The global Road Bicycle market was valued at US$ 3763 million in 2020 and it is expected to reach US$ 4560.9 million by the end of 2027, growing at a CAGR of 1.5% during 2021-2027.
Road Bikes is used to describe bicycles built for traveling at speed on paved roads. Some sources use the term to mean racing bicycle. Other sources specifically exclude racing bicycles from the definition, using the term to mean a bicycle of a similar style but built more for endurance and less the fast bursts of speed desired in a racing bicycle; as such, they usually have more gear combinations and fewer hi-tech racing features.
In the global market, the core manufacturers of road bicycle include Giant and Trek etc, and the top 2 manufacturers account for above 20% of the market share. aluminum road bike accounted for 58% and carbon fiber road bike accounted for 30%. The product is mainly used in transportation tools and racing fields, with a share of 76% and 24%.
Global Road Bicycle Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Road Bicycle Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Giant, Trek, Accell, Merida, Cube, Cannondale, Grimaldi Industri, Specialized, Fuji Bikes, Hero Cycles, Scott Sports, Look, Atlas, Xidesheng Bicycle, Shanghai Phonex, KHS and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-road-bicycle-market-outlook
Segment by Type
- Aluminum Road Bike
- Carbon Fiber Road Bike
Segment by Application
- Transportation Tools
Table of Content:
1 Road Bicycle Market Overview
2 Road Bicycle Market Competition by Manufacturers
3 Road Bicycle Retrospective Market Scenario by Region
4 Global Road Bicycle Historic Market Analysis by Type
5 Global Road Bicycle Historic Market Analysis by Application
6 Key Companies Profiled
7 Road Bicycle Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Road Bicycle Market Dynamics
10 Global Road Bicycle Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.