Bicycle Apparels & Accessories Market Share Future Scope, Demand, Growth Analysis and Key Features By 2030

Yorumlar · 624 Görüntülenmeler

According to Market Research Future, the market will gain a  CAGR of 5.05%  and reach a value of  USD 9.529.1 Million  by 2030.

Bicycle Apparels Accessories Market-Overview:

Increased engagement in outdoor activities and increased knowledge of the benefits of these activities on a child's health have driven the global cycling apparels and accessories market in recent years. According to Market Research Future, the market will gain a  CAGR of 5.05%  and reach a value of  USD 9.529.1 Million  by 2030.

The global  Bicycle Apparels Accessories Market Share  grew due to increased participation in outdoor activities and an increase in the number of triathletes. Despite the growing popularity of outdoor activities among the public, the pandemic has had a negative impact on the participation of persons with stay-at-home orders in outdoor activities around the world.

Bicycle Apparels Accessories Market Segmentation:

The segmental study of the bicycle apparels accessories market is carried out based on type, category, distribution channel, and region.

The bicycle apparels accessories market  Type  segment consists of helmets, pants shorts, shoes, jerseys tees, gloves, goggles glasses, protection gears, and socks.

The  Region  segment of the bicycle apparels accessories market consists of Asia-Pacific, South America, North America, Europe, and the Middle East Africa.

The bicycle apparels accessories market  Category  segment consists of road bikes, mountain bikes, and city bikes.

The  Distribution Channel  segment of the bicycle apparels accessories market consists of store-based, which includes supermarkets hypermarkets, specialty stores, and non-store-based.

Regional Analysis:

The regional overview of the Bicycles International apparels accessories market includes Asia-Pacific, South America, North America, Europe, and the Middle East Africa. One of the most significant growth factors of the regional market is the expanding product portfolio of leading manufacturers, which includes innovation in colors, materials, and designs of various product kinds. Technology advancements, such as the usage of LEDs and airbags in helmets, are projected to impact the region's overall bicycle apparel and accessories industry. In 2019, the European cycling apparel and accessories market held the largest share of the global market. In 2019, Germany, the United Kingdom, France, and Italy dominated the market, with Italy predicted to be the fastest-growing country-level market during the forecast period. every year,

Competitive Analysis:

Corporations need to think about automating low-value, time-consuming manual processes. The major concerns for businesses are future market access for competitors and the peer group's deep funds for acquiring market share. The company transformation's purpose was to maximize potential throughout the value chain. Despite their importance, companies' risk monitoring and mitigation strategies fall short of their board of directors' expectations. Organizations can benefit greatly from successful data, technology, and analytics integration. To develop a solid reporting and monitoring strategy, a combination of internal staff and external advisors must be used to integrate company knowledge with information about best practices. For executives improving customer experience is a top strategic priority, but rising expectations, fast-changing technologies, and market upheaval make it challenging to achieve. During this crisis, connectivity has been the most important enabler of social involvement. All stakeholders must work together to build the digital infrastructure to support new forms of remote working and advance the digital way of life.

The renowned companies in the  Bicycle Frame Manufacturers  are Giant Bicycles, Inc (TaiwanTrek Bicycle Corporation (US), Rapha Racing Limited (UK), POC Sports (Sweden), PEARL iZUMi (US), Manifattura Valcismon SPA (Italy), ASSOS of Switzerland) GmbH (Switzerland), Fox Head Inc (US), Adidas AG (Germany), 100% Speedlab, LLC (US), Specialized Bicycle Components, Inc. (US), Black Sheep Cycling (Australia), Velocio. (US), Pas Normal Studios (Denmark) and Vaude (Germany).

Recent Developments:

Few developments occurred in recent times, influencing the market growth of bicycle apparels accessories are listed below:

In February 2021 , POC Sports introduced the world's first self-powered helmet, "Omne Eternal," which integrates Powerfoyle, an innovative light-harvesting material, which can convert any light source—indoor or outdoor—into electrical power.

In March 2021 , Speedlab introduced New Rideley and New Fade Colors of Spring 2021, including SP21 Active Performance sunglasses under the Ridely brand.

In March 2021 , Adidas AG partnered with Peloton Interactive, Inc.,a US-based exercise equipment company, to launch a range of off-bike clothing, such as hoodies, sweatshirts, and joggers, in a range of sizes, including plus sizes .

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets, and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take based on the same.

Our fast-emerging market research firm is armed with an adept research analysts' team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact Us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email:  sales@marketresearchfuture.com

Yorumlar