Global Bicycle Wheels Market Overview:
The bicycle wheels market has made significant gains in the recent past, owing to increasing bicycle ownership in response to discovering eco-friendly alternatives to conventional fossil-fuel has driven vehicles which are heightening sales of bicycles. From introducing carbon wheels to hybrid bikes, bicycle wheel manufacturers are introducing a slew of innovative products to deepen market penetration. Increasing demand for bicycles has led to significant growth of the global bicycle wheels market in the forecast period.
- Increasing Popularity of Cycling Competitions in Sporting Events
- Rising Bicycle Ownership in Response to Discovering Eco-Friendly Alternatives to Conventional Fossil-Fuel
- Increasing Demand Light Weight Bicycle Wheels
- Fluctuating Raw Material Prices
- Technological Development in the Manufacturing of the Bicycle Wheels
- Intense Competition Among the Competitors
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.
Some of the key players profiled in the report are Shimano (Japan), Campagnolo (Italy), Zipp (United States), Knight Composites (United States), DT Swiss (Switzerland), Prime Components (United Kingdom), Mavic (France), FFWD Wheels (Netherlands), Pro Lite (Taiwan), Miche (Italy), Industry Nine (United States), Forza Cirrus (Belgium), Rolf Prima (United States), Sensa Supra (Netherlands), Halo Wheels (United Kingdom), Hunt Bike Wheels (United Kingdom) and Yishun Bike (China). Additionally, following companies can also be profiled that are part of our coverage like Ambrosio (Italy), Williams Cycling (United States), ROL Wheels (United States), Easton Cycling (United States), Cero Wheels (United Kingdom), Boyd Cycling (United States) and Woven (Canada). Analyst at AMA Research see European and United States Vendors to retain maximum share of Global Bicycle Wheels market by 2026. Considering Market by Tire Size, the sub-segment i.e. Up to 12 Inch will boost the Bicycle Wheels market. Considering Market by Sales Channel, the sub-segment i.e. OEM will boost the Bicycle Wheels market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bicycle Wheels 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 Bicycle Wheels 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 Bicycle Wheels Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.