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Global Touring Bike Market Analysis 2018-2029, by Manufacturers, Regions, Countries, Types, Applications and Forecast
Global Touring Bike Market Analysis 2018-2029, by Manufacturers, Regions, Countries, Types, Applications and Forecast

Pages: 145       Published Date: Aug 23 2023       Category: Other       Report ID: HJR937784
This report studies the Touring Bike market status and outlook of global and major regions, from angles of players, countries, product types and end industries, this report analyzes the top players in global Touring Bike industry, and splits by product type and applications/end industries. This report also includes the impact of COVID-19 on the Touring Bike industry.

The Touring Bike industry has been experiencing significant growth in recent years, with market size projected to reach US$41379.52 million by 2022, according to a report by HJResearch. This represents a compound annual growth rate of 11.17%.

Touring Bikes are versatile bicycles designed to provide comfort and stability for long-distance travel. They are equipped with features such as a sturdy frame, wide tires, and multiple gears to handle various terrains and load capacity. These bikes are commonly used for transportation purposes, racing, recreation, physical training, and other outdoor activities.

The industry's favorable growth can be attributed to several factors. Firstly, the increasing popularity of cycling as an environmentally-friendly mode of transportation has fueled the demand for Touring Bikes. As more people adopt a sustainable lifestyle, they are turning to biking as an alternative to traditional transportation methods.

Additionally, the rising interest in bike touring and adventure cycling has also contributed to the market's expansion. Touring Bikes offer the necessary comfort and durability for individuals seeking to explore new places and embark on long-distance journeys. These bikes are designed to handle rough terrains and accommodate extra luggage, making them ideal companions for adventurers.

Furthermore, advancements in technology and innovative product designs have enhanced the performance and functionality of Touring Bikes. Manufacturers are constantly introducing new features and materials to make these bikes lighter, more efficient, and more comfortable for riders.

In terms of competition, there are several global manufacturers that dominate the Touring Bike industry. Companies such as Hero Cycles, TI Cycles, Atlas, Avon Cycles, Giant Bicycles, GT, Haro, Micargi, Razor, Subrosa, Merida, Trek, Specialized Bicycle Components, Derby Cycle, Grimaldi Industri, Cannondale, Gazelle, Samchuly Bicycle, Pacific Cycles, Cube, KHS, and Scott Sports are some of the key players in the market.

Looking ahead, the prospects for the Touring Bike industry remain promising. The increasing focus on health and fitness, coupled with the growing preference for sustainable modes of transportation, is expected to drive the demand for Touring Bikes. Additionally, the rising popularity of bike tourism and adventure cycling also presents significant opportunities for the industry. As manufacturers continue to innovate and improve their products, it is likely that the market will experience sustained growth in the coming years.

The SWOT analysis of the Touring Bike industry is as follows:

Strengths:
1. Growing demand for eco-friendly transportation options: With increasing awareness about environmental issues, there is a growing demand for eco-friendly transportation options. Touring bikes offer a sustainable mode of transport, which can appeal to environmentally-conscious consumers.

2. High potential for customization: Touring bikes are often highly customizable, allowing customers to choose specifications such as frame size, components, and accessories. This ability to tailor the bike to individual preferences can attract a wide range of customers.

3. Strong customer loyalty and community: The touring bike industry has a passionate and dedicated customer base. Customers often form close-knit communities and engage in activities such as group rides and tours. This sense of community can lead to strong customer loyalty and repeat business.

Weaknesses:
1. High cost: Touring bikes tend to be more expensive than regular bikes due to their specialized design and components. This can act as a barrier for potential customers who may be deterred by the high costs associated with purchasing a touring bike.

2. Limited target market: Touring bikes are not suitable for all types of riders or terrains. They are specifically designed for long-distance cycling and may not be appealing to casual or urban riders who prefer shorter distances or different types of cycling.

Opportunities:
1. Growing adventure tourism industry: The tourism industry is witnessing a rising trend of adventure tourism, where travelers seek experiences that involve physical activities such as cycling. This presents opportunities for the touring bike industry to cater to the needs of adventure tourists by offering rental services or guided tours.

2. Increasing popularity of bikepacking: Bikepacking, a combination of cycling and backpacking, is gaining popularity as a way to explore the outdoors. Touring bikes are well-suited for bikepacking due to their ability to carry heavy loads. Capitalizing on this trend could drive growth in the touring bike industry.

Threats:
1. Competition from alternative transportation modes: Other modes of transportation, such as electric bikes, scooters, and car-sharing services, may compete with touring bikes for customers seeking eco-friendly transportation options. These alternatives may offer convenience or cost-saving advantages, posing a threat to the touring bike industry.

2. Economic downturns: During economic downturns, consumer spending on non-essential items may decrease, including purchases of touring bikes. This can negatively impact the sales and profitability of companies operating in the industry.

Key players in global Touring Bike market include:
Hero Cycles
TI Cycles
Atlas
Avon Cycles
Giant Bicycles
GT
Haro
Micargi
Razor
Subrosa
Merida
Trek
Specialized Bicycle Components
Derby Cycle
Grimaldi Industri
Cannondale
Gazelle
Samchuly Bicycle
Pacific Cycles
Cube
KHS
Scott Sports
Giant Bicycles

Market segmentation, by product types:
Type I
Type II
Type III

Market segmentation, by applications:
Transportation tools
Racing
Recreation
Physical Training
Others

The report provides insights on the following pointers:
1. The market size (sales volume, revenue and growth rate) of the Touring Bike industry in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America from 2018 to 2023.
2. The operating situation (sales volume, revenue, growth rate and gross margin) of global major manufacturers in the Touring Bike industry from 2018 to 2023
3. The market size (sales volume, revenue and growth rate) of the Touring Bike industry in major countries from 2018 to 2023, which including the United States, Canada, Germany, France, UK, Italy, Russia, Spain, Netherlands, China, Japan, Korea, India, Australia, Indonesia, Vietnam, Brazil, Mexico, Argentina, Colombia, Turkey, Saudi Arabia, South Africa and Egypt.
4. Import and export analysis of Touring Bike in major countries.
5. The market size of different types and applications of Touring Bike industry from 2018 to 2023.
6. Global market size (sales volume, revenue) forecast of Touring Bike industry by regions and countries from 2024 to 2029.
7. Upstream raw materials and manufacturing equipment, downstream major consumers, industry chain analysis of Touring Bike industry.
8. Key drivers influencing market growth, opportunities, the challenges and the risks analysis of Touring Bike industry.
9. New project investment feasibility analysis of Touring Bike industry.

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