Lucintelís Analysis of Global Bicycle Industry: Government Initiatives and Growing Fitness Consciousness to Drive Industry Growth During 2013-18
Irving, TX, March 29, 2014 --(PR.com
)-- The global bicycle industry is expected to witness moderate growth over the next five years and reach an estimated $64.1 billion by 2018. Growing fitness consciousness among people, rising energy prices, growing congestion due to increasing population and the number of cars on roads is expected to drive the bicycle industry over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global bicycle industry and presents its findings in “Global Bicycle Industry 2013-2018:Trends, Profit, and Forecast Analysis.” The industry is highly fragmented with top player capturing approximately 4% of the industry share. Competitive rivalry in the industry is high. Domestic manufacturers face huge competition from Chinese low-cost bicycles.
The bicycle manufacturing industry comprises companies primarily engaged in manufacturing all kinds of bicycles, including electric bicycles, parts, and accessories. Shimano, Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Accell Group, and Dorel Industries are the major players in this industry.
The growth of cycling as a leisure activity and due to growing environmental concerns by consumers, bicycles are emerging as an alternative for shorter distance transportation that causes no pollution. The industry, however, faces some challenges such as rising raw material costs and the increasing demand and popularity of motor bikes. Government initiatives to promote cycling in order to reduce carbon emissions and noise pollution are a strong growth driver. In addition, bicycles’ energy efficiency, coupled with cycling as a fitness activity, will help propel demand during the forecast period.
This study provides an overview of the global bicycle industry and tracks industry performance in four regions. The report studies manufacturers serving this segment, providing a five-year annual trend analysis that highlights market size, profit, and cost structure for North America, Europe, Asia Pacific, and the Rest of World regions. The report also provides a forecast, addressing market opportunities for five years for each region. This report represents industry size from the consumption aspect. More than 80% of the industry sales are generated by private players.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.
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