Lewes, DE -- (SBWIRE) -- 07/31/2018 -- Bicycle market will register a 5.0% CAGR in terms of revenue, reach US$ 37700 million by 2023, from US$ 28200 million in 2017.

Bicycle, often called a bike or cycle, is a non-automatic vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle like seat.

Bicycle is principal means of transportation, it also provide a popular form of recreation, and have been adapted for use as children's toys, general fitness, courier services, and bicycle racing. Due to the straightforward production technology as well as low cost and price, bicycle industry gets a fast development in recent years. The production of bicycles is concentrated in the China, USA, Europe and India. Giant Bicycles, Hero Cycles, TI Cycles, Trek, Shanghai Phonex, Atlas, Flying Pigeon famed for their bicycle production, are among the major bicycle producers in the world.

Global sales of bicycles will increase to 132214 K Units in 2016 from 118969 K Units in 2012. It is predicted that the global bicycle demand will develop with an average growth rate of 1.39% in the coming five years.
Currently, most of bicycles produced in China are exported to other countries, such as USA and West Europe. Moreover, Chinese producers also are the major OEMs for the foreign famous brands. According to the research, Giant provides OEM service to Trek, based in Taiwan and China Mainland.

Over the next five years,study projects that Bicycle will register a 5.0% CAGR in terms of revenue, reach US$ 37700 million by 2023, from US$ 28200 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Giant Bicycles
Hero Cycles
TI Cycles
Trek
Shanghai Phonex
Atlas
Flying Pigeon
Merida
Xidesheng Bicycle
OMYO
Emmelle
Avon Cycles
Tianjin Battle
Cannondale
Libahuang
Specialized
Trinx Bikes
DAHON
Cycoo
Bridgestone Cycle
Laux (Tianjin)
Samchuly Bicycle
Cube
Pacific Cycles
Derby Cycle
Grimaldi Industri
Gazelle
KHS
Forever
Scott Sports
Fuji Bikes
Pashley Cycles
Accell Group
Huffy
LOOKC

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
20 Inch
24 Inch
26 Inch
27 Inch
Others

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Transportation Tools
Recreation
Racing
Physical Training
Others

Spanning over 167 pages "Forecast of Global Bicycle Market 2023" report covers Bicycle Market Overview, Global Bicycle Sales, Revenue (Value) and Market Share by Players, Global Bicycle Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Bicycle Sales, Revenue and Price, Europe Top 5 Players Bicycle Sales, Revenue and Price, Asia-Pacific Top 5 Players Bicycle Sales, Revenue and Price, South America Top 5 Players Bicycle Sales, Revenue and Price, Middle East & Africa Top 5 Players Bicycle Sales, Revenue and Price, Global Bicycle Players Profiles/Analysis, Global Bicycle Market Forecast (2018-2023), Bicycle Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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