Market Overview:
The global bike packs market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The bike panniers segment is expected to dominate the market, in terms of value, during the forecast period. The online sales channel is expected to be the fastest-growing sales channel for bike packs during the forecast period. North America accounted for majority of the share in terms of value in 2017 and is projected to maintain its dominance throughout 2030.
Product Definition:
Bike Packs are a type of backpack that is specifically designed to be carried on a bicycle. They typically have straps that go over the handlebars and around the seat, as well as pockets and compartments that are specifically designed for holding cycling gear. Bike Packs can be important for cyclists because they allow them to carry gear with them while they ride, which can include things like water bottles, snacks, tools, and spare clothes.
Bike Panniers:
Bike panniers are a backpack designed to be carried on the rear of a bicycle. It is usually made up of waterproof material and includes one or more compartments for storage. The Bike Pack market is driven by increasing demand for convenient carrying solutions such as trekking, mountain biking, and road biking among others.
Bike Handlebar Bags:
Bike handlebar bags are primarily used to secure and protect the rider from wind, rain or other elements that may fly off road. They are also useful in carrying essential gear such as water, food or tools. The growing trend of using bike panniers for storage is expected to drive market growth over the forecast period.
The global bike handlebar bags.
Application Insights:
The offline sales segment dominated the market in 2017. Offline channels such as bicycle stores and specialty online shops are still the most preferred channel for purchasing a bike. These stores have a wider product range compared to other retail websites and physical shops that sell only limited products. Moreover, these retailers can offer better customer service owing to their face-to-face interaction with customers, which is not possible on internet or mobile app based retails platforms.
Online sales are expected to grow at a significant rate over the forecast period due to increasing consumer preference for buying bicycles through internet instead of brick-and-mortar stores or from personal coaches/trainers. The convenience of shopping through net allows consumers access from anywhere at any time without having prior knowledge about local store availability or closing hours of business operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017. This is attributed to increasing online and offline sales of premium products in countries, such as China and India. Furthermore, growing popularity of adventure sports including mountain biking and road biking is expected to drive the regional market over the forecast period. Europe accounted for a significant share owing to high concentration of cycling events, such as Tour de France and Ronde van Vlaanderen - Fietsers vooruiten - Baloise Belgium Kielder bike race that take place every year across countries like Belgium, France, Italy etc. In addition it has been observed that number of cyclists are increasing significantly on roadsides due to lack off parking spaces at their residential places which forces them ride with bike panniers or handlebar bags etc.
North America held a considerable revenue share in 2017 owing to presence strong players like Cargill Inc.
Growth Factors:
- Increasing demand for bicycles as a mode of transportation: The Bike Packs market is expected to grow owing to the increasing demand for bicycles as a mode of transportation. This is mainly due to the advantages offered by cycling, such as reducing traffic congestion, improving air quality, and promoting fitness.
- Rising popularity of cycling events: Cycling events are gaining in popularity all over the world, which is also contributing to the growth of the Bike Packs market. Such events provide cyclists with an opportunity to test their skills and compete against others. They also help in promoting cycling among people who are not familiar with it yet.
- Technological advancements: The Bike Packs market is expected to grow owing to technological advancements that have made bicycle packing easier and more efficient than ever before. These advancements include new materials that are lighter in weight but stronger than traditional materials used for bike packing, along with innovative designs that make packing and unpacking easier than ever before..
Scope Of The Report
Report Attributes
Report Details
Report Title
Bike Packs 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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Bike Packs Market Report Segments:
The global Bike Packs 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 Bike Packs 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 Bike Packs 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.
How you may use our products:
- 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?
Bike Packs are a type of cargo carrier that attaches to a bike's frame and holds items like groceries, tools, or children. They're popular in Europe and Asia, where biking is more common than in the United States.
Some of the key players operating in the bike packs 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 bike packs market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bike Packs 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 Bike Packs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bike Packs 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 Bike Packs 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 Bike Packs Market Size & Forecast, 2020-2028
4.5.1 Bike Packs Market Size and Y-o-Y Growth
4.5.2 Bike Packs 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 Bike Packs 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 Bike Packs 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 Bike Packs Market: Competitive Dashboard
14.2 Global Bike Packs 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
