Zion Market Research Global Bicycle Market, 2015–2021 | Page 3

Bicycle Market
Owing to the consumer’s health consciousness and fit lifestyle, the global bicycle market is
anticipated to witness high growth in the near future. The increasing craze of adventurous biking
has boosted the demand for the mountain bikes. Due to population awareness globally, people
are taking initiatives for using bicycles for their day-to-day routine. The key factors driving the
growth of global bicycle market are its environment-friendly utilization, availability at affordable
prices, congested roads, and less parking space. Conversely, rising requirement of vehicles that
are driven by fuel has negatively impacted the growth of the bicycle market.
North America and Europe are expected to witness high growth owing to the setup of public
bicycle rental programs and high demand in these countries. Asia Pacific is anticipated to be the
largest market for bicycle North America and Europe. Germany is the largest market of bicycles
in Europe, whereas, in Asia Pacific, China has the largest market. India and Japan are also
making their effective growth in the market.
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Some of the leading companies dominating the global bicycle market include Atlas Cycles Ltd.,
Accell Group N.V., Bell Sports Corporation, Caloi Inc., Avon Cycles Ltd., Cannondale Bicycle
Corporation, Campagnolo S.r.l, Currie Technologies Inc., Cycleurope AB, Hamilton Industries
Ltd., Giant Bicycle Inc., and Derby Cycle Corporation. Other major players influencing the global
market are Shimano Giant Manufacturing Co. Ltd., BSA, Fuji, La Sovereign, Hercules, Hero
Cycles, Bianchi, Dorel Industries, and Merida Industry Co. Ltd.