Bicycle Market Segmentation:
Technology Segment Analysis
The electric segment is anticipated to garner largest revenue by the end of 2035, backed by growing replacement of mopeds & motorcycles along with surge in the use of e-bikes worldwide. Moreover, there have been stringent government regulations in relation to the reduction of emissions of carbon dioxide, boosting the segment growth. For instance, the sale of e-bikes is expected to reach 2 lakh units in the FY 2022-23 in India. Also, it was observed that, electric bike (e-bike) can travel up to 45km/h (28mph) potentially replacing fossil-fuel-powered motorcycles and mopeds.
Distribution Channel Segment Analysis
The in-store segment is projected to garner majority of market share by 2035. This can be due to ease of physically experiencing and scrutinizing the product before purchasing it, and that accounts for a substantial portion of the market share held by the in-store segment. This is particularly true for developing countries such as India, where a lot of people still use bicycles as a primary means of transportation.
Traditional brick-and-mortar merchants such as sporting goods stores and bike shops are included in the in-store segment. Moreover, e-commerce portals and direct selling are included in the online sector. As more people use the internet for purchasing and the ease of online sales and home delivery, the online market is also expanding quickly. "
Our in-depth analysis of the global bicycle market includes the following segments:
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By Product Type |
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By Technology |
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By Distribution Channel |
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By End-User |
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