High-End Bicycle Market to grow by USD 4,786.35 million from 2022 to 2027|North America to contribute 35% of the market growth- Technavio

NEW YORK, July 12, 2023 /PRNewswire/ — The high-end bicycle market is estimated to grow by USD 4,786.35 million from 2022 to 2027 growing at a CAGR of 6.16%. North America is estimated to account for 35% of market growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America contributed to the largest revenue share of the market due to factors such as the availability of an enormous number of vendors and the rising disposable income of a significant share of the population in 2022. According to the World Bank Group, the GDP per capita (current USD) in North America increased by 8.97% in 2021 compared to 2020. The GDP per capita in the US increased by 8.29% in 2021 compared to 2020. The rising disposable income is allowing people to prefer high-end bicycles for various applications. Such factors are expected to drive the growth of the regional high-end bicycle market during the forecast period. For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) – View the Sample report

Vendor Landscape

The high-end bicycle market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances and the price of the products. The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Market Dynamics

Major Drivers & Challenges-

The declining cost of lithium-ion batteries is the major factor driving the high-end bicycle market growth. In Europe and most developing Asian countries, the rising popularity of e-bikes is expected to drive the growth of the market. E-bikes are one of the most advanced types of high-end bicycles. E-bikes provide a battery-powered assist when the rider pedals the bicycle. While pedaling, the pedal assist activates the motor in the e-bike and enables the rider to ride uphill and cruise over difficult terrain with comfort. In addition, these bikes allow riders to manage (increase and decrease) the speed smoothly and do not tire out riders. In the past, factors such as the need to charge the battery constantly have impeded the adoption of e-bikes. Nevertheless, the availability of technologically advanced batteries, which can retain battery life for a longer period, and also the availability of fast-charging options help the adoption of e-bikes. E-bike vendors are investing largely in developing their product portfolios. Moreover, government initiatives and subsidies for e-bikes are anticipated to eliminate the present hindrance faced by e-bikes, which will support market growth during the forecast period.

The high maintenance cost of e-bikes is a significant challenge that may hinder the high-end bicycle market growth. In recent years, e-bikes gained significant popularity globally and face a threat from their adoption in developing countries. Although in Europe, the e-bike market is experiencing strong growth. Lack of proper infrastructure is one of the major challenges faced by developing countries such as APAC and other South American countries. The lack of required infrastructure to support and facilitate commuters to use e-bikes is significantly restricting the sales of these high-end bicycles. Even today, many developing countries do not have bicycle lanes and lock systems in public areas to prevent the theft of bicycles. Such factors are also restricting the adoption of high-end bicycles. Nevertheless, the significant hardship faced by the market is the high maintenance cost associated with high-end bicycles like e-bikes. E-bikes run on batteries, which need constant charging and regular maintenance. Further, the low running range and high maintenance and repair costs of e-bikes are anticipated to hinder their adoption, thereby posing a challenge to the growth of the high-end bicycle market during the forecast period.

Key Trends- The smart features in high-end bikes will drive the global high-end bicycle market growth.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. – View Sample Report

Company Profiles

The high-end bicycle market report includes information on the product launches, sustainability, and prospects of leading vendors including Accell Group NV, BH BIKES EUROPE SL, Cicli Pinarello Srl, DAHON North America Inc., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Grimaldi Industri AB, Klever Mobility Europe GmbH, Kona Bicycle Co., LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co. Ltd., Samchuly Bicycle Co. Ltd., Santa Cruz Bicycles LLC, SCOTT Sports SA, Specialized Bicycle Components Inc., Storck Bicycle GmbH, and Trek Bicycle Corp.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

High-End Bicycle market segmentation by product (hybrid bikes, mountain bikes, road bikes, track bikes, and other bikes), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth by the hybrid bikes segment will be significant during the forecast period. It’s a combination of a mountain bike, a touring bike, and a road bike. Over different types of terrain, hybrid bicycles are ideal for riding, and thus, they can be used for commuting on a day-to-day basis. Similar to mountain bikes, these bicycles have a flat handlebar instead of the drop bar found on road bicycles. Consequently, hybrid bicycles are equipped with brake and gear components similar to mountain bicycles. These cycles are lightweight and have thinner wheels and smooth tires (like road bikes), which allow riders to gain higher speed with less exertion while riding on roads. 

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Related Reports:

The Europe bicycle market is estimated to grow at a CAGR of 4.05% between 2022 and 2027. The market size is forecast to increase by USD 4,734.4 million. This report extensively covers market segmentation by distribution channel (offline and online) and end-user (men, kids, and women). Increasing awareness regarding health and fitness will drive the bicycle market in Europe.

The children’s bicycle market share is expected to increase by USD 3.07 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.98%. This report extensively covers the children’s bicycle market segmentation by type (18 inches, 20 inches, 16 inches, and 24 inches) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The extension in the range of children’s bicycles, supplier chain management, and M&A are one of the major drivers impacting the children’s bicycle market growth.

Table of contents

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global high-end bicycle market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global high-end bicycle market 2017 – 2021 ($ million)

• 4.2 Product Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Hybrid bikes – Market size and forecast 2022-2027
• Exhibit 34: Chart on Hybrid bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Hybrid bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Hybrid bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Hybrid bikes – Year-over-year growth 2022-2027 (%)

• 6.4 Mountain bikes – Market size and forecast 2022-2027
• Exhibit 38: Chart on Mountain bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Mountain bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Mountain bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Mountain bikes – Year-over-year growth 2022-2027 (%)

• 6.5 Road bikes – Market size and forecast 2022-2027
• Exhibit 42: Chart on Road bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Road bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Road bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Road bikes – Year-over-year growth 2022-2027 (%)

• 6.6 Track bikes – Market size and forecast 2022-2027
• Exhibit 46: Chart on Track bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Track bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Track bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Track bikes – Year-over-year growth 2022-2027 (%)

• 6.7 Other bikes – Market size and forecast 2022-2027
• Exhibit 50: Chart on Other bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Other bikes – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Other bikes – Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Other bikes – Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 55: Chart on Distribution Channel – Market share 2022-2027 (%)
• Exhibit 56: Data Table on Distribution Channel – Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 57: Chart on Comparison by Distribution Channel
• Exhibit 58: Data Table on Comparison by Distribution Channel

• 7.3 Offline – Market size and forecast 2022-2027
• Exhibit 59: Chart on Offline – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Offline – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Offline – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Offline – Year-over-year growth 2022-2027 (%)

• 7.4 Online – Market size and forecast 2022-2027
• Exhibit 63: Chart on Online – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Online – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Online – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Online – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 67: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027
• Exhibit 105: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027
• Exhibit 109: Chart on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Accell Group NV 
• Exhibit 120: Accell Group NV – Overview
• Exhibit 121: Accell Group NV – Business segments
• Exhibit 122: Accell Group NV – Key offerings
• Exhibit 123: Accell Group NV – Segment focus

• 12.4 BH BIKES EUROPE SL 
• Exhibit 124: BH BIKES EUROPE SL – Overview
• Exhibit 125: BH BIKES EUROPE SL – Product / Service
• Exhibit 126: BH BIKES EUROPE SL – Key offerings

• 12.5 Cicli Pinarello Srl 
• Exhibit 127: Cicli Pinarello Srl – Overview
• Exhibit 128: Cicli Pinarello Srl – Product / Service
• Exhibit 129: Cicli Pinarello Srl – Key offerings

• 12.6 DAHON North America Inc. 
• Exhibit 130: DAHON North America Inc. – Overview
• Exhibit 131: DAHON North America Inc. – Product / Service
• Exhibit 132: DAHON North America Inc. – Key offerings

• 12.7 Derby Cycle Holding GmbH 
• Exhibit 133: Derby Cycle Holding GmbH – Overview
• Exhibit 134: Derby Cycle Holding GmbH – Product / Service
• Exhibit 135: Derby Cycle Holding GmbH – Key offerings

• 12.8 Dorel Industries Inc. 
• Exhibit 136: Dorel Industries Inc. – Overview
• Exhibit 137: Dorel Industries Inc. – Business segments
• Exhibit 138: Dorel Industries Inc. – Key offerings
• Exhibit 139: Dorel Industries Inc. – Segment focus

• 12.9 Giant Manufacturing Co. Ltd. 
• Exhibit 140: Giant Manufacturing Co. Ltd. – Overview
• Exhibit 141: Giant Manufacturing Co. Ltd. – Product / Service
• Exhibit 142: Giant Manufacturing Co. Ltd. – Key offerings

• 12.10 Greenwit Technologies Ltd. 
• Exhibit 143: Greenwit Technologies Ltd. – Overview
• Exhibit 144: Greenwit Technologies Ltd. – Product / Service
• Exhibit 145: Greenwit Technologies Ltd. – Key offerings

• 12.11 Grimaldi Industri AB 
• Exhibit 146: Grimaldi Industri AB – Overview
• Exhibit 147: Grimaldi Industri AB – Product / Service
• Exhibit 148: Grimaldi Industri AB – Key offerings

• 12.12 Klever Mobility Europe GmbH 
• Exhibit 149: Klever Mobility Europe GmbH – Overview
• Exhibit 150: Klever Mobility Europe GmbH – Product / Service
• Exhibit 151: Klever Mobility Europe GmbH – Key offerings

• 12.13 Kona Bicycle Co. 
• Exhibit 152: Kona Bicycle Co. – Overview
• Exhibit 153: Kona Bicycle Co. – Product / Service
• Exhibit 154: Kona Bicycle Co. – Key offerings

• 12.14 LOOK Cycle International 
• Exhibit 155: LOOK Cycle International – Overview
• Exhibit 156: LOOK Cycle International – Product / Service
• Exhibit 157: LOOK Cycle International – Key offerings

• 12.15 Merida Industry Co. Ltd. 
• Exhibit 158: Merida Industry Co. Ltd. – Overview
• Exhibit 159: Merida Industry Co. Ltd. – Business segments
• Exhibit 160: Merida Industry Co. Ltd. – Key offerings
• Exhibit 161: Merida Industry Co. Ltd. – Segment focus

• 12.16 Specialized Bicycle Components Inc.
• Exhibit 162: Specialized Bicycle Components Inc. – Overview
• Exhibit 163: Specialized Bicycle Components Inc. – Product / Service
• Exhibit 164: Specialized Bicycle Components Inc. – Key offerings

• 12.17 Trek Bicycle Corp. 
• Exhibit 165: Trek Bicycle Corp. – Overview
• Exhibit 166: Trek Bicycle Corp. – Product / Service
• Exhibit 167: Trek Bicycle Corp. – Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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