This study provides insights about the Bicycle Components Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.
Industry Outlook and Trend Analysis:
The Bicycle Components Market was worth USD 3.78 billion in the year of 2014 and is expected to reach approximately USD 5.61 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.48% during the forecast period. As bicycles are an eco-friendly method of commutation, their satisfying extra utility as exercise instrument is a major factor for their expanding requirement. The fast advancement of component technology in bicycle mechanism is appealing users to buy the contemporary models of street bicycles, mountain bicycles and city bicycles. Additionally, the rising demand for commuter bicycles having condition-particular segments has gained demand in the current past and is predicted to impact the bike components market development.
Major Key Players:
The leading players in the market are Mitsubishi Rayon, Currie Technologies Inc, Sabic Innovative Plastics India pvt Ltd, Cannondale Bicycle Corporation, BASF, Giant Bicycles Inc, Accell, TORAY, Avon Cycles Ltd and Atlas Cycles Inc. Manufacturers are extensively focusing on creating enhanced and lightweight components.
Regional Outlook and Trend Analysis:
In terms of regional prospect, the market in Europe is anticipated to be the most advantageous on the basis of revenue, whereas, the market in Asia Pacific is foreseen to encounter the fastest growth, in terms of value during the period of assessment.
Application Outlook and Trend Analysis:
On the basis of application, electric bicycles fragment is foreseen to witness a generally higher CAGR when contrasted with different portions amid the conjecture time frame. Enhanced battery life and consolidation of high-devotion battery innovation used as a part of four wheelers have fundamentally improved their execution, which is boosting their request in the market.
Technology Outlook and Trend Analysis:
On the basis of technology, metal segments are anticipated to remain the predominant fragment of the market throughout the years, though constant fiber composites portion is evaluated to witness the quickest development. This is to a great extent ascribed to the developing interest for lightweight bikes from customers.
Component Outlook and Trend Analysis:
In terms of component, the frames fragment is foreseen to witness the most astounding development on the basis of value amid the estimate time frame. The fragment is nearly trailed by the rims section.
The Bicycle Components Market is segmented as follows-
By Application: Road Bike, City Bike, Mountain Bike, Children Bike & Electric Bike
By Technology: Discontinuous Fiber Composites, Continuous Fiber Composites & Metals
By Component: Saddles, Rims, Frames & Other Components
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By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)
Part 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Part 2. Executive Summary
2.1. Key Highlights
Part 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
188.8.131.52. Increasing Demand For Environment-friendly Mode of Commutation
184.108.40.206. Surge in Adoption of Bicycles
220.127.116.11. Increasing Need to Commute on a Longer Route
18.104.22.168. Emerging Markets to Offer Lucrative Growth Opportunities
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