DUBLIN, October 3, 2017 /PRNewswire/ --
The "India Bicycle Market Overview, 2016-2022" report has been added to Research and Markets' offering.
The 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.
Key Topics Covered:
1. Executive Summary
2. Global Bicycle Market Outlook
3. India Bicycle Market Outlook
4. Company Profiles
- Hero Cycles Limited
- Tube Investments of India Limited
- Avon Cycles LTD
- Atlas Cycles Limited
- Firefox Bikes Private Limited
- Starkenn Sports Private Limited
For more information about this report visit https://www.researchandmarkets.com/research/c3ncd3/india_bicycle
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