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| Report Code: A12256 | Nov 2023 | Pages: NA | ||
| Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Gear Bicycle Market
Request Now !Bicycle gearing is the aspect of a bicycle drivetrain that determines the relation between the cadence, the rate at which the rider pedals, and the rate at which the drive wheel turns. On some bicycles there is only one gear and, therefore, the gear ratio is fixed, but most modern bicycles have multiple gears and thus multiple gear ratios. A shifting mechanism allows selection of the appropriate gear ratio for efficiency or comfort under the prevailing circumstances: for example, it may be comfortable to use a high gear when cycling downhill, a medium gear when cycling on a flat road, and a low gear when cycling uphill. Different gear ratios and gear ranges are appropriate for different people and styles of cycling. There are two main types of gear change mechanisms, known as derailleurs and hub gears. Both systems have advantages and disadvantages, and which is preferable depends on the particular circumstances. Derailleur mechanisms can only be used with chain drive transmissions, so bicycles with belt drive or shaft drive transmissions must either be single speed or use hub gears.
COVID-19 Impact analysis
Due to the COVID-19 pandemic, commuters are mostly avoiding public transportation. Gear bikes are considered a safe, convenient, and affordable alternative to public transportation. Also, compared to other transportation systems, gear bikes are cheaper, and do not require huge investments in supportive infrastructure. This is estimated to boost the sales of gear bikes i. However, post-2021, the market is expected to return to normalcy. The sale of gear bikes was dampened in the first quarter of 2020, as bike stores were closed due to lockdowns. However, now that the lockdown has been lifted in most countries, including China, India, Japan, the US, Italy, and France, the sale of gear bikes has increased. The number of bike buyers has also increased for the first time. According to industry experts gear bike manufacturers such as MTB, and dolan are increasingly considered an ideal transportation mode as cities emerge from the quarantine and summer approaches in the US and Europe. The demand for gear bikes would grow at a moderate rate, considering the return of safer public and private transportation systems, such as metros, buses, and cab/ride-sharing platforms.
Top Impacting Factors
The gear bicycle market trends are as follows:
Increasing number of cycling events
An increasing application base of bicycles in trekking and recreational activities, coupled with a rising number of cycling events, are expected to propel the demand for gear bicycles, in both general and sports bicycles. The increasing influence of celebrity endorsement, coupled with increasing media coverage for such events, is expected to further fuel the market growth. ​ Furthermore, there are various governing bodies in European countries, such as Cycling Ireland, which promote road racing, touring and leisure cycling, track racing, and off-road racing events. For instance, according to the Irish Sports Council, investments made by Sport Ireland toward Cycling Ireland increased from EUR 292.5 thousand in 2015 to EUR 440 thousand in 2019, which encouraged the involvement of consumers in various cycling activities in Ireland. ​ Moreover, international sport events, such as cycling championships, also encourage the involvement of consumers in cycling, in turn, driving the gear bicycle market growth.
Growing gear bicycles race trend across the globe
The demand for gear bicycle racing is tremendously increasing among people for various physical activities. Additionally, the continued shift toward more competitions is driving the demand for leisure activities such as running and cycling across the world. Moreover, the importance of sports activities for health reasons, increasing influence of celebrity endorsement, and international sports events are encouraging the involvement of consumers in various cycling activities. Therefore, these factors are expected to further drive the gear bicycle market over the forecast period.
Key benefits of the report:
Questions answered in the gear bicycle market research report:
Gear Bicycle Market Report Highlights
| Aspects | Details |
|---|---|
| By Type |
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| By Application |
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| By End User |
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| By Gear |
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| By Region |
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| Key Market Players | Cinelli, Moda Bikes, Dedacciai, R&A Cycles, Look Cycle, BikeCo LLC, BMC SWITZERLAND AG, Accell Group, Cannondale, Dolan |
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