Market Forecast By Product (Mountain, Hybrid, Road, Others), By Technology (Electric, Conventional), By End-users (Men, Women, Kids) And Competitive Landscape
Product Code: ETC027628 | Publication Date: Oct 2020 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Chile Bicycles Market report thoroughly covers the market by product, by technology, and by end users. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Chilean bicycle market is growing tremendously due to the growing tourism sector and locals embracing the eco-friendly and healthy lifestyle of cycling. The growth in cycling popularity is catalyzing improvements in cycling infrastructure to make the activity safer and more enjoyable for both locals and tourists. Also, the government's commitment to cycling and initiatives by established players and start-ups.
According to 6Wresearch, the Chile Bicycles Market size is projected to grow at a CAGR of 6.9% during the forecast period 2025-2031. The growing population of tourists arriving every year who opt for bicycle tours or renting bicycles to explore the country’s beautiful landscapes. The government's upgrading cycling infrastructure and private-sectors are promoting the bicycle tourism further ignite demand in the market. People are becoming conscious of maintain their physical health and well-being is one of the prominent growth proliferating factors. On the other hand, some major challenges being faced by the market are the unequal distribution of cycling infrastructure and the infrastructure and regulations, the country's hilly and mountainous terrain presents difficulties for some cyclists. Nevertheless, some ongoing trends can widen the Chile Bicycles Market growth. For instance, electric bicycles and long-distance touring bikes electronic bicycles, with their assisted pedaling, help overcome the hilly terrain barrier, and touring bikes are popular for tourists seeking to explore the country's diverse landscapes. Also, popularity of ride-sharing apps, such as Mobike and Lime, has opened new opportunities for the bicycle market.
The country’s government has been promoting cycling as a healthier and more environmentally friendly means of transport. It has invested heavily in the cycling infrastructure and enacted legislation to encourage cycling. The state also offers incentives such as tax breaks to bike shops importing electric bicycles. These initiatives are supporting the growth of the Chile Bicycle industry. Another initiative is "Cycling measures for cleaner air,” where cycling measures have been improving air quality. Also, the "Green Way" initiative aims to create a reliable and safe path for cyclists in urban and suburban areas.
The bicycle market comprises few large and established brands. Brands such as Giant, Trek, Scott & Cannondale are some of the most trusted bicycle manufacturers & suppliers in the country. Other notable companies in the market include Closca, which primarily focuses on producing sustainable foldable helmets that can be complemented with sustainable foldable E-bikes.
According to Dhaval, Research Manager, 6Wresearch, the hybrid bike is the only growing bicycle in Chile's market for several reasons - versatility, convenience, affordability, and sustainability.
Based on the technology, Electric bicycles have seen growing across the country with steeper urban hills, environmental concerns, and an increasing desire for high-tech transportation options.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Chile Bicycles Market Overview |
3.1 Chile Country Macro Economic Indicators |
3.2 Chile Bicycles Market Revenues & Volume, 2021 & 2031F |
3.3 Chile Bicycles Market - Industry Life Cycle |
3.4 Chile Bicycles Market - Porter's Five Forces |
3.5 Chile Bicycles Market Revenues & Volume Share, By Product, 2024 & 2031F |
3.6 Chile Bicycles Market Revenues & Volume Share, By Technology, 2024 & 2031F |
3.7 Chile Bicycles Market Revenues & Volume Share, By End-users, 2024 & 2031F |
4 Chile Bicycles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Chile Bicycles Market Trends |
6 Chile Bicycles Market, By Types |
6.1 Chile Bicycles Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Chile Bicycles Market Revenues & Volume, By Product, 2021 - 2031F |
6.1.3 Chile Bicycles Market Revenues & Volume, By Mountain, 2021 - 2031F |
6.1.4 Chile Bicycles Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.1.5 Chile Bicycles Market Revenues & Volume, By Road, 2021 - 2031F |
6.1.6 Chile Bicycles Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Chile Bicycles Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Chile Bicycles Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.3 Chile Bicycles Market Revenues & Volume, By Conventional, 2021 - 2031F |
6.3 Chile Bicycles Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Chile Bicycles Market Revenues & Volume, By Men, 2021 - 2031F |
6.3.3 Chile Bicycles Market Revenues & Volume, By Women, 2021 - 2031F |
6.3.4 Chile Bicycles Market Revenues & Volume, By Kids, 2021 - 2031F |
7 Chile Bicycles Market Import-Export Trade Statistics |
7.1 Chile Bicycles Market Export to Major Countries |
7.2 Chile Bicycles Market Imports from Major Countries |
8 Chile Bicycles Market Key Performance Indicators |
9 Chile Bicycles Market - Opportunity Assessment |
9.1 Chile Bicycles Market Opportunity Assessment, By Product, 2024 & 2031F |
9.2 Chile Bicycles Market Opportunity Assessment, By Technology, 2024 & 2031F |
9.3 Chile Bicycles Market Opportunity Assessment, By End-users, 2024 & 2031F |
10 Chile Bicycles Market - Competitive Landscape |
10.1 Chile Bicycles Market Revenue Share, By Companies, 2024 |
10.2 Chile Bicycles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |