Global Road Bikes Market Outlook 2022

Road Bikes is used to describe bicycles built for traveling at speed on paved roads. Some sources use the term to mean racing bicycle. Other sources specifically exclude racing bicycles from the definition, using the term to mean a bicycle of a similar style but built more for endurance and less the fast bursts of speed desired in a racing bicycle; as such, they usually have more gear combinations and fewer hi-tech racing features.
Global road bikes key players include Giant, Trek, Merida, Hero Cycles, etc. Global top four manufacturers hold a share over 35%.
Europe is the largest market, with a share over 30%, followed by Asia-Pacific, and North America, both have a share over 50 percent.
In terms of product, aluminum road bike is the largest segment, with a share over 70%. And in terms of application, the largest application is transportation Tools, followed by racing.

Market Analysis and Insights: Global Road Bikes Market
The global Road Bikes market was valued at US$ 3763.4 million in 2020 and it is expected to reach US$ 4502.2 million by the end of 2027, growing at a CAGR of 1.2% during 2021-2027.

Global Road Bikes Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Road Bikes Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Aluminum Road Bike
Carbon Fiber Road Bike
Others

Segment by Application
Transportation Tools
Racing

By Company
Giant
Trek
Merida
Scott Sports
Accell Group
Fuji Bikes
Specialized
Dorel Industries
Cube
Grimaldi Industri
Derby Cycle
Hero Cycles
Look Cycle
Xidesheng Bicycle
Shanghai Phoenix
KHS
Trinx Bikes
Atlas Cycles
Laux Bike
Cannondale
Hero Cycles
LOOK

Production by Region
United States
Europe
China
India
China Taiwan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE