Skip to main content

Bicycle Accessories Market to Register High Revenue Growth at 7% CAGR During 2019-2029

Persistence Market Research has published a report on the bicycle accessories market. The report, titled, 'Bicycle Accessories Market: Global Industry Analysis 2014–2018 and Forecast 2019–2029', covers the latest trends, key success factors, key information, market influencing factors, and macroeconomics factors, along with the historical market scenario. PMR has conducted a deep-dive research on the bicycle accessories market.
The bicycle accessories market report estimates that the helmets & bottle cages segments are expected to create significant growth opportunities in the global bicycle accessories market, in terms of both, volume and value, during the forecast period. The value of the global bicycle accessories market was around US$ 13 Bn in 2018. The bicycle accessories market is projected to grow at a substantial CAGR of around 7.0% during the forecast period.
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/23362
Rising Number of e-Bikes and Application of Bicycles in Recreational and Trekking Activities to Push Bicycle Accessories Market Growth
The bicycle accessories market is correlated with bicycle sales. The bicycle market is being driven by the collective use of electric bicycles. Electric bicycles account for a significant share in the developing economies of the world, such as China. Moreover, governments of several countries promote electric bicycles in order to reduce carbon emissions and also traffic congestion.
For instance, in India, the government has taken up many initiatives such as 'Startup India' and 'Make in India', with the objective of boosting the manufacturing sector and also reducing the cost of manufacturing. These factors increase the sales of bicycles, which is estimated to boost the growth of the bicycle accessories market over the forecast period. Furthermore, low labor costs and favorable business conditions in developing countries such as India, China, and Mexico are expected to attract numerous manufacturers to invest in the manufacturing sector. This factor will create opportunities for the augmentation of electric bicycles, and will affirmatively impact on the growth of the bicycle accessories market.
Additionally, in the last few years, the EU has encouraged vendors (of bicycle components) in Taiwan and China to establish plants in Europe, which could provide local employment opportunities and allow firms to supply products to their customers, which would reduce import costs and exchange loss. This factor is expected to increase the sales of bicycles and fuel the growth of the bicycles accessories market.
South Asia & Pacific to Create Significant Growth Opportunities During the Forecast Period
This global bicycle accessories market report analyzes that, East Asia is anticipated to hold a substantial share in the global bicycle accessories market during the forecast period. The increasing use of bicycles in recreational activities and rising demand for electric vehicles are accelerating the growth of the bicycle accessories market.
China is projected to hold a prominent share in the East Asia bicycle accessories market, and drive the growth in this region, all the while growing at a CAGR of almost 8% in terms of value between 2019 and 2029. This bicycle accessories market report studies the concerned markets across different regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa.
PMR has also considered all prominent macroeconomic and forecast factors while calculating the bicycle accessories market size. By product type, the helmets & bottle cages segments are expected to play a vital role in generating market revenue in the bicycle accessories market.
Company Profiles:
  • Accell Group N.V. 
  • Avon Cycles Ltd
  • Campagnolo S.R.L. 
  • Garmin Ltd. 
  • Shimano Inc. 
  • Giant Manufacturing Co., Ltd. 
  • Merida Industry Co Ltd 
  • Samchuly Bicycle Co., Ltd.
  • DT SWISS
  • Endura Ltd.
  • Raj Cycles India Private Limited
  • Eastman Industries Limited is a manufacturer
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/methodology/23362
1. Executive Summary
      1.1. Global Market Outlook
      1.2. Demand Side Trends
      1.3. Supply Side Trends
      1.4. Analysis and Recommendations
2. Market Overview
      2.1. Market Coverage / Taxonomy
      2.2. Market Definition / Scope / Limitations
3. Key Market Trends
      3.1. Key Trends Impacting the Market
4. Key Success Factors
5. Global Bicycle Accessories Market Demand Analysis 2014-2018 and Forecast, 2019-2029
      5.1. Historical Market Volume (‘000 Units) Analysis, 2014-2018
      5.2. Current and Future Market Volume (US$ Mn) Projections, 2019-2029
      5.3. Y-o-Y Growth Trend Analysis
6. Global Bicycle Accessories Market - Pricing Analysis
      6.1. Regional Pricing Analysis By Product Type
      6.2. Global Average Pricing Analysis Benchmark
7. Global Bicycle Accessories Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
      7.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
      7.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
            7.2.1. Y-o-Y Growth Trend Analysis
            7.2.2. Absolute $ Opportunity Analysis
8. Market Background
Know More About Report@ https://www.persistencemarketresearch.com/market-research/bicycle-accessories-market.asp

Labels:

Comments

Post a Comment

Popular posts from this blog

Covaxin vs Covishield: A Comparison between the Covid-19 Vaccines of India

  The second wave of Covid-19 pandemic has reminded people the hard times faced during the coronavirus outbreak in 2020 in India. However, there is still an upper hand in 2021 in the fight against Covid-19, and this can be attributed to the nationwide vaccination drive. It has been clear that getting vaccinated is one of the simple yet effective ways to combat the pandemic. Vaccination helps in producing antibodies and boosts the immune system to fight against any infection. Besides, getting Covid-19 vaccination is known to reduce the severity of the infection and helps in lowering the chances of getting hospitalized due to the severe infection caused due to Covid-19. Covaxin Vs Covishield Currently, the Indian Government has approved two vaccines namely Covaxin and Covishield to fight Covid-19. Many people are wondering which vaccine is better among the two, and here is a quick read to help them answer all their queries. Covaxin Covaxin was given approval for by the Indian
Post a Comment
Read more

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog,  the digital e
2 comments
Read more

2-ethylhexyl Caprate Market to Incur Meteoric Growth During 2018-2026

Introduction: 2-Ethylhexyl Caprate Market 2-ethylhexyl caprate , also known as 2-ethylhexyl decanoate, is an organic chemical compound with the molecular formula C18H32O2. In the manufacturing of 2-ethylhexyl caprate, ethyl reacts with hexyl in the presence of caproic acid as a catalyst to form 2-ethylhexyl caproic acid, which on further treatment with esterification process forms a mixture of 2-ethylhexyl caprate crude. This mixture of 2-ethylhexyl caprate crude is distilled to obtain pure 2-ethylhexyl caprate. 2-ethylhexyl caprate finds several applications in chemical, pharmaceutical and textile industries as a reagent, catalyst and excipient. Along with this, 2-ethylhexyl caprate is used in the manufacturing of elastomers and coatings. On the basis of safety, 2-ethylhexyl caprate is the least harmful in the available caprate group and has low vapor pressure, which can reduce hazards while handling as compared to other caprates, such as ethylhexyl palmitate and oth
Post a Comment
Read more