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2019-06-18
150
PdF/PPT/XLS/Hard Copy
India
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 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
By Distribution Channel
By Business Model
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.
Our India bicycle industry report comprises of the following companies as the key players:
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.
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Key questions answered in this India Bicycle Industry Report
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