Market Overview:
The global racing bicycles 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 popularity of cycling as a mode of transportation and recreation. Additionally, the growing demand for lightweight and high-performance bicycles is also propelling the growth of this market. On the basis of type, road bikes accounted for majority share in 2017 and are expected to maintain their dominance during the forecast period as well. This can be attributed to their superior performance on paved roads when compared with other types of bicycles such as mountain bikes or hybrid bikes.
Product Definition:
Racing bicycles are designed for competitive racing on paved roads. They typically have a lightweight frame, thin tires, and a few gears. Racing bicycles are used in road races, time trials, and criteriums.
Road Bikes:
Road bikes, also known as recreational bikes or fitness bikes, are a type of bicycles that are designed for use on paved roads. They usually have no more than 28-inch wheels and a seat height of less than 6 feet. Road bike frames can be made from steel, aluminum alloy or carbon fiber; while tires can be any standard bicycle tire (including folding), clincher or semi-clincher.
Mountain Bikes:
Mountain bikes are bicycles, which are designed to be used on all types of terrains and weather conditions. These bikes have been gaining popularity over the past few years owing to their ability to tackle any surface and any terrain with ease. Mountain bikes can also be used for commuting purposes in cities as they have higher speed capabilities compared to other bicycles.
The global mountain bike market size was valued at USD 943 million in 2015.
Application Insights:
The bicycle racing application segment accounted for the largest revenue share of over 45% in 2017. This is attributed to the increasing popularity of road cycling events such as Tour de France and Giro d'Italia. Furthermore, expansion of professional road racing circuit including Circuit de la Sarthe, Circuit Of The Americas and plan to build a new venue in Malaysia is expected to contribute towards segment growth over the forecast period.
Bicycle touring was the second largest application segment accounting for a significant revenue share in 2017 owing to increased interest among individuals towards long-distance travel by bicycle. Increasing popularity of cycle tours including Route du Vin (France), El Camino De Santiago (Spain) and The Classic Grandeur (U.S.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region is attributed to the increasing popularity of bicycle racing and bicycle sports. Countries, such as U.S., have a rich tradition of road race cycling events, which has increased the popularity and adoption of racing bicycles in North America over the past few years.
Asia Pacific is expected to witness significant growth during the forecast period owing to an increase in government initiatives for promoting sports activities related to bicycling throughout Asia Pacific countries including China, Japan, Australia etcetera).
Growth Factors:
- Increasing popularity of cycling as a mode of transportation and exercise
- Rising health awareness among people and the consequent increase in demand for fitness equipment, including racing bicycles
- Technological advancements that have made racing bicycles lighter, faster, and more durable
- The increasing number of amateur and professional cycling races across the world
- The growing trend of urbanization, which is leading to an increase in the number of people living in cities
Scope Of The Report
Report Attributes
Report Details
Report Title
Racing Bicycles Market Research Report
By Type
Road Bikes, Mountain Bikes, Others
By Application
Bicycle Racing, Bicycle Touring, Others
By Companies
Giant Bicycle, Merida Bike, Battle-FSD, Trek Bike, XDS, Shen Ying Biking, Look Cycle, Marmot Bike, Cube Bike, Colnago, SOLOMO, Kestrel Bicycles, Storck Bicycle, Tyrell Bicycle, De Rosa, DAHON, Pinarello, Canyon, Felt Cycles, Ellsworth Bike
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Racing Bicycles Market Report Segments:
The global Racing Bicycles market is segmented on the basis of:
Types
Road Bikes, Mountain Bikes, 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
Bicycle Racing, Bicycle Touring, 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 Bicycle
- Merida Bike
- Battle-FSD
- Trek Bike
- XDS
- Shen Ying Biking
- Look Cycle
- Marmot Bike
- Cube Bike
- Colnago
- SOLOMO
- Kestrel Bicycles
- Storck Bicycle
- Tyrell Bicycle
- De Rosa
- DAHON
- Pinarello
- Canyon
- Felt Cycles
- Ellsworth Bike
Highlights of The Racing Bicycles 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:
- Road Bikes
- Mountain Bikes
- Others
- By Application:
- Bicycle Racing
- Bicycle Touring
- 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 Racing Bicycles 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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- 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?
Racing bicycles are bicycles specifically designed for racing. They have a lightweight frame, narrow tires, and a high-performance motor.
Some of the major players in the racing bicycles market are Giant Bicycle, Merida Bike, Battle-FSD, Trek Bike, XDS, Shen Ying Biking, Look Cycle, Marmot Bike, Cube Bike, Colnago, SOLOMO, Kestrel Bicycles, Storck Bicycle, Tyrell Bicycle, De Rosa, DAHON, Pinarello, Canyon, Felt Cycles, Ellsworth Bike.
The racing bicycles market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Racing Bicycles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Racing Bicycles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Racing Bicycles Market - Supply Chain
4.5. Global Racing Bicycles Market Forecast
4.5.1. Racing Bicycles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Racing Bicycles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Racing Bicycles Market Absolute $ Opportunity
5. Global Racing Bicycles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Racing Bicycles Market Size and Volume Forecast by Type
5.3.1. Road Bikes
5.3.2. Mountain Bikes
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Racing Bicycles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Racing Bicycles Market Size and Volume Forecast by Application
6.3.1. Bicycle Racing
6.3.2. Bicycle Touring
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Racing Bicycles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Racing Bicycles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Racing Bicycles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Racing Bicycles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Racing Bicycles Demand Share Forecast, 2019-2029
9. North America Racing Bicycles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Racing Bicycles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Racing Bicycles Market Size and Volume Forecast by Application
9.4.1. Bicycle Racing
9.4.2. Bicycle Touring
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Racing Bicycles Market Size and Volume Forecast by Type
9.7.1. Road Bikes
9.7.2. Mountain Bikes
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Racing Bicycles Demand Share Forecast, 2019-2029
10. Latin America Racing Bicycles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Racing Bicycles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Racing Bicycles Market Size and Volume Forecast by Application
10.4.1. Bicycle Racing
10.4.2. Bicycle Touring
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Racing Bicycles Market Size and Volume Forecast by Type
10.7.1. Road Bikes
10.7.2. Mountain Bikes
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Racing Bicycles Demand Share Forecast, 2019-2029
11. Europe Racing Bicycles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Racing Bicycles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Racing Bicycles Market Size and Volume Forecast by Application
11.4.1. Bicycle Racing
11.4.2. Bicycle Touring
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Racing Bicycles Market Size and Volume Forecast by Type
11.7.1. Road Bikes
11.7.2. Mountain Bikes
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractieness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Racing Bicycles Demand Share, 2019-2029
12. Asia Pacific Racing Bicycles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Racing Bicycles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Racing Bicycles Market Size and Volume Forecast by Application
12.4.1. Bicycle Racing
12.4.2. Bicycle Touring
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Racing Bicycles Market Size and Volume Forecast by Type
12.7.1. Road Bikes
12.7.2. Mountain Bikes
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Racing Bicycles Demand Share, 2019-2029
13. Middle East & Africa Racing Bicycles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Racing Bicycles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Racing Bicycles Market Size and Volume Forecast by Application
13.4.1. Bicycle Racing
13.4.2. Bicycle Touring
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Racing Bicycles Market Size and Volume Forecast by Type
13.7.1. Road Bikes
13.7.2. Mountain Bikes
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Racing Bicycles Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Racing Bicycles Market: Market Share Analysis
14.2. Racing Bicycles Distributors and Customers
14.3. Racing Bicycles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Giant Bicycle
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Merida Bike
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Battle-FSD
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Trek Bike
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. XDS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shen Ying Biking
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Look Cycle
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Marmot Bike
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cube Bike
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Colnago
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SOLOMO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Kestrel Bicycles
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Storck Bicycle
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tyrell Bicycle
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. De Rosa
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. DAHON
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Pinarello
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Canyon
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Felt Cycles
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Ellsworth Bike
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook