Product Code: ETC027629 | Publication Date: Oct 2020 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
United Kingdom (UK) Bicycles market currently, in 2023, has witnessed an HHI of 997, Which has decreased slightly as compared to the HHI of 1076 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The United Kingdom (UK) bicycles market is a dynamic and growing industry driven by increasing awareness of health and environmental benefits, as well as the popularity of cycling as a sustainable mode of transportation. Key trends in the market include a rising demand for electric bicycles, innovation in lightweight materials for performance bikes, and a growing interest in cycling as a recreational activity. Major players in the UK bicycles market include brands such as Raleigh, Brompton, and Boardman Bikes, with a strong presence of independent bicycle retailers across the country. The market is also influenced by government initiatives to promote cycling infrastructure and safety, further fueling growth in the sector. Overall, the UK bicycles market presents opportunities for both established companies and new entrants to capitalize on the increasing demand for bicycles in the region.
In the United Kingdom, the bicycles market is experiencing several key trends. One notable trend is the increasing demand for electric bikes (e-bikes) as consumers seek eco-friendly transportation options and solutions to traffic congestion. The popularity of cycling as a form of exercise and leisure activity has also been on the rise, driven by a growing focus on health and wellness. Additionally, the COVID-19 pandemic has led to a surge in bicycle sales as people look for alternative ways to commute and stay active while adhering to social distancing guidelines. The market has seen a shift towards premium and customized bicycles, reflecting consumers` desire for high-quality and personalized products. Overall, the UK bicycles market is evolving to meet the changing preferences and needs of consumers in a dynamic and competitive landscape.
In the United Kingdom (UK) Bicycles Market, some challenges faced include increasing competition from e-bikes and other alternative modes of transportation, regulatory issues such as safety standards and road infrastructure, as well as the impact of Brexit on supply chains and pricing. Additionally, changing consumer preferences, economic uncertainties, and the seasonality of bicycle sales pose challenges for market players. The rising costs of raw materials and fluctuating exchange rates also contribute to the complexity of the market. To stay competitive, companies in the UK Bicycles Market need to innovate, adapt to evolving consumer trends, and invest in marketing strategies to differentiate themselves in a crowded marketplace.
In the United Kingdom, the bicycles market presents several investment opportunities due to increasing consumer interest in cycling for both leisure and transportation purposes. One potential opportunity lies in e-bikes, as the demand for electric bicycles is growing rapidly, driven by their eco-friendly nature and health benefits. Another area for investment is in the development of smart bicycles equipped with advanced technology such as GPS tracking, smartphone connectivity, and integrated sensors for performance monitoring. Additionally, there is a rising trend towards sustainable and eco-conscious products, creating a market for environmentally friendly bicycles made from recycled materials or with minimal environmental impact. Investing in innovative bike-sharing schemes or rental services in urban areas can also be a lucrative opportunity as cities promote cycling as a sustainable mode of transport.
The UK government has implemented various policies to promote the use of bicycles and support the growth of the bicycles market. This includes initiatives such as the Cycle to Work scheme, which provides tax incentives for employers to offer employees bikes for commuting. The government has also invested in the development of cycling infrastructure, such as dedicated bike lanes and bike-sharing schemes in major cities. Additionally, there are grants available for local authorities to improve cycling facilities and promote cycling as a sustainable mode of transportation. These policies aim to encourage more people to cycle, reduce congestion and air pollution, and promote a healthier and more active lifestyle among the population.
The future outlook for the United Kingdom (UK) bicycles market appears positive, driven by increasing awareness of environmental sustainability, health consciousness, and the growing popularity of cycling as a recreational activity. The market is expected to witness steady growth due to government initiatives promoting cycling infrastructure, such as bike lanes and bike-sharing programs. Additionally, the rising interest in electric bikes and advancements in technology, such as smart features and lightweight materials, are likely to attract more consumers. The trend towards urbanization and the emphasis on reducing carbon emissions are also expected to boost the demand for bicycles in the UK market. Overall, the UK bicycles market is poised for expansion, with opportunities for innovation and diverse product offerings to cater to evolving consumer preferences.
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 United Kingdom (UK) Bicycles Market Overview |
3.1 United Kingdom (UK) Country Macro Economic Indicators |
3.2 United Kingdom (UK) Bicycles Market Revenues & Volume, 2019 & 2026F |
3.3 United Kingdom (UK) Bicycles Market - Industry Life Cycle |
3.4 United Kingdom (UK) Bicycles Market - Porter's Five Forces |
3.5 United Kingdom (UK) Bicycles Market Revenues & Volume Share, By Product, 2019 & 2026F |
3.6 United Kingdom (UK) Bicycles Market Revenues & Volume Share, By Technology, 2019 & 2026F |
3.7 United Kingdom (UK) Bicycles Market Revenues & Volume Share, By End-users, 2019 & 2026F |
4 United Kingdom (UK) Bicycles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing emphasis on health and fitness among the population, leading to increased demand for bicycles. |
4.2.2 Rising awareness about environmental sustainability, promoting the adoption of eco-friendly transportation options like bicycles. |
4.2.3 Government initiatives and investments in cycling infrastructure to promote cycling as a mode of transportation and reduce traffic congestion. |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to weather conditions impacting the sales of bicycles. |
4.3.2 Competition from alternative modes of transportation such as electric scooters and ride-sharing services. |
4.3.3 High initial cost and maintenance expenses associated with high-quality bicycles, limiting adoption rates. |
5 United Kingdom (UK) Bicycles Market Trends |
6 United Kingdom (UK) Bicycles Market, By Types |
6.1 United Kingdom (UK) Bicycles Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Bicycles Market Revenues & Volume, By Product, 2016 - 2026F |
6.1.3 United Kingdom (UK) Bicycles Market Revenues & Volume, By Mountain, 2016 - 2026F |
6.1.4 United Kingdom (UK) Bicycles Market Revenues & Volume, By Hybrid, 2016 - 2026F |
6.1.5 United Kingdom (UK) Bicycles Market Revenues & Volume, By Road, 2016 - 2026F |
6.1.6 United Kingdom (UK) Bicycles Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 United Kingdom (UK) Bicycles Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Bicycles Market Revenues & Volume, By Electric, 2016 - 2026F |
6.2.3 United Kingdom (UK) Bicycles Market Revenues & Volume, By Conventional, 2016 - 2026F |
6.3 United Kingdom (UK) Bicycles Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 United Kingdom (UK) Bicycles Market Revenues & Volume, By Men, 2016 - 2026F |
6.3.3 United Kingdom (UK) Bicycles Market Revenues & Volume, By Women, 2016 - 2026F |
6.3.4 United Kingdom (UK) Bicycles Market Revenues & Volume, By Kids, 2016 - 2026F |
7 United Kingdom (UK) Bicycles Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Bicycles Market Export to Major Countries |
7.2 United Kingdom (UK) Bicycles Market Imports from Major Countries |
8 United Kingdom (UK) Bicycles Market Key Performance Indicators |
8.1 Number of cycling lanes and infrastructure improvements implemented in the UK. |
8.2 Percentage increase in the number of cycling events and competitions held annually. |
8.3 Average daily ridership on designated cycling routes in key cities across the UK. |
9 United Kingdom (UK) Bicycles Market - Opportunity Assessment |
9.1 United Kingdom (UK) Bicycles Market Opportunity Assessment, By Product, 2019 & 2026F |
9.2 United Kingdom (UK) Bicycles Market Opportunity Assessment, By Technology, 2019 & 2026F |
9.3 United Kingdom (UK) Bicycles Market Opportunity Assessment, By End-users, 2019 & 2026F |
10 United Kingdom (UK) Bicycles Market - Competitive Landscape |
10.1 United Kingdom (UK) Bicycles Market Revenue Share, By Companies, 2024 |
10.2 United Kingdom (UK) Bicycles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |