Skip to main content

Bicycle Components Market : Technological Growth Map over Time

 PMR analysis says that, the global bicycle components market is anticipated to expand at a healthy CAGR of over 5.4% during the forecast period of 2020-2030.

This report provides in depth study of “Bicycle Components Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Bicycle Components Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Bicycles are the most economical mode of transportation used in rural as well as urban areas across the globe. They are used by various demographics, and find use in personal as well as professional spaces. Bicycle production is highly dependent on the production of bicycle components, as they form critical elements in bicycle construction. With varied end-user requirements, the bicycle components market has evolved over the years with the introduction of integrated technologies, riding safety, new materials, and advanced features for all types of bicycles. Rising carbon emission concerns have led to increased use of bicycles across regions, which is another factor pushing the growth of the global bicycle components market.

Key Takeaways from Bicycle Components Market Study

  • Growth in population will create significant demand for bicycles, and indirectly surge the need for bicycle components. East Asia is the largest base for consumption as well as production of bicycles.
  • In Europe, government regulations to boost green transportation have led to a spike in the number of people using bicycles for transportation. The bicycle components market in Europe is expected to grow at a healthy CAGR over the forecast period.
  • Gradual inclination of today’s youth toward cycling sports has had a positive impact on the sales of sports bicycles such as mountain bikes and cruiser bikes. Cycling events across the globe attract many sponsors, which has also provided a commercial perspective toward using mountain bikes. The mountain bikes segment dominates the Europe market in terms of volume and value.
  • Developments in component materials have led to improved performance characteristics, advanced mechanical properties, and lightweight construction. However, this has also led to increased costs.
  • Due to restrictions brought about by the COVID-19 pandemic, production of bicycle components has been hit, which will negatively impact market growth in the short term.

For More Info @ https://www.persistencemarketresearch.com/market-research/bicycle-components-market.asp

Market Landscape Continues to Remain Fairly Fragmented

The global bicycle components market is fairly fragmented at global and regional levels. Tier-1 manufacturers account for one-fifth of the market share in the global market. Some of the leading players included in the report are SRAM LLC, Shimano Inc, Giant Manufacturing Co. Ltd, and Dorel Industries Inc. To gain a competitive advantage in this space, market participants are involved in B2B networking with bicycle manufacturers, investments in R&D, promotion at cycling events, partnerships, product innovation, and acquisition activities to achieve market growth.

Comments

Post a Comment

Popular posts from this blog

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...
1 comment
Read more

Automotive Battery Management System Market : Technological Growth Map over Time

  Automotive Battery Management System Market is estimated to reach US$ 15.3 Bn by the end of 2029 In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. According to a new research report published by Future Market Insights (FMI), the  automotive battery management system market  is estimated to reach US$ 15.31 Bn by the end of 2029.  “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” Key Takeaways of Automotive Battery Management Sys...
Post a Comment
Read more

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more