India is among
the largest manufacturers of bicycles in the world. Rising from government
initiatives, increasing health consciousness among all age groups, and booming
demand for kids bicycles propelled growth in India bicycle market during
2011-2015. Various state
governments are focusing on the launch of bicycle distribution programs for
school children and is anticipated to emerge as one of the major factors
propelling demand for bicycles in the country in the coming years.
Additionally, rising number of cycling events and emergence of cycling clubs is
projected to augment demand for geared and sports bicycles across the country
in the coming years. Consequently, various international bicycle manufacturers such
as Bianchi, Giant, Cannondale, Mongoose, etc., have entered India bicycle
market through their collaboration with Indian companies.
According to the
TechSci Research report, “India Bicycle
Market By Type, By Geared Vs Gearless, By Rim Size, Competition Forecast and
Opportunities, 2011 - 2021’’, bicycle market in India is projected to grow
at a CAGR of over 11% during 2016-2021, on account of rising population base in
the country. Roadster bicycle segment dominated India bicycle market in 2015,
and the segment is anticipated to continue dominating the market through 2021.
Growing demand for roadster bicycles in India can be attributed to
implementation of bicycle distribution programs by various state governments
and expanding rural population base. Few of the leading players operating in
India bicycle market include Hero, TI Cycles, Atlas and Avon, among others. “India
Bicycle Market By Type, By Geared Vs Gearless, By Rim Size, Competition Forecast
and Opportunities, 2011 - 2021” report elaborates following aspects of bicycle market
expansion in India:
- India Bicycle Market Size, Share & Forecast
- Segmental Analysis – By Type (Roadster, Sports and
Kids), By Geared Vs Gearless, By Rim Size (26 Inch, 20 Inch, 28 Inch, 24
Inch, 18 Inch, 16 Inch, 29 Inch, 14 Inch, 12 Inch, 27.5 Inch and Others)
- Policy & Regulatory Landscape
- Competitive Landscape and Strategic Recommendations
Why You Should Buy
This Report?
- To gain an in-depth understanding of bicycle market of
India
- To identify the on-going trends and segment wise
anticipated growth in the coming years
- To help industry consultants, bicycle manufacturers
and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add
weight to presentations and marketing materials.
- To gain competitive knowledge of leading players
- To avail 10% customization in the report without any
extra charges and get research data or trends added in the report as per
the buyer’s specific needs
Report Methodology
The information contained in
this report is based on both primary and secondary sources. Primary research
included interviews with bicycle
manufacturers, distributors, retailers and industry experts.
Secondary research included an exhaustive search of relevant publications like
company annual reports, financial reports and proprietary databases.