Hybrid Bicycles Market Size - By Technology, By Product, By Application, By End User, & Forecast, 2024

Description

Global Hybrid Bicycles Market size will grow at a 6.5% CAGR from 2024 to 2032, driven by technological advancements in bike design and the burgeoning health consciousness among consumers. As people increasingly prioritize sustainable and active lifestyles, hybrid bikes offer versatile solutions for commuting and recreational purposes. With innovations such as lightweight frames, ergonomic designs, and advanced gear systems, hybrid bicycles cater to the evolving needs of health-conscious individuals. This trend, coupled with growing environmental awareness, fosters a favorable market environment, driving the size of the hybrid bicycles industry.

For instance, in June 2022, Ninety-One Cycles introduced the latest Black Arrow 700cc electric bicycle, featuring a hybrid fork for shock absorption, a 7-speed EZ fire rear shifter, and a Shimano 7-speed gear set. The 91 Black Arrow electric cycle boasts a tig-welded frame that's notably lightweight, alongside 160 mm disc brakes and high-traction Nylon tires for rider safety.

The hybrid bicycles market is classified based on maintenance product, application, and region.

The commuter bicycles segment will garner significant gains by 2032, fueled by the growing demand for eco-friendly and efficient urban transportation solutions. With cities increasingly prioritizing sustainability and congestion reduction, hybrid commuter bicycles offer a practical and versatile mode of travel. Features like lightweight frames, ergonomic designs, and integrated accessories cater to commuters' specific needs. As more individuals opt for active and environmentally conscious lifestyles, the commuter bicycles segment will emerge as the preferred choice for navigating urban environments.

The hybrid bicycles industry from the fitness and exercise segment will witness a substantial upswing by 2032, propelled by several compelling factors. With increasing health consciousness and a growing trend towards active lifestyles, hybrid bicycles offer a versatile solution for both commuting and fitness activities. Moreover, advancements in hybrid bike technology, including lightweight frames and versatile gearing systems, cater to the specific needs of fitness enthusiasts. As consumers prioritize health and well-being, the fitness and exercise segment will stand as a central force in driving market growth.

North America hybrid bicycles market will register a remarkable CAGR from 2024 to 2032, owing to factors such as increasing urbanization, a rising trend towards eco-friendly transportation, and robust consumer spending power. Additionally, the region boasts a well-established cycling culture and extensive biking infrastructure, further fueling market growth. With its favorable market conditions and technological advancements, North America will emerge as a significant contributor to the hybrid bicycles market expansion.

Product Code: 7944

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material supplier
- 3.2.2 Component supplier
- 3.2.3 Manufacturers
- 3.2.4 Battery and electric system suppliers
- 3.2.5 Distributors
- 3.2.6 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing awareness of health and fitness among people
  - 3.8.1.2 Growing innovations in materials, gears, and electronics
  - 3.8.1.3 Rising demand for eco-friendly transportation solutions
  - 3.8.1.4 Supportive government policies
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Higher initial costs of hybrid bicycles
  - 3.8.2.2 Inadequate cycling infrastructure
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Technology, 2018-2032 ($Bn, Units)

5.1 Key trends
5.2 Electric
5.3 Traditional

Chapter 6 Market Estimates & Forecast, By Product, 2018-2032 ($Bn, Units)

6.1 Key trends
6.2 Fitness
6.3 Commuter
6.4 Adventure
6.5 Comfort

Chapter 7 Market Estimates & Forecast, By Application, 2018-2032 ($Bn, Units)

7.1 Key trends
7.2 Urban commuting
7.3 Recreational riding
7.4 Fitness and exercise
7.5 Adventure and off-road riding

Chapter 8 Market Estimates & Forecast, By End-User, 2018-2032 ($Bn, Units)

8.1 Key trends
8.2 Men
8.3 Women
8.4 Kids

Chapter 9 Market Estimates & Forecast, By Region, 2018-2032 ($Bn, Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Netherlands
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Avon Cycles Limited
10.2 Bianchi Bicycles
10.3 BMC Group Holding AG
10.4 Boardman Bikes Ltd.
10.5 Cannondale Bicycle Corporation
10.6 Cube Bikes
10.7 Diamondback
10.8 Firefox Bikes
10.9 Fuji Bike Worldwide
10.10 Ghost Bikes
10.11 Giant Bicycles Inc.
10.12 Jamis Bikes
10.13 Kona Bikes
10.14 Marin Bikes
10.15 Merida Industry Co., Ltd.
10.16 Orbea Bicycles
10.17 Raleigh America
10.18 Scott Sports SA
10.19 Specialized Bicycle Components Inc.
10.20 Trek Bicycle Corporation

Hybrid Bicycles Market Size - By Technology, By Product, By Application, By End User, & Forecast, 2024 - 2032