Market Overview:
The global bike pedal 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 across the globe, owing to their advantages such as low cost, environment-friendly and easy storage. In addition, rising health awareness and fitness consciousness are also propelling the demand for bicycles, which in turn is fueling the growth of the global bike pedal market. The clipless pedals segment is anticipated to hold a dominant share in terms of revenue in 2018 and is projected to maintain its dominance throughout the forecast period. This can be attributed to their growing popularity among cyclists owing to their superior performance over flat pedals.
Product Definition:
A bike pedal is the component of a bicycle that the rider pushes with their foot to propel the bike forward.
Clipless Pedals:
Clipless pedals are shoes with the cleats attached to them. The rider can step on the cleats and use friction between his/her shoes and pedals to move forward. Clipless Pedals are gaining popularity among bikers as they provide better control over bike while riding, avoid unnecessary stress on knee joints, improve balance while riding bicycle and prevent injuries caused by accidental fall.
Flat Pedals:
Flat Pedals are also known as level or neutral pedals. It is a type of bicycle pedal that has no particular relationship with the activation of the brake band but rather depends on how far you press down on the pedal. The closer to the metal body,the more resistance it provides and thus making it less efficient for use in flat terrain where there’s not much difference between your feet pressure fluctuations.
Application Insights:
The ordinary bike pedal application segment dominated the global market in 2017. This is attributed to the fact that this type of pedals can be used on road, mountain and other bikes, as they are clipless. The growing popularity of cycling as a means for regular exercise has also been contributing to the growth of this segment. Moreover, increasing demand for these types of pedals from female cyclists is expected to drive growth over the forecast period.
Mountain biking was observed to be the fastest-growing application segment during the recent past and is expected continue its dominance over next seven years owing to increased spending by consumers on high-quality mountain biking equipment including pedals and tires with enhanced grip performance ability such as studded tires and knobby tires respectively. Furthermore, an increase in number of Mountain Bike events across various regions will further boost product demand during future years till 2030 globally speaking.
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 awareness about cycling as a sport, availability of cheap bicycles, and rising popularity of various sports events such as Tour de France and Rio Olympics. China is one of the prominent markets in this region owing to growing popularity of electric-assist bikes. Europe accounted for more than 25% share in 2017 owing to high demand from countries including Germany, U.K., Italy, Spain among others. North America also has a significant presence due to growing trend towards fitness biking activities across U.S.
Growth Factors:
- Increasing demand for bicycles owing to their health benefits
- Rising popularity of cycling as a mode of transportation
- Government initiatives and subsidies to promote cycling
- Development of advanced and innovative bike pedals that improve performance
- Growing trend of urbanization and the consequent increase in demand for bicycles
Scope Of The Report
Report Attributes
Report Details
Report Title
Bike Pedal Market Research Report
By Type
Clipless Pedals, Flat Pedals
By Application
Ordinary Bike, Mountain Bike, Road Bike, Others
By Companies
Giant, Look Cycle, BBB Cycling, Time Sport International, Crank Brothers, Genetic Bikes, Keywin, Speedplay, Quarq, Shimano, Ritchey, Prolite
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Bike Pedal Market Report Segments:
The global Bike Pedal market is segmented on the basis of:
Types
Clipless Pedals, Flat Pedals
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
Ordinary Bike, Mountain Bike, Road Bike, Others
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:
- Giant
- Look Cycle
- BBB Cycling
- Time Sport International
- Crank Brothers
- Genetic Bikes
- Keywin
- Speedplay
- Quarq
- Shimano
- Ritchey
- Prolite
Highlights of The Bike Pedal 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:
- Clipless Pedals
- Flat Pedals
- By Application:
- Ordinary Bike
- Mountain Bike
- Road Bike
- Others
- 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 Pedal 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Pedal is a pedal-assist electric bike that helps riders reach their fitness goals. It has an adjustable seat and handlebars, as well as a built-in LCD screen that displays rider stats such as speed, distance, time and calories burned.
Some of the key players operating in the bike pedal market are Giant, Look Cycle, BBB Cycling, Time Sport International, Crank Brothers, Genetic Bikes, Keywin, Speedplay, Quarq, Shimano, Ritchey, Prolite.
The bike pedal 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 Bike Pedal 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 Pedal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bike Pedal 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 Pedal 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 Pedal Market Size & Forecast, 2020-2028
4.5.1 Bike Pedal Market Size and Y-o-Y Growth
4.5.2 Bike Pedal 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 Clipless Pedals
5.2.2 Flat Pedals
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 Ordinary Bike
6.2.2 Mountain Bike
6.2.3 Road Bike
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bike Pedal 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 Pedal 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 Clipless Pedals
9.6.2 Flat Pedals
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 Ordinary Bike
9.10.2 Mountain Bike
9.10.3 Road Bike
9.10.4 Others
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 Clipless Pedals
10.6.2 Flat Pedals
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 Ordinary Bike
10.10.2 Mountain Bike
10.10.3 Road Bike
10.10.4 Others
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 Clipless Pedals
11.6.2 Flat Pedals
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 Ordinary Bike
11.10.2 Mountain Bike
11.10.3 Road Bike
11.10.4 Others
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 Clipless Pedals
12.6.2 Flat Pedals
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 Ordinary Bike
12.10.2 Mountain Bike
12.10.3 Road Bike
12.10.4 Others
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 Clipless Pedals
13.6.2 Flat Pedals
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 Ordinary Bike
13.10.2 Mountain Bike
13.10.3 Road Bike
13.10.4 Others
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 Pedal Market: Competitive Dashboard
14.2 Global Bike Pedal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Giant
14.3.2 Look Cycle
14.3.3 BBB Cycling
14.3.4 Time Sport International
14.3.5 Crank Brothers
14.3.6 Genetic Bikes
14.3.7 Keywin
14.3.8 Speedplay
14.3.9 Quarq
14.3.10 Shimano
14.3.11 Ritchey
14.3.12 Prolite
