Global Sports Bicycle Market 2023-2027

Global Sports Bicycle Market 2023-2027
The sports bicycle market is forecasted to grow by USD 5527.73 mn during 2022-2027, accelerating at a CAGR of 6.19% during the forecast period. The report on the sports bicycle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing fuel prices, popularity of bicycle rental programs, and premiumization of bicycles.

Technavio's sports bicycle market is segmented as below:

By ApplicationAdultsKidsBy ProductMountain bicyclesCyclo-cross bicyclesRoad racing bicyclesTrack bicyclesBy Geographical LandscapeNorth AmericaEuropeAPACMiddle East and AfricaSouth AmericaThis study identifies the development of innovative products as one of the prime reasons driving the sports bicycle market growth during the next few years. Also, awareness through global events and emergence of sports bicycle clubs will lead to sizable demand in the market.

The report on the sports bicycle market covers the following areas:Sports bicycle market sizingSports bicycle market forecastSports bicycle market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sports bicycle market vendors that include Accell Group NV, Advanced Sports Inc., Alta Cycling Group, F.I.V.E. Bianchi Spa, Firmstrong Bikes, Giant Manufacturing Co. Ltd., Jamis Bikes, Kona Bicycle Co., Marin Mountain Bikes Inc., Merida Industry Co. Ltd., ORBEA S. COOP. LTDA, Pure Fix Cycles, LLC, R.C. Jenson, Inc., Rockstar Industries, Seven Cycles Inc., Tianjin Fuji ta Group Co. Ltd., Trek Bicycle Corp., Youngone Corp., Dorel Industries Inc., and Hero MotoCorp Ltd.. Also, the sports bicycle market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.