Global Hybrid Bicycles Market Overview
Hybrid bicycles provides more comfort to the consumers. Nowadays, hybrid bicycles are known as the workhorse of bicycles, and due to its extremely versatile properties, it has gained a high momentum in the recent years in the market.
The global market size for hybrid bicycles is estimated to be more than US$ 17 Bn in 2018 and is projected to witness a single digit growth rate during the forecast period from 2018 to 2028.
The market is expected to create a sizeable incremental opportunity for manufacturers in upcoming years owing to the rising demand for low weight bicycles with a proper vision of far distances and push for electric bikes (e-bikes) for mountain riding.
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Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
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Global Hybrid Bicycles Market Key Players
Prominent players are focused in United States, Japan and European countries. However, the increasing manufacturing facilities in China has witnessed a significant growth for the hybrid bicycles market.
Some of the key players operating in the global hybrid bicycles market are Shimano Inc., Trek Bicycle Corporation, Giant Bicycle, Inc., Boardman Bikes Ltd and other prominent players.
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- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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