Lewes, DE -- (SBWIRE) -- 01/22/2016 -- Report forecast the global sports bicycle market to grow at a CAGR of 6.23% during the period 2016-2020.

Sports bicycles are made to be fast and easy to handle on mountainous, rocky terrain as well as on smooth surfaces such as roads. They use advanced technologies, high-quality gears and brakes, and, in the case of mountain bikes, wider tires than those used in road bicycles. Apart from being used for sports activities, these bicycles can also be used for regular commuting.

The report covers the present scenario and the growth prospects of the global sports bicycle market for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of sports bicycles.

The market is divided into the following segments based on product:
- Mountain bicycles
- Cyclo-cross bicycles
- Road racing bicycles
- Track bicycles

According to the report, with the rise in fuel prices, the demand for battery-powered sports bicycles and mountain sports bicycles has increased. Sports bicycles are equipped with gears, which help manage speeds better and make them easier to drive through mountain areas, overpasses, and rough roads.

Further, the report states that increasing raw material prices are anticipated to result in a hike in the cost of sports bicycles, which can be a major threat to the growth of the market during the forecast period.

Global Sports Bicycle Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Sports Bicycle Market: SCOTT, Schwinn, Kestrel Bicycles and Jamis Bicycles

Other Prominent Vendors in the market are: Atlas, Bianchi Bicycle, Giant Bicycle, G T Bicycles, Hero Cycles, Jenson USA, K2 Sports, Raleigh Bicycles, Redline Bicycles, Seven Cycles, and Trek Cycles.

Market driver
- Popularity of bicycle rental programs
- For a full, detailed list, view our report

Market challenge
- Rise in prices of raw materials
- For a full, detailed list, view our report

Market trend
- Development of innovative products
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages and 26 Exhibit "Global Sports Bicycle Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by distribution, Market segmentation by product, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.

Find more information Visit at: http://www.marketresearchreports.com/technavio/global-sports-bicycle-market-2016-2020

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