Road Bicycle Market Scope
A road bicycle is designed to take individuals as far and as fast as their legs can manage. Road bicycle gets its name from the terrain it is designed to be used on the road. The increase in the number of people opting for road bicycling as a form of leisure is anticipated to propel the growth of the market. Preference for road bicycles as a convenient form of exercise to ensure a healthy life, free from obesity and other disorders is expected to project growth of the global road bicycle market in the forecast period.
The Road Bicycle market study is segmented, by Application (Personal (Sports, Fitness) and Commercial) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Asian and United States Vendors will contribute to the maximum growth of Global Road Bicycle market throughout the predicted period.
Giant Bicycle (Taiwan), Merida Industry Co. Ltd. (Taiwan), Dahon (United States), Montague Bike (United States), Birdy Bike (Taiwan), Brompton Bicycle (United Kingdom), Accell Group (Netherlands), Trek Bicycle Corporation (United States), Dorel Industries (Canada), A-bike (United Kingdom), Helix (United States) and Haibike (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Moustache Bikes (France), Bike Friday (United States), Phoenix Bike (China) and Rotwild (DE) (Germany).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Road Bicycle market by Type, Application and Region.
On the basis of geography, the market of Road Bicycle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, Taiwan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Growing Trend of Mixed Mode of Commutation among Urban Commuters
- Use of Modern Composite Materials for Lighter and Sturdy Bicycle Frames
- Growing Awareness towards Environmental Pollution, Personal Health, and Fitness among People
- Rising Consumerís Inclination toward Healthy Lifestyle Coupled with Favorable Government Initiatives
- Rising Awareness Related To the Benefits of Bicycle in Developing Countries
- Growing Investing In Research and Development Activities to Develop Innovative Bicycle
- Intense Competition Among the Bicycles Manufacturer
- High Cost of Lightweight Bicycles Made Using Composite Materials
Key Target AudienceRoad Bicycle Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Road Bicycle Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.
3. What is expected growth rate?
According to AMA, the Global Road Bicycle market is expected to see growth rate of 4.57%.