Regular Bicycles - United States

United States

Revenue within the Regular Bicycles market in the United States is forecasted to hit €6.40bn by 2024.
The revenue is anticipated to demonstrate a compound annual growth rate (CAGR 2024-2029) of -0.19%, leading to a projected market volume of €6.34bn by 2029.
Unit sales within the Regular Bicycles market are set to reach 20.13m bicycles by 2029.
The volume-weighted average price of Regular Bicycles market in 2024 is expected to be €321.30.
It is highlighted from a global perspective that the highest revenue will originate from the United States ( €6.40bn in 2024).

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Analyst Opinion

The Regular Bicycles Market in the United States is experiencing slow growth, as factors such as consumer preference for more advanced models and increased competition from electric bikes are impacting the market. Despite this, the convenience and health benefits offered by regular bicycles continue to drive demand.

Customer preferences: In the Regular Bicycles Market, there has been a noticeable increase in demand for high end bikes, particularly among urban dwellers. This can be attributed to a growing awareness of environmental sustainability and a desire for healthier modes of transportation.

Local special circumstances: In the United States, the Regular Bicycles Market is heavily influenced by the country's strong cycling culture and its focus on fitness and sustainable transportation. The market is also affected by strict regulations on safety and emissions, leading to the popularity of hybrid bicycles. Additionally, the diverse landscape of the country, from bustling cities to scenic rural areas, creates a demand for specialized bicycles such as road and mountain bikes.

Underlying macroeconomic factors: The Regular Bicycles Market within the Bicycles Market in the United States is heavily influenced by macroeconomic factors such as consumer spending, interest rates, and trade policies. With a strong economy and high levels of disposable income, the United States is a key market for bicycles. However, fluctuations in interest rates can impact consumer purchasing power and affect demand for bicycles. Additionally, trade policies, such as tariffs on imported bicycles, can also impact the market by affecting the cost and availability of bicycles. As such, changes in these macroeconomic factors can have a significant impact on the growth and performance of the Regular Bicycles Market within the Bicycles Market in the United States.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of regular bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).