7 hours Ago By By TechNavio
NEW YORK , Nov. 25, 2024 /PRNewswire/ -- The global high-end bicycle market size is estimated to grow by USD 5.03 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 6.31% during the forecast period. Growing adoption of e-bikes in developing countries is driving market growth, with a trend towards increasing concerns regarding health and fitness.
However, high maintenance of e-bikes poses a challenge. Key market players include Accell Group NV, BH BIKES Europe SL, Cicli Pinarello Srl, DAHON North America Inc., Dorel Industries Inc.
, Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd.
, Grimaldi Industri AB, Kalkhoff Werke GmbH, Klever Mobility Europe GmbH, Kona Bicycle Co., LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co.
Ltd., Samchully Co. Ltd.
, Santa Cruz Bicycles LLC, Specialized Bicycle Components Inc., Storck Bicycle GmbH, Trek Bicycle Corp., and Youngone Corp.
, Bianchi, Jamis Bicycles, Kuota, Orbea, Scott Sports , Cannondale, Colnago, Felt Bicycles, Gazelle Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF High-End Bicycle Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.31% Market growth 2024-2028 USD 5.
03 billion Market structure Fragmented YoY growth 2022-2023 (%) 6.15 Regional analysis North America, APAC, Europe, South America, and Middle East and Africa Performing market contribution APAC at 33% Key countries US, China, Germany, UK, and France, Japan, Italy, Australia, Netherlands, Canada Key companies profiled Accell Group NV, BH BIKES Europe SL, Cicli Pinarello Srl, DAHON North America Inc., Dorel Industries Inc.
, Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd.
, Grimaldi Industri AB, Kalkhoff Werke GmbH, Klever Mobility Europe GmbH, Kona Bicycle Co., LOOK Cycle International, Marin Mountain Bikes Inc., Merida Industry Co.
Ltd., Samchully Co. Ltd.
, Santa Cruz Bicycles LLC, Specialized Bicycle Components Inc., Storck Bicycle GmbH, Trek Bicycle Corp., and Youngone Corp.
, Bianchi, Jamis Bicycles, Kuota, Orbea, Scott Sports, Cannondale, Colnago, Felt Bicycles, Gazelle The high-end bicycle market is experiencing a boom in innovation and technological developments. Fine craftsmanship meets high performance in this industry, as cycling enthusiasts seek out premium materials like lightweight carbon fiber, titanium, and sophisticated alloys. Aerodynamic designs, precision engineering, and sophisticated suspension ensure strength, durability, agility, and overall performance.
Parts and accessories, such as gearboxes, powerful brakes, and electronic components, are becoming increasingly advanced. Technological innovation and smart connectivity, including electronic shifting systems, are transforming the cycling experience. E-bikes, with their efficiency, sustainability, and eco-friendly features, are gaining popularity.
Pedal assistance and streamlined designs with lighter batteries and e-specific components expand cycling possibilities. Luxury bikes offer built-in sensors, custom fitting services using 3D scanning and biomechanical analysis, and high-end components. The bicycle gearbox, a gearing system that uses rotational speed, torque, and drive wheels, is revolutionizing power transmission.
High-speed bicycles with torque multiplication, inertia matching, and speed control are setting new standards for performance and safety. Despite the advancements, conventional bikes remain a favorite for riders who prefer a traditional cycling experience. The high-end bicycle market is poised for growth due to the increasing awareness regarding the health benefits of cycling.
With the rise of desk-based jobs and sedentary lifestyles, the need for physical activity has become more crucial than ever. Cycling offers an efficient and low-impact exercise solution, reducing the strain and risk of injuries compared to other forms. Companies are promoting this activity as a means to combat the negative effects of prolonged sitting and improve overall well-being.
Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This high-end bicycle market report extensively covers market segmentation by 1.1 Hybrid bikes- The global high-end bicycle market is experiencing growth, with hybrid bicycles leading the way. Hybrid bikes combine elements of mountain, touring, and road bikes, making them versatile for various terrains.
Their flat handlebars, brakes, and gear components resemble mountain bikes, while their lightweight design and smooth tires are reminiscent of road bikes. The upright riding position ensures comfort and safety, making hybrid bikes popular among cyclists, commuters, and children. Customization and increased demand from sports enthusiasts are driving the segment's growth.
Vendors like Trek Bicycle Corp. And Dorel Industries Inc. Are capitalizing on this trend, offering high-end hybrid bicycles through brands like SPILLO and BH Bikes Europe SL.
The availability of both conventional and electric hybrid bikes is further fueling market expansion. Owing to their versatility, comfort, and popularity, hybrid bikes are expected to remain the largest segment of the global high-end bicycle market during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The high-end bicycle market is a niche segment of the cycling industry, catering to the demands of discerning cycling enthusiasts.
These bicycles are renowned for their fine craftsmanship, high performance, and premium materials. Lightweight carbon fiber, titanium, and sophisticated alloys are commonly used to create agile and durable frames. Aerodynamic designs, precision engineering, and sophisticated suspension systems ensure strength, durability, and overall performance.
Parts and accessories, such as gearboxes, powerful brakes, and electronic components, are meticulously selected for their technological innovation, smart connectivity, and electronic shifting systems. The boom in innovation and technological development in the high-end bicycle market has led to the emergence of lightweight E-bikes, offering improved efficiency and sustainability. The focus on efficiency, sustainability, and technological advancements sets the high-end bicycle market apart from mass-market offerings.
Market Research Overview The high-end bicycle market is experiencing a boom in innovation and technological developments, catering to the needs of discerning cycling enthusiasts. These bicycles are known for their fine craftsmanship, high performance, and premium materials such as lightweight carbon fiber, titanium, and sophisticated alloys. Aerodynamic designs, precision engineering, and sophisticated suspension systems ensure strength, durability, agility, and overall performance.
Parts and accessories, including gearboxes, powerful brakes, electronic components, and smart connectivity, enhance the riding experience. The cycling industry is witnessing a shift towards e-bikes, which offer efficiency, sustainability, and eco-friendly features like pedal assistance and streamlined designs. Lightweight materials, such as E bikes and their specific components, open up new cycling possibilities.
Luxury bikes come with built-in sensors, custom fitting services using 3D scanning and biomechanical analysis, and electronic shifting systems. The bicycle gearbox, a gearing system that integrates the drive wheels, hub gear, derailleur gears, and power train, offers torque multiplication, inertia matching, speed control, and fatal accident prevention. The automation industry's technological advancements have significantly impacted the high-end bicycle market, offering riders a seamless and enjoyable cycling experience.
Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.
com Website: www.technavio.com/ View original content to download multimedia: https://www.
prnewswire.com/news-releases/high-end-bicycle-market-size-is-set-to-grow-by-usd-5-03-billion-from-2024-2028--growing-adoption-of-e-bikes-in-developing-countries-boost-the-market--technavio-302314923.html SOURCE Technavio.
