Market Overview:
The global premium road bikes market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for premium road bikes from amateur as well as professional cyclists. Additionally, the rising disposable income of consumers in developing countries is also propelling the growth of this market. Based on type, the global premium road bikes market has been segmented into 1001-2000 USD bikes, 2001-3000 USD bikes, 3001-4000 USD bikes, 4001-5000 USD Bikes and 5001-10000USD Bikes. Among these segments, 5001 - 10000USD Bikes is projected to witness highest CAGR during the forecast period owing to increasing demand for high end bicycles from professional cyclists across the globe. On basis of application, amateur cycling segment dominates this market and is anticipated to maintain its dominance throughout 2030 followed by perfessional cycling segment.
Product Definition:
A premium road bike is a type of bicycle that is designed for use on paved roads. These bicycles are typically lighter and more aerodynamic than other types of bicycles, which makes them ideal for racing or long-distance riding. Premium road bikes often cost more than other types of bicycles, but the added expense can be worth it for those who want the best performance possible.
1001-2000 USD Bikes:
1001-2000 USD bikes are high-end road bikes that cost between 1001 and 2000 dollars. They are gaining popularity among the rich class people who prefer to buy expensive cycles as a status symbol. The demand for these cycles is increasing due to their ability to provide a smooth and effortless riding experience along with better comfort, speed, handling ability and safety features than other cheaper cycles available in the market.
2001-3000 USD Bikes:
The 2001-3000 USD bikes are used by the people who can afford to buy a good bike and use it for daily transportation. The demand for this segment is increasing day by day as more and more middle class population is entering the market. This increase in demand has increased sales of premium road bikes, which were earlier considered expensive.
Application Insights:
The professional bikes segment dominated the global premium road bike market, accounting for a revenue share of over 40.0% in 2017. The growth can be attributed to the increasing demand from various professionals including racing cyclists and track riders for high performance and luxury road bikes with lightweight frames. Rising popularity of cycling as a competitive sport is also expected to have a positive impact on segment growth over the forecast period.
Amateur riders are likely to witness moderate growth in their preference for sports bicycles equipped with basic features such as 26 inch wheels, Shimano Tourney components and saddle bags among others at an affordable price range compared to pro category bicycles which offer more features at higher prices owing to increased competition among manufacturers for providing better quality products within limited budgets allocated by consumers¢â‚¬â„¢ clubs or organizations.
Regional Analysis:
North America dominated the global premium road bike market in 2017. The growth of this region can be attributed to increasing product launches and innovations by companies. For instance, in 2015, Specialized launched its flagship store in Los Angeles to showcase its performance-oriented bicycles. In 2016, it launched an online store called specsavers to cater to a broader audience. Similarly, Cannondale introduced a new line of high-end bicycles for professionals under the brand name ‘Carbon Revolution’ which costs around 3600 USD including accessories like saddle bags and mudguards etc.
Growth Factors:
- Increasing disposable income of people, especially in the developing countries is driving the demand for premium road bikes.
- Rising popularity of cycling as a mode of transportation is also propelling the growth of this market.
- Growing awareness about health and fitness benefits associated with cycling is fueling the demand for premium road bikes worldwide.
- Technological advancements in bike design and manufacturing are resulting in better quality products that are attracting more consumers to this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Road Bikes Market Research Report
By Type
1001-2000 USD Bikes, 2001-3000 USD Bikes, 3001-4000 USD Bikes, 4001-5000 USD Bikes, 5001-10000 USD Bikes, > 10000 USD Bikes
By Application
Amateur Bikes, Perfessional Bikes
By Companies
Canyon, Pinarello, Colnago, Firefox Bikes, Raleigh, Focus Bikes, Felt Bicycles, Specialized Bicycle, Trek Bikes, Eddy Merckx Bikes, Canyon, Giant, GT Bicycles, Salsa Cycles, Cannondale, Cervelo, Bianchi, Surly Bikes, Hero Cycles, Merida, Fuji Bikes, Accell Group, Diamondback Bicycles, Kona, Scott, Soma
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Premium Road Bikes Market Report Segments:
The global Premium Road Bikes market is segmented on the basis of:
Types
1001-2000 USD Bikes, 2001-3000 USD Bikes, 3001-4000 USD Bikes, 4001-5000 USD Bikes, 5001-10000 USD Bikes, > 10000 USD Bikes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Amateur Bikes, Perfessional Bikes
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Canyon
- Pinarello
- Colnago
- Firefox Bikes
- Raleigh
- Focus Bikes
- Felt Bicycles
- Specialized Bicycle
- Trek Bikes
- Eddy Merckx Bikes
- Canyon
- Giant
- GT Bicycles
- Salsa Cycles
- Cannondale
- Cervelo
- Bianchi
- Surly Bikes
- Hero Cycles
- Merida
- Fuji Bikes
- Accell Group
- Diamondback Bicycles
- Kona
- Scott
- Soma
Highlights of The Premium Road Bikes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1001-2000 USD Bikes
- 2001-3000 USD Bikes
- 3001-4000 USD Bikes
- 4001-5000 USD Bikes
- 5001-10000 USD Bikes
- > 10000 USD Bikes
- By Application:
- Amateur Bikes
- Perfessional Bikes
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Premium Road Bikes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Premium road bikes are those that have been designed with the enthusiast cyclist in mind. They typically feature a higher quality frame, components and overall build than what you would find on a standard bike. They can also be more expensive, but this is often because they come with features that make them stand out from the crowd.
Some of the major companies in the premium road bikes market are Canyon, Pinarello, Colnago, Firefox Bikes, Raleigh, Focus Bikes, Felt Bicycles, Specialized Bicycle, Trek Bikes, Eddy Merckx Bikes, Canyon, Giant, GT Bicycles, Salsa Cycles, Cannondale, Cervelo, Bianchi, Surly Bikes, Hero Cycles, Merida, Fuji Bikes, Accell Group, Diamondback Bicycles, Kona, Scott, Soma.
The premium road bikes market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Premium Road Bikes Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Premium Road Bikes Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Premium Road Bikes Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Premium Road Bikes Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Premium Road Bikes Market Size & Forecast, 2018-2028 4.5.1 Premium Road Bikes Market Size and Y-o-Y Growth 4.5.2 Premium Road Bikes Market Absolute $ Opportunity
Chapter 5 Global Premium Road Bikes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Premium Road Bikes Market Size Forecast by Type
5.2.1 1001-2000 USD Bikes
5.2.2 2001-3000 USD Bikes
5.2.3 3001-4000 USD Bikes
5.2.4 4001-5000 USD Bikes
5.2.5 5001-10000 USD Bikes
5.2.6 > 10000 USD Bikes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Premium Road Bikes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Premium Road Bikes Market Size Forecast by Applications
6.2.1 Amateur Bikes
6.2.2 Perfessional Bikes
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Premium Road Bikes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Premium Road Bikes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Premium Road Bikes Analysis and Forecast
9.1 Introduction
9.2 North America Premium Road Bikes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Premium Road Bikes Market Size Forecast by Type
9.6.1 1001-2000 USD Bikes
9.6.2 2001-3000 USD Bikes
9.6.3 3001-4000 USD Bikes
9.6.4 4001-5000 USD Bikes
9.6.5 5001-10000 USD Bikes
9.6.6 > 10000 USD Bikes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Premium Road Bikes Market Size Forecast by Applications
9.10.1 Amateur Bikes
9.10.2 Perfessional Bikes
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Premium Road Bikes Analysis and Forecast
10.1 Introduction
10.2 Europe Premium Road Bikes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Premium Road Bikes Market Size Forecast by Type
10.6.1 1001-2000 USD Bikes
10.6.2 2001-3000 USD Bikes
10.6.3 3001-4000 USD Bikes
10.6.4 4001-5000 USD Bikes
10.6.5 5001-10000 USD Bikes
10.6.6 > 10000 USD Bikes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Premium Road Bikes Market Size Forecast by Applications
10.10.1 Amateur Bikes
10.10.2 Perfessional Bikes
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Premium Road Bikes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Premium Road Bikes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Premium Road Bikes Market Size Forecast by Type
11.6.1 1001-2000 USD Bikes
11.6.2 2001-3000 USD Bikes
11.6.3 3001-4000 USD Bikes
11.6.4 4001-5000 USD Bikes
11.6.5 5001-10000 USD Bikes
11.6.6 > 10000 USD Bikes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Premium Road Bikes Market Size Forecast by Applications
11.10.1 Amateur Bikes
11.10.2 Perfessional Bikes
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Premium Road Bikes Analysis and Forecast
12.1 Introduction
12.2 Latin America Premium Road Bikes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Premium Road Bikes Market Size Forecast by Type
12.6.1 1001-2000 USD Bikes
12.6.2 2001-3000 USD Bikes
12.6.3 3001-4000 USD Bikes
12.6.4 4001-5000 USD Bikes
12.6.5 5001-10000 USD Bikes
12.6.6 > 10000 USD Bikes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Premium Road Bikes Market Size Forecast by Applications
12.10.1 Amateur Bikes
12.10.2 Perfessional Bikes
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Premium Road Bikes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Premium Road Bikes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Premium Road Bikes Market Size Forecast by Type
13.6.1 1001-2000 USD Bikes
13.6.2 2001-3000 USD Bikes
13.6.3 3001-4000 USD Bikes
13.6.4 4001-5000 USD Bikes
13.6.5 5001-10000 USD Bikes
13.6.6 > 10000 USD Bikes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Premium Road Bikes Market Size Forecast by Applications
13.10.1 Amateur Bikes
13.10.2 Perfessional Bikes
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Premium Road Bikes Market: Competitive Dashboard
14.2 Global Premium Road Bikes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canyon
14.3.2 Pinarello
14.3.3 Colnago
14.3.4 Firefox Bikes
14.3.5 Raleigh
14.3.6 Focus Bikes
14.3.7 Felt Bicycles
14.3.8 Specialized Bicycle
14.3.9 Trek Bikes
14.3.10 Eddy Merckx Bikes
14.3.11 Canyon
14.3.12 Giant
14.3.13 GT Bicycles
14.3.14 Salsa Cycles
14.3.15 Cannondale
14.3.16 Cervelo
14.3.17 Bianchi
14.3.18 Surly Bikes
14.3.19 Hero Cycles
14.3.20 Merida
14.3.21 Fuji Bikes
14.3.22 Accell Group
14.3.23 Diamondback Bicycles
14.3.24 Kona
14.3.25 Scott
14.3.26 Soma