2017-2027 Two-Rider Bicycle Market: Trends, Revenue and Opportunities | Techsci Research

A two-rider bicycle is a type of bicycle designed to be ridden by two people. It can come in different styles and configurations, such as tandem bicycles where the two riders sit one behind the other, or side-by-side bicycles where the riders sit next to each other. These bicycles can be used for recreational purposes, touring, or commuting, and are often favored by couples, parents and children, or friends who want to enjoy cycling together.

TechSci Research report predicts that the global two-rider bicycle market will experience impressive growth in the coming years, driven by the increasing demand for eco-friendly modes of transportation. The depletion of the environment is also a contributing factor. The growth is further fueled by rapid urbanization, the expansion of the automotive industry, and growing environmental concerns. Advancements in eco-friendly automobiles and rising demand for recreational activities also substantiate the growth of the market. The strict regulations towards fuel consumption and harmful emissions from vehicles have led to a rise in the usage of bicycles and green vehicles, thus further aiding in the growth of the global two-rider bicycle market.

Due to the COVID-19 pandemic, the automotive industry suffered significant losses, with restricted distribution channels and lack of import and export of vehicles. However, with relaxation in the rules and regulations, the industry is anticipated to regain its composure. Effective precautionary steps have allowed products and services to resume, and consumers have resumed the usage, thus driving the growth of the global two-rider bicycle market in the forecast period through 2027.

The global two-rider bicycle market is segmented based on propulsion, application, distribution channel, regional distribution, and competitive landscape. Conventional propulsion is anticipated to hold the largest revenue shares of the market due to its lower repair and maintenance costs compared to electric propulsion. The market is also fragmented based on applications, with mountaineering applications expected to dominate due to growing inclination towards sports and rising events and races related to mountaineering. The regional distribution is divided among Asia-Pacific, North American, European & CIS, South American, and Middle Eastern & African regions.

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Some of the market players, dominating the global two-rider bicycle market are :

• Cycling Sports Group, Inc.
• Co-Motion Cycles.
• da Vinci Tandem
• Kinethic Bikes
• Privacyverklaring Accell Nederland BV (KOGA)
• Santana Cycles
• Hase Spezialräder (Hase Bikes)
• Cannondale Bicycle Corporation
• Ritchey International SAGL
• Seven Cycles, Inc.

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“North America is anticipated to hold the largest market for the two-rider bicycle in the future years owing to the increasing advancement in the technology and growing recreational and leisure bicycling activities demands. The economies like the United States and Canada with higher instances of on-road traffic are expected to support the regional growth in the future five years. Asia Pacific region may also hold significant growth due to rising population in the countries like India, China, South Korea, etc. Rising disposable income among the population and their tendencies to spend lavishly over recreational activities also facilitates the market growth in the upcoming five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Two-Rider Bicycle Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Propulsion (Conventional, Electric), By Application (Mountaineering, Recreational, Conveyance), By Distribution Channel (Offline, Online), By Region”, has evaluated the future growth potential of global two-rider bicycle and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global two-rider bicycle market.

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