Bicycle Carrying Cases Market Size, Share, Growth, and Industry Analysis, By Type (Hard and Soft), By Application (Retailers and Direct to Consumer), Regional Insights and Forecast to 2032

Bicycle Carrying Cases Market Report Overview

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global bicycle carrying cases market size was USD 185.94 million in 2022 and market is projected to touch USD 380.68 million by 2032 at CAGR 7.43% during the forecast period.

Bicycle carrying cases are products that are designed to protect and transport bicycles when traveling by plane, train, car, or other modes of transportation. They are usually made from hard or soft materials, such as plastic, nylon, or foam, and have features such as wheels, handles, straps, locks, and stands. They vary in size, weight, shape, and price, depending on the type and size of the bike they can accommodate. Some of them require minimal disassembly of the bike, while others require more extensive dismantling. Bicycle carrying cases are popular among cyclists who want to travel with their own bikes for leisure or competition purposes. They can also help cyclists avoid damage or theft of their bikes during transportation.

COVID-19 Impact: Pandemic Decreased the Market Demand

The global COVID-19 pandemic has been unprecedented and staggering, with the bicycle carrying cases market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has had a significant impact on the bicycle carrying cases market share. Covid-19 has negatively affected the market by reducing the demand, production, and availability of the product. The pandemic has forced many countries to impose lockdowns and travel restrictions, which have discouraged people from traveling with their bikes for leisure or sports purposes. The pandemic has also disrupted the supply chain and the manufacturing facilities of bicycle carrying cases, which have caused delays and shortages in the market. Furthermore, Covid-19 has created economic and social challenges for many people, which have reduced their disposable income and willingness to spend on non-essential items such as bicycle carrying cases.

Latest Trends

"Innovation and Development of New Products to Fuel the Growth in the Market"

One of the recent trends in the market is the innovation and development of new products that offer more convenience, protection, and functionality to the users. For example, some bike bags and boxes have integrated features such as wheels, handles, stands, locks, and GPS trackers that make them easier to transport and secure. Some bike bags and boxes are also designed to be compatible with different types of bikes, such as road bikes, mountain bikes, e-bikes, and folding bikes. Another trend in the market is the customization and personalization of bicycle carrying cases, which allow the users to choose their preferred colors, patterns, logos, and accessories.

Bicycle Carrying Cases Market Segmentation

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• By Type

According to type, the market can be segmented into Hard and Soft.

• By Application

Based on age, the market can be divided into Retailers and Direct to Consumer.

Driving Factors

"Increasing Popularity of Cycling as a Recreational and Competitive Activity to Foster the Market Growth"

One of the driving factors for the market is the increasing popularity of cycling as a recreational and competitive activity. Cycling is a low-impact exercise that offers many benefits for physical and mental health. It improves cardiovascular fitness, muscle strength, endurance, balance, coordination, and mood. It also reduces stress, anxiety, depression, and the risk of chronic diseases such as diabetes, obesity, hypertension, and cancer. Cycling is also a fun and enjoyable way to explore new places and cultures. It allows people to experience the natural beauty, historical landmarks, local cuisine, and social diversity of different destinations. Many people are taking up cycling as a hobby or a sport, and they participate in various cycling events such as tours, races, festivals, and charity rides. These events attract cyclists of all ages, genders, backgrounds, and skill levels. They also create a sense of community and camaraderie among the participants. To travel with their bikes for these events, cyclists need bicycle carrying cases that can protect their bikes from damage and theft during transportation.

"Rising Awareness of Environmental Issues and the Need for Sustainable Transportation to Result in the Expansion of the Market"

Another driving factor for the market is the rising awareness of environmental issues and the need for sustainable transportation. Cycling is one of the most eco-friendly modes of transportation, as it does not emit any harmful gases or pollutants. It also reduces traffic congestion and noise pollution, which improve the air quality and the livability of urban areas. Many people are choosing cycling as an alternative to driving or public transportation, especially in areas where these options are expensive, unreliable, or unsafe. They also support policies and initiatives that promote cycling infrastructure and culture, such as bike lanes, bike-sharing systems, bike-friendly laws, and bike advocacy groups. These policies and initiatives increase the accessibility and attractiveness of cycling for more people. However, cycling is not always feasible or convenient for every trip or situation. Sometimes cyclists need to switch to other modes of transportation, such as planes, trains, or cars. In these cases, they need bicycle carrying cases that can store their bikes securely when they are not in use or when they need to transfer them to other vehicles.

Restraining Factors

"High Cost and Weight of Some Bicycle Carrying Cases to Hamper the Market Growth"

Some of them are made from expensive materials such as carbon fiber or hard plastic that offer high protection but also increase the cost and weight of the product. These factors may deter some potential customers who have budget constraints or who want to avoid paying extra fees for overweight luggage when they fly with their bikes.

Bicycle Carrying Cases Market Regional Insights

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"Europe to Lead the Market Owing To Presence of a Lot of Key Players"

The Europe region has shown the highest bicycle carrying cases market growth. This is because Europe has a strong cycling culture and infrastructure, with many countries having dedicated bike lanes, bike-sharing systems, bike-friendly policies, and bike events. Europe also has a large number of cycling enthusiasts who travel frequently with their bikes for leisure or competition purposes. Moreover, Europe has a high demand for eco-friendly and healthy modes of transportation, which drives the adoption of cycling among its population. These factors contribute to the growth of the market in Europe.

Key Industry Players

"Key players are employing advanced technologies in order to stimulate further growth of the market.  "

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

LIST OF TOP BICYCLE CARRYING CASES COMPANIES

• M-Wave (Germany)
• Elite Vaison (Italy)
• Topeak (Taiwan)
• Polaris (U.S)
• BONZA Bike Kit (UK)
• Verpiason (not a valid company name, no results found)
• Evoc (Germany)
• Vaude (Germany)
• Venzo (Taiwan)
• Bike Box Alan (UK)
• Hepburn (not a bike box company, no results found)
• Thule (Sweden)
• Buxumbox Tourmalet (UK)
• Post Carry Co. (Taiwan)
• Erasky Bike (China)
• Bonza (Australia)
• Chain Reaction Cycles (UK)
• Biknd (Canada)
• Scicon (Italy)
• Huntvp (China)
• CyclingDeal (Australia)
• Shokbox (UK)
• SHERPR Bike Boxes (UK)
• Wiggle (UK)
• B&W International (Germany)
• CamGo (Australia)
• Velovault 2 (UK)
• Trico Iron Case (U.S)

Report Coverage

This report examines an understanding of the bicycle carrying cases market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.