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Market Research Report

India Bicycle Industry Analysis Report 2017-2030: Market Segmentation By Product Type, By Pricing Model, By Distribution Channel, By Business Model & COVID-19 impact with Forecast 2017-2030

Published Date :

2020-09-01

Report Pages :

785

Format :

PdF/PPT/XLS/Hard Copy

Region Covered :

India

India Bicycle Industry Outlook 2017-2030

Industry Overview

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 Market Intelligence analyst forecast that the India bicycle industry is set to grow at a CAGR of 8.6% over the forecast period of 2017-2030.

Market Segmentation

By Product Type

  • On-Road (Endurance, Fitness, City, etc.)
  • X-Road (Adventure, Cyclocross, etc.)
  • Off-Road (Race, Trail, Gravity, etc.)
  • E-Bicycles

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 2017-2030.

By Pricing Model

  • Low-Cost Products
  • 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 2017-2030 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 2017-2030, 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.

COVID-19 imapct on "India Bicycle Industry"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "India Bicycle Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our India bicycle industry report comprises of the following companies as the key players:

  •  Giant
  •  Bianchi
  •  Scott Sports SA
  •  Cicli Pinarello S.p.A.
  •  Colnago Ernesto & C. S.r.l.
  •  Schwinn
  •  Trek Bicycle Corporation
  •  Cannondale Bicycle Corporation
  •  GT Bike
  •  Piaggio & Co. SpA
  •  Atala spa
  •  Accell Group
  •  canyon bicycles
  •  Atlas
  •  Hero Cycles
  •  Firefox Cycles
  •  Avon Cycles
  •  TI Cycles
  •  Starkenn Sports

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

  • What is the total industry size by 2030 and what would be the expected growth rate of the industry?
  • What is the total revenue per segment and region in 2017-18 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



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India Bicycle Industry Analysis Report 2017-2030: Market Segmentation By Product Type, By Pricing Model, By Distribution Channel, By Business Model & COVID-19 impact with Forecast 2017-2030

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