What is Track Bike Market?
A track bicycle or track bike is a bicycle optimized for racing at a velodrome or outdoor track. Unlike road bicycles, the track bike is a fixed-gear bicycle and so has a single gear and neither freewheel nor brakes. According to a secondary sources, in 2018, about four million, the number of young adults participating in cycling has remained largely constant. The track bikes are stiffer in nature to maximize acceleration and power transfer, particularly for sprinting. These bikes are used in various sports events for instance, track cycling is one of the Olympic sports in Australia. As per a survey in 2019, the cycling participation rate in Australian capital city such as Darwin reported to have 43.9% of the population ridden bicycles in the previous year. The demand for track bikes in European countries in indoor track events is boosting the market growth.
The market study is being classified by Type (Standard Track Bike, Sprinters Track Bike and Pursuit Track Bike), by Application (Competition, Training and Others) and major geographies with country level break-up.
Cannondale Bicycle Corporation (United States), Fuji Bikes (United States), KOGA B.V. (Netherlands), Look Cycle (France), Dedacciai (Italy), Cinelli (Italy), Dolan Bikes Limited (England), R&A Cycles (United States), HOY Bikes (United States), BMC (Switzerland), Felt Bicycles (United States), Giant Manufacturing Co. Ltd (Taiwan) and Argon 18 (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Trek Bicycle Corporation (United States), Cervélo Cycles (United States), Bikes De Ver (Australia), Cobra (United States), Santafixie (Spain), S1neo (France), Frog Bikes (United Kingdom) and The Light Blue Sport (United Kingdom).
The global track bike market is largely competitive and consists of several vendors who compete based on factors such as features, product quality, size, and product pricing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose as significant risk factors for the growth of manufacturer’s in the market. Research Analyst at AMA predicts that United States and European Vendors will contribute to the maximum growth of Global Track Bike market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Track Bike market by Type, Application and Region.
On the basis of geography, the market of Track Bike has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Track Bikes in Europe
- Growing Popularity of Cycling Race as Sports
- Demand for Durable and Corrosion Resistance Track Bike
- Growing Adoption of Track Bikes by Women
- Demand for Lightweight and High Strength Track Bikes
- Rising Number of Local Players
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Track Bike Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
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