[ad_1]
NEW YORK, Aug. 8, 2023 /PRNewswire/ — The Europe bicycle market is witnessing regular development, pushed by growing well being consciousness and a rising curiosity in biking as a sustainable mode of transportation. Authorities initiatives selling bicycles and a various vary of distribution channels are contributing to the market’s growth throughout the area. Based on the newest market evaluation report by Technavio, the Europe-Bicycle Market is about to attain a staggering Compound Annual Progress Price (CAGR) of 4.05% between 2022 and 2027, propelling the market dimension to skyrocket by an astonishing USD 4,734.4 million in the course of the forecast interval.
The Europe-bicycle market report extensively covers market segmentation based mostly on product, end-user, and geographical areas. The report analyzes numerous bicycle merchandise, together with mountain bikes, street bikes, hybrid bikes, electrical bikes, and extra. It additional examines the end-users of bicycles, specializing in particular person shoppers, bike rental companies, and institutional consumers like faculties and corporations. Geographically, the report covers North America, Europe, Asia, and the Remainder of the World (ROW) areas, offering insights into the regional dynamics and potential development alternatives. It additionally contains an in-depth examination of the drivers, traits, and challenges shaping the trade, with historic market information from 2017 to 2021, offering beneficial insights for firms to refine their advertising and marketing methods and acquire a aggressive edge. Click here to view the report.
The analysis report additionally contains detailed analyses of the aggressive panorama of the market and details about 21 market firms, together with:
-
Accell Group NV
-
BH BIKES EUROPE SL
-
BikeCo LLC
-
Brompton Bicycle Ltd.
-
Cicli Pinarello Srl
-
Cycleurope AB
-
Large Manufacturing Co. Ltd.
-
GOVECS AG
-
Kalkhoff Werke GmbH
-
Kona Bicycle Co.
-
KWANG YANG MOTOR Co. Ltd.
-
LOOK Cycle Worldwide
-
Marin Mountain Bikes Inc.
-
Maxxis Worldwide
-
Merida Trade Co. Ltd.
-
Santa Cruz Bicycles LLC
-
SCOTT Sports activities SA
-
Storck Bicycle GmbH
-
Trek Bicycle Corp.
-
Vassla AB
Key takeaways of the Europe-Bicycle Market report:
-
Driving Elements: The market’s growth is primarily attributed to growing consciousness concerning well being and health amongst European shoppers. Biking has gained recognition as a most well-liked possibility for normal bodily exercise resulting from its cardiovascular advantages and minimal affect on the physique. Authorities insurance policies and initiatives selling bicycles additional contribute to market development.
-
Reputation of Bicycle Rental Providers: The rising recognition of bicycle rental companies in Europe presents an rising development available in the market. As urbanization and visitors congestion enhance, extra persons are choosing bicycles as a handy and eco-friendly mode of transportation. Nonetheless, the rising recognition of rental companies might affect on the sale of recent bicycles in the course of the forecast interval.
-
Risk from Refurbished Bicycles: The market faces a problem from the rising demand for refurbished bicycles, pushed by price-conscious shoppers. Refurbished bicycle gross sales entice prospects who can’t afford new bicycles, doubtlessly lowering the demand for brand spanking new merchandise and affecting the income and growth of the bicycle market in Europe.
-
Enterprise Technique Insights: The report offers qualitative and quantitative evaluation of firms to grasp the aggressive panorama and the strengths and weaknesses of key market gamers. This evaluation categorizes firms based mostly on their focus and market place.
-
Adoption Lifecycle and Buy Standards: The report contains insights into the adoption lifecycle of the market, from innovators to laggards, and key buy standards. This info helps firms consider and develop development methods to focus on particular buyer segments successfully. To get an perception into the Europe-Bicycle drives and traits, download the sample report here.
The Europe bicycle market is about to expertise substantial development within the forecast interval, pushed by growing well being consciousness and the recognition of bicycle sports activities occasions. Whereas bicycle rental companies and refurbished bicycles pose challenges, strategic initiatives by firms will play a significant function in sustaining and increasing market presence. Corporations should leverage market traits and insights from this report back to refine their advertising and marketing methods and acquire a aggressive edge within the dynamic European bicycle market. Do not miss out on this chance to remain forward of the competitors – Buy the report now and elevate your small business to new heights!
Beneath, discover just a few associated reviews:
Sports Bicycle Market: The sports activities bicycle market share is predicted to extend by USD 5.22 billion from 2021 to 2026, and the market’s development momentum will speed up at a CAGR of 6.19%. The sports activities bicycle market segmentation by product (mountain bicycles, cyclo-cross bicycles, street racing bicycles, and observe bicycles) and geography (North America, Europe, APAC, Center East and Africa, and South America).
High-End Bicycle Market: The high-end bicycle market is estimated to develop at a CAGR of 6.16% between 2022 and 2027. The scale of the market is forecast to extend by USD 4,786.35 million. The report covers market segmentation by product (hybrid bikes, mountain bikes, street bikes, observe bikes, and different bikes), distribution channel (offline and on-line), and geography (APAC, North America, Europe, Center East and Africa, and South America).
About Technavio
Technavio is a trusted supply for trade information and insights that assist firms keep forward in at present’s aggressive panorama. With a crew of skilled analysts and researchers, we repeatedly scrutinize and consider the dynamic panorama of markets throughout the globe. Our complete protection, meticulous analysis methodologies, and pragmatic trade experience have earned us the belief and reliance of an enormous clientele, together with over 100 esteemed Fortune 500 organizations.
View authentic content material to obtain multimedia:https://www.prnewswire.com/news-releases/with-a-growth-of-usd-4-734-4-million-from-2022-to-2027–europe-bicycle-market-thrives-due-to-increasing-awareness-of-health-and-fitness-301896039.html
SOURCE Technavio
[ad_2]