Two-Rider Bicycle Market Registers Growth With Rising Environmental Concerns
Increasing support of internet of things fuels the growth of
the Global Two-Rider Bicycle Market.
According
to TechSci Research report, “Two-Rider Bicycle Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”. Global
two-rider bicycle market is anticipated to hold an impressive CAGR for the
future growth during the forecast years, on the account of growing demand for
eco-friendly commuting vehicles. Growing concerns regarding depletion of
environment also facilitates the growth of the global two-rider bicycle market
in the upcoming five years. Factors like rapid urbanization, expanding
automotive industry, growing vehicle fleets, and various environmental issues
drive the growth of the global two-rider bicycle market in the upcoming five
years. Market growth can also be attributed to growing advancement in the
automotives that either don’t use any fuel or are considered ecological. Rising
demands for the recreational activities and concerns for the poor health also
substantiates the growth of the global two-rider bicycle market in the future
five years. Although the governments have made stringent regulations toward
consumption of fuel and exhaustive gases emitting from the automobiles, this
has led to the consumers’ inclination toward bicycles and other green
vehicles. These factors are further
aiding to the growth of the global two-rider bicycle market in the forecast
years.
Due
to the COVID-19 pandemic, the automotive industry suffered drastically.
Although various other industries were affected, automotive industry also faced
disruptions due to restricted distribution channels and lack of import and
export of the vehicles. With the relaxation in the rules and regulations, the
industry is soon anticipated to regain its composure. With the effective
precautionary steps, the products & services
are back on road and the consumers have resumed the usage, thus substantiating
the growth of the global two-rider bicycle market in the forecast period
through 2027.
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The
global two-rider bicycle market segmentation is based on propulsion,
application, distribution channel, regional distribution, and competitive
landscape. Based on propulsion, the market is differentiated between
conventional and electric. Conventional propulsion is anticipated to hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years on the ground of less repair and maintenance cost of
conventional propulsions of the bicycles as compared to electric propulsion of
the bicycles. Moreover, while the bicycle has been a convenient mode of
transport, bicycling has been emerging as a leading sporting and leisure
activity, especially in the women segment over the past few decades. Electric
propulsion may also register significant growth in the future five years due to
increasing influences of the electric vehicles in the market and rising
concerns of the population over saving the environment.
By
application, the market is fragmented into mountaineering, recreational, and
conveyance. Mountaineering applications re anticipated to hold the largest
revenue shares of the market and dominate the market segment in the upcoming
five years due to growing inclination of the younger generation toward the sports
and rising events and races related to the mountaineering. Furthermore, the
number of women and kids entering sports is increasing steadily and is likely
to influence the segment growth. The establishment of new mountain bicycling
circuits, coupled with the growing media coverage for such events, is expected
to fuel the growth of the global two-rider bicycle market in the future five
years. Based on distribution channel, the market is distinguished between
offline and online. The market analysis also studies the regional segmentation,
divided among Asia-Pacific region, North American region, European & CIS
region, South American region, and Middle East & African region.
Some
of the market players, dominating the global two-rider bicycle market are :
·
Cycling
Sports Group, Inc.
·
Co-Motion
Cycles.
·
da
Vinci Tandem
·
Kinethic
Bikes
·
Privacyverklaring
Accell Nederland BV (KOGA)
·
Santana
Cycles
·
Hase
Spezialräder (Hase Bikes)
·
Cannondale
Bicycle Corporation
·
Ritchey
International SAGL
·
Seven
Cycles, Inc.
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“North America is anticipated to hold
the largest market for the two-rider bicycle in the future years owing to the
increasing advancement in the technology and growing recreational and leisure
bicycling activities demands. The economies like the United States and Canada
with higher instances of on-road traffic are expected to support the regional
growth in the future five years. Asia Pacific region may also hold significant
growth due to rising population in the countries like India, China, South
Korea, etc. Rising disposable income among the population and their tendencies
to spend lavishly over recreational activities also facilitates the market
growth in the upcoming five years,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Two-Rider Bicycle Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Propulsion
(Conventional, Electric), By Application (Mountaineering, Recreational,
Conveyance), By Distribution Channel (Offline, Online), By Region”, has evaluated the future growth
potential of global two-rider bicycle and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in global
two-rider bicycle market.
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