Global Gravel Road Bikes
Market Report
2024
The Global Gravel Road Bike market size is USD 519.2 million in 2023 and will grow at a compound yearly growth rate (CAGR) of 13.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Gravel Road Bike market is projected to reach a size of 519.2 million in 2023, with a compound annual growth rate (CAGR) of 13.5% anticipated from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Gravel Road Bikes Market Sales Revenue 2023 | $ 519.2 Million |
Global Gravel Road Bikes Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by Price |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Gravel Road Bikes Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The significant driver for the gravel road bikes market is the surge in outdoor recreation, fueled by a post-pandemic desire to escape urban confines and reconnect with nature, propelling gravel road biking to the forefront as it offers enthusiasts the chance to explore rugged, unpaved terrains, providing an immersive outdoor experience that aligns with the broader move towards healthier, active lifestyles. The gravel road bikes market is significantly influenced by the availability of segmented bike types, including 650b and 700c versions tailored for diverse terrains, along with the emerging autonomous gravel bike technology pioneered by companies like True Cycling, introducing self-navigating bikes equipped with onboard computers for terrain mapping and real-time adjustments, poised for imminent market entry. Notably, the 700c bike segment has experienced remarkable growth, approximately 15%, in the past year, driven by the rising popularity of gravel biking on smoother terrains and advancements in 700c bike technology and materials.
Leveraging the remarkable growth trajectory observed in the global Gravel Road Bikes market, the leading players capitalized on this opportunity effectively.
For instance, Specialized Bicycle Components has purchased Pearl Izumi's notable Louisville, Colorado office building for $14.9 million. This 55,000-square-foot custom-built structure, occupied by Pearl Izumi since 2013, is acclaimed for its sustainable design and local materials, earning recognition from The American Institute of Architects in 2014.
(Source:www.bicycleretailer.com/industry-news/2023/01/11/specialized-buys-former-pearl-izumi-building)
The surge in outdoor recreation is a significant driver for the Gravel Road Bikes market. Fueled by a post-pandemic desire to escape urban confines and reconnect with nature, this trend has propelled gravel road biking to the forefront. Gravel road bikes offer enthusiasts the chance to explore rugged, unpaved terrains, providing an immersive outdoor experience. With their versatility to handle various landscapes, these bikes cater to individuals seeking adventure and exercise. This trend aligns with the broader move towards healthier, active lifestyles, making gravel road biking a favored choice for those yearning for both outdoor thrills and natural beauty.
The Gravel Road Bikes market is prospering as a result of the growing focus on health and well-being. More people are recognizing the importance of physical fitness and are choosing cycling, including gravel road biking, as an enjoyable and health-improving exercise. This shift underscores a growing awareness of the advantages of an active lifestyle. Cycling not only allows individuals to work towards fitness goals but also lets them savor the outdoors. Gravel road biking, blending adventure with physical activity, perfectly aligns with this trend, providing a gratifying recreational experience while enhancing cardiovascular health, stamina, and stress reduction. This surge in health and wellness awareness positions gravel road biking as an attractive choice for those pursuing a holistic fitness approach, where the pleasures of exploration coincide with the pursuit of a healthier life.
Cost and Accessibility present a notable restraint in the gravel road bikes market. These bikes often come with a comparatively higher price tag owing to their specialized design and components. This elevated cost can serve as a deterrent for prospective buyers, effectively restricting access to those with more substantial budgets. The consequence of this price barrier is the potential challenge in appealing to budget-conscious consumers, potentially hindering market expansion. As a result, the market may find it challenging to attain widespread adoption among a broader demographic, given the financial constraints that a significant portion of the population faces, which could, in turn, have an impact on overall market growth and penetration.
The COVID-19 pandemic had a multifaceted impact on the Gravel Road Bikes market. Initially challenging due to supply chain disruptions, it also sparked a surge in demand for outdoor activities and cycling as a safe and healthy recreation choice. This shift in consumer behavior, along with government interventions and event cancellations, reshaped the market landscape. E-commerce emerged as the primary sales channel, and a renewed focus on health and fitness became evident. The result was bike shortages and higher prices. These changes in consumer preferences are expected to have a lasting impact on the market, extending beyond the pandemic period. Key observations encompass increased outdoor activity demand, disrupted supply chains, bike shortages, health and fitness emphasis, event disruptions, government interventions, and altered consumer preferences.
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The gravel road bikes market is marked by numerous major players competing for market dominance by employing strategic initiatives, technological advancements, and expanding their range of products.
January 2021: In a significant development, Trek Bicycle has completed the acquisition of the Electra Bicycle Company, uniting the prominent performance brand in the bicycle industry with the widely recognized name in lifestyle cycling. This strategic union not only aligns the two brands but also grants Electra access to essential business support, logistical resources, and distribution assets, setting the stage for the brand's future expansion and growth under the Trek family's stewardship.
(Source:bikerumor.com/didnt-see-that-coming-trek-acquires-electra-bicycle-company/)
Many 2022: Belgian investor Groupe Bruxelles Lambert (GBL) is set to purchase Germany's Canyon Bicycles, betting on the company's strong growth, which has seen sales increase at an average of 25% per year over the last seven years and now exceed 400 million euros, even after the COVID-19 pandemic.
(Source:bikerumor.com/didnt-see-that-coming-trek-acquires-electra-bicycle-company/)
Top Companies Market Share in Gravel Road Bikes Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America, particularly the United States, has become a dominant force in the gravel road bikes market. Several factors contribute to this leadership role. North America boasts a well-established cycling culture, supported by a substantial community of cycling enthusiasts and a robust market for various bicycle types. Furthermore, the diverse and extensive landscapes of the region make gravel biking an appealing choice for adventure-seeking cyclists. The United States has also seen a surge in outdoor and recreational activities, where gravel biking stands out as an excellent way to combine exercise with exploration.
Europe is experiencing remarkable growth in the gravel road bikes market. Europe has a deep-rooted cycling tradition, with countries like the Netherlands and Denmark renowned for their cycling-friendly infrastructure and culture. Gravel biking has gained popularity in Europe as an extension of this tradition, allowing cyclists to explore scenic countryside and off-road routes. Moreover, the region has witnessed a growing focus on health and fitness, with cycling becoming a preferred choice for exercise and stress relief. Gravel road biking aligns perfectly with this trend, attracting fitness-conscious consumers. The European market has also seen an increase in events and races catering to gravel biking enthusiasts, further fueling the demand for gravel road bikes.
The current report Scope analyzes Gravel Road Bikes Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Gravel Road Bikes Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Gravel Road Bikes Industry growth. Gravel Road Bikes market has been segmented with the help of its Type, Application Price, and others. Gravel Road Bikes market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The gravel road bikes market includes segmented types, with gravel bikes available in two versions: 650b and 700c, tailored for varying terrains. The 650b, equipped with smaller wheels, thrives on uneven surfaces, while the 700c models, featuring 28-inch wheels, excel on smoother terrain. Autonomous gravel bike technology, a burgeoning sector, sees companies like True Cycling pioneering self-navigating bikes with onboard computers for terrain mapping and real-time adjustments. These bikes are presently undergoing testing and are poised for market introduction in the near future.
In the past year, the 700c segment in the gravel road bikes market has seen impressive growth at around 15%. This growth is driven by the growing popularity of gravel biking on smoother terrains and advancements in 700c bike technology and materials. Consumers are drawn to their versatility, catering to recreational riders and commuters. Effective marketing and product innovations with enhanced features contribute to the segment's expansion.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gravel Road Bikes Industry. Request a Free Sample PDF!
Gravel bikes are increasingly popular among both men and women for their versatility across various terrains. They serve diverse purposes, including adventure cycling, endurance riding, cyclocross racing, touring, and commuting. These bikes feature wider tires, endurance-oriented geometry, and sturdy frames. Touring, particularly in remote areas, is the fastest-growing application due to gravel bikes' ability to handle tough terrain while providing comfort.
Men are emerging as the fastest-growing segment in the gravel road bikes market by application. Potential reasons include targeted marketing efforts emphasizing adventure, the appeal of the sport's competitiveness and physical challenges, social influences, and product innovations tailored to men's preferences and needs.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Gravel Road Bikes Market is witnessing significant growth in the near future.
In 2023, the 650b segment accounted for noticeable share of global Gravel Road Bikes Market and is projected to experience significant growth in the near future.
The Men segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Specialized Bicycle Components Inc , Giant Manufacturing Co. Ltd and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | 650b, 700c |
Application | Men, Women |
Price | Below $1000, From $1000 to $4000, Over $4000 |
Distribution Channel | Online, Offline |
List of Competitors | Specialized Bicycle Components Inc, Trek Bicycle Corporation, Giant Manufacturing Co. Ltd, Cannondale Bicycle Corporation, Santa Cruz Bicycles, Salsa Cycles, Niner Bikes, Canyon Bicycles GmbH, Pivot Cycles, Kona Bicycle Company, BMC Switzerland, Surly Bikes, Ibis Cycles Inc, Ridley Bikes, Yeti Cycles, Others |
This chapter will help you gain GLOBAL Market Analysis of Gravel Road Bikes. Further deep in this chapter, you will be able to review Global Gravel Road Bikes Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Price Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Gravel Road Bikes market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 650b have a significant impact on Gravel Road Bikes market? |
What are the key factors affecting the 650b and 700c of Gravel Road Bikes Market? |
What is the CAGR/Growth Rate of Men during the forecast period? |
By type, which segment accounted for largest share of the global Gravel Road Bikes Market? |
Which region is expected to dominate the global Gravel Road Bikes Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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