This market research report includes a detailed segmentation of the global sports bicycle market by product (mountain bicycle, cyclo-cross bicycle, road racing bicycle, and track bicycle), by distribution channel (mono-brand stores, sports chain stores, online retail stores, and others), and key regions (APAC, Europe, North America, and ROW). It also includes an insightful analysis of the leading vendors in this market such as SCOTT, Schwinn, Kestrel Bicycles, and Jamis Bicycles.
Technavio’s market research analysts estimate the global sports bicycle market to grow at a CAGR of 6% between 2016 and 2020. The rising popularity of bicycle rental programs is one of the major factors contributing to the growth of the sports bicycle market. Many cities in France like Marseille, Bordeaux, Lyon, Toulouse, La Rochelle, Montpellier, Strasbourg, and Avignon offer bike-sharing programs. North Americas leads the sports bicycle segment, accounting for 39% of the overall market share. The growth of this region is due to the rising interest in sports recreational activities such as mountain bicycling and road racing.
The new market research report from Technavio provides a breakdown and analysis of the sports bicycle segments by technology.
“Manufacturers are coming up with various innovations in terms of designs, comfort and appearance of sports bicycles. For instance, Helios launched handle bars with built-in LED headlights, Schwalbe and Tannus introduced high-pressure tires that will not become punctured. Manufacturers are also incorporating GPS tracking devices in bicycles. They are developing lighter body parts for the comfort of the consumers,” says Brijesh Kumar Chaubey, Lead Analyst, Consumer & Retail, Technavio Research.
The mountain bicycles segment leads the global sports bicycle market, which is due to an increase in the demand for these cycles for leisure and fun. For instance, in Seattle, Washington, and the US, mountain biking gained considerable popularity in the past decade, and local government bodies are opening up mountain trails owing to the demand.
The leading vendors in the global sports bicycle market include SCOTT, Schwinn, Kestrel Bicycles, and Jamis Bicycles. The existence of a large number of vendors in the sports bicycle market is expected to heighten the competition among the vendors during the forecast period. Therefore, vendors need to focus on innovative marketing strategies to counter this increasing competition and to penetrate the competitive market. Many vendors today are coming up with attractive offerings like home delivery of sports bicycles, along with customized accessories. Such services provide additional values that can attract consumers to a great extent.
A more detailed analysis is available in the Technavio report, Global Sports Bicycle Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global E-Bike Market 2015-2019
- Global Pedelec Market 2015-2019
- Electric Two-Wheelers(E2ws) Market In China 2015-2019
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