December 1, 2020

20202024Industry

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the high-end bicycle market and it is poised to grow by USD 4.20 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the high-end bicycle market. The market growth in 2020 is likely to Increase compared to the market growth in 2019.

Frequently Asked Questions:

  • What are the major trends in the market?

    Smart features in high-end bikes is a major trend driving the growth of the market
  • At what rate is the market projected to grow?

    The market will accelerate at a CAGR of almost 5% and the incremental growth of the market is anticipated to be $ 4.20 bn
  • Who are the top players in the market?

    Accell Group NV, Beistegui Hermanos SA, Derby Cycle Holding GmbH, Dorel Industries Inc., F.I.V.E. Bianchi Spa, Giant Manufacturing Co. Ltd., Klever Mobility GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp, are some of the major market participants.
  • What is the key market driver?

    The rapid growth of e-commerce is one of the major factors driving the market
  • How big is the North America market?

    The North America region will contribute 32% of the market share

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accell Group NV, Beistegui Hermanos SA, Derby Cycle Holding GmbH, Dorel Industries Inc., F.I.V.E. Bianchi Spa, Giant Manufacturing Co. Ltd., Klever Mobility GmbH, Merida Industry Co. Ltd., Specialized Bicycle Components Inc., and Trek Bicycle Corp. are some of the major market participants. The rapid growth of e-commerce will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this high-end bicycle market

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