Sports Bicycle Market Size to Grow by USD 5.22 Bn, Development of Innovative Products to be a Key Trend - Technavio

This report segments the sports bicycle market by product (mountain bicycles, cyclo-cross bicycles, road racing bicycle, and track bicycle) and geography (North America, Europe, APAC, Middle East and Africa, and South America)

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- One of the key trends in the sports bicycle market is the development of innovative products. Technological innovations will result in significant market growth. Various vendors are launching innovative and technologically advanced sports bicycles and accessories. Many manufacturers are integrating bicycles with GPS tracking devices. Body armor products such as hard knee pads, elbow pads, and shin guards help bicycle riders with light and easy riding. Many vendors are working on tackling tackle issues related to lack of sufficient traction while riding sports bicycles. For instance, in June 2021, SCOTT Sports SA launched twinloc suspension system, which works by connecting the fork, shock, and frame. It provides traction control and lockout from the motion of tires. Such factors are expected to fuel the growth of the market during the forecast period.

The sports bicycle market size is expected to grow by USD 5.22 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 6.19% during the forecast period, according to Technavio.

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Sports Bicycle Market: Market Segmentation

By product, the mountain bicycles segment will be the largest contributor to market growth during the forecast period. Owing to the rising disposable income levels, people are spending more on leisure and recreational activities. These factors are increasing the demand for these bicycles, which, in turn, will drive the growth of the market during the forecast period.

North America will witness maximum growth in the market during the forecast period. 33% of the market's growth will originate from this region. The growth of the market in North America can be attributed to factors such as the rising interest in recreational sports activities such as road racing and mountain biking.

Sports Bicycle Market: Major Growth Drivers

The increasing fuel prices are a key driver in the market. In recent years, the prices of fuel have fluctuated significantly. The rise in fuel prices increases the demand for sports bicycles. These bicycles are equipped with advanced gear, which helps manage speeds and enhances the riding experience on mountain trails, overpasses, and rough roads. In regions such as Europe, many people prefer to use bicycles to commute to work. Governments of many countries have constructed bike-friendly streets. Such factors are expected to contribute to the growth of the global sports bicycle market during the forecast period.

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Sports Bicycle Market: Key Vendor Offerings 

• Accell Group NV - The company offers sports bicycles such as Winora, Haibike, Ghost, Batavus, Lapierre, Koga, Raleigh, Sparta, Babboe, and Carqon.
• Advanced Sports Inc. - The company offers sports bicycles such as mountain bikes, including RT100 SRAMeTAP.
• Dorel Industries Inc. - The company offers Sports Bicycle named Super short S35408M10SMPC, which is lightweight and has mechanical brakes and metallic pedals.
• Giant Manufacturing Co. Ltd. - The company offers sports bicycles such as advanced anthem pro motorbikes, TCR advanced bikes, and Roam disc bikes.
• Hero Cycles Ltd. - The company offers sports bicycles such as city bikes in various colors.

Sports Bicycle Market: Reasons to Buy Our Report

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will help the sports bicycle market grow during the next five years
• Estimation of the sports bicycle market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the sports bicycle market across North America, Europe, APAC, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will impede the growth of the sports bicycle market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Mountain bicycles - Market size and forecast 2021-2026
• Exhibit 28: Chart on Mountain bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Mountain bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Mountain bicycles - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Mountain bicycles - Year-over-year growth 2021-2026 (%)

• 5.4 Cyclo-cross bicycles - Market size and forecast 2021-2026
• Exhibit 32: Chart on Cyclo-cross bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Cyclo-cross bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Cyclo-cross bicycles - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Cyclo-cross bicycles - Year-over-year growth 2021-2026 (%)

• 5.5 Road racing bicycles - Market size and forecast 2021-2026
• Exhibit 36: Chart on Road racing bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Road racing bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Road racing bicycles - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Road racing bicycles - Year-over-year growth 2021-2026 (%)

• 5.6 Track bicycles - Market size and forecast 2021-2026
• Exhibit 40: Chart on Track bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Track bicycles - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Track bicycles - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Track bicycles - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Product 
• Exhibit 44: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Italy - Market size and forecast 2021-2026
• Exhibit 82: Chart on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026
• Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 South Korea - Market size and forecast 2021-2026
• Exhibit 90: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Accell Group NV 
• Exhibit 101: Accell Group NV - Overview
• Exhibit 102: Accell Group NV - Business segments
• Exhibit 103: Accell Group NV - Key offerings
• Exhibit 104: Accell Group NV - Segment focus

• 10.4 Advanced Sports Inc. 
• Exhibit 105: Advanced Sports Inc. - Overview
• Exhibit 106: Advanced Sports Inc. - Product / Service
• Exhibit 107: Advanced Sports Inc. - Key offerings

• 10.5 Dorel Industries Inc. 
• Exhibit 108: Dorel Industries Inc. - Overview
• Exhibit 109: Dorel Industries Inc. - Business segments
• Exhibit 110: Dorel Industries Inc. - Key offerings
• Exhibit 111: Dorel Industries Inc. - Segment focus

• 10.6 Giant Manufacturing Co. Ltd. 
• Exhibit 112: Giant Manufacturing Co. Ltd. - Overview
• Exhibit 113: Giant Manufacturing Co. Ltd. - Product / Service
• Exhibit 114: Giant Manufacturing Co. Ltd. - Key offerings

• 10.7 Hero Cycles Ltd. 
• Exhibit 115: Hero Cycles Ltd. - Overview
• Exhibit 116: Hero Cycles Ltd. - Product / Service
• Exhibit 117: Hero Cycles Ltd. - Key offerings

• 10.8 Jamis Bikes 
• Exhibit 118: Jamis Bikes - Overview
• Exhibit 119: Jamis Bikes - Product / Service
• Exhibit 120: Jamis Bikes - Key offerings

• 10.9 Kona Bicycle Co. 
• Exhibit 121: Kona Bicycle Co. - Overview
• Exhibit 122: Kona Bicycle Co. - Product / Service
• Exhibit 123: Kona Bicycle Co. - Key offerings

• 10.10 R.C. Jenson, Inc. 
• Exhibit 124: R.C. Jenson, Inc. - Overview
• Exhibit 125: R.C. Jenson, Inc. - Product / Service
• Exhibit 126: R.C. Jenson, Inc. - Key offerings

• 10.11 SCOTT Sports SA 
• Exhibit 127: SCOTT Sports SA - Overview
• Exhibit 128: SCOTT Sports SA - Product / Service
• Exhibit 129: SCOTT Sports SA - Key offerings

• 10.12 Tianjin Fuji-ta Group Co. Ltd. 
• Exhibit 130: Tianjin Fuji-ta Group Co. Ltd. - Overview
• Exhibit 131: Tianjin Fuji-ta Group Co. Ltd. - Product / Service
• Exhibit 132: Tianjin Fuji-ta Group Co. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 133: Inclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 134: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 135: Research methodology
• Exhibit 136: Validation techniques employed for market sizing
• Exhibit 137: Information sources

• 11.5 List of abbreviations 
• Exhibit 138: List of abbreviations

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