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Middle East & Africa Bicycle Market Research Report, 2027

Middle East & Africa Bicycle Market Research Report, 2027

Actual Market Research 05-08-2022 90 Pages Figures : 8 Tables : 70 Region : MEA Category : Consumer Goods & Services Appliances & Equipment

1. Accell Group

2. Bridgestone

3. Camplagnolo

4. Cannondale

5. Cervélo Cycles

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The intense heat in the Middle East and Africa is well known for its potential to cause physical harm to human beings and affect physical activity levels. This has its own influence on the bicycle market of the region. Bicycle touring enthusiasts interested in going on biking tours of the Middle East are now discovering that this sport is not just confined to North America, Europe, and Asian countries like China and Japan. While it is true that Western countries have the most developed systems of bike touring maps and travel information, Middle Eastern countries also have cycling information that can enable either individuals or groups to have a unique and interesting travel experience. According to the report "Middle East & Africa Bicycle Market Research Report, 2027," published by Actual Market Research, the market was valued at around USD 2 billion in 2021, which is expected to grow at more than 3.5% CAGR for 2022–2027. Car traffic in the region is relatively unstructured, with high speeds and frequent lane changes, which is dangerous for cyclists. Because cyclists are vulnerable in traffic, the success of the bike path is heavily reliant on providing a safe cycling environment. However, there are locations where the bicycle infrastructure meets the car infrastructure, specifically where the bicycle path is routed through residential areas. At these locations, the law should assist in protecting cyclists against motorized traffic. While on the outside, Dubai and Abu Dhabi may not be considered bike-friendly cities due to their busy roads, there are several tracks across the countries, which are perfect for individual, and group rides. The hybrid bikes go by several names: street, hybrid, and comfort. What all these names really mean is a super-comfortable bike. They are likely to have a considerable decline in market share by the forecasted period. The e-bike segment is expected to show the highest growth in the market. Government support and strict rules in favor of electric bikes are expected to drive the growth of the electric bike market. The region remains one of the world’s most repressive countries for women, where a man’s consent is obligatory for women to access human rights. With some changes are creeping in to loosen the grip of male guardianship, women were still not allowed to drive, not even a cycle for a long dark. Nevertheless, since the year 2017, the women took step towards the cycling and are now leading the way to cross border recognitions. This has given a boost to the women bicycle segment. South Africa is arguably one of the best locations in the world for both guided and self-supported bicycle tours of various lengths. Further, cycling in UAE is becoming a popular choice among fitness enthusiasts who prefer outdoor sports over. Currently, the population of the region is still young, with children under age 15 accounting for a third of the population and young people aged 15 to 24 years accounting for a fifth. This has led the kids' bicycle segment to contribute to a share of less than 30% by value and volume in the year 2021. Cycling amongst women is becoming a big trend in Saudi Arabia, with cycling groups popping up and cycling shops being opened by women, allowing a change in the market. Launched in Abu Dhabi in 2014, bicycle sharing company Cyacle has since enjoyed great popularity among the residents of the Emirati capital. With 300 bicycles spread over 50 stations, the company now has nearly 75,000 regular users and is a leader in micro-mobility in the Middle East. COVID-19 Impact: The sales of bicycles witnessed a slump initially owing to the closure of offline stores worldwide due to the COVID-19 pandemic-induced restrictions. However, the demand for bicycles has started picking up recently, with significant growth in the number of consumers trying to avoid public transportation due to fear of contracting the virus. Moreover, with the growing health-consciousness among consumers, bicycles are now seen as an increasingly dependable and healthy mobility option. Major companies present in the market Accell Group, Bridgestone Cycle, Campagnolo, Cannondale, Cervelo Cycles, Cube Cycles, Dorel Industries Inc., Giant Bicycles, Merida Bikes International, Orbea Corporation, Scott Sports, Specialized Bicycle Components, Inc., STRiDA Cycles, XDS Shenzhen Xidesheng Bicycles Co., Ltd Considered in this report • Geography: Middle East & Africa • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Middle East & Africa Bicycle market with its value and forecast along with its segments • Country-wise toy market analysis • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Countries covered in the report • UAE • Saudi Arabia • Qatar • South Africa Segment covered in the report By Type •Road Bikes • Mountain Bikes • Hybrid Bikes • E-bikes • Others (Kids, standard, maas) By End User •Men •Women •Kids By Bikers Type •Highly Engaged •Engaged •Leisure •Travel The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources. Intended audience This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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