Global & Chinese Bicycle Market Analysed & Forecast in New Research Report by ASKCI Consulting Now Available at MarketPublishers.com20 Sep 2017 • by Natalie Aster
LONDON – As of 2014, the global bicycle retailing reached EUR 38.3 billion. In the same year, the sales volume of bicycles reached 135 million, demonstrating a 2.1% y-o-y growth. The popularity of bicycles has gained traction during the past several years encouraged by a wide acceptance of green and healthy lifestyles and rising demand for low carbon and green transport, to name a few factors.
The healthy lifestyles trend has also come to China; high end bicycles are becoming more and more popular in the country especially amid high-income population. The Chinese high end bicycle market is rather attractive for international manufacturers. Furthermore, China is emerging as one of the biggest professional sport bicycle markets.
In 2014, China was an absolute global leader on account of the production and export volumes of bicycles. Changes in the global economy along with domestic market adjustment had a significant impact on the country’s bicycle market. As of 2014, the country’s production volume of two wheels pedal bicycles amounted to slightly above 62 million, demonstrating 3.1% y-o-y increase; while production volume of electric bicycles was over 29 million, registering 14.9% y-o-y growth.
Insightful research report by ASKCI Consulting, titled “Development and Market of the Chinese and the Global Bicycle Industry 2015-2020”, offers a great insightful analysis of the global bicycle market, with a special focus on the Chinese marketplace. It examines the development of the Chinese market from 2012 till 2015, covers the key regulative policies, reviews the key bicycle manufacturers in China and at the global scale. Moreover, developmental environment, current situation, industry chains, main sales channels and market structure are examined in this topical research report. Furthermore, the research publication explores the market dynamics, covers the major growth drivers, challenges, opportunities and restraints. Granular future forecasts for the market development and a look at possible future trends up till 2020 are also available in this comprehensive report.
To find a full list of research reports by ASKCI Consulting, please visit its page at MarketPublishers.com.