Market Overview:
The global bicycle carrier 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 transportation and fitness purposes, coupled with the rising popularity of cycling as a recreational activity. In addition, the growing number of cycling events and races are also contributing to the growth of this market. The global bicycle carrier market is segmented on the basis of type, application, and region. On the basis of type, it is divided into rear & hitch bike racks, roof mounted bike racks, and others (including trunk-mounted bike racks). Rear & hitch bike racks accounted for a major share in 2017 owing to their easy installation process and low cost as compared to other types of bike carriers. Roof mounted bike racks are expected to grow at a higher CAGR during 2018-2030 due its ability to carry multiple bikes simultaneously without taking up much space on ground level or in vehicle’s interior cabin area. On the basis application; it is segmented into online sales and offline sales channels . Offline sales channels include brick-and mortar stores such as cycle shops or sporting goods stores that sell bicycles along with related accessories such as carriers . Online sales channel includes dedicated ecommerce websites/portals selling only bicycle carriers without any other product lines .
Product Definition:
A bicycle carrier is a device attached to a vehicle, such as a car, truck or van, that allows for the transportation of one or more bicycles. Bicycle carriers can be either mounted on the roof of a vehicle or attached to its trunk or rear hatch. They are often used by commuters who ride their bicycles to work and then store them on the carrier until they are ready to go home.
Rear & Hitch Bike Racks:
Rear & Hitch Bike Racks are used for transporting bicycles on to various carriers such as car roof, truck bed, and trailer. The product is manufactured from high-quality steel and is designed in a way that it can be easily attached to the carrier without any tools. It has an adjustable feature so that it can be securely fit on any type of carrier.
Roof Mounted Bike Racks:
Roof mounted bike racks are used to carry up to 4 bicycles on a roof. It is an effective way of transporting bikes as compared to carrying them in the street or at parking places. The market for roof-mounted bike racks is still growing and evolving, thus there are many products that have not been introduced yet or have only been launched recently.
Application Insights:
The on-road application segment dominated the global bicycle carrier market in terms of revenue share in 2017. This is attributed to the increasing number of cyclists and rising awareness about cycle transportation across various regions, including North America, Europe, Asia Pacific and Middle East & Africa. Moreover, favorable government regulations promoting cycling as a mode of transport are expected to boost product demand over the forecast period.
Offline sales accounted for a significant share in 2017 owing to growing penetration of retail stores across various regions coupled with high consumer spending capacity among emerging middle-class groups looking for luxury products at affordable prices. Growing preference for purchasing bicycles from retail stores instead of online due to security concerns has also been contributing significantly towards growth in this segment.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing online as well as offline sales in China, India, and other countries of Asia Pacific. The growing trend of e-commerce and last-mile delivery services is also a major factor driving product demand. Furthermore, increasing investments by companies for developing new products are anticipated to fuel regional growth over the next seven years. For instance, In January 2018, YADEA Corporation (Shanghai) Ltd., an urban transport equipment manufacturer launched a bicycle carrier system named ‘Yadea Carrier’ at China Bike Week 2018 held at Shanghai.
North America accounted for more than 20% share of global revenue in 2017 owing to high cycling population along with favorable government initiatives promoting bicycling culture across U S states such as California.
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
- Government initiatives to promote cycling as an eco-friendly mode of transportation
- Technological advancements in bicycle carrier products
Scope Of The Report
Report Attributes
Report Details
Report Title
Bicycle Carrier Market Research Report
By Type
Rear & Hitch Bike Racks, Roof Mounted Bike Racks, Others
By Application
Online Sales, Offline Sales
By Companies
Thule Group, Yakima Products, SARIS CYCLING GROUP, Rhino-Rack, Curt, Mont Blanc Group, CAR MATE, Uebler, Allen Sports, Hollywood Racks, Kuat, Atera GmbH, Cruzber, VDL Hapro, Swagman, UP USA, RockyMounts, Alpaca Carriers
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Bicycle Carrier Market Report Segments:
The global Bicycle Carrier market is segmented on the basis of:
Types
Rear & Hitch Bike Racks, Roof Mounted Bike Racks, Others
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:
- Thule Group
- Yakima Products
- SARIS CYCLING GROUP
- Rhino-Rack
- Curt
- Mont Blanc Group
- CAR MATE
- Uebler
- Allen Sports
- Hollywood Racks
- Kuat
- Atera GmbH
- Cruzber
- VDL Hapro
- Swagman
- UP USA
- RockyMounts
- Alpaca Carriers
Highlights of The Bicycle Carrier 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:
- Rear & Hitch Bike Racks
- Roof Mounted Bike Racks
- Others
- 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 Carrier 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?
A bicycle carrier is a device that attaches to the front or back of a bike, and allows it to be transported in a vehicle.
Some of the major players in the bicycle carrier market are Thule Group, Yakima Products, SARIS CYCLING GROUP, Rhino-Rack, Curt, Mont Blanc Group, CAR MATE, Uebler, Allen Sports, Hollywood Racks, Kuat, Atera GmbH, Cruzber, VDL Hapro, Swagman, UP USA, RockyMounts, Alpaca Carriers.
The bicycle carrier 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 Carrier 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 Carrier Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bicycle Carrier 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 Carrier 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 Carrier Market Size & Forecast, 2020-2028 4.5.1 Bicycle Carrier Market Size and Y-o-Y Growth 4.5.2 Bicycle Carrier 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 Rear & Hitch Bike Racks
5.2.2 Roof Mounted Bike Racks
5.2.3 Others
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 Carrier 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 Carrier 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 Rear & Hitch Bike Racks
9.6.2 Roof Mounted Bike Racks
9.6.3 Others
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 Rear & Hitch Bike Racks
10.6.2 Roof Mounted Bike Racks
10.6.3 Others
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 Rear & Hitch Bike Racks
11.6.2 Roof Mounted Bike Racks
11.6.3 Others
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 Rear & Hitch Bike Racks
12.6.2 Roof Mounted Bike Racks
12.6.3 Others
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 Rear & Hitch Bike Racks
13.6.2 Roof Mounted Bike Racks
13.6.3 Others
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 Carrier Market: Competitive Dashboard
14.2 Global Bicycle Carrier Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thule Group
14.3.2 Yakima Products
14.3.3 SARIS CYCLING GROUP
14.3.4 Rhino-Rack
14.3.5 Curt
14.3.6 Mont Blanc Group
14.3.7 CAR MATE
14.3.8 Uebler
14.3.9 Allen Sports
14.3.10 Hollywood Racks
14.3.11 Kuat
14.3.12 Atera GmbH
14.3.13 Cruzber
14.3.14 VDL Hapro
14.3.15 Swagman
14.3.16 UP USA
14.3.17 RockyMounts
14.3.18 Alpaca Carriers