Racing bike is used to describe bicycles or motor bike that are built for traveling at speed on paved roads. These bicycles are built with more endurance and less the fast bursts for the desired speed. Therefore, racing bikes usually have more gear combinations and fewer hi-tech racing features. Fad for racing is increasing rapidly, hence driving the growth of the racing bike market.This growth is primarily driven by Increasing craze of bike racing and Increment in count of tournaments held worldwide.
Globally, a noticeable market trend is evident Increase in the use of folding electric bike
. Major Vendors, such as Giant Bicycles Inc. (China), Atlas Cycles Ltd. (India), Derby Cycle Holding GmbH (Germany), Trek Bicycle Corporation (United States), Avon Cycles Ltd. (India), Zhonglu Co., Ltd. (China), Tube Investments of India Limited (India), Dorel Industries Inc. (Canada), Merida Industry Co., Ltd. (China), Tandem Group plc (United Kingdom), Samchuly Bicycle Co., Ltd. (South Korea), F.I.V.E. Bianchi S.p.A. (Italy) and Specialized Bicycle Components (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Accell Group has successfully completed the expansion of its minority stake in Velosophy BV to 100%. With the acquisition, Accell Group accelerates its innovation strategy
- Increasing craze of bike racing
- Increment in count of tournaments held worldwide
- Increase in the use of folding electric bike
- Technological advancement in the bike
- High cost
- Lack of the infrastructure
Launching innovative bicycles and accessories and Adoption Branding strategy in bike racing
Expenses with biking and Other substitutes available for biking or in place of biking
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