Bicycle Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.
Los Angeles, CA -- (SBWIRE) -- 11/12/2018 -- New report published by QY Research which offers insights on the global Bicycle market. The global Bicycle market is valued at USD 28,356 million in 2017 and is expected to reach USD 38,472 million by the end of 2024, growing at a growth rate of 4.45% between 2017 and 2024. This report studies the global Bicycle market status and forecast, categorizes the global Bicycle market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Bicycle, often called a bike or cycle, is a non-automatic vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle like seat. Bicycle is principal means of transportation, it also provide a popular form of recreation, and have been adapted for use as children's toys, general fitness, courier services, and bicycle racing. Due to the straightforward production technology as well as low cost and price, bicycle industry gets a fast development in recent years.
The production of bicycles is concentrated in the China, USA, Europe and India. Giant Bicycles, Hero Cycles, TI Cycles, Trek, Shanghai Phonex, Atlas, Flying Pigeon famed for their bicycle production, are among the major bicycle producers in the world. Global sales of bicycles will increase to 132214 K Units in 2016 from 118969 K Units in 2012. It is predicted that the global bicycle demand will develop with an average growth rate of 1.39% in the coming five years.
Currently, most of bicycles produced in China are exported to other countries, such as USA and West Europe. Moreover, Chinese producers also are the major OEMs for the foreign famous brands. According to the research, Giant provides OEM service to Trek, based in Taiwan and China Mainland.
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The major players covered in this report
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
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