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Global Bottle Cages Market Size Analysis By Material (Carbon, Fiber Reinforced Materials, Metal), By Cages Type (Aerobar Cages, Frame Cages, & Rear Cages), By Distribution (Online & Offline), By Geography (North America, Europe, Asia-Pacific) - Industry Size Analysis And Forecast 2016-2024

Published On : 2018-03-20 Report Page : 290 Category: Manufacturing

Global Bottle Cages Market 

Market Overview

Bottle cages have been widely in use in the bikes for the convenience of the rider to carry the water, juices or other drinks. These cages are placed on the rear or on the frame of bike. The growing number of bicycle in various sports such as racing, mountaineering, and others has increased the scope for bottle cages. Bicycles are purchased for varied uses by different segment of people, but the bottle cages have its importance for every category of people having bicycle. In U.S., there were 133.6 million cyclists/bike riders, 85.0% of which equipped with bottle cages. High-end consumers are more tilted towards purchasing premium models of bicycle and a bottle cages equipped as an aesthetic.

Goldstein Research analyst forecast that the global bottle cages market is expected to grow at a CAGR of 4.3% over the forecast years. The easy availability of raw materials, consumer preferences, number of bicycles, number of advanced bottles useful while biking and more are some of the factors that will grow the bottle cages market as per the forecast.

Covered in This Bottle Cages Market Report

The report covers the present ground scenario and the future growth prospects of the bottle cages market for 2016-2024 along with the sales and revenue of the bottle cages. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. We have forecast the market on the basis of shipment of the bottle cages, manufacturers and distributors of the bottle cages, market trends, Raw material supply, cyclist population, demand and supply of bottle cages.

Global Bottle Cages Market Segmentation

By Material

  • Carbon
  • Fiber Reinforced Material (FRM)
  • Metal

By Cages Type

  • Aerobar Cages
  • Frame Cages
  • Rear Cages

By Distribution

  • Online
  • Offline

Based on Geography

  • North America (U.S. & Canada)  bottle cages market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  bottle cages market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden &RoE)  bottle cages market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  bottle cages market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  bottle cages market {Market Share (%), Market Size (USD Billion)}

Target Audience

  • Bottle Cage Manufacturers
  • Bicycle Manufacturers
  • Cycling Bottle Manufacturers
  • Suppliers

On the basis of material, fiber reinforced material (FRM) has the largest market share of 36.8% in 2016 in global bottle cages market. FRM is lightweight material and keeps the total weight of the bike low especially for the bike racers and mountain climbers, is being majorly purchased as compared to other material bottle cages. Aerobar cages market is growing at a fast rate of 4.8% annually, being the convenient for the rider’s use as per the position and carrying space of the bottle cages.

Bottle cages market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the bottle cages market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global bottle cages market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Market Trends, Drivers and Challenges

There is a rising trend of old methods of losing and maintaining weight i.e. by bicycling. With the rising demand for bicycles to maintain the health, there is equally growth in the shipment of bottle cages in order to supplement the riders with water or energy drinks. In 2016, globally there were 1.9 billion overweight adults. 50% of the people working on their health are using bicycles.

According to the report, major driving factor for the growth of bottle cages market is the lack of space on the bikes, and the requirement of space to carry bottles along. Using any other methods such as basket on rear makes the bicycle heavy and unbalanced. The mountain bicycles, cross-country bicycles and others regularly need the use of bottle, thus driving the growth of bottle cages.

Further, the high application of FRM bottle cages is associated with high prices, making the product costlier than other types and becomes difficult for the manufacturers to readily opt for such options.

Bottle Cages Market Analysis                                                

Based on geography, North America had the largest stake in the global bottle cages market having 36.7% in 2016. Population in North America is more likely to adapt bicycles than cars due to the high cost of cars, instigating the high sales of bottle cages. In 2016, U.S. sales of bicycles was double than sales of cars. Europe bottle cages market has been growing at a rate of 3.6%, on the back of presence of maximum number of manufacturers in this region such as Giant UK.

Key Players

Global bottle cages market report comprises of the following companies as the key players in the bottle cages market: Elite s.r.l., XLAB, Giant UK, Essor USA, Blackburn, Lezyene, Pro-Lite, Campagnolo, Arundel.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Bottle Cages Market Report

  • What is the total market size by 2024 and what would be the expected growth rate?
  • What is the revenue of global bottle cages market in 2015-16 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Bottle Cages Market Size Analysis By Material (Carbon, Fiber Reinforced Materials, Metal), By Cages Type (Aerobar Cages, Frame Cages, & Rear Cages), By Distribution (Online & Offline), By Geography (North America, Europe, Asia-Pacific) - Industry Size Analysis And Forecast 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements