#Bicycle Market Segmentation

[hritika1]

Indian Bicycle Market Analysis and Overview

The dynamic Indian Bicycle market with insights on size and share, highlighting trends shaping the industry's growth and consumer preferences.

[jaysnsahu]

Gravel Road Bikes Market to Hit USD 1,141 Million by 2032

The global Gravel Road Bikes Market was valued at USD 930 million in 2023, and it is expected to grow to USD 1,141 million by 2032, as projected by MarketsGlob. This represents a compound annual growth rate (CAGR) of 2.30% from 2024 to 2032. The increasing demand for gravel bikes is being driven by rising fitness trends, adventure cycling, and the growing preference for eco-friendly transportation solutions.

What is a Gravel Road Bike?

A gravel road bike is a type of bicycle designed to perform well on mixed surfaces, such as gravel paths, dirt roads, and traditional paved roads. These bikes typically feature wider tires for better grip and stability, a more relaxed geometry for comfort over long rides, and durable frames made from materials like steel, aluminum, carbon, or titanium. Gravel bikes are favored for their versatility, allowing riders to switch between on-road and off-road cycling with ease, making them ideal for adventure cyclists, commuters, and long-distance riders alike.

Key Players Driving the Market

Several key players contribute significantly to the growth and development of the Gravel Road Bikes Market. These companies are recognized for their innovative products, market influence, and dedication to meeting the needs of cyclists worldwide. Some of the major players include:

Specialized Bicycle Components

Trek

Giant

Cervelo

Cannondale

Vitus Bikes

Merida Bikes

Fuji Bikes

Cube Bikes

Santa Cruz Bicycles

SCOTT Sports

Liv Cycling

Salsa Cycles

Bianchi

Diamondback Bicycles

GT Bicycles

Lauf Cycles

Ribble Cycles

(Note: This list is not final. Please request a sample report for the latest information on key market players.)

Market Segmentation

The Gravel Road Bikes Market is segmented into different product types, applications, sales channels, and regions. This segmentation provides a comprehensive view of the market and helps understand various consumer needs.

Product Types Analysis

Steel Gravel Bikes

Aluminum Gravel Bikes

Carbon Gravel Bikes

Titanium Gravel Bikes

Applications Analysis

Men

Women

Kids

(Note: This segmentation is not exhaustive. We can further customize the data based on your specific requirements. Request a sample report for deeper insights.)

Sales Channel Analysis

Direct Channel

Distribution Channel

Regional Insights

The Gravel Road Bikes Market is segmented into key regions, providing insights into geographic demand and market trends:

North America (United States, Canada, Mexico)

Europe (Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific)

South America (Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America)

Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa)

As the global demand for adventure and fitness-oriented cycling continues to rise, the Gravel Road Bikes Market is set to expand steadily. With a projected market value of USD 1,141 million by 2032, key players and innovative products will continue to drive this growth. For customized insights and further details, it is recommended to request a sample report. In-Detail Scope of Research: https://marketsglob.com/report/gravel-road-bikes-market/9425/

[market-insider]

How Changing Consumer Preferences Driving Bicycle Market Expansion

The global bicycle market size is estimated to reach USD 135.02 billion by 2030, expanding at a CAGR of 9.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected to bolster the market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary option for the commute.

Bicycle Market Report Highlights

The global market is growing significantly as bike-sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations

Based on product, cargo bikes segment is also expected to emerge as the fastest-growing segment from 2025 to 2030. This high growth rate is mainly attributed to the increasing government initiatives to promote the adoption of cargo bikes for short-distance logistics within a city. In addition, the governments of several countries are offering grants and incentives to drive the adoption of e-cargo bikes

Apart from being easy to use, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are contributing to the growth of the electric technology segment

The men segment accounted for the largest revenue market share of 46.3% in 2024 as men would continue to outnumber women and kids in terms of opting for a bicycle commute. The number of men opting for bicycle commutation was higher than that of women and kids in 2024

Asia Pacific dominated the market in 2024 with a revenue share exceeding 34.4%. Governments in Asian nations, particularly Japan, China, and Singapore, among others, are investing aggressively in establishing the infrastructure necessary to encourage and support bicycle commutation

Leading market incumbents are Accell Group; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd.; and Trek Bicycle Corporation. They dominated the market in 2024 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions

For More Details or Sample Copy please visit link @: Bicycle Market Report

Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in the near future. Moreover, consumers are rapidly moving toward online distribution channels to buy a bicycle due to several key factors, including doorstep delivery and replacement and the availability of a variety of products. Additionally, due to the outbreak of the COVID-19 pandemic, consumers are mainly focused on avoiding crowded places to prevent themselves from virus infections.

The cargo bikes product segment is expected to emerge as the fastest-growing segment over the forecast period. These happen to be the most basic bicycles that consumers prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated to bode well for the growth in demand over the forecast period. Moreover, dockless bicycle-sharing systems are expected to gain attention in the coming years as they enable users to locate and electronically unlock a nearby bicycle for rent. Produced originally in Europe, these systems are gaining acceptance, especially in Asian countries, including India and China.

List of Key Players in Bicycle Market

Accell Group

Atlas Cycles (Haryana) Ltd.

Avon Cycles Ltd.

Cervelo

Dorel Industries Inc.

Giant Bicycles

Merida Industry Co., Ltd

Specialized Bicycle Components, Inc.

SCOTT Sports SA

Trek Bicycle Corporation

Orbea

BH Bikes

Axalko Bikes

Hagen Bikes

Mammoth bikes

Egurra Bikes

We have segmented the global bicycle market based on product, technology, end use, distribution channel, and region

[industryforecastnews]

Bicycle Market Size, Share And Trends Report, 2030

Bicycle Market Growth & Trends

The global bicycle market size is estimated to reach USD 135.02 billion by 2030, expanding at a CAGR of 9.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected to bolster the market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary option for the commute.

Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in the near future. Moreover, consumers are rapidly moving toward online distribution channels to buy a bicycle due to several key factors, including doorstep delivery and replacement and the availability of a variety of products. Additionally, due to the outbreak of the COVID-19 pandemic, consumers are mainly focused on avoiding crowded places to prevent themselves from virus infections.

The cargo bikes product segment is expected to emerge as the fastest-growing segment over the forecast period. These happen to be the most basic bicycles that consumers prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated to bode well for the growth in demand over the forecast period. Moreover, dockless bicycle-sharing systems are expected to gain attention in the coming years as they enable users to locate and electronically unlock a nearby bicycle for rent. Produced originally in Europe, these systems are gaining acceptance, especially in Asian countries, including India and China.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/bicycle-market

Bicycle Market Report Highlights

The global market is growing significantly as bike-sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations

Based on product, cargo bikes segment is also expected to emerge as the fastest-growing segment from 2025 to 2030. This high growth rate is mainly attributed to the increasing government initiatives to promote the adoption of cargo bikes for short-distance logistics within a city. In addition, the governments of several countries are offering grants and incentives to drive the adoption of e-cargo bikes

Apart from being easy to use, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are contributing to the growth of the electric technology segment

The men segment accounted for the largest revenue market share of 46.3% in 2024 as men would continue to outnumber women and kids in terms of opting for a bicycle commute. The number of men opting for bicycle commutation was higher than that of women and kids in 2024

Asia Pacific dominated the market in 2024 with a revenue share exceeding 34.4%. Governments in Asian nations, particularly Japan, China, and Singapore, among others, are investing aggressively in establishing the infrastructure necessary to encourage and support bicycle commutation

Leading market incumbents are Accell Group; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd.; and Trek Bicycle Corporation. They dominated the market in 2024 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions

Bicycle Market Segmentation

Grand View Research has segmented the global bicycle market based on product, technology, end use, distribution channel, and region:

Bicycle Product Outlook (Revenue, USD Million, 2017 - 2030)

Mountain Bikes

Hybrid Bikes

Road Bikes

Cargo Bikes

Others

Bicycle Technology Outlook (Revenue, USD Million, 2017 - 2030)

Electric

Conventional

Bicycle End Use Outlook (Revenue, USD Million, 2017 - 2030)

Men

Women

Kids

Bicycle Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

Online

Offline

Bicycle Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.

Canada

Mexico

Europe

UK

Germany

France

Italy

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Middle East & Africa (MEA)

UAE

KSA

South Africa

List of Key Players in Bicycle Market

Accell Group

Atlas Cycles (Haryana) Ltd.

Avon Cycles Ltd.

Cervelo

Dorel Industries Inc.

Giant Bicycles

Merida Industry Co., Ltd

Specialized Bicycle Components, Inc.

x`x`SCOTT Sports SA

Trek Bicycle Corporation

Orbea

BH Bikes

Axalko Bikes

Hagen Bikes

Mammoth bikes

Egurra Bikes

Garri Bike

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/bicycle-market

[devotedlywingedtheorist]

Europe E-Bike Market Global Analysis, Size, Share, Growth, Trends and Forecast 2023 – 2030

The Europe e-bike market was valued at US$ 13,616.27 million in 2022 and is expected to reach US$ 47,521.18 million by 2030; it is estimated to grow at a CAGR of 16.9% from 2022 to 2030.

📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00027242

Government Support to Lower Carbon Emissions Transportation Fuels the Europe E-Bike Market Governments of countries established various incentive programs to promote e-bike and electric vehicle sales to reduce carbon footprints.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤@ https://www.businessmarketinsights.com/reports/europe-e-bike-market

Governments of several European countries offer incentive schemes to promote the use of e-bikes. The European Cyclists' Federation (ECF) offers various subsidies based on the type of e-bike purchased by target groups, including businesses, individuals, and public entities. In France, as of August 2022, residents with an annual income of US$ 14,592.40 or less receive US$ 325 discounts on purchasing e-bikes. Also, residents with an annual income of US$ 6,800 or less and those with proof of disability may receive a discount of up to US$ 435.

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Aventon Bikes

Giant Manufacturing Co Ltd

Haibike

Merida Industry Co., Ltd.

Pedego Electric Bikes

Robert Bosch GmbH

Shimano Inc

Specialized Bicycle Components, Inc.

Trek Bicycle Corp

Yamaha Motor Co Ltd

Such, rising government incentives and subsidies for the adoption of the e-bikes and to decarbonize the environment globally is driving the market growth.

Market Dynamics and Key Players:

The European e-bike market is characterized by intense competition and innovation. Leading manufacturers are focusing on developing high-quality, feature-rich e-bikes that cater to diverse consumer needs. Key market segments include:

City/Urban E-bikes: Designed for commuting and everyday use in urban environments.

Trekking/Touring E-bikes: Built for longer distances and recreational touring.

Mountain E-bikes: Designed for off-road adventures and challenging terrains.

Cargo E-bikes: Designed to carry heavier loads, used for deliveries and family transportation.

Folding E-bikes: Designed for portability and easy storage.

Germany: A Market Leader:

Germany stands out as the largest e-bike market in Europe, driven by a strong cycling culture, high consumer spending, and government support. The German government's commitment to investing in cycling infrastructure and promoting sustainable mobility has created a favorable environment for e-bike adoption. The large investments, such as the planned 1,063.8 million USD into cycling infrastructure as a part of the national climate protection program, shows the governmental support.

Regional Variations:

While Germany leads the way, other European countries are also experiencing significant e-bike market growth. The Netherlands, Denmark, and Belgium, with their well-established cycling cultures, have high e-bike penetration rates. Countries in Southern Europe, such as Italy and Spain, are also witnessing increasing e-bike adoption, driven by tourism and recreational activities.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬: Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

𝐀𝐮𝐭𝐡𝐨𝐫’𝐬 𝐁𝐢𝐨: 𝐒𝐡𝐫𝐞𝐲𝐚 𝐏𝐚𝐰𝐚𝐫 𝐒𝐞𝐧𝐢𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐄𝐱𝐩𝐞𝐫𝐭

[globalinsightblog]

🔋 Electric Two-Wheelers: Market Surge to $18.4B by 2034!

Electric Two-Wheeler Market is on a growth trajectory, projected to expand from $5.8 billion in 2024 to $18.4 billion by 2034, at a CAGR of approximately 12.2%. This dynamic market encompasses battery-powered motorcycles, scooters, and e-bikes, catering to urban commuters and eco-conscious consumers. The surge is driven by increasing environmental consciousness, technological advancements in battery technology, and supportive government policies aimed at reducing carbon emissions.

To Request Sample Report: https://www.globalinsightservices.com/request-sample/?id=GIS10588 &utm_source=SnehaPatil&utm_medium=Article

Key Growth Drivers

The market’s robust expansion is fueled by the growing demand for sustainable mobility solutions and urban congestion reduction. Electric scooters lead the market, favored for their affordability and ease of use in dense urban settings. Electric motorcycles follow as the second-highest performing sub-segment, supported by significant advancements in battery performance and smart connectivity features.

Regional Insights

Asia-Pacific dominates the market, with China and India as major contributors due to supportive government policies, high population density, and rapid urbanization. China leads in production and consumption, while India experiences accelerated growth through subsidies and tax incentives for electric vehicles.

Europe ranks second, with countries like Germany and France investing in sustainable transportation infrastructure and promoting electric mobility solutions.

North America is gaining momentum, particularly in urban areas where electric two-wheelers offer a practical alternative to traditional vehicles. The region witnesses growing demand for shared mobility and delivery services, driving market growth.

Market Segmentation

The Electric Two-Wheeler Market is segmented by:

Type: Scooter, Motorcycle, Moped, Kick Scooter, Bicycle

Product: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)

Technology: Lithium-ion Battery, Lead Acid Battery, Nickel Metal Hydride Battery, Solid State Battery

End User: Individual Consumers, Fleet Owners, Government Organizations, Corporate Clients

Solutions: Financing Solutions, Leasing Solutions, Subscription Models

Competitive Landscape

Leading players include Hero Electric, Ather Energy, and Bajaj Auto, each holding significant market shares. Hero Electric leads by expanding its product range and enhancing battery technology, while Ather Energy stands out with connected vehicle technology and premium electric scooters.

The Electric Two-Wheeler Market is poised for substantial growth as technology advances, infrastructure improves, and consumers increasingly prioritize eco-friendly mobility solutions. With innovative business models such as battery swapping and subscription services, the market presents lucrative opportunities for stakeholders.

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[rushikesh-d]

Electric Cargo Bike Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Electric Cargo Bike Market 2025 Size and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Electric Cargo Bike Market scenario, and feasibility study are the important aspects analyzed in this report.

The Electric Cargo Bike Market is experiencing robust growth driven by the expanding globally. The Electric Cargo Bike Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Electric Cargo Bike Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. Electric Cargo Bike Market Size, Share & Industry Analysis, By Product Type (Two-wheeler, Three-wheeler, Four-wheeler), By Battery Type (Lithium-ion, Lead-based, Nickel-based), By End-User (Courier and Parcel Service Providers, Service Delivery, Personal Use, Large Retail Suppliers, Waste Municipal Services, Others) And Regional Forecast 2021-2028

Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/105925

Key Strategies

Key strategies in the Electric Cargo Bike Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Electric Cargo Bike Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Electric Cargo Bike Market.

Major Electric Cargo Bike Market Manufacturers covered in the market report include:

Major players operating in the electric cargo bike market include Jiangsu Xinran E-Vehicle Co., Ltd., Rad Power Bikes LLC, Douze Factory SAS Yuba Electric Cargo Bikes, Kocass Technology Co. Ltd., Butchers & Bicycles, Cero Electric Cargo Bikes, Müller GmbH, Xtracycle, and Worksman Cycles, Riese among others.

The lower running costs and faster delivery with new technological advancements are some of the major factors driving the growth of the market. Also, the increased adoption of electric cargo bikes for personal use are expected to drive the market growth significantly. However, some of the factors such as lack of availability of adapted infrastructure and lack of repair shops and secure parking are expected to hamper the market growth.

Trends Analysis

The Electric Cargo Bike Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Electric Cargo Bike Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Electric Cargo Bike Market Solutions.

Regions Included in this Electric Cargo Bike Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Electric Cargo Bike Market.

- Changing the Electric Cargo Bike Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Electric Cargo Bike Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Electric Cargo Bike Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2025 to 2032?

► What are the key market dynamics influencing growth in the Global Electric Cargo Bike Market?

► Who are the prominent players in the Global Electric Cargo Bike Market?

► What is the consumer perspective in the Global Electric Cargo Bike Market?

► What are the key demand-side and supply-side trends in the Global Electric Cargo Bike Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Electric Cargo Bike Market?

Table Of Contents:

1 Market Overview

1.1 Electric Cargo Bike Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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[hritika1]

Indonesia Sports Equipment Market Analysis and Overview

The report provides a comprehensive analysis of the potential of the sports equipment market in Indonesia. The report covers an overview and genesis of the industry, market size in terms of transaction volume and revenue generated.

[global-research-report]

Cargo Bicycles: A Sustainable Solution for Freight and Logistics – Global Market Overview and Forecast

The global cargo bicycles market size is expected to reach USD 12,061.0 million by 2030, according to a new report by Grand View Research, Inc. Furthermore, the market is projected to advance at a significant CAGR of 22.3% from 2022 to 2030. Europe is expected to offer tremendous growth opportunities for the cargo bicycle market due to the localized presence of several bicycle manufacturers and rising awareness regarding environmentally efficient transportation.

The increasing encouragement for using non-polluting vehicles over short-distance commutes by governments fuels market growth. Moreover, consumers are shifting towards e-commerce and food delivery services, which increases logistic companies' need for more delivery partners. In September 2021, the Dublin City Council partnered with Bleeper to launch a cargo bicycle scheme, allowing local businesses to purchase e-cargo bicycles at a discounted rate. These e-cargo bicycles enable businesses to leverage a low-cost, low-risk, environment-friendly, and sustainable solution.

Electric cargo bicycles are efficient in delivering couriers when compared to vans in densely populated and urban areas. These bicycles also significantly minimize emissions and carbon footprint and are more viable than electric vans. Rising government support for low-carbon and clean air initiatives has fueled the adoption of cargo bicycles, enabling low-traffic neighborhoods (LTNs) in urban centers. During the coronavirus pandemic, the proliferation of home deliveries and online shopping activities increased significantly.

Cargo bicycles enable delivery partners to bypass traffic jams and minimize congestion on streets. In December 2021, FedEx expanded its fleet of e-cargo bicycles across the U.K. The company has included the cities of Cambridge, Edinburgh, and Glasgow in its mission of zero-emission delivery. The implementation of e-cargo bicycles in these cities is anticipated to fulfill the rising demand for deliveries in dense urban areas, reducing the environmental impacts of transportation.

Cargo Bicycles Market Report Highlights

The demand for cargo bicycles is projected to increase significantly in the coming years, owing to increasing concerns regarding sustainable transportation and rising demand for last-mile deliveries

The demand for electric cargo bicycles is rising due to the growing requirement of carrying heavy loads and commuting to places across the city by courier companies

The two-wheeled cargo bicycle segment is expected to hold the largest market share and expand at a CAGR of 22.0% from 2022 to 2030

The electric cargo bicycle segment is projected to advance at the highest CAGR during the forecast period

The market has overseen the presence of several cargo bicycle manufacturers across North America and Europe. These regions feature a well-developed infrastructure and account for a sizeable cumulative share of the global market

Cargo Bicycles Market Segmentation

Grand View Research has segmented the global cargo bicycles market on the basis of product, type, wheel size, application, and region.

Cargo Bicycles Product Outlook (Revenue, USD Million, 2017 - 2030)

Two-Wheeled

Three-Wheeled

Four-Wheeled

Cargo Bicycles Type Outlook (Revenue, USD Million, 2017 - 2030)

Electric

Non-electric

Cargo Bicycles Wheel Size Outlook (Revenue, USD Million, 2017 - 2030)

Below 20"

20"-24"

25"-28"

Above 28"

Cargo Bicycles Application Outlook (Revenue, USD Million, 2017 - 2030)

Personal

Commercial

Courier & Parcel Service

Rental/Custom Fleets

Facility Maintenance

Waste, Municipal Services

Others

Cargo Bicycles Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Middle East & Africa

List of Key Players in the Cargo Bicycles Market

Smart Urban Mobility B.V.

Xtracycle

Tern

Rad Power Bikes

Worksman Cycles

Yuba Bicycles LLC

Cycles Maximus Ltd.

Triobike A/S

Elian Cycles

Surly Bikes

Order a free sample PDF of the Cargo Bicycles Market Intelligence Study, published by Grand View Research.

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Kids Toys Market Analysis, Growth, Trends, and Forecast by 2031

The kid's toys market has always been a very vibrant and dynamic market, with a positive and consistent growth record over the years. Ever-increasing recognition of play importance by parents propels the demand for kids' toys. This blog post explores the main trends, market dynamics, and growth prospects for the kid's toys market.

Market Overview

It has a vast range of educational toys, like action figures, dolls, building blocks, games, and electronic toys. The market caters to every age in children, that is, from toddlers to teenagers. It is promoted by the following factors:

Parental Spending: As parents want the best for their children, they are willing to spend on those toys that will enlighten their minds about the entire world, boost their creativity, and help them with social skills as well.

Advantages of Technology: The incorporation of technology into toys has brought new categories and products, including such gadgets as an interactive learning tool and virtual reality experience.

Shifting Consumer Preference: Changing the interests of children demand changing the products offered by toy manufacturers.

The Kids Toys Market size is expected to reach US$ 192.49 billion by 2031 from US$ 129.18 billion in 2023. The market is expected to show a CAGR of 5.1% in 2023–2031

Key Market Trends

Educational Toys: The demand for educational toys that promote cognitive development, problem-solving skills, and STEM (Science, Technology, Engineering, and Mathematics) education has increased significantly.

Personalized Toys: With the rise of self-interest and interest-based preferences in children, personalized toys have emerged because they tend to bring kids closer to their activities of play.

Environment-friendly Toys: This environmental awareness creates a boom in the requirement for toys made of environment-friendly materials that are produced ethically.

Virtual Toys: In this category would be electronic toys such as gaming consoles and tablets with interactive learning stuff, which dominate the market, keeping the children busy with their smart play.

Experienced Toys: Bicycles, scooters, and sports equipment are the newly favored toys that encourage outdoor, active play routes to improve physical health and well-being.

Market Segments

Product Type

Building Blocks

Figurines and Dolls

Soft Toys

Puzzles and Board Games

Others

Distribution Channel

Supermarkets and Hypermarkets

Specialty Stores

Online Retail

Others

By Region

North America

Europe

Asia-Pacific

South and Central America

Middle East and Africa

Major Players

Clementoni SpA

Giochi Preziosi SpA

KIRKBI AS

Mattel Inc

Hasbro Inc

Goliath Games LLC

Atlas Games

Giochi Preziosi SpA

Bella Luna Toys

TOMY Company Ltd

Market Conditions

Competition: The kid's toys market is highly fragmented, but many small and medium-sized players are still operating globally. Among the various key market players, are Mattel, Hasbro, LEGO, and MGA Entertainment.

Distribution Channels: Toys are sold through several channels, including brick-and-mortar stores, online retailers, and specialty toy stores. E-commerce has played a greater role in increasing the market reach.

Regulatory Environment: Diverse government systems worldwide have implemented laws to address toy safety and quality so that all products offered are appropriate and meet the specific standards to protect children.

Growth Prospects

More directly, the development prospects for the kid's toys market around the globe will be driven by higher disposable income, increased urbanization, and the growing recognition of early childhood education. However, there are key prospects also in emerging markets, especially in Asia-Pacific.

Conclusion

Kids' toys constitute a fast-growing, dynamic, and changing market with immense growth potential. Strong demand is expected for innovative and engrossing products, as parents now focus on the development of their children and require fun but instructional toys. The insight into these main trends, market dynamics, and prospects for growth will help businesses position themselves effectively in such a successful industry. Frequently Asked Questions-

What is the size of the market for kids' toys?

Ans- The market size for kids' toys stood at US$ 192.49 billion in 2031 and will grow at 5.1% CAGR during 2023-2031 with technological advancement.

Which region held the largest share of Kids Toys Market?

Ans- North America led the Kid's Toys Market. • What are the categories of Kids Toys market?

Ans- The Kid's Toys Market is segmented into Product Type, Distribution Channel, and region.

Which companies are considered to have a maximum number of shares in the Kids Toys market?

Ans- Clementoni SpA, Giochi Preziosi SpA, KIRKBI AS, Mattel Inc, Hasbro Inc, Goliath Games LLC, Atlas Games, Giochi Preziosi SpA, Bella Luna Toys, TOMY Company Ltd have considered holding the maximum number of shares.

What are the major drivers of the kids toys market?

Ans- Higher disposable income is one of the chief drivers of market demand, while higher and increasing importance for education and early childhood development drive the city trends.

About Us-

The Insight Partners is among the leading market research and consulting firms in the world. We take pride in delivering exclusive reports along with sophisticated strategic and tactical insights into the industry. Reports are generated through a combination of primary and secondary research, solely aimed at giving our clientele a knowledge-based insight into the market and domain. This is done to assist clients in making wiser business decisions. A holistic perspective in every study undertaken forms an integral part of our research methodology and makes the report unique and reliable.

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Who Are the Key Players in India's EV Startup Scene?

India's electric vehicle (EV) startup scene is rapidly evolving, driven by innovative companies and the country's push towards sustainable transportation. Here are some of the top EV startups in India that are making significant strides in the industry:

1. Ather Energy

Founded in 2013 by IIT alumni Tarun Mehta and Swapnil Jain, Ather Energy has become a prominent name in the Indian EV landscape. Known for its flagship electric scooters, the Ather 450X and Ather 450 Plus, the company focuses on advanced technology, seamless design, and superior performance. Ather Energy's fast-charging network, Ather Grid, is expanding rapidly across Indian cities, making it a favorite among urban commuters.

2. Revolt Motors

Revolt Motors, launched in 2019, offers India's first AI-enabled electric motorcycles. The RV400 and RV300 models are gaining popularity among eco-conscious riders. Revolt's subscription-based model covers everything from the cost of the bike to maintenance and insurance, making it an attractive option for young consumers.

3. Ola Electric

Ola Electric is revolutionizing India's electric two-wheeler segment. With a focus on affordable, sustainable mobility solutions, Ola Electric has expanded its distribution network to 4,000 stores nationwide. The company's #HyperService initiative aims to enhance after-sales support and drive EV adoption, especially in rural areas.

4. Revfin

Revfin, an EV financing startup from New Delhi, has been transforming India's EV scene since 2018. By offering loans for commercial electric vehicles, Revfin targets individuals without strong credit histories. The company has provided over INR 1,000 crores in loans, reaching more than 75,000 customers across 24 states.

5. ElectricPe

ElectricPe addresses one of the key challenges of EV adoption—charging accessibility. Founded in 2021, the startup aims to build a robust network of charging stations across the country. Their smart charging solutions optimize energy consumption and reduce costs, making EV ownership more convenient.

6. Altigreen Propulsion Labs

Altigreen provides commercial two-, three-, and four-wheeler electric vehicles for last-mile transportation. With 26 international patents and a presence in 60 countries, Altigreen is a key player in the EV ecosystem.

7. Euler Motors

Euler Motors focuses on commercial use cases for electric vehicles. The company aims to provide sustainable mobility solutions for businesses and the general public.

8. BLUSmart

BLUSmart offers electric ride-hailing mobility services through its mobile-based app. Partnering with Mahindra & Mahindra, BLUSmart has expanded its services to intercity routes and airports.

9. Yulu

Yulu provides electric bicycles and scooters for short-distance travel in urban areas. The startup aims to reduce traffic congestion and pollution by promoting eco-friendly transportation options.

10. Ultraviolette Automotive

Ultraviolette Automotive is known for its high-performance electric motorcycles. The company focuses on delivering thrilling riding experiences while promoting sustainable mobility.

These EV Startups are not only contributing to India's green transition but also paving the way for a more sustainable future. As the EV market continues to grow, these key players will play a crucial role in shaping the industry and driving innovation. Read more EV News, visit our website https://humansofev.info