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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Many people who are trying to stay in shape are replacing their gym clothes with cycling shorts as gyms are closing as a result of stricter social distancing laws.As more and more individuals take to the roads to remain in shape, bicycle stores claim to have witnessed a dramatic spike in new business.
The situation is expected to return to normal shortly thanks to the monitoring of the COVID-19 impact, contingency planning, tightening of the financial steering, rigorous staff engagement and communication, coupled with consumer demand creation.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Bicycle sales boom amid pandemic | Rushing to purchase bikes for physical activity, shoppers swarm bike stores on BÃ Triu Street. | Vietnam | This would enhance better Technological Controls |
| 2 | Cycling emerges as new hobby among HCM City locals | HCM City announced a proposal to equip 500 bicycles with smart locks for public usage in the first few days of November. | Vietnam | This would enhance better Technological Controls |
| 3 | Dat Bike is the creator of Vietnamâs first domestic electric motorbike | To cut down on the quantity of gasoline consumed in Vietnam, Dat Bike is on a mission. | Vietnam | This would enhance better Technological Controls |
| 4 | Giant to open $48M Vietnam plant, H1 e-Bike revenue up 40% | The announcement that Giant Bicycles will invest US$48 million in a new manufacturing facility in southern Vietnam was made on Friday. | Vietnam | This would enhance better Technological Controls |
Therefore, it is anticipated that COVID-19 will act as a major spur for technological developments in the industry when Vietnam returns to normalcy. Electric bicycles are expected to be embraced more swiftly in nations with large populations of bikers, such as the Netherlands, Denmark, Germany, and China.
Electric bicycles, also known as pedicels, allow a speedier commute than regular bicycles and require less human effort to ride, addressing one of the classic bicycle's key drawbacks.
Fuji Ta is a leading mobiliser of the various explorer manufacturer requirements in the market.
The most cutting-edge lithium-ion battery technology, FOC vector frequency control technology, built-in motor system, torque sensor, specialized cycle rope (DBS, Bianchi), Halfords, Pegasus cooperation, and o2feel, the greatest brand in the world, and success as the production of high-quality products.
To ensure that every group of manufacturing lithium batteries was fully qualified, the electrical laboratory underwent stringent testing.
Asama Bikes is a leading mobiliser of the various explorer manufacturer requirements in the market.
The carbon disc frame on the Bianchi Specialism is light (just 750g), wherein the bike factory manufactures various bike parts and components in addition to producing and assembling finished bikes. The ASAMA brand first entered the Vietnamese bicycle market since 2004.
| 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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