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2020-03-11
500
Europe
Bottle cages have been widely used 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 the bike. The growing number of bicycles in various sports such as racing, mountaineering, and others has increased the scope for bottle cages. Europe bicycle industry had 12,666 units production, which is a good opportunity for bottle cage manufacturers. The demand for bicycles is seen to be rising in various countries such as Germany, France, Italy, the U.K., and more. With the growing number of bicycles, the demand for bottle cages has also been rising. In 2017, Germany made the largest sales amounting to 4050 units of bicycles. Europe has long biking routes that fit for all, thus requiring single or even double bottle cages to supplement the rider.
By Target Audience
By Material
By Cages Type
By Distribution
Based on Geography
Based on geography, Italy had the largest market share of 16% in 2017 of the total Europe bottle cages market, having the highest production, followed by Germany and Portugal in the production share. Other regions such as Romania, France, Czech Republic are the opportunistic regions in the manufacturing of bicycle parts and accessories.
On the basis of material, fiber-reinforced material (FRM) accounted for the largest market share of 32.4% in 2017 of the total European bottle cages market. Europe has a large FRM market providing raw material for manufacturing of bottle cages that are lightweight material, an essential factor for the bicycle racers and mountain climbers, thus it is being majorly purchased material as compared to other material bottle cages. Aerobar cages market is growing at a rate of 3.2% annually, being convenient for rider’s use as per the position and carrying space of the bottle cages.
There is a rising trend of well-being consciousness among the people i.e. by riding a bicycle. With the rising people demand 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 2017, Europe had the second-highest population of overweight or obese, thus 48.4% of the people maintaining their health are using bicycles.
According to the report, the 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 a bottle, thus driving the growth of bottle cages.
Further, Europe imports a major share of bicycles from China, thus companies has limited advantages in setting up bottle cage manufacturing units in Europe. Thus, the bottle cages for the bicycles have to face greater competition from the existing cages attached to the bicycles.
The report covers the present ground scenario and the future growth prospects of the bottle cages market for 2017-2025 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.
Europe bottle cages market outlook 2017-2025, has been prepared based on 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. Europe bottle cages market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
Europe 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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