india bicycle market forecast 2021 - brochure

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

I n d i a B i c yc l e M a rke t By Ty p e, By G e a re d Vs G e a rl e s s , By R i m S i z e, Co m p et i t i o n Fo re c a s t

a n d O p p o r t u n i t ie s , 2 0 1 1 - 2 0 2 1

T a b l e o f C o n t e n t s

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S. No. Contents

1. Product Overview

2 Research Methodology

3. Analyst View

4. India Bicycle Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Type (Roadster, Sports and Kids)

4.2.2. By Geared Vs Gearless

4.2.3. By Company

4.2.4. By Region

4.2.5. By Rim Size (26 Inch, 20 Inch, 28 Inch, 24 Inch, 18 Inch, 16 Inch, 29 Inch, 14 Inch, 12 Inch, 27.5 Inch and Others)

4.3. India Bicycle Market Attractive Index (By Region)

4.4. India Bicycle Market Attractiveness Index (By Bicycle Type)

5. India Sports Bicycle Market Outlook




5.2.1. By Bicycle Type (Mountain, Hybrid and Racing)

5.2.2. By Rim Size (28 Inch, 26 Inch, 29 Inch, 27.5 Inch, & Others)


5.2.4. By Region


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S. No. Contents

5.3. India Sports Bicycle Market Attractive Index (By Bicycle Type)

5.4. India Sports Bicycle Market Attractiveness Index (By Rim Size)

6. India Roadster Bicycle Market Outlook




6.2.1. By Rim Size (26 Inch, 24 Inch, & 28 Inch)

6.2.2. By Region

6.3. India Roadster Bicycle Market Attractiveness Index (By Rim Size)

7. India Kids Bicycle Market Outlook





7.2.2. By Rim Size (20 Inch, 18 Inch, 16 Inch, 14 Inch, & 12 Inch)

7.2.3. By Region

8. Supply Chain Analysis

9. Import-Export Analysis

10. Market Dynamics

10.1 Drivers

10.2. Challenges

11. Market Trends & Developments


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S. No. Contents

11.1. Growing Demand for Premium Bicycles

11.2. Increasing Demand for Disc Brakes in Sports Bicycles

11.3. Increasing Sales of Bicycles through E-Commerce Channels

11.4. Rising Adoption of Tubeless Tires in Cycles

11.5. Growing Demand for Geared Bicycles in India

12. Policy & Regulatory Landscape

13. India Economic Profile

14. Competitive Landscape

14.1. Hero Cycles Ltd.

142. TI Cycles of India

14.3. Atlas Cycles (Haryana) Ltd.

14.4. Avon Cycles Limited

14.5. Starkenn Sports Private Limited

14.6. S. K. Bikes Pvt. Ltd.

14.7. Eastman Industries Limited

14.8. Seth Industrial Corporation

14.9. Naren International

14.10. Top Trak Bicycles

15. Strategic Recommendations

16. About Us & Disclaimer

P r o d u c t O v e r v i e w

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Vehicle Segment Sub-Segment Customer Segment

Bicycle

Roadster

IndividualsSports

Kids

Cycle is defined as, “A non-motorized vehicle propelled by feet acting on pedalshaving two tandem wheels attached to a frame.”

Classification According to Bicycle Type

Product Definition

R e s e a r c h M e t h o d o l o g y

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A

C

B

Primary Research

Company Analysis

Desk Research

Identifying Key Opinion

Leaders

Questionnaire Design

In-depth Interviews

Market Participants

Key Strengths

Bicycle Portfolio

Recent

Developments

Market

Changing

Aspects/Dynami

cs

Government

Policies

Final Conclusion

LinkedIn TechSci Internal

database

Factiva Hoovers

Paid Sources

Company Website Company Annual

Reports White Paper Study Financial Reports Investor

Presentations Regulatory Body, Associations, etc.

Secondary Research

Primary Research

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

•In-depth secondary research was used todetermine top players in the India Bicyclemarket, overall market size and segmentalmarket size.

Market Profiling

•In order to conduct industry experts interviews,TechSci Research formulated a detailedquestionnaire.

Formulating Questionnaire

•List of industry players, distributors, andindustry specialists was developed.

Developing list of respondents

•TechSci Research conducted interviews withindustry experts, industry players, for datacollection and verification.

Data Collection

•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.

Data Validation

•The data was scrutinized using MS-Excel andstatistical tools such as Time Series analysis etc.to obtain qualitative and quantitative insightsabout India bicycle market.

Data Analysis


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Baseline Methodology:

For the study, TechSci Research has gathered information through primary research surveys with leadingbicycle companies operating in India. We also put through an exhaustive search of credible paiddatabases such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team ofanalysts has then prudently evaluated all the collected information and presented the same inchronological order to depict a meaningful and clear picture of India bicycle market.

While compiling the data, we have also cross-checked all the collected information from multiple sourcesand data warehouses, so as to present the most accurate and precise information of the concernedindustry.

Sampling Technique:

While conducting the study, TechSci Research followed stratified random sampling technique to shortlist

Key Opinion Leaders (KOLs) in various bicycle companies/dealers & distributors operating in India. KOLsbased out of prominent bicycle companies/dealers & distributors were interviewed to identify the size ofIndia bicycle market.

Sample Size:

KOLs No. of Respondents

Mid to Senior Management, Sales Managers,etc., of Bicycle Companies/

Dealers & Distributors40

Industry Experts 10

Total 50


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Market Size Calculation Technique:

Primary Research

For the preparation of India bicycle report, bottom-up model has been used, which has been later crossvalidated by using top-down approach. TechSci Research interviewed Senior Managers and RegionalSales Managers of the prominent bicycle companies/dealers & distributors using Delphi technique forcalculating the market size of India bicycle market. Respondents were also asked about the current andfuture growth rates, market share by bicycle type, etc. All the information gathered was carefullyanalyzed. Data points which exhibited high deviations from the majority estimates were eliminated asoutliers and the remaining refined data points were put together to arrive at the volume data.

Primary Research – Some of the Companies’ Dealers & Distributors Interviewed

S. No. Company Dealers & Distributor Names

1. HERO CYCLES LTD.

2. TI Cycles of India

3 ATLAS CYCLES (HARYANA) LTD.

4. AVON CYCLES LTD.

5. Starkenn Sports Pvt. Ltd.

6. S. K. Bikes Pvt. Ltd.

7. Eastman Industries Limited


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Secondary Research:

We also put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., inaddition to our internal database. Further analyses of credible publications, white papers, company’sannual reports, investor presentations, news articles, etc. were also analyzed to cross validate findingsderived from primary research.

Forecasting Technique:

The team developed forecast on the basis of econometric and judgemental analysis in addition tostatistical techniques such as averaging and geometric mean. During primary research interviews,questions regarding historical sales trend of bicycle market were put forward. Respondents were askedabout the current and future growth rates, market share by bicycle type in India. In order to forecastIndia bicycle market, following forecast techniques were used:

• Time Series Analysis• Econometric and Judgmental Analysis• Moving Average

S. No. Few of the Secondary Source

1. AICMA

2. The Registrar General & Census Commissioner, India

3 Cycling Federation of India

4. World Bank

5. International Monetary Fund (IMF)

I n d u s t r y B r i e f

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India Bicycle Market to Grow at CAGR 11%till 2021

Rising awareness about health benefits of cycling, increasing popularity of sports bicycles and implementation of favorablegovernment schemes to propel India bicycle market through 2021

According to TechSci Research report, “India Bicycle Market By Type, By Geared Vs Gearless, By Rim Size, CompetitionForecast and Opportunities, 2011 - 2021”, the bicycle market in India is projected to grow at a CAGR of over 11%, during2016-2021, on account of growing population base, increasing discretionary spending and rising health consciousness amongpeople. In India, cycling is being swiftly adopted as a means to stay fit and as a popular recreational activity. Further, many ofstate governments have started construction of dedicated bicycle lanes in major cities to encourage cycling, as an environmentfriendly means of transportation. This is also projected to drive sales of bicycles across the country in the coming years.

Large share of the country’s total population is based in rural areas, where roadster bicycle is an important mode oftransportation. With constant increase in volume demand for roadster bicycles in India, the segment is anticipated to continuedominating India bicycle market. Due to unavailability of efficient transportation facilities and appropriate road network inrural part of India, roadster bicycles are extensively used for transportation. Moreover, many state governments have alsodistributed bicycles to school children. As per Census 2011, despite absolute increase in urban population in India, over 70% ofthe country’s population resides in rural areas. Share of the rural population in India’s total population, however declined from72.19% in 2001 to 68.84% in 2011. Consequently, level of urbanization in the country increased from 27.81% in 2001 to31.16% in 2011. Growing urban population base and rising demand for roadster bicycles from rural population is projected todrive growth in the country’s bicycle market in the ensuing years.

“India, one of the fastest growing economies in the world, is witnessing high demand for sports bicycle. Growing focus onfitness and health, and increasing trend of using cycles to commute to work is projected drive sales of sports bicycles in thecountry during the coming years. On the back of growing demand for sports bicycles in the country, many international playershave introduced their products in India bicycle market. Although, India has emerged as one of the major manufacturers ofbicycles in the world, the country imports considerable number of high-end or premium bicycles from other countries toaddress domestic demand for high end bicycles. Moreover, widespread presence of well-established network of dealers anddistributors has been strengthening position of international bicycle manufacturers in India.”, said Mr. Karan Chechi, ResearchDirector with TechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/india-bicycle-market-by-type-roadster-sports-and-kids-by-geared-vs-gearless-by-rim-size-26-inch-20-inch-28-inch-24-inch-18-inch-16-inch-29-inch-14-inch-12-inch-27-5-inch-and-others-competition-forecast-and-opportunities/827.html

S a m p l e D a t a - S n a p s h o t

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India Bicycle Market Size, By Value (USD Million), By

Volume (Million Units), 2011-2021F

1 2 3 4 5 7 8 9 10 11 12

3 5 7 9 1115 17 19 21 23 25

2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F

Value (USD Billion) Volume (Million Units)

Source:XXXXXNote: These are dummy figures; please purchase our report for actual data

India Bicycle Market Share, By Company, By Volume, 2015-2021F

10% 10% 10% 10% 10% 10% 10%

15% 15% 15% 15% 15% 15% 15%

20% 20% 20% 20% 20% 20% 20%

25% 25% 25% 25% 25% 25% 25%

30% 30% 30% 30% 30% 30% 30%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Hero TI Atlas Avon Others*

India Bicycle Market Attractiveness Index, By Region,

By Volume, 2015-2021F

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

0.00 1.00 2.00 3.00 4.00 5.00

South

West

East

North

India Sports Bicycle Market Share, By Bicycle

Type, By Volume, 2015-2021F

10% 10% 10% 10% 10% 10% 10%20% 20% 20% 20% 20% 20% 20%

70% 70% 70% 70% 70% 70% 70%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Mountain Hybrid RacingIndia Sports Bicycle Market Share, By Region, By

Volume, 2015 & 2021F

West

2015 2021F---------------X% X%

South

2015 2021F---------------X% X%

East

2015 2021F---------------X% X%

North

2015 2021F---------------X% X%

15%

15%

15%

15%

15%

25%

Nepal

Mozambique

UK

Zambia

Poland

Rest of World

India Bicycle Exports

Share, By Value, FY2016

India Kids Bicycle Market Size, By Value (USD Million), By

Volume (Million Units), 2011-2021F

1 2 3 4 5 7 8 9 10 11 12

3 5 7 9 1115 17 19 21 23 25

2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F

Value (USD Billion) Volume (Million Units)

R e p o r t O r d e r i n g

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Report Price

Report Name: India Bicycle Market By Type, By Geared Vs Gearless, By Rim

Size, Competition Forecast and Opportunities, 2011 - 2021

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Electronic Access - Single User License $2500

CD-ROM Mail Delivery $3000

Hard Copy Mail Delivery $3500

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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides

market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving

productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyzes of both industry-

specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global

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of the opportunities available in the market.

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Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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