Mar 26, 2022   SOURCE: BusinessWire

Worldwide Bicycle Components Industry to 2027 - Featuring Giant Manufacturing, Dorel Industries and Marin Bikes Among Others - ResearchAndMarkets.com

The "Global Bicycle Components Market" report has been added to ResearchAndMarkets.com's offering.

A bicycle is defined as a manually powered or peddle-drive, with two wheels which are attached to frames one behind the other.

The composites are the combination of two/more constituent materials which possess typically different physical & chemical properties. There are different components associated with a bicycle such as bar ends, axle, belt-drive, dynamo, cable-guide, brake, bearing, bell, etc.

Market Drivers

The increase in use of bicycle as part of fitness activities & fun is expected to fuel the growth of the global bicycle components market over the forecast period. As bicycle provides various physical & mental benefits with growing consumer acceptance of bicycle to improve health activities, its demand has raised significantly from the past few years.

The rise in number of people opting for bicycling as a form of leisure is expected to boost the bicycle components market growth.

The rise in preference for green transportation is expected to boost the global bicycle components market growth during this forecast period. As per the WHO report, air pollution contributed to the death of around 3.7 Mn people under the age of 60 in the year 2012.

Passenger vehicles & trucks are the main reasons of the air pollution since they produce significant amount of nitrogen monoxide, carbon monoxide, and other pollutants. Also, fuel-driven vehicles are responsible for air pollution. The bicycle components market is propelled by the collective use of conventional as well as electric bicycles.

Market Restraints

High cost associated with composite materials is anticipated to hamper the growth of the global bicycle components market. Also, the uneven cost-benefit ratio is anticipated to restraint the global bicycle components market growth during this forecast timeline.

Key Questions Addressed by the Report

  • What are the Key Opportunities in Global Bicycle Components Market?
  • What will be the growth rate from 2019 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?
  • What are the strategies adopted by key players?

Market Segmentation

By Type

  • Bicycle
  • Road
  • Mountain
  • Youth
  • Hybrid
  • Comfort
  • Cruiser
  • Electric
  • Components
  • Pedal
  • Saddle
  • Rim
  • Brake
  • Frame

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Companies Mentioned

  • Giant Manufacturing Co. Ltd
  • Dorel Industries Inc
  • Currie Technologies
  • OMAX Corporation
  • Trek Bicycle Corporation
  • Marin Bikes
  • Atlas Cycles
  • Accell Group N.V
  • Merida Industry Co. Ltd
  • Avon Cycles Ltd

For more information about this report visit https://www.researchandmarkets.com/r/6o1xj7