Sport
Gear Bicycle Market to Reach $63.46 billion, Globally, by 2032 at 5.9% CAGR: Allied Market Research
(We are providing gear bicycle industry report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Russia-Ukraine War Impact Analysis)
- https://www.alliedmarketresearch.com/request-sample/12621
The global gear bicycle market has experienced significant growth and transformation, driven by surge in outdoor sports, increase in health awareness, low maintenance cost of gear bicycles. A gear bicycle serves as an environmentally friendly means of transportation, offered in a different type, including electric bikes and mountain bikes.
By sales channel, the held the highest market share in 2022, and the highest CAGR of 6.4% is estimated to maintain its leadership status throughout the forecast period 2023 to 2032, due to easy availability of products and the benefits such as information about the attributes of the products, time-saving feature, and the facility of home delivery provided by online platform. However, the is projected to witness a CAGR of 5.4% from 2023 to 2032, as the consumers prefer to analyze and evaluate the product before purchase. Moreover, specialty stores provide high service quality and detailed product specification and expert guidance to the consumers, which boosts the sale of these products.
By application, the held the highest market share in 2022 and is estimated to maintain its leadership status throughout the forecast period with a CAGR of 6.2%, geared bicycle offers a solution for safe and comfortable rides. By adjusting the resistance levels to match the preferred pedaling pace, riders alleviate stress on their muscles and joints, owing to the flexibility provided by the multiple gears. However, the is projected to witness a CAGR of 5.6% from 2023 to 2032, owing to the ongoing trend towards increased competitive events and interest in leisure activities such as running and cycling globally.
: Leading bike companies are hitting the throttle with acquisitions, partnerships, and e-bike launches.
: Their Contino ETB 100 and Voltic 1.7 e-bikes show the growing focus on electrified, terrain-conquering rides.
- https://www.alliedmarketresearch.com/purchase-enquiry/12621
By end user, the accounted for the largest share in 2022 and is estimated to maintain its leadership status throughout the forecast period with a CAGR of 6.1%, owing to rise in adoption of gear bicycles among men for multiple activities such as sporting, adventures, fun rides, and regular travelling through bicycle. However, the is projected to witness a CAGR of 5.7% from 2023 to 2032, due to the growth of women sports championship and multiple bicycle tournaments for instance, Giro Rosa which is an annual elite women's road bicycle tournament.
By region, held the highest market share in terms of revenue in 2022 witnessing a CAGR of 6.2%, as some of the major associations in
Asia-Pacific are the Cycling Federation of
India and the Chinese Association. These associations not only promote sports and events but also influence customers for usage of bicycles. Furthermore, electric bicycles are gaining high traction in the region. All these bicycles are equipped with gears owing to the customers preference. However, the is expected to witness the highest CAGR of 8.3% from 2023 to 2032, owing to the leasing of bikes in LAMEA. Leasing bicycles is not only cost-efficient but also provides health benefits to users. Furthermore, increasing usage of bikes is resolving the issue of traffic congestion.
:
This report provides valuable insights into the gear bicycle market, aiding stakeholders in navigating and strategizing within this dynamic industry.
- https://www.alliedmarketresearch.com/gear-bicycle-market/purchase-options
The report provides a detailed analysis of these key players in the global gear bicycle market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
:
Pedelec HYPERLINK "https://www.alliedmarketresearch.com/pedelec-market" Market Research Report 2023-2032
Electric Bicycle Market Research Report 2023-2032
Water Bicycle Market Research Report 2023-2032
High-End Bicycle Market Research Report 2023-2032
Carbon Bicycle Frame Market Research Report 2023-2032
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of " Market Research Reports " and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington , New Castle ,
Delaware 19801 USA.
USA / Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong : +852-301-84916
India ( Pune ): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
: www.alliedmarketresearch.com
: https://blog.alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gear-bicycle-market-to-reach-63-46-billion-globally-by-2032-at-5-9-cagr-allied-market-research-302040311.html