Market Overview
The Europe Gravel Bikes market is estimated at US$ million in 2022. The biggest source markets for bike tourism are Germany and the UK, next by the Netherlands. The COVID-19 epidemic as well as the desire to experience nature are two factors that are helping to drive significant growth for this niche market. Numerous opportunities are provided by bicycle tourism, such as interactions with the local population, excursions on unpaved roads, media exposure for cycling-related events, and the addition of e-bikes.
During the forecast period, Europe is anticipated to experience the fastest growth rate. The region’s market is expanding due to the COVID-19-induced cycling boom in European nations. Cycling is being promoted by governments in all European economies as an effective transportation solution that simultaneously solves environmental, traffic, and public health issues. Additionally, governments in Europe have been offering tax breaks and subsidies for the purchase of new e-bikes, which is also expected to fuel market expansion. The development of bike infrastructure has seen an increase in funding from European governments. All of these elements are anticipated to fuel market growth in Europe in the next years.
Market Segmentation
- Segment by type
- 650b
- 700c
- Segment by Application
- Men
- Women
- Segment by Region
- North America (United States, Canada)
- Latin America ( Mexico, Brazil, Argentina, Colombia)
- Asia- Pacific ( China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Europe ( Germany, France, U.K., Italy, Russia)
- Middle and East Africa ( Turkey, Saudi Arabia, UAE)
- Others
According to region, the market has been differentiate into:- North America, South America, Asia, Europe, Africa and Others. Under North America, the United States, and Canada are covered; the Latin America segment comprises of Mexico, Brazil, Argentina, Columbia; whereas Asia includes China, Japan, India, South Korea, Taiwan, Thailand, Malaysia and Southeast Asia. The key countries covered under Europe include Germany, United Kingdom, France, and Russia whereas ‘Others’ is comprised of Middle East and GCC countries.
- Segment by competition
- Canyon
- BMC
- Specialized Bicycle Components
- Cervelo
- Vitus Bikes
- Scott Sport
- TIFOSI
- Rondo
- Diamondback
- Liv Cycling
- Cannondale
- Alpkit
- Kinesis Bikes
- Ribble Cycles
- Pinarello
- Fustle
- Merida Bike
- Trek
- Salsa Cycles
- Grade Expert
- Orro Bikes
- Nukeproof Digger
- Cube Bikes
- Cinelli
- Fuji Bikes
- Octane One
- Colnago
- Ragley Bike
There are a lot of companies and brands investing in the manufacture of Gravel Bikes across the world. These include Canyon, BMC, Specialized Bicycle Components, Cervelo, Vitus Bikes, Scott Sport, TIFOSI, Rondo, Diamondback, Liv Cycling, Cannondale, Alpkit, Kinesis Bikes, Ribble Cycles, Pinarello, Fustle, Merida Bike, Trek, Salsa Cycles, Grade Expert, Orro Bikes, Nukeproof Digger, Cube Bikes, Cinelli, Fuji Bikes, Octane One, Colnago, Ragley Bike and many others.
Agitation Factors
Gravel Bikes have an upper hand in the biking industry despite of the huge competition. They come with many configurations depending upon the requirements of the consumer, for example, 650b and 700c and according to application, there are separate sections for men and women.
The increasing enthusiasm in youngsters, middle aged and old people for mountain cycling, trekking, and such adventurous ventures becomes a driving factor for the increasing demands of such bikes.
Nature explorers and environmentalists also are a major factor in promoting this industry due to it’s clean and sustainable usability.
Travel and tourism is another remarkable factor responsible for the upliftment of the sector.
Hindering Factors
The price of the bike is a major drawback of this bike as it is not economical for people leading average lifestyles.
Such cycles are normally heavy weighting and are difficult to carry and handle. They can be relatively slow. Adding to their appearance, their heavy and wide tyres and heavily built body, this factor becomes a snag for this product. Moving uphill on this bike can be quite challenging.
Riding a gravel bike is harder than riding a normal road bike as it uses mre muscles than a typical road riding.
Competition in the Market Due to such benefits and multiple uses of these bikes, there is a vast market supporting this sector. Leading brands and businesses amongst the industry of gravel bike include the Netherlands-based Accell Group produces bicycles, bicycle parts, and bicycle accessories. The business is the second-largest manufacturer of bike accessories and spare parts in Europe and a market leader in e-bikes. Accell also conducts business under its numerous well-known brands. The company’s portfolio of brands includes Raleigh, Sparta, Babboe, Carqon, Winora, Ghost, Batavus, Koga, Lapierre, and Haibike. There are roughly 3,100 people working for Accell Group in 15 different countries. Additionally, the company sells its bikes and related goods to consumers and retailers in more than 80 different nations. The business sold about 856 thousand bikes in 2021.