India Bicycle Market Outlook, 2021

India bicycle market consists of domestic as well as international players. India has been witnessing a slow growth since last decade in bicycle industry.

Featured Companies

  • 1. ATLAS CYCLES (HARYANA) LIMITED
  • 2. Avon Cycles Limited
  • 3. Hero Cycles Limited
  • 4. La Sovereign Bicycles Private Limited
  • 5. Neelam Cycle Industries
  • 6. Tube Investments of India Limited
  • More...

The report covers detailed insights of the bicycle market in India. The report covers the Indian bicycle market in a detailed segmental analysis with the value and volume analysis. The report also covers leading companies that are involved in the manufacturing and selling of various bicycles in the country. The report gives an idea on the pricing analysis of various products available in the bicycle market such as roadsters, mountain cycle, lifestyle cycle, ladies cycle, gents and kid's cycle. India bicycle market consists of domestic as well as international players. India has been witnessing a slow growth since last decade in bicycle industry. Rising disposable income, rapid urbanization and massive growth in infrastructure led to increase in the vehicular population in India which hindered the growth of bicycle market. However, the market is now showing positive growth from last two years. Rural consumers are the key end users of bicycle as in rural area bicycle is one of the most important modes of transportation for middle and low income groups. Key features of bicycle such as environment-friendly and health-friendly are driving the demand of bicycles in urban India. At present, the trend of premium bicycle is emerging in urban India and hence all the domestic players are making efforts to grab the space in this fast growing segment. According to “India Bicycle Market Outlook, 2021”, bicycle market size crossed INR 5000 crore mark in 2015. The market is now expected to grow at a healthy rate in the forecast period due to increasing adoption of premium bicycles apart from standard ones. Entry of foreign firms has become easier and thus many international bicycle companies have existence in the Indian market. This has led to immense competition between international and domestic players. The low penetration of bicycle in India attracts various global firms through serving greater opportunities for international players. The key domestic players such as Hero Cycles, TI Cycles, Avon Cycles, and Atlas are making efforts to grab the market through innovation and premiumization in bicycles. However, Indian bicycle industry is also facing some serious challenges in terms of meeting the domestic demand and staying competitive globally as domestic players are getting tough competition from Chinese players. Though being a second largest cycle manufacturing country, India has a very low penetration of bicycles as compared to other countries. “India Bicycle Market Outlook, 2021” discusses the following aspects of bicycles in India: The report gives an in-depth understanding of bicycle market in India: - Global Bicycle Market Outlook - Global Bicycle Market Size By Value & Forecast - Global Bicycle Market Size By Volume & Forecast - Global Bicycle Market Segmental Analysis: By Region, By Country - India Bicycle Market Outlook - India Bicycle Market Size By Value & Forecast - India Bicycle Market Size By Volume & Forecast - India Bicycle Market Segmental Analysis: By Company, By Brand, By Segment - India Premium Bicycle Market Size By Value & Forecast - India Premium Bicycle Market Size By Volume & Forecast - India Premium Bicycle Market Segmental Analysis: By Company - Pricing Analysis - The key vendors in this market space - Competitive Landscape & Strategic Recommendations This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of bicycle in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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Arun Kalwani

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Research Analyst

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Arun Kalwani

Companies Mentioned

  • ATLAS CYCLES (HARYANA) LIMITED
  • Avon Cycles Limited
  • Hero Cycles Limited
  • La Sovereign Bicycles Private Limited
  • Neelam Cycle Industries
  • Tube Investments of India Limited

Table of Contents

  • TABLE OF CONTENTS
  • 1. Executive Summary
  • 2. Global bicycle Market Outlook
  • 2.1. Market Size
  • 2.1.1. By Value
  • 2.1.2. By Volume
  • 2.2. Market Share
  • 2.2.1. By Region
  • 2.2.2. By Country
  • 3. India Bicycle Market Outlook
  • 3.1. Market Size
  • 3.1.1. By Value
  • 3.1.2. By Volume
  • 3.2. Market Share
  • 3.2.1. By Company
  • 3.2.2. By Brand
  • 3.2.3. By Segment
  • 3.3. Pricing Analysis
  • 4. India Premium Bicycle Market
  • 4.1. By Value
  • 4.2. By Volume
  • 4.3. Market Share
  • 4.3.1. By Company - Value Share
  • 4.3.2. By Company - Volume Share
  • 5. India Economic Profile – 2014
  • 6. Raw Material
  • 7. Policy & Regulatory Landscape
  • 8. PEST Analysis
  • 9. Trade Dynamics
  • 9.1. Import
  • 9.2. Export
  • 10. Market Dynamics
  • 10.1. Key Drivers
  • 10.2. Key Challenges
  • 11. Market Trends & Developments
  • 11.1. Awaiting Technology in the Market
  • 11.2. Indian People Focus Fitness Factor from Cycling
  • 11.3. Premiumisation in Bicycle Industry
  • 11.4. Promotional activities by leading players
  • 12. Competitive Landscape
  • 12.1. Porters Five Forces
  • 12.2. Company Profiles
  • 12.2.1. Hero Cycles Limited
  • 12.2.2. Tube Investments of India Limited
  • 12.2.3. Avon Cycles Limited
  • 12.2.4. Atlas Cycle Industries Limited
  • 12.2.5. La Sovereign Bicycles Private Limited
  • 12.2.6. Neelam Cycle Industries
  • 13. Strategic Recommendations
  • 14. Disclaimer

LIST OF TABLES
Table-1: Retail Price of Hero Cycles Available in India
Table-2: Retail Price of TI Cycles Available in India
Table-3: Retail Price of Avon Cycles Available in India
Table-4: India Economic Profile - 2014
Table-5: Import Duties under HS code 8712
Table-6: Exporting Company of Bicycle
Table-7: Product Portfolio of Hero Cycle Limited
Table-8: Key Facts of Hero Cycle Limited
Table-9: Product Portfolio of Tube Investment of India Limited
Table-10: Key Facts of Tube Investments of India Limited
Table-11: Product Portfolio of Avon Cycle Limited
Table-12: Key Facts of Avon Cycles Limited
Table-13: Product Portfolio of Atlas Cycles (Haryana) Limited
Table-14: Key Facts of Atlas Cycles (Haryana) Limited
Table-15: Product Portfolio of La Sovereign Bicycles Pvt. Ltd
Table-16: Key Facts of La Sovereign Bicycles Pvt. Ltd
Table-17: Product Portfolio of Neelam Cycle Industries
Table-18: Key Facts of Neelam Cycle Industries

LIST OF FIGURES
Figure-1: Global Bicycle Market Size – By Value 2009 – 2015 (USD Billion)
Figure-2: Global Bicycle Market Size Forecast–By Value 2016F – 2021F (USD Billion)
Figure-3: Global Bicycle Market Size –By Volume 2009 – 2015 (Million)
Figure-4: Global Bicycle Market Size Forecast –By Volume 2016F – 2021F (Million)
Figure-5: Global Bicycle Market Share – By Region 2015 & 2021F
Figure-6: Global Bicycle Market Share – By Country 2015 & 2021F
Figure-7: India Bicycle Market Size – By Value 2010 – 2015 (INR Crore)
Figure-8: India Bicycle Market Size Forecast – By Value 2016F – 2021F (INR Crore)
Figure-9: India Bicycle Market Size –By Volume 2009 – 2015 (Million Units)
Figure-10: India Bicycle Market Size –By Volume 2016F – 2021F (Crore Units)
Figure-11: India Bicycle Market Share – By Company 2015 & 2021F
Figure-12: India Bicycle Market Share – By Brand 2015 & 2021F
Figure-13: India Bicycle Market Share – By Segment 2015 & 2021F
Figure-14: India Premium Bicycle Market Size –By Value 2009 – 2015 (INR Crore)
Figure-15: India Premium Bicycle Market Size –By Value 2016F – 2021F (INR Crore)
Figure-16: India Premium Bicycle Market Size –By Volume 2009 – 2015 (Units)
Figure-17: India Premium Bicycle Market Size –By Volume 2016F – 2021F (Units)
Figure-18: India Premium Bicycle Market Value Share – By Company 2015
Figure-19: India Premium Bicycle Market Volume Share – By Company 2015
Figure-20: Import of Bicycle Market By Value 2011-2015 (Lakh)
Figure-21: Import of Bicycle Market By Volume 2011-2015 (Thousands)
Figure-22: Export of Bicycle Market By Value 2011-2015 (Lakh)
Figure-23: Export of Bicycle Market By Volume 2011-2015 (Thousands)
Figure-24: ASP of Bicycle Imports in India 2011-2015 (Rupees)
Figure-25: ASP of Bicycle Exports from India 2011-2015 (Rupees)

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India Bicycle Market Outlook, 2021

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