Call for Health, Wellness, and Traffic Control to drive the Bicycles and Components Market
Bicycles do offer several mental and physical advantages. Cycling, these days, is looked upon as a proper aerobic activity that does help in protection against various diseases like hypertension, stress, heart attack, obesity, certain types of cancers, diabetes, depression, and arthritis. Traffic congestion and pollution are the other reasons to switch over to cycling.
Public bicycle renting programs are also on the rise. Around 600 cities worldwide are into bike-share programs.
At the same time, the fact that composite materials (the ones used for making lightweight bikes) are costly can’t be ignored. They are bound to hinder the bicycle and components market going forward. Persistence Market Research has walked through these facts with future stances in its latest market study entitled “Bicycles and Components Market”.
How is the Bicycles and Components Market categorized?
The global bicycles and components market, by product, spans bicycles (mountain, road, hybrid, youth, comfort, cruiser, and electric) and component (saddle, pedal, rim, frame, and brake). Persistence Market Research has entailed these facts with future perspectives in its latest market study entitled “Bicycles and Components Market”.
Region-wise Analysis
North America and Europe are ruling the bicycles and components market. This could be credited to various cycling tournaments being conducted in these regions. The Asia-Pacific is expected to grow at the highest rate in the bicycles and components market due to growing awareness amongst the people regarding “staying fit”. LATAM will also be seen in the picture going forward. Persistence Market Research has, with its line of expertise in the form of analysts and consultants, moved through these findings and suggested the future courses of action in its latest market study entitled “Bicycles and Components Market”.
Competitive Landscape
Persistence Market Research has profiled the key players in the bicycle and components market as Shimano, Inc., VELO, Brooks England Srl, Specialized Bicycle Components, Inc., Speedplay Inc., Accell Group N.V., Samchuly Bicycle co., Ltd., Strider Sports International, Inc., Neco Technology Industry Co. Ltd., LOOK, Crankbrothers, Endura Ltd., Raj Cycles India Pvt. Ltd., Eastman Industries Ltd., SIDI, and DT Swiss AG.
Persistence Market Research has also listed the key developments on this count. For instance – Dorel Industries, Inc., in January 2019, did acquire UK-based Hot Wheels and Circle Bikes. Trek Bikes, in March 2018, did come up with 34 models of bicycles exclusively for the Indian market. The categories enclose mountain and hybrid in super-premium and premium segments.
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