January 17, 2021

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Bicycles are catching on in India, so much so that now we have more premium brands present and retailing here than ever before. The pandemic acted as a catalyst in pushing the pedals for the segment in the country and as we’ve been told, the mass-premium and premium bike segment has grown more than the mass category. To know more about what the future holds for two-wheeled mobility without engines in India, we got in touch with Sachin Chopra, Co-Founder & CEO, AlphaVector India Pvt Ltd, on the occasion of the company launching KTM Bikes in the country.

Sachin Chopra begins by telling us about what scale of design research goes into the premium bikes. With only a seat six inches long and five inches wide, a bike must be able to adjust to the rider in terms of frame design and geometry, and these are the areas AlphaVector has been focussing on for its products. The company has been present in the Indian market for five years now, retailing mass-premium bikes. Currently, the bicycle industry in India is dominated by the mass-premium bikes at 65 percent, the mass segment takes 30 percent and the premium bike segment takes 5 percent.

AlphaVector offers an omnichannel retail model which includes an online marketplace and dealerships as well for handling after-sales assembly and maintenance. The company offers what it calls 91Cares programme under which it sends a prefessional to the customer’s home for customisation, assembly, and maintenance.

About the growth of the bicycle market, Chopra explains that the overall market stood at $3 billion, including bicycles and spares, in 2019 before the COVID-19 pandemic broke out. The market has now swollen to $4 billion (bicycles and spares), of this $500 million make up the mass bicycles, $2.4 billion are mass-premium, and $100 million are premium bikes (Rs 30,000 and above).

You may also like: Triumph Motorcycles introduces its first e-bike as UK prepares for surge in bicycle use amid COVID

Moving on to how strong the trend on cycling will continue in India, Chopra explains that it takes about six months for a habit to change. We are now in the ninth month of the pandemic and a lot of people have already adopted a healthier lifestyle with the addition of a bicycle to their daily regime. Habits like these are not something people will easily retract from and the bicycle trend will continue in the post-pandemic era as well, especially since bikes are now not just being used for workout or leisure but also for commutes.

Hybrid bikes are catching on more since people are using their bicycles for mobility as well, combining fitness and commutes. Keeping this in mind, AplhaVector recently also launched an electric bicycle under the brand name Meraki, which Chopra says has been very popular with buyers in India and has been attracting attention from international markets as well.

Also read: Trek FX4 Sport Review: Cycling to work isn’t such a

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The number of premium bike brands is on the rise in India and now, KTM Bikes are here. We got in touch with the CEO, AlphaVector to know more about the Austrian premium bikes and the future of cycling in India.

ktm bikes price in india, ktm bicyclesktm bikes price in india, ktm bicycles

Bicycles are catching on in India, so much so that now we have more premium brands present and retailing here than ever before. The pandemic acted as a catalyst in pushing the pedals for the segment in the country and as we’ve been told, the mass-premium and premium bike segment has grown more than the mass category. To know more about what the future holds for two-wheeled mobility without engines in India, we got in touch with Sachin Chopra, Co-Founder & CEO, AlphaVector India Pvt Ltd, on the occasion of the company launching KTM Bikes in the country.

Sachin Chopra begins by telling us about what scale of design research goes into the premium bikes. With only a seat six inches long and five inches wide, a bike must be able to adjust to the rider in terms of frame design and geometry, and these are the areas AlphaVector has been focussing on for its products. The company has been present in the Indian market for five years now, retailing mass-premium bikes. Currently, the bicycle industry in India is dominated by the mass-premium bikes at 65 percent, the mass segment takes 30 percent and the premium bike segment takes 5 percent.

AlphaVector offers an omnichannel retail model which includes an online marketplace and dealerships as well for handling after-sales assembly and maintenance. The company offers what it calls 91Cares programme under which it sends a prefessional to the customer’s home for customisation, assembly, and maintenance.

About the growth of the bicycle market, Chopra explains that the overall market stood at $3 billion, including bicycles and spares, in 2019 before the COVID-19 pandemic broke out. The market has now swollen to $4 billion (bicycles and spares), of this $500 million make up the mass bicycles, $2.4 billion are mass-premium, and $100 million are premium bikes (Rs 30,000 and above).

You may also like: Triumph Motorcycles introduces its first e-bike as UK prepares for surge in bicycle use amid COVID

Moving on to how strong the trend on cycling will continue in India, Chopra explains that it takes about six months for a habit to change. We are now in the ninth month of the pandemic and a lot of people have already adopted a healthier lifestyle with the addition of a bicycle to their daily regime. Habits like these are not something people will easily retract from and the bicycle trend will continue in the post-pandemic era as well, especially since bikes are now not just being used for workout or leisure but also for commutes.

Hybrid bikes are catching on more since people are using their bicycles for mobility as well, combining fitness and commutes. Keeping this in mind, AplhaVector recently also launched an electric bicycle under the brand

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Priced between ₹30,000-10 lakh, the premium segment will expand AlphaVector’s portfolio beyond the recently launched e-bicycle (Meraki).

City-based start-up AlphaVector on Thursday announced partnership with European bicycle maker KTM to launch the latter’s premium bicycle range in the country.

With this partnership, AlphaVector launches and becomes the exclusive distributor of KTM bicycles in the Indian market, the company said in a statement.

Priced between ₹30,000-10 lakh, the premium segment will expand AlphaVector’s portfolio beyond the recently launched e-bicycle (Meraki) and existing mountain, all-terrain, hybrid, fat-tire bikes in the mass-premium segment, it added.

“Cycling in India has seen a paradigm shift and is evolving at a tremendous pace. The premium segment is witnessing traction with people adopting cycling as a lifestyle especially in the metro cities,” said Sachin Chopra, co-founder and CEO of AlphaVector India Pvt Ltd.

“We are excited to bring KTM bicycles to India to cater to this growing demand and not just deliver unmatched quality and performance but also an exceptional buying and ownership experience,” Chopra added.

The tie-up with KTM Bike Industries is in line with the company’s vision to introduce millennials and Gen-Z to an active lifestyle, encouraging them to reclaim the outdoors, AlphaVector said.

“For 56 years, we bleed orange. KTM Bike Industries keep the highest standard of making bikes and never stop exploring. It’s our pleasure to partner with AlphaVector to introduce our prime bike to Indian market,” KTM Bike Industries Managing Directors Johanna Urkauf and Stefan Limbrunner said.

KTM’s high-quality and performance-driven portfolio combined with AlphaVector’s unique omnichannel business model will aim to cater to this growing segment, the statement said, adding that as much as 75% of the demand is expected to come from cities such as Delhi, Mumbai, Bengaluru, Chennai, Pune, Hyderabad.

AlphaVector has a presence across over 350 cities with a strong retail network of over 700 stores.

Founded in 2015, the bicycle maker, which has got investments from Fireside Ventures, Avaana Capital and Titan Capital, had early last month forayed into the e-bicycle segment, rolling out its Meraki Brand in the country.

Source Article

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The MarketWatch News Department was not involved in the creation of this content.

Nov 23, 2020 (CDN Newswire via Comtex) —
Global Automotive Premium Audio Systems Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026 introduced by MarketsandResearch.biz offers exclusive research & analysis on the market that gives analysis on market conditions, trends, inclinations, key players, opportunities, and geographical analysis. The report entails key developments in the global Automotive Premium Audio Systems market that demonstrates extensive information pertaining to detailed coverage, with appropriate references of definition, application, and regional scope. The report attempts to track the evolution of the growth path of the market from 2015 to 2020. It also provides long-term market growth projections for a predefined period of assessment, 2020 to 2026. The market is evaluated mainly on segments namely types and applications which cover all the analytical data for current and future markets.

The Report Provides The Following Information:

Based on a comprehensive analysis of the industry’s key dynamics and segmental performance, the report offers a broad assessment of demand, supply, and manufacturing scenarios. The report delivers well reliable information about every segment of global Automotive Premium Audio Systems market growth, development, production, demand, types, and application of the specific product. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis. This market report offers some presentations and illustrations about the market that comprises pie charts, graphs, and charts.

DOWNLOAD FREE SAMPLE REPORT:https://www.marketsandresearch.biz/sample-request/58290

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The report also tracks the latest market dynamics, such as driving factors, restraining factors, market size (value and volume), market share, growth rate by types, applications, as well as industry news like mergers, acquisitions, and investments. Analysts have studied the data of revenue, production, and manufacturers of each region. Moreover, aspects covered by the report include growth statistics, development history, industry share, market presence, consumption forecast, data sources, and beneficial conclusion. Next, it discusses production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Automotive Premium Audio Systems market.

Key manufacturers are included based on the company profile, sales data and product specifications, etc: HARMAN, Bose, Sony, Pioneer, Clarion, Alpine Electronics, Panasonic, Naim Audio, Denso Ten, Dynaudio, Burmester Audiosysteme,

The market can be segmented into product types: 400-600 Watt, Above 600 Watt

The market can be segmented into applications as: Luxury Cars, Mid-size Passenger Cars

The report offers an entire view of this global Automotive Premium Audio Systems market by substituting it when it comes to application as well as region. Trends examines regional segmentation integrates prospective and present requirement for them from the North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific

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The bicycle tire market is poised to grow by USD 542.7 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201110005739/en/

Technavio has announced its latest market research report titled Global Bicycle Tire Market 2020-2024 (Graphic: Business Wire)

Worried about your business amidst COVID-19? Here is an exclusive report talking about market scenarios, estimates, impact of lockdown, and customer behavior. To get a FREE sample PDF report in your inbox, click here!

The report on the bicycle tire market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for premium bicycles.

The bicycle tire market analysis includes application segment and geography landscape. This study identifies the growing bicycle market due to urbanization and increasing fuel prices as one of the prime reasons driving the bicycle tire market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The bicycle tire market covers the following areas:

Bicycle Tire Market Sizing

Bicycle Tire Market Forecast

Bicycle Tire Market Analysis

Companies Mentioned

  • Alta Cycling Group

  • Cheng Shin Rubber Ind. Co. Ltd.

  • Continental Reifen Deutschland GmbH

  • Donnelly Cycling

  • Hermann Hartje KG

  • Hwa Fong Rubber Ind. Co. Ltd.

  • Michelin Group

  • Rene Herse Cycles

  • The Goodyear Tire & Rubber Co.

  • Trek Bicycle Corp.

     

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by Application

  • Market segments

  • Comparison by Application placement

  • Manual bicycles – Market size and forecast 2019-2024

  • E-bikes – Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • North America – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver – Demand led growth

  • Volume driver – Supply led growth

  • Volume driver – External factors

  • Volume driver – Demand shift in adjacent markets

  • Price driver – Inflation

  • Price driver – Shift from lower to higher-priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Alta Cycling Group

  • Cheng Shin Rubber Ind. Co. Ltd.

  • Continental Reifen Deutschland GmbH

  • Donnelly Cycling

  • Hermann Hartje KG

  • Hwa Fong Rubber Ind. Co. Ltd.

  • Michelin Group

  • Rene Herse Cycles

  • The Goodyear Tire & Rubber Co.

  • Trek Bicycle Corp.

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to

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