INDUSTRY INSIGHT
WHAT IS THE SIZE OF THE CYCLE INDUSTRY
There are no clear data on the size and reach of the Cycle industry as there are no datasets globally available. But existing studies indicate the number of cycles that may be on the road is in the range of between 1 to 2 billion or roughly one sixth of the population have access to their wheels. According to one estimate The global bicycle market size was valued at USD 47.51 billion in 2017 and it is projected to reach US $ 75 billion by 2025 growing at around an estimated 6.1% . The increase in number of people opting for bicycling as a form of leisure is anticipated to propel the growth.
After China & Taiwan India is the world's largest manufacturer of cycles selling over 16.5 million units, valued at around around $ 800 million. Volume to value terms the the results are low considering that the country operates mostly at the lower end of the spectrum with cycles being sold in the range of US $ 80 to $ 150. The industry is expected to grow at 8 per cent.
WHICH ARE THE POTENTIAL GROWTH MARKETS?
WHO ARE THE LEADERS IN THE CYCLES GLOBALLY?
WHO ARE INDIAN BRAND LEADERS?
Once again, there are different leaders in different segments. Interestingly all dominant players offer a range of designs from the basic to the extreme equally matching the price ranges. The segment is dominated Hero Cycles followed by Atlas cycles which is currently under shut down. Avon, Hercules, Montra and BSA brands owned by TI cycles , La Sovereign and Firefox cycles among others.
The answer to this a bit complex as it depends on the perspective from which the data is being looked at. Majority of bikes sold in the USA are produced in Taiwan and China by just a handful of manufacturers-Giant being the largest of them all. Generally, low to mid-level bike units are manufactured in Asia whereas the high-end bikes are made in Taiwan if not in-house for a few brands.Purely from the brand perception the dominant names are Giant, the Taiwanese giant set up in 1972, Merida also a Taiwanese company, Canondale, Trek, Santa Cruz , Spcialized component,l GT, Kona all from USA, the Swiss SCOTT Sports SA, the Japanese Fuji Bike, Italian Bianchi, the German cube bike, the Indian Hero cycles, BSA, TI , the French BTwin,
Even though the industry growth rate has been confined to Western countries where the awareness about cycling and its benefits is very high, the sales is confined to premium segment while Asian Region is leading the industry growth by sheer numbers and not necessarily in value terms. India is a dominant player in the cycles both in cycle production and its use.
TI CYCLES ON AGGRESSIVE MARKET PENETRATION & BRANDING STRATEGY
The new business model has seen a 17% improvement in Return on Capital Employed (ROCE) in FY20 against 6% for the last year. ET Auto full story
Bamboo cycles demand is growing
In the Blog page of this website, there is a story on Bamboo cycles. Quite a few Indian manufacturers seem to have sprung up to meet the growing demand for the Bamboo bikes, which are seen to be environmentally friendly and functionally not very different from the normal steel or carbon fibre framed bikes. Here is a link to an informative video. The following websites may give more information:
www.bamboocycles.com
www.bamboochicycle.com
http://godrejbambusabike.com/
WORLD BIKE RELIEF
There is an interesting non-profit has been doing outstanding work for the past 15 years primarily at African countries. Bicycle has been used as an effective tool to reach out distant communities for education, health and poverty alleviation BicycleRelief
LIME E-bikes a top 100 company
TIME Magazine has included Lime on its inaugural 100 Most Influential Companies list.
“It’s an honour to be recognised by TIME Magazine, not just as a leader in our field, but as one of the most influential companies in the world,” said Wayne Ting, Lime’s CEO. (more)
Bird is to go public
The US company has announced that it would go public on the New York Stock Exchange (NYSE) through a merger with Switchback II, a special purpose acquisition company (SPAC).
This is the ‘next significant step’ on our journey to provide the world with safe, eco-friendly transportation, said a statement. Since 2017, Bird’s shared micro-EV service has grown from ten vehicles into a global fleet providing tens of millions of trips to riders in over 200 cities annually.
China Trade show is back
The 30th China International Bicycle Fair was held at Shanghai New International Expo Center, the same venue as where the event already took place between 2003 and 2014. In floorspace and number of visitors the largest bicycle show in the world was conducted between 5 to 8 May 2021.A range of bicycles, bicycle parts, battery packs, scooties and the rest was on display here
Taipei virtual cycle expo
The Taiwanese Taipei cycle show had gone virtual this year. Almost 90 per cent of the Taiwanese production of bicycles is shipped out making it world's largest manufacturer of cycles. In this youtube video GCN Tech much of the what the show had to offered has been highlighted. For specific countrywise show casing, please look up you can see the show's media list.
INDUSTRY INSIGHT
WHAT IS THE SIZE OF THE CYCLE INDUSTRY
There are no clear data on the size and reach of the Cycle industry as there are no datasets globally available. But existing studies indicate the number of cycles that may be on the road is in the range of between 1 to 2 billion or roughly one sixth of the population have access to their wheels. According to one estimate The global bicycle market size was valued at USD 47.51 billion in 2017 and it is projected to reach US $ 75 billion by 2025 growing at around an estimated 6.1% . The increase in number of people opting for bicycling as a form of leisure is anticipated to propel the growth.
After China & Taiwan India is the world's largest manufacturer of cycles selling over 16.5 million units, valued at around around $ 800 million. Volume to value terms the the results are low considering that the country operates mostly at the lower end of the spectrum with cycles being sold in the range of US $ 80 to $ 150. The industry is expected to grow at 8 per cent.
WHICH ARE THE POTENTIAL GROWTH MARKETS?
WHO ARE THE LEADERS IN THE CYCLES GLOBALLY?
WHO ARE INDIAN BRAND LEADERS?
Once again, there are different leaders in different segments. Interestingly all dominant players offer a range of designs from the basic to the extreme equally matching the price ranges. The segment is dominated Hero Cycles followed by Atlas cycles which is currently under shut down. Avon, Hercules, Montra and BSA brands owned by TI cycles , La Sovereign and Firefox cycles among others.
The answer to this a bit complex as it depends on the perspective from which the data is being looked at. Majority of bikes sold in the USA are produced in Taiwan and China by just a handful of manufacturers-Giant being the largest of them all. Generally, low to mid-level bike units are manufactured in Asia whereas the high-end bikes are made in Taiwan if not in-house for a few brands.Purely from the brand perception the dominant names are Giant, the Taiwanese giant set up in 1972, Merida also a Taiwanese company, Canondale, Trek, Santa Cruz , Spcialized component,l GT, Kona all from USA, the Swiss SCOTT Sports SA, the Japanese Fuji Bike, Italian Bianchi, the German cube bike, the Indian Hero cycles, BSA, TI , the French BTwin,
Even though the industry growth rate has been confined to Western countries where the awareness about cycling and its benefits is very high, the sales is confined to premium segment while Asian Region is leading the industry growth by sheer numbers and not necessarily in value terms. India is a dominant player in the cycles both in cycle production and its use.
TI CYCLES ON AGGRESSIVE MARKET PENETRATION & BRANDING STRATEGY
The new business model has seen a 17% improvement in Return on Capital Employed (ROCE) in FY20 against 6% for the last year. ET Auto full story
Bamboo cycles demand is growing
In the Blog page of this website, there is a story on Bamboo cycles. Quite a few Indian manufacturers seem to have sprung up to meet the growing demand for the Bamboo bikes, which are seen to be environmentally friendly and functionally not very different from the normal steel or carbon fibre framed bikes. Here is a link to an informative video. The following websites may give more information:
www.bamboocycles.com
www.bamboochicycle.com
http://godrejbambusabike.com/
WORLD BIKE RELIEF
There is an interesting non-profit has been doing outstanding work for the past 15 years primarily at African countries. Bicycle has been used as an effective tool to reach out distant communities for education, health and poverty alleviation BicycleRelief
LIME E-bikes a top 100 company
TIME Magazine has included Lime on its inaugural 100 Most Influential Companies list.
“It’s an honour to be recognised by TIME Magazine, not just as a leader in our field, but as one of the most influential companies in the world,” said Wayne Ting, Lime’s CEO. (more)
Bird is to go public
The US company has announced that it would go public on the New York Stock Exchange (NYSE) through a merger with Switchback II, a special purpose acquisition company (SPAC).
This is the ‘next significant step’ on our journey to provide the world with safe, eco-friendly transportation, said a statement. Since 2017, Bird’s shared micro-EV service has grown from ten vehicles into a global fleet providing tens of millions of trips to riders in over 200 cities annually.
China Trade show is back
The 30th China International Bicycle Fair was held at Shanghai New International Expo Center, the same venue as where the event already took place between 2003 and 2014. In floorspace and number of visitors the largest bicycle show in the world was conducted between 5 to 8 May 2021.A range of bicycles, bicycle parts, battery packs, scooties and the rest was on display here
Taipei virtual cycle expo
The Taiwanese Taipei cycle show had gone virtual this year. Almost 90 per cent of the Taiwanese production of bicycles is shipped out making it world's largest manufacturer of cycles. In this youtube video GCN Tech much of the what the show had to offered has been highlighted. For specific countrywise show casing, please look up you can see the show's media list.
2021 Bikes Of The WorldTour | Who's Riding What In Pro Cycling This Year. The 2021 UCI World Tour is a series of races that include thirty-three road cycling events throughout the 2021 cycling season. GCN Tech presents the range. Every year WorldTour teams refresh their set ups, often changing sponsors meaning they'll be running new frames, wheels, groupsets, head units, powermeters, and the like! Join Ollie and Alex as they run through all of the team bikes of the 2021 WorldTour. more details
INDUSTRY INSIGHT
WHAT IS THE SIZE OF THE CYCLE INDUSTRY
There are no clear data on the size and reach of the Cycle industry as there are no datasets globally available. But existing studies indicate the number of cycles that may be on the road is in the range of between 1 to 2 billion or roughly one sixth of the population have access to their wheels. According to one estimate The global bicycle market size was valued at USD 47.51 billion in 2017 and it is projected to reach US $ 75 billion by 2025 growing at around an estimated 6.1% . The increase in number of people opting for bicycling as a form of leisure is anticipated to propel the growth.
After China & Taiwan India is the world's largest manufacturer of cycles selling over 16.5 million units, valued at around $ 800 million. Volume to value terms the results are low considering that the country operates mostly at the lower end of the spectrum with cycles being sold in the range of US $ 80 to $ 150. The industry is expected to grow at 8 per cent.
WHICH ARE THE POTENTIAL GROWTH MARKETS?
WHO ARE THE LEADERS IN THE CYCLES GLOBALLY?
WHO ARE INDIAN BRAND LEADERS?
Once again, there are different leaders in different segments. Interestingly all dominant players offer a range of designs from the basic to the extreme equally matching the price ranges. The segment is dominated Hero Cycles followed by Atlas cycles which is currently under shut down. Avon, Hercules, Montra and BSA brands owned by TI cycles, La Sovereign and Firefox cycles among others.
The answer to this a bit complex as it depends on the perspective from which the data is being looked at. Majority of bikes sold in the USA are produced in Taiwan and China by just a handful of manufacturers-Giant being the largest of them all. Generally, low to mid-level bike units are manufactured in Asia whereas the high-end bikes are made in Taiwan if not in-house for a few brands. Purely from the brand perception the dominant names are Giant, the Taiwanese giant set up in 1972, Merida also a Taiwanese company, Canondale, Trek, Santa Cruz , Specialized component maker, IGT, Kona all from USA, the Swiss SCOTT Sports SA, the Japanese Fuji Bike, Italian Bianchi, the German cube bike, the Indian Hero cycles, BSA, TI , the French BTwin,
Even though the industry growth rate has been confined to Western countries where the awareness about cycling and its benefits is very high, the sales is confined to premium segment while Asian Region is leading the industry growth by sheer numbers and not necessarily in value terms. India is a dominant player in the cycles both in cycle production and its use.
TI CYCLES ON AGGRESSIVE MARKET PENETRATION & BRANDING STRATEGY
The new business model has seen a 17% improvement in Return on Capital Employed (ROCE) in FY20 against 6% for the last year. ET Auto full story
Bamboo cycles demand is growing
In the Blog page of this website, there is a story on Bamboo cycles. Quite a few Indian manufacturers seem to have sprung up to meet the growing demand for the Bamboo bikes, which are seen to be environmentally friendly and functionally not very different from the normal steel or carbon fibre framed bikes. Here is a link to an informative video. The following websites may give more information:
www.bamboocycles.com
www.bamboochicycle.com
http://godrejbambusabike.com/
WORLD BIKE RELIEF
There is an interesting non-profit has been doing outstanding work for the past 15 years primarily at African countries. Bicycle has been used as an effective tool to reach out distant communities for education, health and poverty alleviation BicycleRelief
LIME E-bikes a top 100 company
TIME Magazine has included Lime on its inaugural 100 Most Influential Companies list.
“It’s an honour to be recognised by TIME Magazine, not just as a leader in our field, but as one of the most influential companies in the world,” said Wayne Ting, Lime’s CEO. (more)
Bird is to go public
The US company has announced that it would go public on the New York Stock Exchange (NYSE) through a merger with Switchback II, a special purpose acquisition company (SPAC).
This is the ‘next significant step’ on our journey to provide the world with safe, eco-friendly transportation, said a statement. Since 2017, Bird’s shared micro-EV service has grown from ten vehicles into a global fleet providing tens of millions of trips to riders in over 200 cities annually.
China Trade show is back
The 30th China International Bicycle Fair was held at Shanghai New International Expo Center, the same venue as where the event already took place between 2003 and 2014. In floor space and number of visitors the largest bicycle show in the world was conducted between 5 to 8 May 2021. A range of bicycles, bicycle parts, battery packs, scooties and the rest was on display here
Taipei virtual cycle expo
The Taiwanese Taipei cycle show had gone virtual this year. Almost 90 per cent of the Taiwanese production of bicycles is shipped out making it world's largest manufacturer of cycles. In this YouTube video GCN Tech much of the what the show had to offered has been highlighted. For specific countrywise show casing, please look up you can see the show's media list.
Taipei virtual cycle expo
Complete Bicycles, Bicycle Parts, Bicycle Accessories, E-Bikes & Drive units, Cycling Services, Smart cycling devices, Overseas exhibitors and international brands, Korea Country Pavilions. More than 22 countries including India, China, France, Germany, Denmark, Portugal, Austria, Hong Kong, Israel, Italy, Japan, Korea, Netherlands, Cambodia, Taiwan, Thailand, United States participating
2021 Bikes Of The WorldTour | Who's Riding What In Pro Cycling This Year. The 2021 UCI World Tour is a series of races that include thirty-three road cycling events throughout the 2021 cycling season. GCN Tech presents the range. Every year WorldTour teams refresh their set ups, often changing sponsors meaning they'll be running new frames, wheels, group sets, head units, power meters, and the like! Join Ollie and Alex as they run through all of the team bikes of the 2021 WorldTour. more details
Nexzu Roadlark electric bicycle
Nexu road bicycle with 100km range introduced in India (msn.com)
Nexzu Mobility is transforming the EV experience for customers with their Roadlark electric bicycle that offers 100km mileage and a top speed of 25kmph
