South Korea Bicycle Market 2022-2027

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    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.

     

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    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. This is due to the fact that electric motorcycles make carrying weight and getting about easier. As a result, postal services are switching to electric bikes as a mode of transportation.

     

    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

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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