Women’s Bicycle Market projected to reach a value of US$ 12.5 Bn by the end of forecast period, 2017-2022

Dublin 2, Ireland, 2018-Jan-16 — /EPR Network/ — Fact.MR has recently added a new report to its vast online database. This research study is titled as “Women’s Bicycle Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.

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Despite of drifting behind from the linear advancements involved in development of vehicles over the decades, bicycles continue to remain in vogue across the premise of global sports industry. From travel to wellness, bicycles are rolling out in heavy numbers, capturing the interests of countryside residents as well as high-spending, urban consumers, particularly women. Health benefits associated with bicycling will keep instrumenting the global sales growth of women’s bicycles. Group activities and social media trends have promoted the use of bicycles among women across several cultures. Apart from helping in regulating body metabolism, bicycles are gradually becoming more significant in the lifestyle of women who have been troubled with the burden of sedentary régimes. However, despite of the advent of electric bicycles, the global market for women’s bicycle will witness a moderate demand for women’s bicycles, in the view of growing popularity of other modes of commuting and exercising.

Women’s bicycles are distinctively different from men’s bicycles, except from being a vehicle made out of an angular frame that holds two wheels linearly. The main frame of women’s bicycles is generally designed by considering the comfort levels of riding the bike, even while donning a skirt. Women’s bicycle also have general pedals for propelling, but their handlebars might differ in design.

Key Insights on Global Women’s Bicycle Market

1.    Considering the availability of resource, strict laws curbing the use of emission vehicles for short-distance commute, and increasing proliferation of healthy lifestyle, the Asia-Pacific excluding Japan (APEJ) region is estimated to remain the largest market for women’s bicycles through 2022.

2.    Hybrid bicycles are expected to be the top-selling product in global women’s bicycle market. In 2017, more than 40% of women’s bicycles sold in the world will be hybrid. Demand for road bikes will also be steady, however, sport bicycles are expected to lose traction in the view of rising proclivity to stationary exercise bikes.

3.    Towards the end of 2022, the demand for electric bicycles will gain momentum across the global women’s bicycle market. Currently, more than 80% of global women’s bicycle market is dominated by sales of conventional bicycles.

4.    A majority of women will prefer buying mid-priced bicycles, particularly to manage recurrent repair costs caused by infrequent use.

5.    Europe’s women’s bicycle market will reach US$ 2.6 Bn value by the end of 2022, becoming a lucrative region, followed by North America. Demand for women’s bicycle in these regions is slated to grow on the backdrop of increasing adoption of cycling for maintaining healthy lifestyles.

6.    The report also projects that global sales of women’s bicycle through independent outlets will procure nearly US$ 3.5 Bn revenues by the end of 2022. Direct-to-customer brand stores will also be viewed as lucrative distribution outlets for women’s bicycle across the globe.

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Women to Prefer Riding Hybrid Bicycles

Wide range of products offered in the global market for women’s bicycles have been analyzed in this report. Rising proclivity of women towards daily fitness activities will instrument a steady growth in demand for road bikes. In 2017, over one-fourth of women’s bicycles being sold across the globe will be used for travelling on city streets and roads. However, sport bikes will slowly lose their traction as women are being drawn towards gym cycles for staying fit. On the other hand, hybrid bicycles will be observed as a top-selling product in the global women’s bicycles market, procuring more than two-fifth share on global revenues at steadfast CAGR of 4.6% during the forecast period.

Currently, conventional women’s bicycles are dominating the global market in terms of technology. Towards the latter half of the forecast period, the demand for women’s bicycles developed on electric pedaling technology will gain momentum. The report also reveals that majority of women will be interested in buying mid-priced bicycles in the years to come, considering their infrequent use and recurrent repair costs. The report further reveals that direct-to-customer brand outlets will be a lucrative distribution channel in the global women’s bicycles market, revenues from which are poised to reach US$ 1.87 Bn through 2022.

Competition Tracking

The report has also observed that companies such as Samchuly Bicycle Co., Ltd., Tandem Group plc, Merida Industry Co. Ltd., Dorel Industries Inc., Accell Group N.V., Tube Investments of India Limited, Trek Bicycle Corporation, Atlas Cycles (Haryana) Limited, and Giant Manufacturing Co., Ltd, will remain active in expansion of global women’s bicycle market through 2022.

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