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Premium Bicycle Market Share

Report ID: GMI6780
Published Date: Sep 2023
Report Format: PDF

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Premium Bicycle Market Share

Major companies operating in the premium bicycle market are

Accell Group
BMC Switzerland
Cannondale
Giant Bicycles
Santa Cruz Bicycles
Specialized Bicycle Components, Inc.
Trek Bicycle Corporation

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of premium bicycle reached USD 10.3 billion in 2022 and is poised to witness over 7% CAGR from 2023 to 2032, favored by the growing awareness of the health benefits of cycling.

Electric bicycles (e-bikes) are dominating the premium bicycle industry due to their exceptional blend of performance and convenience. With powerful motors and long-lasting batteries, e-bikes offer effortless rides over long distances.

Asia Pacific market accounted for over 70% revenue share in 2022, due to rising disposable incomes, increased urbanization, and growing health and environmental concerns.

Accell Group, BMC Switzerland, Cannondale, Giant Bicycles, Santa Cruz Bicycles, Specialized Bicycle Components, Inc., and Trek Bicycle Corporation.