Asia Pacific Bicycle Market Outlook, 2026
Asia Pacific Bicycle Market Outlook, 2026
Abstract
Increasing number of cycling events and favourable government and employer initiatives are expected to drive the market. Furthermore, there are various governing bodies in Asia Pacific such that The Cycling Federation of India, and The Chinese Cycling Association, which promote road racing, touring, and leisure cycling, track racing, off-road racing events, and mountain cycling events. According to the report titled "Asia Pacific Bicycle Market Outlook, 2026" published by Bonafide Research the market accounted to 52.61 Million Units in the year 2015, and is expected to grow over a CAGR of 4% in the forecasted period.
In terms of volume by demography, the Asia Pacific bicycle market has share of nearly more than 50% in male section in the year 2020. The craze for cycling has been on a steady rise in the South Asian nation but that was largely limited to the metropolitan cities. Rural areas accounted for nearly half of the cycle sales even as people there were migrating to scooters, a faster mode of transport. India has market share of less than 10% in terms of value but in terms of volume, India acquired 1/4th of the Asia Pacific market in the year 2020. This contradiction is the result of in low in hand disposable income. However, India has a huge market for bicycle, but the average selling price of a bicycle in Indian market was very low, in the year 2020.
In the Asia Pacific region, the high-end bicycles particularly Mountain bikes, E- bikes and Hybrid bikes have possessed market share of almost 70% in the year 2020. The big players of the market Merida, Trek, Connonadale, Accell group, Raleigh are seeing it as a opportunity because people are becoming now health conscious and want to be an active part of environment saving movement. Hence, it is estimated that the market for road bicycle will grow with a CAGR of over 3% in the year 2026. Countries, like China and Japan, are some of the leading countries, where e-bikes have grown their prominence. Some of the major reasons considered for adopting and driving e-bikes around the Asia-Pacific are health benefits, avoidance of traffic congestion, environmental benefits, and the increase in demand for e-bikes as sports equipment.
Companies Mentioned:
A-Bike, Atlas Cycles Limited, Avon Cycles Limited, Bridgestone, Cube Cycles, Derby Cycle, Dorel Industries Inc., Firefox Bikes Private Limited, Fuji-ta, Giant Bicycles, Hero Cycles Limited, Merida Bikes International, Santa Cruz Bicycle, Scott Sports, Specialized Bicycle Components, Inc, XDS Shenzhen Xidesheng Bicycles Co
CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2019-20
• Historical year: 2014-15
• Forecasted year: 2025-26
REGIONS COVERED:
• China
• Japan
• India
• Australia
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Size By Volume for the time period (2020-2025)
• Market Share by Type of Bicycle (2020 & 2026F)
• Market Share by Demography (2020 & 2026F)
• Market Share by Sales Channel (2020 & 2026F)
• Market Share by Region (2020 & 2026F)
• Market Share by Country (2020 & 2026F)
• Market Share by Company (2020)
The report answers questions such as:
1. What is the market size and forecast of the Asia Pacific Bicycle Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Asia Pacific Bicycle Market during the forecast period?
3. Which region outstands in the Global Bicycle Market?
4. Which are the segments to invest in over the forecast period in the Asia Pacific Bicycle Market?
5. What is the competitive strategic window for opportunities in the Asia Pacific Bicycle Market?
6. What are the technology trends and regulatory frameworks in the Asia Pacific Bicycle Market?
7. What are the major company in the Asia Pacific Bicycle Market?
Content
Table of Contents
1 Executive Summary
2 Report Methodology
3 Global Bicycle Market Outlook
3.1 Market Size
3.1.1 By Value
3.1.2 By Volume
3.2 Market Share
3.2.1 By Bicycle Type
3.2.2 By Demography
3.2.3 By Sales Channel
3.2.4 By Region
3.2.5 By Country
3.2.6 By Company
3.3 Global Road Bicycle Market Outlook
3.3.1 Market Size By Value
3.3.2 Market Size By Volume
3.4 Global Mountain Bicycle Market Outlook
3.4.1 Market Size By Value
3.4.2 Market Size By Volume
3.5 Global Hybrid Bicycle Outlook
3.5.1 Market Size By Value
3.5.2 Market Size By Volume
3.6 Global Electric Bicycle Outlook
3.6.1 Market Size By Value
3.6.2 Market Size By Volume
3.7 Global Other Bicycle Outlook
3.7.1 Market Size By Value
3.7.2 Market Size By Volume
4 Asia Pacific Bicycle Market Outlook
4.1 Market Size
4.1.1 By Value
4.1.2 By Volume
4.2 Market Share
4.2.1 By Bicycle Type
4.2.2 By Demography
4.2.3 By Country
4.3 Asia Pacific Bicycle Market Outlook- By Type
4.3.1 Market Size By Value
4.3.2 Market Size By Volume
4.4 China Bicycle Market Outlook
4.4.1 Market Size
4.4.2 Market Share- By Bicycle Type
4.5 Japan Bicycle Market Outlook
4.5.1 Market Size
4.5.2 Market Share- By Bicycle Type
4.6 India Bicycle Market Outlook
4.6.1 Market Size
4.6.2 Market Share- By Bicycle Type
4.7 Australia Bicycle Market Outlook
4.7.1 Market Size
4.7.2 Market Share- By Bicycle Type
5 Market Dynamics
5.1 Key Drivers
5.2 Key Challenges
6 Market Trends & Developments
6.1 Dock Less Bicycle Sharing System
6.2 Indoor Cycling Software
6.3 Cargo Bikes & Family Bicycles
6.4 Customized Bicycles
6.5 Digital Wearable Devices and Accessories
7 Competitive Landscape
7.1 Porter's Five Forces
7.2 Company Profiles
7.2.1 A- Bike
7.2.2 Atlas Cycles Limited
7.2.3 Avon Cycles Limited
7.2.4 Bridgestone Cycle
7.2.5 Cube Cycles
7.2.6 Derby Cycle
7.2.7 Dorel Industries Inc.
7.2.8 Firefox Bikes Private Limited
7.2.9 Tianjin Fuji-Ta Bicycle Manufacturer Co.,Ltd.
7.2.10 Giant Bicycles
7.2.11 Hero Cycles Limited
7.2.12 Merida Bikes International
7.2.13 Santa Cruz Bicycle
7.2.14 Scott Sports
7.2.15 Specialized Bicycle Components, Inc.
7.2.16 XDS Shenzhen Xidesheng Bicycles Co., Ltd.
8 Recommendation
9 Disclaimer
Table of Figures
Figure 1 : Global Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 2 : Global Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 3 : Global Bicycle Market Share By Company
Figure 4 : Global Road Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 5 : Global Road Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 6: Global Mountain Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 7: Global Mountain Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 8: Global Hybrid Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 9 : Global Hybrid Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 10: Global E-Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 11 : Global E-Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 12 : Global Other Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 13 : Global Other Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 14 : Asia Pacific Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 15 : Asia Pacific Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 16: China Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 17: China Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 18: Japan Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 19: Japan Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 20: India Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 21: India Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 22: Australia Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 23: Australia Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
List of Tables
Table 1: Global Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 2: Global Bicycle Market Share – By Type By Value 2020 & 2026F
Table 3: Global Bicycle Market Share – By Demography By Volume 2020 & 2026F
Table 4: Global Bicycle Market Share – By Demography By Value 2020 & 2026F
Table 5: Global Bicycle Market Share – By Sales Channel By Value 2020 & 2026F
Table 6: Global Bicycle Market Share – By Sales Channel By Volume 2020 & 2026F
Table 7: Global Bicycle Market Share – By Region By Value 2020 & 2026F
Table 8: Global Bicycle Market Share – By Region By Volume 2020 & 2026F
Table 9: Global Bicycle Market Share – By Country By Value 2020 & 2026F
Table 10: Global Bicycle Market Share – By Country By Volume 2020 & 2026F
Table 11: Asia Pacific Bicycle Market Share – By Type By Value 2020 & 2026F
Table 12: Asia Pacific Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 13: Asia Pacific Bicycle Market Share – By Demography By Value 2020 & 2026F
Table 14: Asia Pacific Bicycle Market Share – By Demography By Volume 2020 & 2026F
Table 15: Asia Pacific Bicycle Market Share – By Country By Value 2020 & 2026F
Table 16: Asia Pacific Bicycle Market Share – By Country By Volume 2020 & 2026F
Table 17: Asia Pacific Bicycle Market Size By Type – By Volume 2015 to 2026F (USD Billion)
Table 18: Asia Pacific Bicycle Market Size By Type – By Volume 2015 to 2026F (Million units)
Table 19: China Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 20: China Bicycle Market Share – By Type By Value 2020 & 2026F
Table 21: Japan Bicycle Market Share – By Type By Value 2020 & 2026F
Table 22: Japan Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 23: India Bicycle Market Share – By Type By Value 2020 & 2026F
Table 24: India Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 25: Australia Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 26: Australia Bicycle Market Share – By Type By Value 2020 & 2026F
Table 27: Key Facts of A-Bike
Table 28: Key Facts of Atlas Cycles Limited
Table 29: Key Facts of Avon Cycles Limited
Table 30: Key Facts of Bridgestone
Table 31: Key Facts of Cube Cycles
Table 32: Key Facts of Derby Cycle
Table 33: Key Facts of Dorel Industries Inc.
Table 34: Key Facts of Firefox Bikes Private Limited
Table 35: Key Facts of Fuji-ta
Table 36: Key Facts of Giant Bicycles
Table 37: Key Facts of Hero Cycles Limited
Table 38: Key Facts of Merida Bikes International
Table 39: Key Facts of Santa Cruz Bicycle
Table 40: Key Facts of Scott Sports
Table 41: Key Facts of Specialized Bicycle Components, Inc
Table 42: Key Facts of XDS Shenzhen Xidesheng Bicycles Co
In terms of volume by demography, the Asia Pacific bicycle market has share of nearly more than 50% in male section in the year 2020. The craze for cycling has been on a steady rise in the South Asian nation but that was largely limited to the metropolitan cities. Rural areas accounted for nearly half of the cycle sales even as people there were migrating to scooters, a faster mode of transport. India has market share of less than 10% in terms of value but in terms of volume, India acquired 1/4th of the Asia Pacific market in the year 2020. This contradiction is the result of in low in hand disposable income. However, India has a huge market for bicycle, but the average selling price of a bicycle in Indian market was very low, in the year 2020.
In the Asia Pacific region, the high-end bicycles particularly Mountain bikes, E- bikes and Hybrid bikes have possessed market share of almost 70% in the year 2020. The big players of the market Merida, Trek, Connonadale, Accell group, Raleigh are seeing it as a opportunity because people are becoming now health conscious and want to be an active part of environment saving movement. Hence, it is estimated that the market for road bicycle will grow with a CAGR of over 3% in the year 2026. Countries, like China and Japan, are some of the leading countries, where e-bikes have grown their prominence. Some of the major reasons considered for adopting and driving e-bikes around the Asia-Pacific are health benefits, avoidance of traffic congestion, environmental benefits, and the increase in demand for e-bikes as sports equipment.
Companies Mentioned:
A-Bike, Atlas Cycles Limited, Avon Cycles Limited, Bridgestone, Cube Cycles, Derby Cycle, Dorel Industries Inc., Firefox Bikes Private Limited, Fuji-ta, Giant Bicycles, Hero Cycles Limited, Merida Bikes International, Santa Cruz Bicycle, Scott Sports, Specialized Bicycle Components, Inc, XDS Shenzhen Xidesheng Bicycles Co
CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2019-20
• Historical year: 2014-15
• Forecasted year: 2025-26
REGIONS COVERED:
• China
• Japan
• India
• Australia
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. Also, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Size By Volume for the time period (2020-2025)
• Market Share by Type of Bicycle (2020 & 2026F)
• Market Share by Demography (2020 & 2026F)
• Market Share by Sales Channel (2020 & 2026F)
• Market Share by Region (2020 & 2026F)
• Market Share by Country (2020 & 2026F)
• Market Share by Company (2020)
The report answers questions such as:
1. What is the market size and forecast of the Asia Pacific Bicycle Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Asia Pacific Bicycle Market during the forecast period?
3. Which region outstands in the Global Bicycle Market?
4. Which are the segments to invest in over the forecast period in the Asia Pacific Bicycle Market?
5. What is the competitive strategic window for opportunities in the Asia Pacific Bicycle Market?
6. What are the technology trends and regulatory frameworks in the Asia Pacific Bicycle Market?
7. What are the major company in the Asia Pacific Bicycle Market?
1 Executive Summary
2 Report Methodology
3 Global Bicycle Market Outlook
3.1 Market Size
3.1.1 By Value
3.1.2 By Volume
3.2 Market Share
3.2.1 By Bicycle Type
3.2.2 By Demography
3.2.3 By Sales Channel
3.2.4 By Region
3.2.5 By Country
3.2.6 By Company
3.3 Global Road Bicycle Market Outlook
3.3.1 Market Size By Value
3.3.2 Market Size By Volume
3.4 Global Mountain Bicycle Market Outlook
3.4.1 Market Size By Value
3.4.2 Market Size By Volume
3.5 Global Hybrid Bicycle Outlook
3.5.1 Market Size By Value
3.5.2 Market Size By Volume
3.6 Global Electric Bicycle Outlook
3.6.1 Market Size By Value
3.6.2 Market Size By Volume
3.7 Global Other Bicycle Outlook
3.7.1 Market Size By Value
3.7.2 Market Size By Volume
4 Asia Pacific Bicycle Market Outlook
4.1 Market Size
4.1.1 By Value
4.1.2 By Volume
4.2 Market Share
4.2.1 By Bicycle Type
4.2.2 By Demography
4.2.3 By Country
4.3 Asia Pacific Bicycle Market Outlook- By Type
4.3.1 Market Size By Value
4.3.2 Market Size By Volume
4.4 China Bicycle Market Outlook
4.4.1 Market Size
4.4.2 Market Share- By Bicycle Type
4.5 Japan Bicycle Market Outlook
4.5.1 Market Size
4.5.2 Market Share- By Bicycle Type
4.6 India Bicycle Market Outlook
4.6.1 Market Size
4.6.2 Market Share- By Bicycle Type
4.7 Australia Bicycle Market Outlook
4.7.1 Market Size
4.7.2 Market Share- By Bicycle Type
5 Market Dynamics
5.1 Key Drivers
5.2 Key Challenges
6 Market Trends & Developments
6.1 Dock Less Bicycle Sharing System
6.2 Indoor Cycling Software
6.3 Cargo Bikes & Family Bicycles
6.4 Customized Bicycles
6.5 Digital Wearable Devices and Accessories
7 Competitive Landscape
7.1 Porter's Five Forces
7.2 Company Profiles
7.2.1 A- Bike
7.2.2 Atlas Cycles Limited
7.2.3 Avon Cycles Limited
7.2.4 Bridgestone Cycle
7.2.5 Cube Cycles
7.2.6 Derby Cycle
7.2.7 Dorel Industries Inc.
7.2.8 Firefox Bikes Private Limited
7.2.9 Tianjin Fuji-Ta Bicycle Manufacturer Co.,Ltd.
7.2.10 Giant Bicycles
7.2.11 Hero Cycles Limited
7.2.12 Merida Bikes International
7.2.13 Santa Cruz Bicycle
7.2.14 Scott Sports
7.2.15 Specialized Bicycle Components, Inc.
7.2.16 XDS Shenzhen Xidesheng Bicycles Co., Ltd.
8 Recommendation
9 Disclaimer
Table of Figures
Figure 1 : Global Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 2 : Global Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 3 : Global Bicycle Market Share By Company
Figure 4 : Global Road Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 5 : Global Road Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 6: Global Mountain Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 7: Global Mountain Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 8: Global Hybrid Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 9 : Global Hybrid Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 10: Global E-Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 11 : Global E-Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 12 : Global Other Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 13 : Global Other Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 14 : Asia Pacific Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 15 : Asia Pacific Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 16: China Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 17: China Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 18: Japan Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 19: Japan Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 20: India Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 21: India Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
Figure 22: Australia Bicycle Market Size – By Value 2015 to 2026F (USD Billion)
Figure 23: Australia Bicycle Market Size – By Volume 2015 to 2026F (In Millions)
List of Tables
Table 1: Global Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 2: Global Bicycle Market Share – By Type By Value 2020 & 2026F
Table 3: Global Bicycle Market Share – By Demography By Volume 2020 & 2026F
Table 4: Global Bicycle Market Share – By Demography By Value 2020 & 2026F
Table 5: Global Bicycle Market Share – By Sales Channel By Value 2020 & 2026F
Table 6: Global Bicycle Market Share – By Sales Channel By Volume 2020 & 2026F
Table 7: Global Bicycle Market Share – By Region By Value 2020 & 2026F
Table 8: Global Bicycle Market Share – By Region By Volume 2020 & 2026F
Table 9: Global Bicycle Market Share – By Country By Value 2020 & 2026F
Table 10: Global Bicycle Market Share – By Country By Volume 2020 & 2026F
Table 11: Asia Pacific Bicycle Market Share – By Type By Value 2020 & 2026F
Table 12: Asia Pacific Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 13: Asia Pacific Bicycle Market Share – By Demography By Value 2020 & 2026F
Table 14: Asia Pacific Bicycle Market Share – By Demography By Volume 2020 & 2026F
Table 15: Asia Pacific Bicycle Market Share – By Country By Value 2020 & 2026F
Table 16: Asia Pacific Bicycle Market Share – By Country By Volume 2020 & 2026F
Table 17: Asia Pacific Bicycle Market Size By Type – By Volume 2015 to 2026F (USD Billion)
Table 18: Asia Pacific Bicycle Market Size By Type – By Volume 2015 to 2026F (Million units)
Table 19: China Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 20: China Bicycle Market Share – By Type By Value 2020 & 2026F
Table 21: Japan Bicycle Market Share – By Type By Value 2020 & 2026F
Table 22: Japan Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 23: India Bicycle Market Share – By Type By Value 2020 & 2026F
Table 24: India Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 25: Australia Bicycle Market Share – By Type By Volume 2020 & 2026F
Table 26: Australia Bicycle Market Share – By Type By Value 2020 & 2026F
Table 27: Key Facts of A-Bike
Table 28: Key Facts of Atlas Cycles Limited
Table 29: Key Facts of Avon Cycles Limited
Table 30: Key Facts of Bridgestone
Table 31: Key Facts of Cube Cycles
Table 32: Key Facts of Derby Cycle
Table 33: Key Facts of Dorel Industries Inc.
Table 34: Key Facts of Firefox Bikes Private Limited
Table 35: Key Facts of Fuji-ta
Table 36: Key Facts of Giant Bicycles
Table 37: Key Facts of Hero Cycles Limited
Table 38: Key Facts of Merida Bikes International
Table 39: Key Facts of Santa Cruz Bicycle
Table 40: Key Facts of Scott Sports
Table 41: Key Facts of Specialized Bicycle Components, Inc
Table 42: Key Facts of XDS Shenzhen Xidesheng Bicycles Co
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