India Bicycle Market Outlook, 2021

The report covers detailed insights of the bicycle market in India. The report covers the Indian bicycle market in a detailed segmental analysis with the value and volume analysis. The report also covers leading companies that are involved in the manufacturing and selling of various bicycles in the country. The report gives an idea on the pricing analysis of various products available in the bicycle market such as roadsters, mountain cycle, lifestyle cycle, ladies cycle, gents and kid's cycle. India bicycle market consists of domestic as well as international players. India has been witnessing a slow growth since last decade in bicycle industry. Rising disposable income, rapid urbanization and massive growth in infrastructure led to increase in the vehicular population in India which hindered the growth of bicycle market. However, the market is now showing positive growth from last two years. Rural consumers are the key end users of bicycle as in rural area bicycle is one of the most important modes of transportation for middle and low income groups. Key features of bicycle such as environment-friendly and health-friendly are driving the demand of bicycles in urban India. At present, the trend of premium bicycle is emerging in urban India and hence all the domestic players are making efforts to grab the space in this fast growing segment. According to “India Bicycle Market Outlook, 2021”, bicycle market size crossed INR 5000 crore mark in 2015. The market is now expected to grow at a healthy rate in the forecast period due to increasing adoption of premium bicycles apart from standard ones. Entry of foreign firms has become easier and thus many international bicycle companies have existence in the Indian market. This has led to immense competition between international and domestic players. The low penetration of bicycle in India attracts various global firms through serving greater opportunities for international players. The key domestic players such as Hero Cycles, TI Cycles, Avon Cycles, and Atlas are making efforts to grab the market through innovation and premiumization in bicycles. However, Indian bicycle industry is also facing some serious challenges in terms of meeting the domestic demand and staying competitive globally as domestic players are getting tough competition from Chinese players. Though being a second largest cycle manufacturing country, India has a very low penetration of bicycles as compared to other countries. “India Bicycle Market Outlook, 2021” discusses the following aspects of bicycles in India: The report gives an in-depth understanding of bicycle market in India: - Global Bicycle Market Outlook - Global Bicycle Market Size By Value & Forecast - Global Bicycle Market Size By Volume & Forecast - Global Bicycle Market Segmental Analysis: By Region, By Country - India Bicycle Market Outlook - India Bicycle Market Size By Value & Forecast - India Bicycle Market Size By Volume & Forecast - India Bicycle Market Segmental Analysis: By Company, By Brand, By Segment - India Premium Bicycle Market Size By Value & Forecast - India Premium Bicycle Market Size By Volume & Forecast - India Premium Bicycle Market Segmental Analysis: By Company - Pricing Analysis - The key vendors in this market space - Competitive Landscape & Strategic Recommendations This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of bicycle in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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