Market Overview:
The global commuting bikes 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 foldable and unfoldable commuter bikes across different regions. In terms of type, the foldable commuter bike segment is expected to dominate the global commuting bikes market during the forecast period, owing to its easy portability and storage options. In terms of application, online sales are projected to register a higher CAGR than offline sales during the forecast period. However, in terms of revenue share, offline sales are expected to account for a larger share than online sales in 2018.
Product Definition:
A commuter bike is a bicycle designed for regular use on paved roads to get from one place to another. They are typically less expensive than other types of bicycles, such as racing or mountain bikes, and are often equipped with fenders and racks that can accommodate panniers or baskets.
Foldable Bikes:
Foldable bikes are bicycles that can be easily converted into a compact form, which is then stored in the smallest space possible. These bikes are mostly used by people who live in small apartments and prefer using their foldable bike to travel around the city. The growing trend of urban living has led to an increase in demand for foldable bikes as they take up less space when not in use and can be easily stored away during monsoon or any other wet weather situation.
Unfoldable Bikes:
Unfoldable bikes are bicycles that can be easily converted into a normal bike by unfolding the handlebars and pressing a button to unlock the front wheel. The bicycle is then transformed into an upright bike with two wheels in the usual position. These bikes are convenient for city commuters as they take up less space, allow storage inside houses, and have easy parking.
Application Insights:
The online sales application segment dominated the global market in 2017. This can be attributed to growing internet penetration and rising income levels across the globe. Moreover, governments are taking initiatives to promote e-commerce platforms for buying bicycles through bicycle sharing systems or dockless systems, which will further propel demand over the forecast period. For instance, in July 2017, Paris launched a new bicycle rental system called Vélib' with thousands of bikes available at more than 1500 locations across 17eme and 18eme Arrondissements. The initiative was taken by La Mairie de Paris to encourage residents to opt for an electric bike as rentals were cheaper than other modes of transport such as public transport or cars before taxes were applied by vendors operating these schemes.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing disposable income, especially in developing countries such as China and India. Furthermore, rising health concerns among people are encouraging them to opt for healthier commute alternatives that help reduce obesity issues and increase fitness levels. As per a research published by The Lancet in 2017, more than half of the world’s population live in areas where it is difficult or impossibleto access transport infrastructure that enables easy cycling commutation on regular routes.
North America accounted for 24% share of global revenue in 2017 owing high adoption rates of these bicycles due their environmental benefits compared with other modes of transportation available at that time In U.S.
Growth Factors:
- Increasing awareness about the health benefits of cycling
- Government initiatives and policies to promote cycling as a mode of transportation
- Development of innovative technologies and products that make commuting by bike easier and more comfortable
- Growing popularity of urban biking culture among millennials
- Shift in workplace culture towards more flexible, remote working arrangements
Scope Of The Report
Report Attributes
Report Details
Report Title
Commuting Bikes Market Research Report
By Type
Foldable Bikes, Unfoldable Bikes
By Application
Online Sales, Offline Sales
By Companies
Pinnacle, Specialized, Connondale, Triban, Lapierre, Whyte, B'Twin, Boardman, Trek, Dawes, Surly, Cyclocross, Genesis, Tern, Birdy World Sport, Brompton, Moustache, Raleigh
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Commuting Bikes Market Report Segments:
The global Commuting Bikes market is segmented on the basis of:
Types
Foldable Bikes, Unfoldable 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
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:
- Pinnacle
- Specialized
- Connondale
- Triban
- Lapierre
- Whyte
- B'Twin
- Boardman
- Trek
- Dawes
- Surly
- Cyclocross
- Genesis
- Tern
- Birdy World Sport
- Brompton
- Moustache
- Raleigh
Highlights of The Commuting 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:
- Foldable Bikes
- Unfoldable Bikes
- 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 Commuting 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Commuting bikes are bicycles that are used to commute to work or school.
Some of the key players operating in the commuting bikes market are Pinnacle, Specialized, Connondale, Triban, Lapierre, Whyte, B'Twin, Boardman, Trek, Dawes, Surly, Cyclocross, Genesis, Tern, Birdy World Sport, Brompton, Moustache, Raleigh.
The commuting bikes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commuting 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 Commuting Bikes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commuting 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 Commuting 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 Commuting Bikes Market Size & Forecast, 2020-2028
4.5.1 Commuting Bikes Market Size and Y-o-Y Growth
4.5.2 Commuting Bikes 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 Foldable Bikes
5.2.2 Unfoldable Bikes
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 Commuting 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 Commuting 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 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 Foldable Bikes
9.6.2 Unfoldable 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 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 Foldable Bikes
10.6.2 Unfoldable 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 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 Foldable Bikes
11.6.2 Unfoldable 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 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 Foldable Bikes
12.6.2 Unfoldable 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 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 Foldable Bikes
13.6.2 Unfoldable 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) 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 Commuting Bikes Market: Competitive Dashboard
14.2 Global Commuting Bikes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pinnacle
14.3.2 Specialized
14.3.3 Connondale
14.3.4 Triban
14.3.5 Lapierre
14.3.6 Whyte
14.3.7 B'Twin
14.3.8 Boardman
14.3.9 Trek
14.3.10 Dawes
14.3.11 Surly
14.3.12 Cyclocross
14.3.13 Genesis
14.3.14 Tern
14.3.15 Birdy World Sport
14.3.16 Brompton
14.3.17 Moustache
14.3.18 Raleigh
