Pneumatic Bike Market Growth and Trends
The Pneumatic bike market portrays a rising trend in its growth from 2019 to 2025 due to:
• The increasing vehicle production in the Asia Pacific region.
• The Global motor vehicle production in 2018 that counts for more than 95 million units.
It is anticipated to grow from $36.9 billion in 2017 to $51.1 billion in 2022 at a Compound annual growth rate of 6.7% during the time period of 5 years.
Some factors that increase the growth of the market would be:
• An increasing production of commercial vehicles that require new modes in the market.
• Developments in the aerospace industry.
• The significant rise in automobile production
• The subsequent increase in the demand of pneumatic bike tires in the market.
• Their important function as shock eliminators with the aid of the front and rear wheels because it has the ability to create a vivid traction on various surface types on the road thus, ensuring a safe ride.
• The urgent need for machine safety and operation enhancement.
• The aim of optimizing energy consumption to help develop the maintenance planning and increasing the product’s operational efficiency in the market.
• The rising investments in automation among industries.
• The increasing vehicle production
• rapid urbanization of new cities
• The increasing income of consumers around the globe.
Challenges:
However, the growing trend of challenges like:
• Retreading tyre bikes
• The always changing raw material prices
• Low pressure in pneumatic bike tyres can cause a massive reduction in fuel efficiency thus stiffening the tyres and restricting movement, reducing milleage of the bike compared to alternatives like valve incorporated bikes in the same market.
Tend to hinder the progress in the pneumatic bike market.
Pneumatic Bike Industry Regional Analysis
Pneumatic Bike Market Research Report Scope/Definition
For the purpose of this market research report, a pneumatic bike is defined as a bike that uses air that is pressurized as its source of fuel. A combustion engine is not the power system used in this case but rather a pressurized fluid system. Pneumatic bikes have been considered among one of the future fuels that will be used to drive vehicles. Compressed air generated in pneumatic bikes has been identified to be sufficient enough to run an automobile mechanic. Due to the high quantity, uniqueness, and environmentally friendly air properties, it is considered one of the future fuels the world could adopt. Pneumatic bikes help reduce the global warming issue and also in conserving gasoline, which is a non-renewable energy source. There are other benefits the application of pneumatic bikes provides include; reduced total running costs, the fuel used which is air is pollution-free and eco-friendly, pneumatic bikes are also light in weight and with an OK design structure.
Pneumatic Bike Market Share and Competition
Key companies operating in this industry are: Accell Group NV, Atlas Cycles (Haryana) Ltd., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., Guangdong Tandem Industries Co. Ltd., Insera Sena. PT., Merida Industry Co. Ltd., Tandem Group Plc, and Trek Bicycle Corp.
Pneumatic Bike Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Distribution Channel Analysis (Revenue, USD Million, 2022 - 2031)
• Offline
• Online
Product Analysis (Revenue, USD Million, 2022 - 2031)
• On-road and track bicycles
• Off-road bicycles
• X-road and hybrid bicycles
End-User Analysis (Revenue, USD Million, 2022 - 2031)
• Adults
• Children
Propulsion Analysis (Revenue, USD Million, 2022 - 2031)
• Manual bikes
• Motor-assisted bikes
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Pneumatic Bike Industry Companies
• Accell Group NV
• Atlas Cycles (Haryana) Ltd.
• Derby Cycle Holding GmbH
• Dorel Industries Inc.
• Giant Manufacturing Co. Ltd.
• Guangdong Tandem Industries Co. Ltd.
• Insera Sena. PT.
• Merida Industry Co. Ltd.
• Tandem Group Plc
• Trek Bicycle Corp
Available Versions of Pneumatic Bike Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
Need Report on a particular Country OR need a Tailored/Customized Research? Budget Limits/Price Discounts Query...!
Email to David Correa
david@marketdecipher.com
OR Fill the below "Sample Request FORM" with your queries in the message box.