Fat Bike Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Fat Bike Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • April 2033
  • Retail
  • 0 pages

Report Description

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A fat bike is a bicycle which is fitted with oversized tires. These bikes are primarily used to ride off-road, particularly in snow, gravel, or sand.

Increasing awareness about health and fitness among people is expected to be a major driver of the global fat bike market. Increasing pollution and rising traffic congestion have increased the demand for eco-friendly modes of transportation. These factors are anticipated to fuel the demand for fat bikes, which are eco-friendly and stylish. Rise in initiatives by governments, such as a dedicated lane for bikes to promote eco-friendly modes of commuting, is also anticipated to propel the market.

The high price of fat bikes, as compared to conventional bikes, is anticipated to be a major restraint of the market. Additionally, the rising cost of raw materials coupled with the increasing popularity and demand for motor bikes is projected to hamper the market. Moreover, the absence of specialized cycling tracks and safe mountain trails in developing economies is also likely to hinder the market.

A major trend in the fat bike market is the shift toward lightweight materials such as carbon fiber for the frame of the bike. Moreover, the trend of ’folding bikes’ is also gaining traction. Several companies are on the verge of integrating smartphones with fat bikes due to the rise in smartphone penetration and global reach of internet. This, in turn, is estimated to help commuters navigate and provide them with streaming audio as they commute.

The global fat bike market can be segmented based on type, application, and geography. Based on type, the market can be segmented into aluminum, carbon, and steel. In terms of application, the market can be divided into commuting and racing. The racing segment is expected to hold a dominant position in the market primarily due to the significant demand for fat bikes from extreme sports enthusiasts. Moreover, the commuting segment is expected to expand at a substantial growth rate during the forecast period due to the increasing health consciousness among the population. Based on geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the global fat bike market due to the rising adoption in adventure sports in the region. The market in North America is also expected to expand at a significant growth rate, driven by countries such as the U.S. where the disposable income is relatively high. According to the Organization for Economic Co-operation and Development (OECD), more than 35% of adults in North America were considered obese. Hence, the market in the region is projected to expand due to the rise in number of people picking cycling as a hobby. In terms of market share, North America is expected to be followed by Asia Pacific and Europe. The market in Asia Pacific is anticipated to be driven by the high populations of countries such as India and China. Middle East & Africa and South America are likely to hold a minor share of the global market. 

Major players operating in the global fat bike market are Mongoose, Huffy, Framed Bikes Company Inc., Borealis Bikes, Diamondback, Kent International, ProdecoTech, XDS, GMC, Fuji Bikes, Kawasaki, Micargi, Cannondale, Felt Bikes, and Dynacraft. Other prominent players in the market include Trek Bikes, Giant, SE Bikes, and Raleigh Bicycle Company.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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