Thailand Bicycle Market 2024-2030

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    THAILAND BICYCLE MARKET

     

    INTRODUCTION TO THAILAND BICYCLE MARKET

     

    Cycling is one of the safest forms of transportation because it is so easy to use. Additionally, governments in several nations are introducing bike voucher programmes to increase the market share for bicycles.

     

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    In this programme, the user is given a voucher for bike repairs up to £50. The voucher may also be applied toward starting a bicycle repair shop. This plan makes bicycles more easily accessible to clients, which further encourages the expansion of the world bicycle market.

     

    THAILAND BICYCLE MARKET DEVELOPMENTS AND INNOVATIONS

     

    During this worldwide health crisis, the market grew noticeably. This is linked to a surge in consumer health consciousness and a preference for bicycles as a cheap form of exercise and short-distance transportation.

     

    Additionally, the pandemic’s installation of strict rules such social segregation pushed people to avoid gathering in gyms and go by public transportation, which in turn increased demand for bicycles. People prefer to go by bicycle when heading to work because it saves on fuel costs and time in traffic.

     

    Manufacturers are developing products for the adult market in addition to the kids market. They are modernising and concentrating on technology developments in bicycles, such as Bluetooth and GPS integration, stronger batteries, improved gear-shifting, and balance.

     

    THAILAND BICYCLE MARKET COMPETITIVE LANDSCAPE

     

    Conversely, amid this worldwide health crisis, the market saw a substantial increase. This is linked to a surge in consumer health consciousness and a preference for bicycles as a cheap form of exercise and short-distance transportation.

     

    Additionally, the enforcement of strict rules such social segregation during the epidemic forced people to avoid gathering in gyms and go via public transportation, which in turn increased demand for bicycles.

     

    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.

     

    Trek Bikes is a leading mobiliser of the various bicycle modules manufacturer requirements in the market. The Supercaliber 9.7 eliminates the need to select between hardtail and full-suspension. From the efficient IsoStrut shock to the weight-saving pivotless seat stays that reduce trial chatter, every aspect of this bike is designed for speed.

     

    This XC-crushing machine is completed by a lightweight parts specification. Trek’s exclusive lightweight IsoStrut FOX Performance shock is designed specifically for Supercaliber and features an ultra-lightweight, full OCLV Mountain Carbon frame with 60 mm of travel

     

    THAILAND BICYCLE MARKET 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, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    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, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
         
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