According to Goldstein Research, United States bicycle industry is anticipated to reach USD 9.88 billion by 2025, expanding at a CAGR of 5.70% during the forecast period, 2017-2025. The US has always been an attractive market for bicycle industry but it got stagnated over the past few decades. But the bicycle industry in the US has revived & is considered as one of the largest markets in the world. In 2017, US accounted for 134 million cyclists. Although top bicycle manufacturers in the world such as Trek Bicycle Corporation, Specialized Bicycle Components, Inc. and GT Bicycles are located in the US the majority of a bicycle is imported from China & Taiwan. Further, the government in the US is also witnessed to push the growth of bicycles in order to maintain a healthy lifestyle among the people & to decrease the carbon emission.
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Market Segmentation
On the basis of our in-depth analysis, United StatesBicycle Industry can be segmented as follows:
By Product Type
• On-Road (Endurance, Fitness, City, etc.)
• X-Road (Adventure, Cyclocross, etc.)
• Off-Road (Race, Trail, Gravity, etc.)
• E-Bicycles
By Pricing Model
• Low-Cost Products
• Medium Cost Products
• High-End Products (Customized or luxury Brands)
By Distribution Channel
• Online Distribution Channel
• Offline Distribution Channel
By Business Model
• Business to Business (B2B)
• Business to Consumer (B2C)
Analysis of US Bicycle Market analysis by Goldstein Research contains a detailed overview of the United States bicycle industry. The report highlights the competitive outlook of major United States players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of bicycle industry report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the United States bicycle industry discussed in the report are: Giant, Trek Bicycle Corporation, Scott Sports SA, Specialized Bicycle Components, Inc., Bianchi, CicliPinarelloS.p.A., Colnago Ernesto & C. S.r.l., Cannondale Bicycle Corporation, GT Bike, Merida Bicycle, Santa Cruz Bicycles, Schwinn, Piaggio& Co. SpA, Atala spa, Accell Group, canyon bicycles,etc.
Further, the report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Bicycle Industry outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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