Market Overview:
The global bicycle bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bicycles for commuting and recreational purposes, coupled with the rising popularity of cycling as a mode of transportation. In addition, the growing trend of urbanization is also contributing to the growth of this market. The bike panniers segment is expected to lead the global bicycle bags market in terms of revenue during the forecast period from 2018 to 2030. This segment accounted for more than 50% share of total revenue generated by this market in 2017 and is projected to maintain its dominance throughout the forecast period. Bike handlebar bags are also anticipated witness high demand due their convenience and easy accessibility while riding a bicycle.
Product Definition:
Bicycle bags are designed to attach securely to a bicycle, and provide a place to carry items while riding. They are typically made of durable materials such as Cordura or nylon, and have many features such as reflective trim, rain covers, and mesh pockets for ventilation. Bicycle bags can be used for carrying food, water bottles, tools, clothing, and other items.
Bike Panniers:
Bike panniers are a type of bicycle bag that is used to carry goods using bike or bicycle as the medium of transportation. The market for bike panniers is growing at a significant rate owing to increasing demand from end-users which include business men and women, students, house wives and recreational users.
Bike Handlebar Bags:
Bike handlebar bags are small pouches that are attached to the handlebars of a bicycle. These pouches can be used for carrying various items such as water, groceries, tools, and spare clothing. The growing trend of using bike as a convenient mode of transportation is expected to drive the global market over the forecast period. In addition, increasing awareness regarding health benefits offered by cycling is also expected to fuel product demand in near future.
Application Insights:
The offline sales segment dominated the market in 2017. This can be attributed to increasing penetration of e-commerce platforms and growing demand for premium bicycles in developing countries like India, China and Brazil. Offline channels are still widely used by consumers as they prefer personal contact with the sellers over the internet, especially when it comes to expensive products. However, online bicycle bag sale is expected to grow at a significant rate over the forecast period due to increased consumer preference towards purchasing such bags through digital mediums as it provides them ease of payment and delivery options along with an opportunity to compare different types of bags within seconds.
Regional Analysis:
Asia Pacific dominated the global market in 2017. This can be attributed to increasing online and offline sales of bicycles in countries such as China, Japan, and India. Furthermore, an increase in the number of bicycle riders due to rising disposable income is expected to drive demand for various types of bags over the forecast period.
North America is expected to witness significant growth over the next eight years owing to a rise in consumer preference towards cycling as a leisure activity rather than just a form of transportation. Moreover, growing popularity for mountain biking has resulted in an increased demand for bike panniers across this region. The U-S was one among few countries that witnessed high sales numbers during Bike Month which was organized by People For Bikes (P4B) - A grassroots movement created by people who love bikes - In 2017 P4B organized more than 200 events worldwide including Ride For Education & Awareness (RF&A), Ride Across USA etc.
Growth Factors:
- Increasing demand for bicycles as a mode of transportation
- Rising popularity of cycling as a recreational activity
- Growing awareness about the health benefits of cycling
- Technological advancements in bicycle bag design and construction
- Government initiatives to promote cycling as a means of reducing traffic congestion and pollution
Scope Of The Report
Report Attributes
Report Details
Report Title
Bicycle Bags Market Research Report
By Type
Bike Panniers, Bike Handlebar Bags, Bike Saddle Bags, Bike Trunk Bags, Bike Frame Bags
By Application
Online Sales, Offline Sales
By Companies
ORTLIEB, Blackburn, Trek Bicycle Corporation, Timbuk2, Scicon, Thule Group, VAUDE, Basil, Vincita, Arkel, Axiom, Lone Peak, RockBros, IBERA(Massload), Topeak, Roswheel, RHINOWALK
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Bicycle Bags Market Report Segments:
The global Bicycle Bags market is segmented on the basis of:
Types
Bike Panniers, Bike Handlebar Bags, Bike Saddle Bags, Bike Trunk Bags, Bike Frame Bags
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
Online Sales, Offline Sales
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:
- ORTLIEB
- Blackburn
- Trek Bicycle Corporation
- Timbuk2
- Scicon
- Thule Group
- VAUDE
- Basil
- Vincita
- Arkel
- Axiom
- Lone Peak
- RockBros
- IBERA(Massload)
- Topeak
- Roswheel
- RHINOWALK
Highlights of The Bicycle Bags 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:
- Bike Panniers
- Bike Handlebar Bags
- Bike Saddle Bags
- Bike Trunk Bags
- Bike Frame Bags
- By Application:
- Online Sales
- Offline Sales
- 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 Bicycle Bags 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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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?
Bicycle bags are a type of luggage that is designed to be carried on bicycles. They can be used to carry items like clothes, food, and tools.
Some of the major companies in the bicycle bags market are ORTLIEB, Blackburn, Trek Bicycle Corporation, Timbuk2, Scicon, Thule Group, VAUDE, Basil, Vincita, Arkel, Axiom, Lone Peak, RockBros, IBERA(Massload), Topeak, Roswheel, RHINOWALK.
The bicycle bags market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bicycle Bags 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 Bicycle Bags Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bicycle Bags 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 Bicycle Bags 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 Bicycle Bags Market Size & Forecast, 2020-2028 4.5.1 Bicycle Bags Market Size and Y-o-Y Growth 4.5.2 Bicycle Bags Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Bike Panniers
5.2.2 Bike Handlebar Bags
5.2.3 Bike Saddle Bags
5.2.4 Bike Trunk Bags
5.2.5 Bike Frame Bags
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bicycle Bags 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 Bicycle Bags 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Bike Panniers
9.6.2 Bike Handlebar Bags
9.6.3 Bike Saddle Bags
9.6.4 Bike Trunk Bags
9.6.5 Bike Frame Bags
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 Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Bike Panniers
10.6.2 Bike Handlebar Bags
10.6.3 Bike Saddle Bags
10.6.4 Bike Trunk Bags
10.6.5 Bike Frame Bags
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 Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Bike Panniers
11.6.2 Bike Handlebar Bags
11.6.3 Bike Saddle Bags
11.6.4 Bike Trunk Bags
11.6.5 Bike Frame Bags
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 Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Bike Panniers
12.6.2 Bike Handlebar Bags
12.6.3 Bike Saddle Bags
12.6.4 Bike Trunk Bags
12.6.5 Bike Frame Bags
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 Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Bike Panniers
13.6.2 Bike Handlebar Bags
13.6.3 Bike Saddle Bags
13.6.4 Bike Trunk Bags
13.6.5 Bike Frame Bags
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) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
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 Bicycle Bags Market: Competitive Dashboard
14.2 Global Bicycle Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ORTLIEB
14.3.2 Blackburn
14.3.3 Trek Bicycle Corporation
14.3.4 Timbuk2
14.3.5 Scicon
14.3.6 Thule Group
14.3.7 VAUDE
14.3.8 Basil
14.3.9 Vincita
14.3.10 Arkel
14.3.11 Axiom
14.3.12 Lone Peak
14.3.13 RockBros
14.3.14 IBERA(Massload)
14.3.15 Topeak
14.3.16 Roswheel
14.3.17 RHINOWALK