Sports Bicycles Market to exceed $26 Bn by 2032, Says Global Market Insights Inc.
Major sports bicycles market participants include Bianchi, Cube Bikes, GT Bicycles, Merida Industry Co., Ltd., Trek Bicycle Corporation, Cannondale Bicycle Corporation, Giant Manufacturing Co., Ltd., Jenson USA, Scott Sports SA, and Specialized Bicycle Components, Inc
Selbyville, Delaware, Sept. 12, 2024 (GLOBE NEWSWIRE) —
The sports bicycles market valuation is predicted to reach USD 26 billion by 2032, as reported in a
Prominent companies operating in the sports bicycles market including Bianchi, Cube Bikes, GT Bicycles, Merida Industry Co., Ltd., Trek Bicycle Corporation, Cannondale Bicycle Corporation, Giant Manufacturing Co., Ltd., Jenson USA, Scott Sports SA, and Specialized Bicycle Components, Inc. are working in the sports bicycles market.
Leading players are expanding their sports bicycles industry foothold through strategic product innovations, collaborations, and marketing efforts. They are launching new models with advanced features, such as lightweight frames, enhanced aerodynamics, and integrated smart technologies, catering to the growing demand for high-performance bikes. Furthermore, these companies are expanding their distribution networks, both online and offline, to reach a broader customer base. Partnerships with professional cycling teams and sponsorships of major sporting events are also helping to boost brand visibility and market presence.
In February 2022, Scott Sports India introduced the Avanti Giro FM1 bicycle, marking the New Zealand bicycle brand Avanti’s debut in the Indian market.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 – 2032
Chapter 3 Sports Bicycles Market Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component manufacturers
3.2.3 Manufacturers
3.2.4 Battery and electric system suppliers
3.2.5 Distributors and retailers
3.2.6 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Growing interest in cycling as a sport
3.8.1.2 Increased focus on fitness & wellness among bicycle consumers
3.8.1.3 Increased leisure and recreation activities
3.8.1.4 Government initiatives to promote cycling
3.8.2 Industry pitfalls & challenges
3.8.2.1 High cost of high-performance sports bicycle
3.8.2.2 Limited cycling infrastructure
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
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