SOUTH KOREA BICYCLE MARKET
INTRODUCTION
Cycling helps keep the resources that are needed to power other forms of transportation in tact. Over the projected period, the market under study is anticipated to be driven by favourable government and employer initiatives.
Various regulatory bodies also support road racing, touring and leisure cycling, track racing, off-road racing, and mountain cycling competitions in Europe, Asia-Pacific, Africa, and South Africa.
SOUTH KOREA BICYCLE MARKET DEVELOPMENTS AND INNOVATIONS
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | South Korea Gets New Solar Panel Covered Bike Lane | While connecting Daejon and Sejong, the section represents a novel civil engineering breakthrough. | South Korea | This would enhance better Technological Controls |
| 2 | Hyderabad ORR’s cycling track to have a South Korean shade | The Hyderabad Growth Corridor Limited (HGCL) has suggested a 21-kilometer bicycle path on the Outer Ring Road, which might also serve as an environmental preservation measure. | South Korea | This would enhance better Technological Controls |
| 3 | South Korea’s infrastructure boondoggle a boon for cyclists | A decade ago, the construction of the multimillion-dollar bike network was seen with scepticism as an expensive effort to placate popular disgust. | South Korea | This would enhance better Technological Controls |
| 4 | South Korea to Host E-Bike Grand Prix | South Korea has agreed to host the action of the electric cycling races for the E-Bike Grand Prix (EBK GP). | South Korea | This would enhance better Technological Controls |
COMPETITIVE LANDSCAPE
The businesses are also taking advantage of the expansion of internet distribution channels. Additionally, businesses are expanding their product lines by introducing bicycles designed exclusively for children and women riders, which makes them more customer-focused.
To increase their market share globally, these major competitors are forging collaborations with other companies, completing mergers and acquisitions, creating cutting-edge bicycles, and refining their offline and online marketing methods.
Colnago is a leading mobiliser of the various explorer manufacturer requirements in the market. The Colnago’s new C68 is made by reinterpreting the lug assembly.A distinguishing aspect of the C series models’ manufacture, which now more than ever ensures a highly reliable and well constructed product.
The end result is a frame with modern aesthetics but a vintage character, with a streamlined and well-balanced tube section that ensures higher performance than the previous series while reducing weight significantly.
Giant is a leading mobiliser of the various explorer manufacturer requirements in the market. The Maestro’s rear suspension was created and tested in the gruelling Enduro World Series competitions. The top rocker arm made of Advanced Forged Composite provides stiffness while reducing the weight of the entire frame.
The trunnion mount shock has a longer stroke and a smoother feel. Users may confidently ride aggressive descents and rail curves thanks to the specifically designed composite frameset. A 170mm fork with a 44mm offset and head and seattube angles that are tailored for enduro riding deliver assured front-end handling.
COMPANIES PROFILED
- Accell Group
- Bianchi
- Colnago
- Avon Cycles Ltd.
- Cervelo
- Dorel Industries Inc.
- Giant Bicycles
- Merida Industry Co., Ltd.
- Specialized Bicycle Components, Inc.
- SCOTT Sports SA
- Trek Bicycle Corporation
- Atlas Cycles (Haryana) Ltd.
