We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors.
India Bicycle Industry Analysis Report 2017-2025: Market Overview, Trends, Key Players, Development, Outlook, Competitive Analysis and Market Data Forecast.
India Bicycle Industry Outlook 2017-2025
Bicycle Industry has its existence since decades when it was major means of personal transportation. With the advancement of technology, the trend of the bicycle was reduced in India among the middle and high-income population, but its popularity is returning on account of the health priorities and adventure cycling sports. The increasing congestion, urbanization, and sustainability are majorly driving the growing demand for bicycles all over India. Punjab state accounted for the largest share in the manufacturing of bicycles which produced around 10.5 million units in 2017. China bicycle manufacturer are expected to enter Punjab state and boost the industry by introducing lightweight technology. Moreover, the distribution channel has fuelled the growth of India bicycle market, where sales through online distribution channel is rising at a steep rate and are expected to take over large market share over the forecast period. Sales through the bicycle specialty offline stores are still preferred option by the 80% of the population which belongs to middle and lower income group and have a higher preference for physical shopping. Further, the trend of e-bikes is setting up ground for the growth of new and existing entrants. Globally e-bikes are expected to contribute 50% value share by 2022 to the total bicycle industry. Brands such as Atlas, Hero Cycles, Avon cycles have huge market penetration offering low to medium price bicycles and accounted for around 60% market share in 2017. Brands such as Firefox and B’Twin from Decathlon are penetrating into high price segment. Goldstein Research analyst forecast that the India bicycle industry is set to reach 26.4 million units by 2024, growing at a CAGR of 8.6% over the forecast period.
By Product Type
On-Road (Endurance, Fitness, City, etc.)
X-Road (Adventure, Cyclocross, etc.)
Off-Road (Race, Trail, Gravity, etc.)
On-road bicycles segment accounted for largest market share of 63.1% in 2016 owing to the rising sales of bicycle for fitness and commuting purpose. Over the forecast period, e-bikes are expected to take over the market share, growing at a CAGR of 8.9% during 2017-2025.
By Pricing Model
Medium Cost Products
High-End Products (Customized or luxury Brands)
By Distribution Channel
Online Distribution Channel
Offline Distribution Channel
By Business Model
Business to Business (B2B)
Business to Consumer (B2C)
Covered In This India Bicycle Industry Report
The report covers the present ground scenario and the future growth prospects of the bicycle industry for 2017-2025 along with the industry players’ analysis. We calculated the industry size and revenue share on the basis of revenue generated from major players in the India region. India bicycle industry is forecasted on the basis of bicycle manufacturing and sales.
India Bicycle Industry Outlook 2017-2025, has been prepared based on an in-depth industry analysis from industry experts. The report covers the competitive landscape and current position of major players in the India bicycle industry space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of industry players and their business models. “India Bicycle Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Key Market Players
Our India bicycle industry report comprises of the following companies as the key players:
Scott Sports SA
Cicli Pinarello S.p.A.
Colnago Ernesto & C. S.r.l.
Trek Bicycle Corporation
Cannondale Bicycle Corporation
Piaggio & Co. SpA
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 industry and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send us the sample request.
Key questions answered in this India Bicycle Industry Report
What is the total industry size by 2025 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the key industry trends?
What are the factors which are driving this industry?
What are the major barriers to industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry-level players?
What are the recent developments and business strategy of the key players?
Reasons to buy this industry study
Facilitate decision-making based on strong historic and forecast data for India Bicycle Industry
Develop strategies based on the latest regulatory framework
Position yourself to gain the maximum advantage of the India Bicycle industry’s growth potential
Identify key partners and business development avenues across the globe
Respond to your competitors’ business structure, strategy, and prospects
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