Market Share of Asia-Pacific Bicycle Industry
The Asia-Pacific bicycle market is highly fragmented and comprises many international and regional players. The market is dominated by some key players, like Merida Industry Co. Ltd, Hero Cycles Limited, and Giant Manufacturing Co. Ltd. The major companies in this market are venturing into manufacturing and innovating in the e-bicycles department, increasing their presence in Asian countries. To cater to opportunities in the growing Asia-Pacific bicycle market, major players are adopting various strategies to capture market shares. For instance, in April 2022, Neuron Mobility, a prominent micro-mobility player, rolled out 250 safety-focused e-bikes in Sydney, Australia. Notably, these Neuron e-bikes are equipped with Google Maps, aiding riders in locating the nearest bike, providing directions, and estimating travel times.
Asia-Pacific Bicycle Market Leaders
-
Bridgestone Corporation
-
Nixeycles
-
HMC Group
-
Giant Bicycles
-
Merida Industry Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
