, carbon monoxide and other pollutants. In addition, gasoline-powered vehicles are responsible for air pollution. The bicycle component market is propelled by the collective use of conventional and electric bicycles.

Market constraints

The high cost associated with composite materials is expected to hamper the growth of the global bicycle components market. In addition, the unequal cost-benefit ratio is expected to restrain the growth of the global bicycle components market during this forecast period.

Key questions addressed by the report

  • What are the key opportunities in the global bicycle components market?

  • What will be the growth rate from 2019 to 2027?

  • Which segment/region will experience the highest growth?

  • What are the factors that will impact/driving the market?

  • What is the competitive landscape in the industry?

  • What is the role of key players in the value chain?

  • What are the strategies adopted by the main players?

Market segmentation

By type

  • Bike

  • Road

  • Mountain

  • Youth

  • Hybrid

  • Comfort

  • Cruiser

  • Electric

  • Components

  • Pedal

  • Saddle

  • Rim

  • Brake

  • Framework

By region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

Companies cited

  • Giant Manufacturing Co.Ltd

  • Dorel Industries Inc.

  • Currie Technologies

  • OMAX Corporation

  • Trek Bicycle Corporation

  • Marine Bikes

  • Atlas Cycles

  • Accell Group SA

  • Merida Industry Co.Ltd

  • Avon Cycles Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/6o1xj7


Source link

Comments are closed.