Market Overview:
The global recumbent trike market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as an increase in the number of people adopting cycling as a mode of transportation and rising awareness about the health benefits associated with cycling. Additionally, technological advancements have led to the development of more efficient and comfortable recumbent trikes, which is further propelling the growth of this market.
Product Definition:
A recumbent trike is a three-wheeled vehicle that places the rider in a reclining position. This type of bike is often used for exercise because it is more comfortable than a traditional upright bicycle.
Delta Trikes:
Delta trikes are a type of three-wheeled bicycle, which is generally designed for elderly people and disabled persons. It has wider tires in comparison to the regular bicycles, which provide stability while riding. The design of this vehicle is more upright than the conventional bikes, making it easier for riders to get on and off from the seat.
The increasing prevalence of various physical disabilities among adults as well as children have led to an increase in demand for these vehicles over the world.
Disk or drum brakes:
Disk or drum brakes are used in recumbent trikes to provide the necessary braking force when applied by the rider. The main function of these types of brakes is to act as a friction device, slowing down or stopping the vehicle when released.
The most common type of disk brake found on recumbents is an "integral" type which has no separate caliper and relies on pressure generated by the spinning wheel to slow down or stop itself.
Application Insights:
The fitness application segment dominated the global recumbent trike market in 2017. This is attributed to the rising number of people who are opting for cycling as a form of exercise and also for recreational purposes. Moreover, health benefits associated with cycling are boosting its demand across various regions. The common use application segment is expected to witness significant growth over the forecast period owing to increasing urbanization and rising disposable income among households in developing countries including China, India, Brazil and so on.
In terms of revenue, the other applications include agriculture (tilling/ weeding) bikes; cargo bikes; hand-pulled or push bicycles; family/ kids' bike; cruiser bike (for leisurely riding); folding bicycle (for storage convenience) etc.
Regional Analysis:
North America dominated the global market in 2017 owing to the high rate of obesity and inactivity. According to WHO, around 34% of adults are obese and another 68 million are overweight. The rising prevalence of obesity is expected to boost demand for recumbent trikes over the forecast period. Moreover, presence of a large number of manufacturers coupled with increasing awareness about health benefits is also anticipated to drive regional growth over the next eight years.
Asia Pacific region is projected to witness lucrative growth during the forecast period owing its huge population base and growing fitness industry in countries such as China, India, Japan & Australia (CIJA).
Growth Factors:
- Increasing demand for eco-friendly and healthy transportation options
- Growing popularity of trikes among cycling enthusiasts
- Rising number of fitness enthusiasts and health-conscious people
- Proliferation of trike clubs and communities across the globe
- Technological advancements in recumbent trike design and functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Recumbent Trike Market Research Report
By Type
Delta Trikes, Disk or drum brakes
By Application
Fitness, Common use, Others
By Companies
ICE, Gekko fx, Sun Seeker Bicycles, TerraTrike, JOUTA, Challenge Recumbents
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Recumbent Trike Market Report Segments:
The global Recumbent Trike market is segmented on the basis of:
Types
Delta Trikes, Disk or drum brakes
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
Fitness, Common use, 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:
- ICE
- Gekko fx
- Sun Seeker Bicycles
- TerraTrike
- JOUTA
- Challenge Recumbents
Highlights of The Recumbent Trike 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:
- Delta Trikes
- Disk or drum brakes
- By Application:
- Fitness
- Common use
- 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 Recumbent Trike 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?
A recumbent trike is a three-wheeled vehicle that sits on a frame that reclines back like a chair. This allows the rider to rest their upper body and legs while they ride, which makes for an incredibly comfortable experience. Recumbent trikes are perfect for people who want to get out and explore but don't want to deal with the hassle of riding in a traditional bike or motorcycle seat.
Some of the major players in the recumbent trike market are ICE, Gekko fx, Sun Seeker Bicycles, TerraTrike, JOUTA, Challenge Recumbents.
The recumbent trike market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Recumbent Trike 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. Recumbent Trike Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recumbent Trike Market - Supply Chain
4.5. Global Recumbent Trike Market Forecast
4.5.1. Recumbent Trike Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recumbent Trike Market Size (000 Units) and Y-o-Y Growth
4.5.3. Recumbent Trike Market Absolute $ Opportunity
5. Global Recumbent Trike 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. Recumbent Trike Market Size and Volume Forecast by Type
5.3.1. Delta Trikes
5.3.2. Disk or drum brakes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Recumbent Trike 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. Recumbent Trike Market Size and Volume Forecast by Application
6.3.1. Fitness
6.3.2. Common use
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Recumbent Trike 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. Recumbent Trike 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 Recumbent Trike 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. Recumbent Trike 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 Recumbent Trike Demand Share Forecast, 2019-2026
9. North America Recumbent Trike 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 Recumbent Trike 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 Recumbent Trike Market Size and Volume Forecast by Application
9.4.1. Fitness
9.4.2. Common use
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 Recumbent Trike Market Size and Volume Forecast by Type
9.7.1. Delta Trikes
9.7.2. Disk or drum brakes
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 Recumbent Trike Demand Share Forecast, 2019-2026
10. Latin America Recumbent Trike 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 Recumbent Trike 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 Recumbent Trike Market Size and Volume Forecast by Application
10.4.1. Fitness
10.4.2. Common use
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 Recumbent Trike Market Size and Volume Forecast by Type
10.7.1. Delta Trikes
10.7.2. Disk or drum brakes
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 Recumbent Trike Demand Share Forecast, 2019-2026
11. Europe Recumbent Trike 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 Recumbent Trike 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 Recumbent Trike Market Size and Volume Forecast by Application
11.4.1. Fitness
11.4.2. Common use
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 Recumbent Trike Market Size and Volume Forecast by Type
11.7.1. Delta Trikes
11.7.2. Disk or drum brakes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential nalysis
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 Recumbent Trike Demand Share, 2019-2026
12. Asia Pacific Recumbent Trike 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 Recumbent Trike 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 Recumbent Trike Market Size and Volume Forecast by Application
12.4.1. Fitness
12.4.2. Common use
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 Recumbent Trike Market Size and Volume Forecast by Type
12.7.1. Delta Trikes
12.7.2. Disk or drum brakes
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 Recumbent Trike Demand Share, 2019-2026
13. Middle East & Africa Recumbent Trike 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 Recumbent Trike 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 Recumbent Trike Market Size and Volume Forecast by Application
13.4.1. Fitness
13.4.2. Common use
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 Recumbent Trike Market Size and Volume Forecast by Type
13.7.1. Delta Trikes
13.7.2. Disk or drum brakes
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 Recumbent Trike Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Recumbent Trike Market: Market Share Analysis
14.2. Recumbent Trike Distributors and Customers
14.3. Recumbent Trike Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ICE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gekko fx
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sun Seeker Bicycles
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TerraTrike
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JOUTA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Challenge Recumbents
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
