Shaft Drive Bike market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 7 million in 2020. Over the next five years the Shaft Drive Bike market will register a -31.7% CAGR in terms of revenue, the global market size will reach US$ 1 million by 2026. A shaft-driven bicycle is a bicycle that uses a drive shaft instead of a chain to transmit power from the pedals to the wheel. Shaft drives were introduced over a century ago, but were mostly supplanted by chain-driven bicycles due to the gear ranges possible with sprockets and derailleurs. Recently, due to advancements in internal gear technology, a small number of modern shaft-driven bicycles have been introduced.
The main reason is that in 2016 and the first half of 2017, the first generation shared bicycles were in market by Mobike, and the first generation shared bicycles was Shaft Drive Bike, but in the second half of the year 2017, the first generation shared a bicycle quit the market, so the data fluctuating a little bit obviously.
China has the largest global export quantity and manufacturers in Shaft Drive Bike market, while the North America is the second sales volume market for Shaft Drive Bike in 2016.
In the industry, Mobike profits most in 2016 and recent years, while TDJDC and Dynamic Bicycles ranked 2 and 3.The market share of them is 94.83%, 3.93% and 0.36% in 2016.The gap of market share is keep on enlarged due to different strategy.
Nowadays, there are four mainly types of Shaft Drive Bike, including Mountain Bike, Road Bike, Commuter Bike and Touring Bike. And Commuter Bike is the main type for Shaft Drive Bike, and the Commuter Bike reached a sales volume of approximately 500.84 K Unit in 2016, with 95.32% of global sales volume.
Shaft Drive Bike technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.
Top Key players in the Shaft Drive Bike Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Shaft Drive Bike Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Mobike, TDJDC, Dynamic Bicycles, Brikbikes, Beixo, Maruishi Cycle, E-Cruiser Bikes and others.
Global Shaft Drive Bike Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Shaft Drive Bike Market is segmented based on the type, applications, companies and regions.
By Type, Shaft Drive Bike Market has been segmented into
The end user’s industry application on Shaft Drive Bike Market is,
The report offers in-depth assessment of the growth and other aspects of the Shaft Drive Bike Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Shaft Drive Bike Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Shaft Drive Bike Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Shaft Drive Bike Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.