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Market Research Report

US Bicycle Industry Report 2017-2025: Market Revenue, Export/ Import, Key Players, Demand Analysis, Growth Drivers, Statistics & Facts

Published On : 2018-09-28 Report Page : 210 Category: Automotive

United States Bicycle Market 

Industry Overview

Bicycle Industry is continuously growing since decades when it was major means of personal transportation. With the advancement of technology, trend of bicycle was reduced in United States for past couple of decades, but its popularity is growing again on account of the health consciousness and environmental concerns to reduce CO2 emissions. The rising urbanization, congestion and sustainability are majorly driving the rising demand for bicycles all over United States. United States has huge bicycle market with around 134 million cyclists in 2017, but bicycles supplied are largely through imports, majorly from China and Taiwan. U.S. though inhibits top bicycle manufacturers such as Trek Bicycle Corporation, Specialized Bicycle Components, Inc. and GT Bicycles who have large global presence. Further, the trend of e-bikes has huge growth opportunity in the U.S. as majority of population has never ride an e-bike. Moreover the increased import price of e-bikes is expected to decline over the forecast period on the back of rising sales in the region. With the rising awareness of benefits from riding bicycles and government initiatives to promote bicycles is further increasing the number of cyclists in the region. Bicycles price range from low to very high price; the medium to high priced bicycles have major market share of 39.7% in 2017, which is largely catered by the online distribution channel such as Amazon. Goldstein Research analyst forecast that the size of bicycle industry in US is set to reach USD 9.88 billion by 2024, growing at a CAGR of 5.70% over the forecast period (2017-2025).

United States Bicycle 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 62.8% in 2016 owing to the rising sales of bicycle for fitness and mountaineering. Over the forecast period, e-bikes are expected to take over the market share, growing at a CAGR of 7.14% during 2017-2025.

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 United States 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 United States region. United States bicycle industry is forecasted on the basis of bicycle manufacturing and sales.

US 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 United States 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. It also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our report on US bicycle industry comprises of the following companies as the key players: Giant, Trek Bicycle Corporation, Scott Sports SA, Specialized Bicycle Components, Inc., Bianchi, Cicli Pinarello S.p.A., Colnago Ernesto & C. S.r.l., Cannondale Bicycle Corporation, GT Bike, Merida Bicycle, Santa Cruz Bicycles, Schwinn, Piaggio & Co. SpA, Atala spa, Accell Group, canyon bicycles, etc.

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.

Click here for US bicycle market research report sample to get a detailed overview.

Key questions answered in this analysis of Bicycle Market in US

  • What is the total industry size by 2025 and what would be the expected growth rate of 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 bicycle market share by brand in United States?
  • 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?
  • What are bicycle industry statstics 2016 and 2017?
  • What impact changing consumer behaviour can bring to the market?  

Reasons to buy this study

  • Facilitate decision-making based on strong historic and forecast data for US Bicycle Industry
  • Develop strategies based on the latest regulatory framework and changing consumer behaviour
  • Position yourself to gain the maximum advantage of the United States Bicycle industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

US Bicycle Industry Report 2017-2025: Market Revenue, Export/ Import, Key Players, Demand Analysis, Growth Drivers, Statistics & Facts

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