Techno World Bicycle-And-Components-Market | Page 2

Among materials, continuous fiber composite segment accounted for the largest market share in
2016 and is estimated to retain its dominance over the forecast period. Properties of these
materials such as high-stiffness, high-strength, and lightweight are they key features that boost
their adoption in clean energy manufacturing with high potential to produce an energy-efficient
transportation mode.
Among Components, frames segment held the largest market share in 2016 and is projected to
grow at a considerable CAGR during the forecast period. Increasing demand for carbon frames
and their declining prices is the major factor driving growth for the bicycle frame market.
Key Takeaways of the Market:
According to Coherent Market Insights’ analysis, North America region is the largest consumer for
bicycles and it is expected to witness moderate growth in market over the forecast years, owing
to presence of more than 2,000 companies in the region that are involved in manufacturing and
sales of cycling products. Such wide variety of choices, inclination of individuals to healthy living,
and government initiatives is expected to further encourage the adoption of bicycle as a way of
intra-city transport.
Electric bicycle also known as e-bike, booster bike or powerbike is a type of bicycle that has
electric motor being used for propulsion. E-bikes are useful in cardiac rehabilitation programs and
have an impressive effect on a heart patient by offering safer and efficient ride as compared to
stationary bike. Furthermore, e-bikes are zero-emission vehicles and cause no harm to the
surrounding
environment.
Request PDF Brochure for Sample Purpose @
https://www.coherentmarketinsights.com/insight/request-pdf/1449
According to Coherent Market Insights’ research, China is one of the leading country in the e-bike
as well as in public bike share in Asia Pacific region. Other factors contributing to the growth of
bicycle in Asia Pacific region include rising population, increasing demand for cheap internal
transportation systems, fuel efficient substitutes for vehicles, and growing trend of bikeshare &
e-bike. Some of the major players operating in the global bicycle & components market include
Atlas Cycles Ltd, Accell Group N.V., Caloi Inc., Avon Cycles Ltd., Cannondale Bicycle Corporation,
Campagnolo S.r.l., Giant Bicycle Inc., Cycleurope AB, Hamilton Industries Ltd., and Derby Cycle
Corporation.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-
ready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights