Bicycle Market By Industry Statistics, Progression Status, Emerging Demands, Recent Trends, Business Opportunity, Share and Forecast To 2030

Transparency Market Research delivers key insights on the global bicycle market. In terms of revenue, the global bicycle market is estimated to expand at a growth rate of 5.5% during the forecast timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global bicycle market report.

In the report, TMR predicts that the global bicycle market would be largely driven by growing bicycle production across the globe and growth in population, which has led to the adoption of bicycles globally, mainly in countries such as the U.S., Germany, China, and India that is expected to boost the growth of the bicycle market in the upcoming years.

In the bicycle market research report, in terms of type, the market has been divided into road bicycle, mountain bicycle, hybrid bicycle, touring bicycle, fitness bicycle, cruiser bicycle, cyclocross bicycle, and others. The demand for road bicycles is high at the global level. Major factors driving market growth of road and mountain bicycles are the health benefits that they offer, including increased cardiovascular fitness, muscle strength, and flexibility, improved joint mobility, decreased stress levels, better posture and coordination, strengthened bones, and lowered body fat levels. 

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Based on technology, the global bicycle market has been classified into conventional and electric. The demand for electric bicycles is increasing at a higher pace. Battery powered cycle tops at 25 kmph, which means given a free road, it can travel 4 km in approximately 10 minutes. In the event of a roadblock, it can easily be maneuvered within the traffic, or bypass the main road via streets– a luxury that not even traditional two wheelers have. This is one of the greatest advantages of an electric bicycle.

In terms of gear type, the global bicycle market has been divided into without gear and with gear. Gearless bicycles are expected to have higher demand in the upcoming years. Gearless cycles are easy to use. Consumer do not have to worry about the correct gear combinations or shifting gears accurately. They can enjoy a simple ride and experience relaxation. Bicycles provide increased cardiovascular fitness, which is one of the market growth factors.

Bicycle Market: Prominent Regions

Asia Pacific accounted for a major share of the bicycle market in 2019. Increasing efforts to maintain a healthy lifestyle coupled with easy government rules and regulations pertaining to manufacturing units are expected to boost the growth of the market. North America is the second largest bicycle market as a result of high consumer adoption rate. Key factor driving the market growth in North America is rising demand for bicycles from health conscious people. The U.S. is one of the key COVID-19 affected countries, which is slowing down the market growth.

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The COVID-19 pandemic in different European countries has had a major impact on this market. It has been observed that bicycle sales have dropped in the first quarter. However, after relaxation of lockdown, consumer demand for bicycles has increased drastically in Germany, France, Spain, and other European countries. Furthermore, consumer demand for premium products is driving the market, apart from high spending power of the middle class population.

Bicycle Market: Key Players

Some of the key players operating in the bicycle market are BMC Switzerland AG, Boardman Bikes Ltd, Cannondale Bicycle Corporation (Cycling Sports Group, Inc.), Firefox Bikes, Fuji Bike Worldwide, Giant Bicycle, SCOTT Sports SA, Shimano Inc., Specialized Bicycle Components, Inc., and Trek Bicycle Corporation.

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Bottled Craft Beer Market Analysis 2020: Latest Development, Regional Demand, Top Players Profiling and CAGR Forecast to 2027

 

• Craft beer is made in small breweries in a traditional manner. Craft beer were initially produced in small batched for brewpubs. Due to its acceptance and increase in demand, craft beer is now filled in bottles and not limited to brewpubs.
• Consumer habits are constantly evolving and to cater their needs, several companies are launching bottled craft beer in different flavors.

Increase in Number of Breweries to Drive Global Market

• Bottles are elegant when it comes to appearance and are available in various shapes, sizes, and styles. Bottles can be sealed with unique caps to give them a distinct look. Bottled craft beer are also given as gift hampers in several countries.
• Craft beer brands tie up with chef-owned restaurants, fine dining restaurants, hotels, and millennial hotspots to promote bottled craft beer. Rapid increase in small breweries in various countries and change in lifestyle are projected to drive the bottled craft beer market during the forecast period.
• The market for bottled craft beer is still untapped in various countries across the globe. Thus, it offers growth and expansion opportunities to manufacturers.

Popularity of Bottled Craft Beers at Beer Festivals and Events

• Beer festivals are held in various countries across the globe. Bottled craft beer is marketed in music festivals, food festivals, and other events. Glass bottle packaging also significantly improves the overall packaging of bottled craft beer, in terms of aesthetic, durability, hygiene, and appeal.

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Europe to Hold a Leading Share of Global Bottled Craft Beer Market

• Geographically, the global bottled craft beer market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the bottled craft beer market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the bottled craft beer market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America bottled craft beer market is segmented into Brazil, and Rest of South America.
• Europe hold the largest market share and are expected to hold the same position during the forecast years. Increasing number of consumers seeking flavourful and innovative options are turning to craft beer.

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Key Players Operating in the Bottled Craft Beer Market:

Craft beer manufacturers are collaborating with local players to enter new markets and conducting promotional events to advertise their brands. A few of the key players operating in the global bottled craft beer market are:

• Heineken N.V.
• United Breweries Group
• The Boston Beer Company, Inc.
• MillerCoors
• Sierra Nevada Brewing Co.
• New Belgium Brewing Company
• Independent Brewers United

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AMR Sensor Market 2020-2027 Growth Analysis, Trends, Key Feature, Dynamic Innovation and Forecast

 

• AMR i.e. anisotropic magneto-resistive sensors are sensing devices that measure variation in the magnetic field angle. AMR sensors can be used in any environmental condition, as they can precisely detect positive and negative magnetic fields. AMR sensors offer high performance in various applications, due to their robust design and resistance to vibrations.
• AMR sensors are widely used for detection of end point across various applications. For example, in traffic detection, AMR sensors can identify even a small level of disturbance caused by vehicles.
• AMR sensors are used in applications across multiple devices including mobile phones, laptop PCs, refrigerators, smart gas meters, and water meters. They are also used in different industrial and medical applications such as industrial automation, X-ray equipment, and prosthesis steering.
• AMR sensors are used in multiple applications due to their various capabilities including precise slide detection, rotation detection, and open and close detection. These capabilities make AMR sensors useful for mobile phones, refrigerators, laptops, and other home appliances and consumer electronics products.

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Growing Use of Smart Meters Worldwide Boosting Global AMR Sensor Market

• Adoption of smart meters including water and gas meters is on the rise, owing to the increasing non-water revenue caused by water wastage or leakage, government efforts to improve utility usage, and evolving smart grid infrastructure across the globe
• AMR sensors can precisely detect rotational displacement. Also, they can accurately detect abnormal reverse flow of water in smart water meters, which helps avoid overbilling.
• Moreover, in smart gas meters, accurate detection of rotational displacement leads to precision in the gas flow detection. Thus, growing adoption of smart meters is, in turn, boosting the global AMR sensor market.

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Asia Pacific to Lead Global Market

• In terms of region, the global AMR sensor market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Asia Pacific is anticipated to dominate the global AMR sensor market throughout the forecast period, as several manufacturers of AMR sensors operate in the region and they are constantly investing in the development of technologically advanced products used in multiple applications. Countries such as China, Japan, South Korea, and India contribute to the major market share of the region. Furthermore, expanding presence of players in the consumer electronics sector and steadily growing automotive industry in the region, especially in China, is expected to boost the market for AMR sensors in Asia Pacific.
• The AMR sensor market in North America and Europe is expected to expand at a substantial rate during the forecast period. The market is these regions is propelled by increasing adoption of smart meters in countries such as the U.S., Germany, France, and the U.K. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate rate during the forecast period.

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Silicon Carbide Diodes Market Analysis 2020: Latest Development, Regional Demand, Top Players Profiling and CAGR Forecast to 2027

 

• Silicon carbide is a semiconductor compound with superior power characteristics than silicon, which make it ideal for use in power electronics applications
• In a silicon carbide diode, a connection is formed between the semiconductor and the metal to create a Schottky barrier
• Silicon power diodes with the highest performance are known as Schottky barrier diodes. These diodes have the lowest reverse recovery time, which reduces switching losses and increases system efficiency.
• Silicon carbide diodes are available in low weight and small size, and at an affordable price. They offer high efficiency and operation at high temperatures, due to which they are increasingly used in applications such as solar inverters, telecom power supplies, switch-mode power supplies, uninterruptible power supplies, industrial motor drives, and electric vehicle charging stations.
• Silicon carbide diodes are employed in various end-use sectors such as automotive, industrial, and energy & utility.

Rise in Demand for Silicon Carbide Diodes in Power Supply Applications

• Silicon carbide diodes are largely used in power supply applications such as computers and telecommunications, as they have extremely low forward voltage drop, which helps reduce the power loss and increase the system efficiency.

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• Additionally, due to low forward voltage drop, silicon carbide diodes have higher switching speed than comparable p-n junction diodes
• Moreover, rise in the demand for renewable energy sources across the globe is also boosting the global silicon carbide diodes market, as these diodes are used in renewable energy systems, owing to their high reliability and reduced switching loss
• As a result of these advantages, the demand for silicon carbide diodes for use in electric and electronic applications is increasing. This is expected to drive the global silicon carbide diodes market during the forecast period.

Automotive Segment to Witness Lucrative Opportunities

• Based on end-use industry, the global silicon carbide diodes market can be segmented into automotive, industrial, and energy & utility
• The automotive industry has emerged as an attractive sector for investments for organizations across the globe. In this sector, silicon carbide diodes are increasingly used in electric vehicles and electric vehicle charging stations. Several manufacturers of silicon carbide diodes are focusing on providing products with high efficiency, high-frequency operations, reduction in the system cost and complexity, and low switching loss.
• Additionally, use of silicon carbide diodes in automobiles is beneficial, as it makes power conversion systems in electric vehicle charging stations more reliable.

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• Thus, increase in use of silicon carbide diodes in the automotive industry is expected to offer lucrative opportunities to the global silicon carbide diodes market during the forecast period

Asia Pacific to Lead Global Silicon Carbide Diodes Market

• In terms of region, the global silicon carbide diodes market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Asia Pacific is anticipated to dominate the global silicon carbide diodes market throughout the forecast period, due to rising demand for electric vehicles and increasing focus on renewable energy generation in China and South Korea
• The silicon carbide diodes market in North America and Europe is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate rate during the forecast period.

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Ultra-light Aircraft Market Forecast 2020–2027 By Global Industry Trends, Future Growth, Regional Overview, Share Estimation, Revenue, and Outlook

 

• Ultra-light aircraft are lightweight aircraft with the capacity to carry one or two individuals, which weigh around 200-750 kilograms
• Ultra-light aircraft are used in travelling short-range distance and at low altitudes. They are largely used for sports and recreational activities.

Increase in Recreational Activities to Drive Global Ultra-light Aircraft Market

• Increasing interest of people in sports and recreational activities promotes growth of the global ultra-light aircraft market
• Owing to the low weight and reduced seating capacity of ultra-light aircraft, the cost of a basic ultra-light aircraft is much lower than that of a normal aircraft. This, in turn, fuels the demand for ultra-light aircraft for use in sports and other recreational activities.

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Increasing Use in Defense Sector to Drive Global Ultra-light Aircraft Market

• Security of a country is one of the most important concerns for the military & defense sector in the country. In the military & defense sector, ultra-light aircraft are used for surveillance and monitoring of border areas.
• In hilly areas, where vehicles are unable to monitor borders and enemy activities, ultra-light aircraft are much useful
• Moreover, rise in investments by governments and increasing budget for the military & defense sector drives the global ultra-light aircraft market

North America to Lead Global Ultra-light Aircraft Market

• In terms of region, the global ultra-light aircraft market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is anticipated to hold a significant share of the global ultra-light aircraft market during the forecast period. It is estimated to be followed by Europe in the near future. Dominance of North America is attributable to high demand for ultralight aircraft and risen spending of people in the region on recreational activities.
• The ultra-light aircraft market in Asia Pacific is projected to expand at a rapid pace, led by increase in commercial applications of ultra-light aircraft. The market in Middle East & Africa and South America is expected to expand at a moderate pace in the near future. Middle East & Africa and South America offer high potential for growth of the ultra-light aircraft market.

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Key Players in Global Market

Prominent players operating in the global ultra-light aircraft market are focusing on technological advancements and expansions to meet the rising demand for ultra-light aircraft. Key players operating in the global ultra-light aircraft market are:

• G1 Aviation
• AutoGyro GmbH
• TL-ULTRALIGHT, s.r.o.
• Aeropro s.r.o.
• Quicksilver Aircraft
• Textron Aviation Inc.
• CubCrafters
• Cirrus Aircraft
• Pilatus Aircraft Ltd

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RF Shielded Test Enclosures Market Forecast 2020–2027 By Global Industry Trends, Future Growth, Regional Overview, Share Estimation, Revenue, and Outlook

 

• RF shielded test enclosures, also called RF shielded test boxes, are used for testing of RF and microwave devices in an isolated test environment, which lacks interference of other devices as well as the external environment
• These test boxes are used in isolation from unintended electromagnetic interference in noisy surroundings. In order to check whether a device is functioning up to the mark in an isolated environment, these boxes are used by equipment manufacturers.
• Shielding is typically used in enclosures in order to isolate the electric devices inside them from external influences and for cables in order to isolate wires from the environment through which the cable runs
• Previously, the above-mentioned process was being performed in anechoic chambers. These chambers are large rooms, which are highly expensive. Shielded test chambers are compact boxes, which can be placed on a table in a test lab.

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Key Drivers and Restraints of Global RF Shielded Test Enclosures Market

• New advancements in materials used for manufacture of RF shielded test enclosures, such as shield metalwork (or metallization), are offering a low-inductance RF ground reference. This a key factor driving the global RF shielded test enclosures market.
• Manufacturers are designing RF shielded test enclosures with compact size, which are large enough for system tests. The material used in these RF shielded test enclosures is rugged welded aluminum.
• Manufacturers are focusing on making these boxes with high effectiveness in terms of RF shielding so that operations can be smooth and trouble free throughout their life. Moreover, new and advanced RF shielded test enclosures are available with a wide variety of connector options.
• During the production process, wireless devices often need to be activated without any external interference for quality and process control checks. In order to insure that radio frequency signals are solely from the individual unit being tested, the RF isolation is required on assembly lines or in test areas.

Semiconductor & Electronics Segment to Lead Global RF Shielded Test Enclosures Market

• Use of electronic devices is increasing, so is the exposure to a wide range of frequencies. Radiation and immunity need to be taken into account in early stages of the development of new products.
• Usage of RF shielded test enclosures is the most rapid method to prevent electromagnetic interference and comply with legal requirements issued by bodies such as CE or FCC. Hence, these enclosures are required in the semiconductor & electronics industry.
• RF shielded test enclosures can be used for appliances with high radiation or sensitivity levels or for products wherein these levels are not known in advance, for example, modular enclosures. Shielding are used while dealing with sensitive measurements that can be affected by ambient fields.
• Thus, the RF shielded test enclosures market is consistently expanding, especially in China, South Korea, and parts of North America, where manufacturers of semiconductor and electronics products are numerous

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Galvanic Corrosion and Openings in RF Shielded Test Enclosures to Hamper Market

• Manufacturers use the conductive layer on the outside of the gasket, which is in the same galvanic range as that of the construction material in order to prevent galvanic corrosion, which weakens the electric conduction within the structure. This decreases the shielding performance.
• It is important to prevent gaps in the enclosure, especially at frequencies above 5 kHz. High frequencies ranging between 100 MHz and 40 GHz are very sensitive if there is even a small gap in the enclosure.
• The higher the frequency, the more attention is to be paid to prevent holes and gaps in the shield. These factors are projected to hinder the global RF shielded test enclosures market during the forecast period.

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Firewire Cables Market Overview 2020 Movements by Key Findings, Covid-19 Impact Analysis, Progression Status, Revenue Expectation to 2027

 

• Firewire cables are largely used to connect devices that have integrated firewire ports. Firewire is an I/O interface standard designed by Apple, Inc. to provide high data transfer speeds.
• Firewire cables is a part of the quickest serial technology designed for connecting a computer to a peripheral device or for connecting devices with one another by using a particular cable design assembly
• Various firewire cable design assemblies available in the market are: 4-pin to 4-pin, 4-pin to 6-pin, 4-pin to 9-pin, 6-pin to 6-pin, 9-pin to 9-pin, and 9-pin to 6-pin. These design assemblies are used to connect external hard drives, computer monitors, DVD decoders, and digital camcorders.
• Furthermore, firewire cables are capable of providing data transfer at a rate as high as that offered by a USB 2.0 cable. This advantage of firewire cables over USB cables also offers a reliable, simple, and economical connection.
• Firewire cables are also known as IEEE 1394 cable, DV cable, and I. Link cable

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Key Drivers of Global Firewire Cables Market

• Growing use of consumer electronics devices such as cameras, scanners, laptops, and memory storage devices worldwide is a key factor driving the adoption of firewire cables during the forecast period

Consumer Electronics Segment to Witness Significant Growth

• Among end-use industries, the global firewire cables market can be segmented into automotive, industrial, consumer electronics, data/communications, and medical devices
• The consumer electronics segment is expected to witness significant growth during the forecast period, owing to high adoption of firewire cables in multiple applications such as camcorders, scanners, printers, DVD players, set-top boxes, computer monitors, audio video receivers, hard drives, and audio recording devices
• Owing to the above-mentioned factors, the consumer electronics segment is likely to witness significant growth during the forecast period

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Asia Pacific to Hold a Major Share of Global Firewire Cables Market

• In terms of region, the global firewire cables market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• The firewire cables market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period. This growth can be attributed to presence of a large number of cable manufacturers and continuously rising demand for consumer electronics devices in the region.
• The firewire cables market in North America and Europe is likely to witness stagnant growth between 2019 and 2027. The market in Middle East & Africa and South America is estimated to witness sluggish growth during the forecast period.

Key Players Operating in Global Firewire Cables Market

The global firewire cables market was highly fragmented in 2018, with a large number of manufacturers accounting for a major market share. Prominent players operating in the global market are focusing on designing of more advanced products in order to meet the rising demand for firewire cables in the consumer electronics industry. Moreover, manufacturers are increasing their investments in research and development activities for the development of more user-friendly and reliable products with high data transfer capacity.

Key players operating in the global firewire cables market are:

• Phoenix Contact (I) Pvt. Ltd.
• CnC Tech, LLC
• Molex
• Bulgin
• Tripp Lite
• Luxshare Precision Industry Co., Ltd.
• TE Connectivity Ltd.
• Cablek industries 
• Apple Inc.

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