The study covers a detailed analysis segmented by key business segments i.e. by type (Rear Panniers, Front Panniers, Handlebar Bags, Saddle Bags and Trunk Bags) , by application (Travel and Race) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bike Bags market throughout the predicted period.
What is Bike Bags?
Instead of a big bag swinging off the side of a rack, the current era of bikepacking bags is lashed to the bike’s frame, taking advantage of otherwise unused space. The shift in load distributes the weight, increases usability, and stabilizes the bike. It offers three bag collections such touring, road, and offroad.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Bike Bags market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- Ortlieb Sportartikel GmbH (Germany)
- Trek Bicycle Corporation (United States)
- Timbuk2 (United States)
- Scicon (Italy)
- Thule Group AB (Sweden)
- VAUDE (Germany)
- Apidura (United Kingdom)
- Roswheel (China)
- BASIL (Netherland)
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.
Use of Social Media by Retailers for doing Promotion
- High Cost associated with the Bike Bags
Surging Demand for Premium and Fashionable Bike Bags and Rising E-Commerce is Driving Growth in the Market
Key highlights of the Global Bike Bags market Study:
CAGR of the market during the forecast period 2019-2025
Detailed information on factors that will accelerate the growth of the Bike Bags market for the next five years.
Forecast of the Global Bike Bags market size and its contribution to the parent market by type, application and by country.
Insights on upcoming trends and changes in consumer behaviour
Uncovering markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Bike Bags Vendors
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bike Bags market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bike Bags market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Bike Bags Manufacturers, Bike Bags Bags Suppliers, Bike Bags Wholesalers and Retailers, Bike Bags Raw Material Suppliers, Potential Investors and Research Firm.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.