Bicycle Components Market Leading Vendors Dynamic Growth with Market Price Analysis and Value Chain Features By 2023
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  • Bicycle Components Market Leading Vendors Dynamic Growth with Market Price Analysis and Value Chain Features By 2023

     



    (Transportation-News.com, September 21, 2018 ) Industry Outlook and Trend Analysis
    The Bicycle Components Market was worth USD 3.78 billion in the year of 2014 and is expected to reach approximately USD 5.61 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.48% during the forecast period. As bicycles are an eco-friendly method of commutation, their satisfying extra utility as exercise instrument is a major factor for their expanding requirement. The fast advancement of component technology in bicycle mechanism is appealing users to buy the contemporary models of street bicycles, mountain bicycles and city bicycles. Additionally, the rising demand for commuter bicycles having condition-particular segments has gained demand in the current past and is predicted to impact the bike components market development.

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    Application Outlook and Trend Analysis
    On the basis of application, electric bicycles fragment is foreseen to witness a generally higher CAGR when contrasted with different portions amid the conjecture time frame. Enhanced battery life and consolidation of high-devotion battery innovation used as a part of four wheelers have fundamentally improved their execution, which is boosting their request in the market.

    Technology Outlook and Trend Analysis
    On the basis of technology, metal segments are anticipated to remain the predominant fragment of the market throughout the years, though constant fiber composites portion is evaluated to witness the quickest development. This is to a great extent ascribed to the developing interest for lightweight bikes from customers.

    Component Outlook and Trend Analysis
    In terms of component, the frames fragment is foreseen to witness the most astounding development on the basis of value amid the estimate time frame. The fragment is nearly trailed by the rims section.

    Regional Outlook and Trend Analysis
    In terms of regional prospect, the market in Europe is anticipated to be the most advantageous on the basis of revenue, whereas, the market in Asia Pacific is foreseen to encounter the fastest growth, in terms of value during the period of assessment.

    Competitive Insights
    The leading players in the market are Mitsubishi Rayon, Currie Technologies Inc, Sabic Innovative Plastics India pvt Ltd, Cannondale Bicycle Corporation, BASF, Giant Bicycles Inc, Accell, TORAY, Avon Cycles Ltd and Atlas Cycles Inc. Manufacturers are extensively focusing on creating enhanced and lightweight components.
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    The Bicycle Components Market is segmented as follows-

    By Application:
    Road Bike
    City Bike
    Mountain Bike
    Children Bike
    Electric Bike

    By Technology:
    Discontinuous Fiber Composites
    Continuous Fiber Composites
    Metals

    By Component:
    Saddles
    Rims
    Frames
    Other Components

    By Region
    North America
    U.S
    Canada
    Mexico
    Europe
    Germany
    France
    UK
    Italy
    Spain
    Rest of Europe
    Asia-Pacific
    Japan
    China
    Australia
    India
    South Korea
    Rest of Asia Pacific
    Rest of the World
    Brazil
    South Africa
    Saudi Arabia
    United Arab Emirates
    Others

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    Some of the key questions answered by the report are:
    What was the market size in 2014 and forecast from 2015 to 2023?
    What will be the industry market growth from 2015 to 2023?
    What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
    What are the major segments leading the market growth and why?
    Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?


    Qurate Business Intelligence

    Nehal Chinoy

    +919881074592

    nehal@qurateresearch.com

    Source: EmailWire.Com

    Source: EmailWire.com

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