Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Global Sales of Bicycle Bags and Bag-packs to Expand at 6% CAGR Through 2029

Global Banking And Finance 1 News

The global bicycle bags and bag-packs market will expand at an promising 6% CAGR through 2029. As per a new study by Future Market Insights (FMI), the market for bicycle bags and bag-packs is largely influenced by increasing applications for college students, working commuters, gym workouts, local races, and international competitive events.

Manufacturers are developing bicycle bags and bag-packs to target the growing demographic of women cyclists with increased focus on fashionable designs,” reveals the FMI report.

Bicycle Bags and Bag-packs market by Product Type

Request report sample with 250+ pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-11176

Key Research Findings

  • Cycle carrier bags will account for more than 89% of the overall market share through the forecast period.
  • Bicycle bags and bag-packs will continue to be targeted towards men through the forecast period. However, women-centric products will make substantial growth in the years ahead.
  • E-commerce channels of distribution, will lead the market in terms of revenue, driven by widespread internet penetration.
  • Gains of the global bicycle bags and bag-packs market will remain largely concentrated in Asia Pacific, driven by a younger population, major cycling events and support of government initiatives.

Key Growth Drivers

  • Strong bicycle long tour activities taking place among the global population of young people plays a major role in the growth of market.
  • Design innovations in bicycle bags and bag-packs for multi-functionality features to add to the global footprint of players.
  • High durability characteristics and easy product availability are major factors contributing to market growth.
  • The development of fashion-based accessories and designs will drive adoption among varied demographics.

Key Impediments

  • The bicycle bags and bag-packs market is facing continued challenges owing to the issues of inadequate bicycle friendly areas in many parts of the world.

Explore the complete bicycle bags and bag-packs market report with 89 illustrative figures, 56 data tables, and the table of contents.

Also find a detailed market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-11176

Competition Structure Analysis – Bicycle Bags and Bag-packs Market

The competition landscape of bicycle bags and bag-packs market is moderately fragmented. Key players are also investing in strategic collaborations within the industry to widen their range of product offerings. Players are also focusing their efforts towards product innovations and setting up contracts for celebrity endorsements.

Some of the key players in the bicycle bags and bag-packs market include, but are not limited to Deuter Sport GmbH, Shimano Inc., Inertia Designs, Giant Manufacturing Company Ltd., Lone Peak Packs, Merida Industry Co.Ltd., Madden Equipment, Wiggle Ltd., MAINSTREAM-MSX, BROOKS ENGLAND, Velotransit, Recreational Equipment Inc., Trek Bicycle Corporation, Ortlieb USA, and Topeak, among others.

The global bicycle bags and bag-packs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

  • Cycle Carrier Bags
  • Bag-packs

Sales Channel

  • Offline
    • Specialty Bicycle Retailers
    • Full Line Sporting Goods Stores
    • Department & Others
  • Online

Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East and Africa

Buy Now@  https://www.futuremarketinsights.com/checkout/11176

The post Global Sales of Bicycle Bags and Bag-packs to Expand at 6% CAGR Through 2029 appeared first on Industry News Analsis.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post