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The global Drop-Bar Bikes market size was valued at USD 4799.57 Million in 2022 and will reach USD 6345.42 Million in 2028, with a CAGR of 4.76% during 2022-2028.
The epidemic promotes bicycle demand
On the one hand, due to the COVID-19 pandemic, commuters mostly avoid public transportation. Electric bicycles are considered a safe, convenient and affordable alternative to public transportation. Most countries are trying to promote the development of bicycles through subsidies and regulatory changes to reduce the pressure on the public transportation system. In addition, compared with other transportation systems, bicycles are cheaper and have low maintenance costs, and do not require large investments in supporting infrastructure, which is very friendly to people who are economically affected during the epidemic. On the other hand, during the COVID-19 pandemic, strong consumer demand for various sports-related items promoted the growth of the bicycle market. In addition, the epidemic has deepened people's awareness of healthy living, thus further stimulating interest in buying bicycles. The outbreak and spread of the epidemic have promoted the development of the global drop-bar bikes market in many ways.
Growing demand for environmentally friendly transportation
The consumption of fossil fuels at an alarming rate has raised concerns about the sustainable development of future generations. This factor poses a huge challenge to the government and society. Governments and international organizations around the world are setting strict emission standards to reduce carbon emissions. In this context, people are paying more and more attention to protecting and maintaining the environment for future generations, mainly because of the increasing scarcity of natural resources and environmental problems. Therefore, people choose more environmentally friendly bicycles, which can not only solve the problem of daily commuting but also meet the needs of travel. The drop-bar bicycle can provide a variety of hand positions to meet the needs of different journeys. Therefore, the growth in demand for environmentally friendly transportation has promoted the growth of the drop-bar bicycle market.
Challenges from performance shortcomings
Drop-bar bicycles are most suitable for long-distance commuters and have little advantage for short-distance commuting, and there are some performance shortcomings. Due to their narrower width and a more extended position, Drop-bar bicycles are not as powerful as flat steel bicycles at slow speeds. The narrower bar of the Drop-bar bike means less space to install accessories such as lights, bells and phone stands. The brake position of the Drop-bar bicycle also brings some troubles to the rider. In addition, for commuters, the inconvenience of drop-bar bicycles also comes from the discomfort of riding in casual or formal clothes. These shortcomings of Drop-bar bicycles are a challenging factor for market development and expansion.
Higher purchase and repair costs
Compared with traditional bicycles, the high purchase and maintenance cost of drop-bar bicycles is also one of the restrictive factors of the global drop-bar bicycle market. The gear lever and brake used in Drop-bar bicycles are different from flat-bar bicycles, and the cost of the brake lever and shifter is also higher than that of the flat-bar assembly. In addition, most drop-bar bicycle cables are covered by boom tape. When a problem occurs and the cable needs to be repaired or replaced, some additional time and cost will be required.
Region Overview:
In 2022, the share of the Europe market in Drop-Bar Bikes stood at 42.52%.
Company Overview:
Giant is one of the major players operating in the Drop-Bar Bikes market, holding a share of 22.79% in 2023.
Giant
Giant is the world's leading high-quality bicycle and cycling equipment brand, part of the Giant Group, which combines craftsmanship, technology and innovative design. Giant is a complete ecosystem of bicycles, equipment and bicycle services, seamlessly connected and always accessible.
Accell Group
The Accell Group produces bicycles, bicycle parts and accessories, and is the leader in the European electric bicycle market and the second largest market for bicycle parts and accessories. Well-known bicycle brands in the Accell product portfolio include Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon.
Segmentation Overview:
Among different product types, Road segment is anticipated to contribute the largest market share in 2027.
Road
Road bicycles are used to describe the speed of building a bicycle on a paved road. Compared with other types of bicycles, road bicycles have a common feature: narrow tires, high pressure and smooth to reduce rolling resistance.
Gravel
The Gravel bike is a drop-bar bike with a longer wheelbase, lower bottom bracket, and looser head tube angle in its frame geometry, which helps provide stability on loose roads and long distances. The gravel bike is more capable of being designed to cope with a wider range of terrain, and can be driven on off-road, gravel road, dirt road, fire road and even monorail.
eRoad
E-road bikes refer to road bikes with electric motors. The bottom bracket motors provide pedal assistance as needed, which converts the energy of the battery into pedaling assistance, thereby providing faster riding speeds.
eGravel
E-gravel bikes refer to gravel bicycles with electric motors, which use the extra power of the motors to add extra dimensions to daily riding. Therefore, e- gravel bikes can ride faster, farther and farther on roads, gravel or trails.
The Drop-Bar Bikes market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Drop-Bar Bikes market covered in Chapter 4:
Advanced Sports International
Accell Group
Trek
cube
Dorel lndustries
scott Sports
Specialized
Grimaldi Industri
Merida
Giant
In Chapter 12 and Chapter 14.1, on the basis of types, the Drop-Bar Bikes market from 2018 to 2028 is primarily split into:
Road
Gravel
eRoad
eGravel
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Drop-Bar Bikes market from 2018 to 2028 covers:
Application 1
Application 2
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Drop-Bar Bikes market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Drop-Bar Bikes market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Drop-Bar Bikes industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Drop-Bar Bikes industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Drop-Bar Bikes market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Drop-Bar Bikes market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Drop-Bar Bikes market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Drop-Bar Bikes market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
The epidemic promotes bicycle demand
On the one hand, due to the COVID-19 pandemic, commuters mostly avoid public transportation. Electric bicycles are considered a safe, convenient and affordable alternative to public transportation. Most countries are trying to promote the development of bicycles through subsidies and regulatory changes to reduce the pressure on the public transportation system. In addition, compared with other transportation systems, bicycles are cheaper and have low maintenance costs, and do not require large investments in supporting infrastructure, which is very friendly to people who are economically affected during the epidemic. On the other hand, during the COVID-19 pandemic, strong consumer demand for various sports-related items promoted the growth of the bicycle market. In addition, the epidemic has deepened people's awareness of healthy living, thus further stimulating interest in buying bicycles. The outbreak and spread of the epidemic have promoted the development of the global drop-bar bikes market in many ways.
Growing demand for environmentally friendly transportation
The consumption of fossil fuels at an alarming rate has raised concerns about the sustainable development of future generations. This factor poses a huge challenge to the government and society. Governments and international organizations around the world are setting strict emission standards to reduce carbon emissions. In this context, people are paying more and more attention to protecting and maintaining the environment for future generations, mainly because of the increasing scarcity of natural resources and environmental problems. Therefore, people choose more environmentally friendly bicycles, which can not only solve the problem of daily commuting but also meet the needs of travel. The drop-bar bicycle can provide a variety of hand positions to meet the needs of different journeys. Therefore, the growth in demand for environmentally friendly transportation has promoted the growth of the drop-bar bicycle market.
Challenges from performance shortcomings
Drop-bar bicycles are most suitable for long-distance commuters and have little advantage for short-distance commuting, and there are some performance shortcomings. Due to their narrower width and a more extended position, Drop-bar bicycles are not as powerful as flat steel bicycles at slow speeds. The narrower bar of the Drop-bar bike means less space to install accessories such as lights, bells and phone stands. The brake position of the Drop-bar bicycle also brings some troubles to the rider. In addition, for commuters, the inconvenience of drop-bar bicycles also comes from the discomfort of riding in casual or formal clothes. These shortcomings of Drop-bar bicycles are a challenging factor for market development and expansion.
Higher purchase and repair costs
Compared with traditional bicycles, the high purchase and maintenance cost of drop-bar bicycles is also one of the restrictive factors of the global drop-bar bicycle market. The gear lever and brake used in Drop-bar bicycles are different from flat-bar bicycles, and the cost of the brake lever and shifter is also higher than that of the flat-bar assembly. In addition, most drop-bar bicycle cables are covered by boom tape. When a problem occurs and the cable needs to be repaired or replaced, some additional time and cost will be required.
Region Overview:
In 2022, the share of the Europe market in Drop-Bar Bikes stood at 42.52%.
Company Overview:
Giant is one of the major players operating in the Drop-Bar Bikes market, holding a share of 22.79% in 2023.
Giant
Giant is the world's leading high-quality bicycle and cycling equipment brand, part of the Giant Group, which combines craftsmanship, technology and innovative design. Giant is a complete ecosystem of bicycles, equipment and bicycle services, seamlessly connected and always accessible.
Accell Group
The Accell Group produces bicycles, bicycle parts and accessories, and is the leader in the European electric bicycle market and the second largest market for bicycle parts and accessories. Well-known bicycle brands in the Accell product portfolio include Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon.
Segmentation Overview:
Among different product types, Road segment is anticipated to contribute the largest market share in 2027.
Road
Road bicycles are used to describe the speed of building a bicycle on a paved road. Compared with other types of bicycles, road bicycles have a common feature: narrow tires, high pressure and smooth to reduce rolling resistance.
Gravel
The Gravel bike is a drop-bar bike with a longer wheelbase, lower bottom bracket, and looser head tube angle in its frame geometry, which helps provide stability on loose roads and long distances. The gravel bike is more capable of being designed to cope with a wider range of terrain, and can be driven on off-road, gravel road, dirt road, fire road and even monorail.
eRoad
E-road bikes refer to road bikes with electric motors. The bottom bracket motors provide pedal assistance as needed, which converts the energy of the battery into pedaling assistance, thereby providing faster riding speeds.
eGravel
E-gravel bikes refer to gravel bicycles with electric motors, which use the extra power of the motors to add extra dimensions to daily riding. Therefore, e- gravel bikes can ride faster, farther and farther on roads, gravel or trails.
The Drop-Bar Bikes market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Drop-Bar Bikes market covered in Chapter 4:
Advanced Sports International
Accell Group
Trek
cube
Dorel lndustries
scott Sports
Specialized
Grimaldi Industri
Merida
Giant
In Chapter 12 and Chapter 14.1, on the basis of types, the Drop-Bar Bikes market from 2018 to 2028 is primarily split into:
Road
Gravel
eRoad
eGravel
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Drop-Bar Bikes market from 2018 to 2028 covers:
Application 1
Application 2
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Drop-Bar Bikes market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Drop-Bar Bikes market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Drop-Bar Bikes industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Drop-Bar Bikes industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Drop-Bar Bikes market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Drop-Bar Bikes market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Drop-Bar Bikes market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Drop-Bar Bikes market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
