Market Overview:
The global tandem 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, coupled with the rising demand for eco-friendly modes of transportation. In addition, the growing number of fitness enthusiasts is also propelling the demand for tandem bicycles. The global tandem bicycles market can be segmented on the basis of type into mtb tandems, recumbent tandems, folding tandems, and others. The mtb tandem segment is expected to account for a major share in terms of revenue in 2018 owing to its growing popularity among cyclists across all age groups. On the other hand, recumbent tandems are gaining traction due their comfortable riding position and easy handling characteristics. On the basis of application, home users accounted for majority share in 2017 and is projected to maintain its dominance during forecast period as well owing to increased awareness about health benefits associated with cycling coupled with rising disposable income levels across regions worldwide . However , retail users are anticipatedto witness highest CAGR over next decade due increasing adoption by commercial establishments such as resorts , hotels etc . Regionally , North America held largest revenue share in 2017 followed by Europe .
Product Definition:
A tandem bicycle is a bicycle built for two people, with each person riding in their own separate seat. Tandem bicycles are often used by couples, families, or groups of friends who want to ride together. They can also be used for training or racing purposes.
Mtb Tandems:
Mtb tandem is a bicycle with two seats in one frame. It has pedals and a higher seat attached to the rear wheel of the bike. The bike is mostly used by women as it provides better comfort than men’s bikes for short-distance travel.
The global increase in health concerns, fitness consciousness among consumers and easy availability of high-end products are some factors driving the growth of this industry globally.
Recumbent Tandems:
Recumbent tandems are bicycles with two seats behind the rider, instead of the traditional seat behind the steering wheel. The design offers numerous benefits such as lower center of gravity, more stability and comfort for riders over a regular bike.
The growing popularity of recumbent tandems can be attributed to factors such as increased comfort.
Application Insights:
The home application segment accounted for the largest revenue share of over 70.0% in 2017. The growing trend of recreational cycling has led to an increase in demand for tandem bicycles at homes, which is expected to drive the segment growth over the forecast period. Furthermore, with a rise in disposable income among middle-class population across various regions, there has been an upsurge in demand for home tandem bicycles as a means of transportation as well as recreation purposes.
The retail application segment is expected to witness significant growth during the forecast period owing to rising number of specialty bicycle stores across North America and Europe coupled with increasing penetration by major manufacturers such as Huffy Corporation, Diamondback Bicycles Inc., and Schwinn Bicycle Co., Ltd.
Regional Analysis:
North America dominated the global tandem bicycles market in 2017. The region is expected to witness a considerable growth rate of over 5% from 2018 to 2030. This growth can be attributed to increasing product demand as well as growing health awareness among consumers. In addition, presence of key players such as bicycle manufacturer, Trek Bicycle Corporation; and major retailers such as REI Co-op; and Sports Basement Inc.; are anticipated to fuel the regional product demand in near future.
Asia Pacific is expected to emerge with the fastest CAGR during the forecast period owing high adoption rates for fitness products coupled with rising government initiatives for transportation alternative modes especially in India.
Growth Factors:
- Increasing urbanization: The trend of people moving to cities is expected to continue, driving the demand for bicycles. This will benefit the tandem bicycle market as it is more popular in urban areas than rural ones.
- Rising income levels: As incomes rise, people have more money to spend on leisure activities such as cycling. This will lead to an increase in demand for tandem bicycles, especially among affluent consumers.
- Growing popularity of cycling: Cycling is becoming increasingly popular as a mode of transportation and recreation due to its health and environmental benefits. This will help boost the sales of tandem bicycles in the coming years.
- . Technological advancements: Tandem bicycle manufacturers are constantly innovating their products with new features and designs that appeal to consumers. This will help keep interest in these bikes high and drive their sales growth further."5.." increasing awareness about fitness benefits: There has been a growing awareness about the health benefits of cycling, which is helping fuel demand for tandem bicycles
Scope Of The Report
Report Attributes
Report Details
Report Title
Tandem Bicycles Market Research Report
By Type
Mtb Tandems, Recumbent Tandems, Folding Tandems, Others
By Application
Home, Retail
By Companies
Cannondale, Kent, Micargi, Pacific, Apollo (Australia), Dawes (Uk), Khs (Taiwan), Dolan (Uk), Polygon (Taiwan), Raleigh (Usa), Schwinn (Usa), Trek (Usa)
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Tandem Bicycles Market Report Segments:
The global Tandem Bicycles market is segmented on the basis of:
Types
Mtb Tandems, Recumbent Tandems, Folding Tandems, 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
Home, Retail
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:
- Cannondale
- Kent
- Micargi
- Pacific
- Apollo (Australia)
- Dawes (Uk)
- Khs (Taiwan)
- Dolan (Uk)
- Polygon (Taiwan)
- Raleigh (Usa)
- Schwinn (Usa)
- Trek (Usa)
Highlights of The Tandem 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:
- Mtb Tandems
- Recumbent Tandems
- Folding Tandems
- Others
- By Application:
- Home
- Retail
- 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 Tandem 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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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?
Tandem bicycles are two-wheeled vehicles that allow two people to ride together. They are typically ridden as a mode of transportation, but they can also be used for recreation.
Some of the key players operating in the tandem bicycles market are Cannondale, Kent, Micargi, Pacific, Apollo (Australia), Dawes (Uk), Khs (Taiwan), Dolan (Uk), Polygon (Taiwan), Raleigh (Usa), Schwinn (Usa), Trek (Usa).
The tandem bicycles market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tandem 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. Tandem Bicycles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tandem Bicycles Market - Supply Chain
4.5. Global Tandem Bicycles Market Forecast
4.5.1. Tandem Bicycles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tandem Bicycles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tandem Bicycles Market Absolute $ Opportunity
5. Global Tandem 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. Tandem Bicycles Market Size and Volume Forecast by Type
5.3.1. Mtb Tandems
5.3.2. Recumbent Tandems
5.3.3. Folding Tandems
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tandem 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. Tandem Bicycles Market Size and Volume Forecast by Application
6.3.1. Home
6.3.2. Retail
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tandem 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. Tandem 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 Tandem 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. Tandem 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 Tandem Bicycles Demand Share Forecast, 2019-2026
9. North America Tandem 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 Tandem 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 Tandem Bicycles Market Size and Volume Forecast by Application
9.4.1. Home
9.4.2. Retail
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tandem Bicycles Market Size and Volume Forecast by Type
9.7.1. Mtb Tandems
9.7.2. Recumbent Tandems
9.7.3. Folding Tandems
9.7.4. 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 Tandem Bicycles Demand Share Forecast, 2019-2026
10. Latin America Tandem 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 Tandem 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 Tandem Bicycles Market Size and Volume Forecast by Application
10.4.1. Home
10.4.2. Retail
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tandem Bicycles Market Size and Volume Forecast by Type
10.7.1. Mtb Tandems
10.7.2. Recumbent Tandems
10.7.3. Folding Tandems
10.7.4. 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 Tandem Bicycles Demand Share Forecast, 2019-2026
11. Europe Tandem 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 Tandem 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 Tandem Bicycles Market Size and Volume Forecast by Application
11.4.1. Home
11.4.2. Retail
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tandem Bicycles Market Size and Volume Forecast by Type
11.7.1. Mtb Tandems
11.7.2. Recumbent Tandems
11.7.3. Folding Tandems
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/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 Tandem Bicycles Demand Share, 2019-2026
12. Asia Pacific Tandem 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 Tandem 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 Tandem Bicycles Market Size and Volume Forecast by Application
12.4.1. Home
12.4.2. Retail
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tandem Bicycles Market Size and Volume Forecast by Type
12.7.1. Mtb Tandems
12.7.2. Recumbent Tandems
12.7.3. Folding Tandems
12.7.4. 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 Tandem Bicycles Demand Share, 2019-2026
13. Middle East & Africa Tandem 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 Tandem 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 Tandem Bicycles Market Size and Volume Forecast by Application
13.4.1. Home
13.4.2. Retail
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tandem Bicycles Market Size and Volume Forecast by Type
13.7.1. Mtb Tandems
13.7.2. Recumbent Tandems
13.7.3. Folding Tandems
13.7.4. 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 Tandem Bicycles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tandem Bicycles Market: Market Share Analysis
14.2. Tandem Bicycles Distributors and Customers
14.3. Tandem Bicycles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cannondale
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kent
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Micargi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pacific
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Apollo (Australia)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dawes (Uk)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Khs (Taiwan)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dolan (Uk)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Polygon (Taiwan)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Raleigh (Usa)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Schwinn (Usa)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Trek (Usa)
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
