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Market Research Report

Taiwan Bottle Cages Market Size, Demand, Trends, Share, Industry Analysis, Regional Outlook, Growth Drivers, Opportunity Assessment, & Forecast 2017-2025

Published On : 2018-03-30 Report Page : 210 Category: Manufacturing

Taiwan 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. Taiwan has huge market of bicycles, largely produced and exported from Taiwan. Europe is largest importer of bicycles from Taiwan. The various cycling sports such as Taiwan Cycling Festival that includes multiple cycling events, attracts increased supply of bicycles, equipped with bottle cages. New routes are being constructed in Taiwan that is highly suitable for cyclists. In 2017, 300 km route has been build, and Taiwan is considered as Asia’s leading bicycle city.

Goldstein Research analyst forecast that the Taiwan bottle cages market is expected to grow at a CAGR of 3.1% 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.

Target Audience

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

Covered in This Taiwan 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.

Taiwan 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

On the basis of material, fiber reinforced material (FRM) accounted for the largest market share of 39.2% in 2016 of the total Taiwan bottle cages market. Taiwan has sufficient supply of FRM and its lightweight property keeps the total weight of the bike low, hence bottle cages of FRM have been majorly purchased as compared to other material bottle cages. Aerobar cages market is growing at a fast rate of 4.3% annually, being convenient for the riders 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. Taiwan 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 new manufacturers of bottle cages are coming up from within the country and even the foreign companies, as Taiwan has become the preferred destination economy benefits from regional economic dynamics, high purchasing power population and the presence of high-technology penetration. 

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

Taiwan Bottle Cages Market Analysis

Based on geography, Central Taiwan had the largest share of 63.2% of the total Taiwan bottle cages market in 2016, with the presence of maximum number of the bottle cage manufacturers such as BEV International Corp., Karbona Parts Inc. and others. Central Taiwan is opportunistic market and it is expected that it will continue to grow at a rate of 3.1% annually.   

Key Players

Taiwan bottle cages market report comprises of the following companies as the key players in the bottle cages market: International Corp., Karbona Parts Inc., Shuz Tung Machinery Industrial Co., Ltd., Chern Shianq Enterprise Co., Ltd., Asia Bicycle Trading Company.

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 Taiwan 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 Taiwan 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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Taiwan Bottle Cages Market Size, Demand, Trends, Share, Industry Analysis, Regional Outlook, Growth Drivers, Opportunity Assessment, & Forecast 2017-2025

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