Global Bicycle Suspension market holds the potential to reach USD XX Mn. by 2027. The report has covered, demand drivers by region, pricing by region, and profit margins of key players operating in this industry. A brief analysis of restraints and challenges in the market is also covered with the examples by region. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.
The main function of a Bicycle Suspension System is to suspend the rider and bicycle to insulate them from the roughness of the ground. Different types of suspension mounted on the bicycle are front-wheel suspension, rear-wheel suspension, saddle suspension, and bar suspension. Bicycle suspension is mainly used on mountain bikes.
Growing use of bicycle between different age group is driving the market.
Growing health concern and changing lifestyle of the populace is driving the bicycle suspension market. Cycling is the seventh most popular activity in the US, growing heart diseases in different age group and increasing obesity are the major reasons for growth in cycling. Growing awareness of cycling sport among the youngsters is also driving the market growth. The increasing demand of safe and comfortable bicycles is expected to accelerate the growth of the bicycle suspension market. The use of bicycles for mobility in short distance travel is the supporting factor for the market. Government initiation to promote the use of bicycles and events organized by the bicycle manufacturers to promote their product is increasing awareness of the bicycles. The growing popularity of electric bicycles is also expected to drive market growth. Stringent norms and regulations from the government across the world to reduce the carbon emission from traditional automotive will boost the demand of the market during the forecast period. The affordable cost of bicycles with good performing suspension system will boost the market during the forecast period. The growing mountain biking tourism industry is anticipated to drive the market.
Declining use of bicycles for mobility is expected to hinder the market growth.
The growing use of automotive for mobility instead of a bicycle is the main restraint of the bicycle suspension system market during the forecast period.
Increasing awareness and promotion of electric bicycles through advertising and events is anticipated to create new opportunities.
Manufacturers are organizing events to promote their products and increasing awareness of electric bicycles will create new opportunities for the market. The development of bicycle suspension systems for better comfort and safety is also expected to create new possibilities for the global bicycle suspension market.
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Scope of Global Bicycle Suspension Market
Global Bicycle Suspension Market, by distribution channel
Global Bicycle Suspension Market
Online segment is expected to command largest market share of XX% by 2027
The growing e-commerce sector is expected to generate excellent opportunities for the manufacturers to promote new bicycles with advanced suspension system and to sell them at a reasonable price. In addition to this, almost all the manufacturers have an online presence or a website where they can display or sell their products. Some companies outsource their product to other online sellers, including Amazon.in, Alibaba.com, Walmart, and others. These websites are expected to propel bicycle sales which is anticipated to boost the bicycle suspension market during the forecast period.
Global Bicycle Suspension Market, by application.
Global Bicycle Suspension Market1
Sport segment is expected to command largest market share of XX% by 2027
The growing popularity of cycling sports, including mountain biking, cycling, racing, and others is driving the market during the forecast period. The use of cycles for sport adventure and fitness is a growing trend in the market. These sports require bicycles with a high-performance suspension system. The commuting segment is also expected to experience significant growth during the forecast period. The increasing focus of government towards the emission control is expected to increase the demand of bicycles in the commuting segment this further accelerates the market growth. The use of bicycles in a commercial application for the transport of goods in urban regions is anticipated to propel the market growth.
Global Bicycle Suspension Market, By Region.
• North America
• Middle East& Africa
• South America
APAC is expected to command largest market share of XX% by 2027
The bicycle suspension market in Asia pacific was dominant in 2019 and is expected to maintain its position during the forecast period. The key players operating in this market are investing more in promotion. This has created many lucrative opportunities in countries like India, South Korea, Japan, China, and Singapore. The manufacturers are coming up with advanced bicycle suspension products and are focusing on e-commerce platforms for promoting the bicycle market this has made a positive impact on the market growth. In addition to this, they are also constructing the necessary infrastructure for bicycle commuting which will propel the market growth during the forecast period. Low accident rates in Asian cities such as Tokyo are perfect cities for urban cycling, the growing use of bicycles in this region is expected to boost the bicycle suspension market over the forecast period.
North America and Europe are also anticipated to experience significant growth during the forecast period, thanks to the increasing cycling events in the region. The growing popularity of e-bicycles among the populace is expected to drive the demand of the market over the forecast period. Government initiative to promote eco-friendly mobility has created a positive influence on the bicycle suspension market. Metropolitan cities like New York, Chicago, and Minneapolis have experienced huge growth in the use of bicycles, this is a supporting factor for the bicycle suspension market.
Global Bicycle Suspension Market2
Covid-19 Impact on the Global Bicycle Suspension Market:
• The coronavirus pandemic has placed tremendous pressure on businesses and sectors across the globe. Governments from all countries have introduced a lock-up to detect the transmission of infectious diseases. The contribution of these regulations has createda negative impact on manufacturing industry.
• The coronavirus adversely impacted the bicycle market. The interruption of export and import operations due to limitations on foreign flights would further restrict the market’s development. The disruption caused by the lockdown would harm the market. Most of the industries are not functioning properly due to the influence of Covid-19 which has caused an adverse impact on the Global Bicycle Suspension Market.
The objective of the report is to present a comprehensive analysis of the Global Bicycle Suspension Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Bicycle Suspension Market dynamics, structure by analyzing the market segments and projects the Global Bicycle Suspension Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Bicycle Suspension Market make the report investor’s guide.
Global Bicycle Suspension Market Key Players.
• Fox (US)
• Rock Shox
• SR Suntour
• Fu Luong
• White Brothers
Bicycle Suspension Market, By Distribution Channel
Bicycle Suspension Market, By Application
• Other applications
Bicycle Suspension Market, By Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Key players operating in Bicycle Suspension Market
• Fox (US)
• Rock Shox
• SR Suntour
• Fu Luong
• White Brothers
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