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India Bicycle Market Outlook, 2022

Publisher : Bonafide Research | SKU : 170810221 | Pages : 112 |
Published Date : 2017-08-01 | Figures : 35 | Tables : 12
Region : Asia-Pacific | Country : India | Category: Consumer Goods & Services
Salman Khan enters the bicycle race in India with his flagship brand "BEING HUMAN": Bonafide Research

India Bicycle Market Outlook, 2022

20 %
Bonafide Research | SKU : 170810221
Pages : 112 | Aug, 17 | Region : Asia-Pacific
Figures : 35 | Tables : 12
Category: Consumer Goods & Services
Salman Khan enters the bicycle race in India with his flagship brand "BEING HUMAN": Bonafide Research

This report gives an in-depth analysis of bicycle market in India. A bicycle is a common mode of transport for people in rural areas particularly within low income societies, but is continuously gaining traction in urban areas as well especially among successful and affluent people. The Indian bicycle market comprises of mainly roadsters, fancy, kids and other types of bicycles. Other bicycles include cycles meant for different purposes like mountain bikes, sports bike, hybrid bike, touring bike, etc. The categorization of bicycle market can be done based on end user viz. retail sector and institutional sector. Retail sector encompasses residents or people who buy bicycles for their personal use or for their near and dear ones from retail outlets. Whereas institutional sales are usually done in bulk and the prospective customers include Central or State Governments or societies or clubs at times. According to recently published report of Bonafide Research "India Bicycle Market Outlook, 2022", bicycle market in India is expected to register a CAGR of more than 8% in terms of value during the forecasted period of 2016-17 to 2021-22. The key domestic players in the bicycle industry are Hero Cycles, Avon Cycles, TI Cycles, Atlas, Firefox Cycles and Starkenn Sports. The top two players together constitute approximately 50% of the market revenues. Likewise, the share of all other key players is given in the report in value and volume terms both. The bicycle industry has remained stagnant for a long time, but the winds are changing now, a lot is happening in the industry and in the country, due to which the market is set to grow in the future. The efforts made by manufacturers to grab the market through interventions like entering into joint ventures with foreign brands, revisions in the marketing and distribution strategies, introduction of wider product portfolio and innovations like carbon frames, etc. have impacted the market positively. On the other hand, the lifestyle changes in the society and inclination towards premiumisation in bicycles have also contributed to changed outlook towards bicycles. Now more Indians living in cities take cycling for reasons ranging from keeping fit, to general purpose, office commuting and leisure; cycling clubs have also mushroomed on social networking sites. The bicycle companies are focusing on this niche but growing segment of recreational bicycles. Moreover, opinion leaders like Salman Khan and John Abraham has also influenced the population to a large extent. Government orders of bicycles have added to the growth of standard bicycle market. Based on the price, the market can be further categorised into standard/mass, fancy, premium and super-premium/hi-end segments. The market for all the segments is given in terms of volume and value both along with respective shares in y-o-y basis. Apart from domestic brands, foreign brands also have significant demand in the country, and keeping that in mind foreign players are entering the market. "India Bicycle Market Outlook, 2022" discusses the following aspects of bicycle in India: The report gives an in-depth understanding of bicycle market in India: - Global Bicycle Market Outlook - India Bicycle Market Outlook - India Bicycle Market Size By Value & Forecast - India Standard/ Mass Bicycle Market Size By Value & Forecast - India Fancy Bicycle Market Size By Value & Forecast - India Premium Bicycle Market Size By Value & Forecast - India Super-premium Bicycle Market Size By Value & Forecast - India Bicycle Market Size By Volume & Forecast - India Standard/ Mass Bicycle Market Size By Volume & Forecast - India Fancy Bicycle Market Size By Volume & Forecast - India Premium Bicycle Market Size By Volume & Forecast - India Super-premium Bicycle Market Size By Volume & Forecast - India Bicycle Market Segmental Analysis: By Company, By Price Category, By Type of Bicycles, By End User - Product Price & Variant 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.

  • TABLE OF CONTENTS 1. Executive Summary 2. Global Bicycle Market Outlook 3. India Bicycle Market Outlook 3.1. Market Size By Value 3.1.1. Overall Market 3.1.2. Standard/ Mass Bicycle Market 3.1.3. Fancy Bicycle Market 3.1.4. Premium Bicycle Market 3.1.5. Super-premium Bicycle Market 3.2. Market Size By Volume 3.2.1. Overall Market 3.2.2. Standard/ Mass Bicycle Market 3.2.3. Fancy Bicycle Market 3.2.4. Premium Bicycle Market 3.2.5. Super-premium Bicycle Market 3.3. Market Share By Value 3.3.1. By Company 3.3.2. By Price Category 3.4. Market Share By Volume 3.4.1. By Company 3.4.2. By Type of Bicycles 3.4.3. By Price Category 3.4.4. By End User 3.5. Production By Volume 3.6. Product Price Variant Analysis 3.7. India Economic Snapshot 4. Raw Material 5. Manufacturing Process 6. Policy & Regulatory Landscape 7. PEST Analysis 8. Trade Dynamics 8.1. Import 8.2. Export 9. Channel Partner Analysis 10. India Bicycle Market Dynamics 10.1. Key Drivers 10.2. Key Challenges 11. Market Trends & Developments 11.1. Development in infrastructure 11.2. Premiumisation in the Bicycle Industry 11.3. Entry of Global Players 11.4. Promotional activities by leading players 11.5. Comfort enhancement by Redesigning 12. Competitive Landscape 12.1. Porter's 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 LTD 12.2.4. Atlas Cycles Limited 12.2.5. Firefox Bikes Private Limited 12.2.6. Starkenn Sports Private Limited 13. Strategic Recommendation 14. Disclaimer

LIST OF FIGURES Figure-1: India Bicycle Market Size – By Value 2011-12 to 2015-16 (INR Crore) Figure-2: India Bicycle Market Size Forecast – By Value 2016-17F to 2021-22F (INR Crore) Figure-3 India Standard/Mass Bicycle Market Size – By Value 2011-12 to 2015-16 (INR)Crore) Figure-4: India Standard/Mass Bicycle Size Forecast – By Value 2016-17F to 2021-22F (INR Crore) Figure-5: India Fancy Bicycle Market Size – By Value 2011-12 to 2015-16 (INR Crore) Figure-6: India Fancy Bicycle Size Forecast – By Value 2016-17F to 2021-22F (INR Crore) Figure-7: India Premium Bicycle Market Size – By Value 2011-12 to 2015-16 (INR Crore) Figure-8: India Premium Bicycle Size Forecast – By Value 2016-17F to 2021-22F (INR Crore) Figure-9: India Super-Premium Bicycle Market Size – By Value 2011-12 to 2015-16 (INR Crore) Figure-10: India Super-Premium Bicycle Size Forecast – By Value 2016-17F to 2021-22F (INR Crore) Figure-11: India Bicycle Market Size – By Volume 2011-12 to 2015-16 (Million Units) Figure-12: India Bicycle Market Size Forecast – By Volume 2016-17F to 2021-22F (Million Units) Figure-13: India Standard/Mass Bicycle Market Size – By Volume 2011-12 to 2015-16 (Million Units) Figure-14: India Standard/Mass Bicycle Market Size Forecast – By Volume 2016-17F to 2021-22F (Million Units) Figure-15: India Fancy Bicycle Market Size – By Volume 2011-12 to 2015-16 (Million Units) Figure-16: India Fancy Bicycle Market Size Forecast – By Volume 2016-17F to 2021-22F (Million Units) Figure-17: India Premium Bicycle Market Size – By Volume 2011-12 to 2015-16 (Units) Figure-18: India Premium Bicycle Market Size Forecast – By Volume 2016-17F to 2021-22F (Units) Figure-19: India Super-Premium Bicycle Market Size – By Volume 2011-12 to 2015-16 (Units) Figure-20: India Super-Premium Bicycle Market Size Forecast – By Volume 2016-17F to 2021-22F (Units) Figure-21: India Bicycle Market Share – By Company By Value 2015-16 Figure-22: India Bicycle Market Share – By Price Category By Value 2015-16 & 2021-22F Figure-23: India Bicycle Market Share – By Company By Volume 2015-16 Figure-24: India Bicycle Market Share – By Type of Bicycles By Volume 2015-16 & 2021-22F Figure-25: India Bicycle Market Share – By Price Category By Volume 2015-16 & 2021-22F Figure-26: India Bicycle Market Share – By End User By Volume 2015-16 & 2021-22F Figure-27: India Bicycle Production 2011-12 to 2015-16 (Million Units) Figure-28: Import of Bicycles in India By Value 2011-12 to 2016-2017 (INR Lac)) Figure-29: Import of Bicycles in India By Volume 2011-12 to 2016-2017 ( in Thousands) Figure-30: Import of Bicycles in India By Country By Volume Share 2016-17 Figure-31: Export of Bicycles from India By Value 2010-11 to 2016-2017 (INR Lac) Figure-32: Export of Bicycles from India By Volume 2010-11 to 2016-2017 (Units in Thousands) Figure-33: Export of Bicycles from India By Country By Volume Share 2016-17 Figure-34: Porter's Five Forces Meter of Indian Bicycle Industry

LIST OF TABLES Table-1: India Economic Profile – 2015 Table-2: Description and Tariff head details for Bicycle in India 2016 Table-3: Import Duty Structure for Bicycles in India - 2016 Table-4: Key Facts of Hero Cycles Limited Table-5: Key Facts of Tube Investments of India Limited Table-6: Key Facts of Avon Cycles LTD Table-7: Key Facts of Atlas Cycles Limited Table-8: Key Facts of Firefox Bikes Private Limited Table-9: Key Facts of Starkenn Sports Private Limited

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