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Bicycle Manufacturing Industry. How to Start Bicycle Factory. Profitable Manufacturing Business Idea.

Thursday, October 26, 2017

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A vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddlelike seat.

A vehicle that provides a scenic and effective form of exercise. A vehicle that does not use fossil fuel and takes up less space than a motor vehicle. A sustainable form of transportation.

Many overweight and out-of-shape people in the US could use a bicycle instead of defending their right to own a large fuel-chugging vehicle and blaming spikes in fuel prices on the Arabs. Obesity in Europe and Asia is much lower than in the US in part because many people travel by bicycle instead of by car.

A bicycle, is a human-powered, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other. A bicycle rider is called a cyclist, or bicyclist. Bicycles were introduced in the 19th century in Europe and, as of 2003, more than a billion have been produced worldwide, twice as many as the number of automobiles that have been produced. They are the principal means of transportation in many regions. They also provide a popular form of recreation, and have been adapted for use as children's toys, general fitness, military and police applications, courier services, and bicycle racing.

Bicycles are one of the oldest forms of transportation. Even today millions of people travel by bicycle daily to their work, college, universities and distant places. We are promoted from our childhood days to do cycling as it is one of the easiest ways to keep fit and healthy and works well towards environment protection. They are made of different components that are simple in working. Today there are different types of cycle for different kind of cycling experiences.

Bicycles are used for transportation, bicycle commuting, and utility cycling. It can be used as a 'work horse', used by mail carriers, paramedics, police, messengers, and general delivery services.

 

Few Indian Major Players are as under

•        Atlas Cycles (Haryana) Ltd.

•        Atlas Cycles (Malanpur) Ltd.

•        Atlas Cycles (Sahibabad) Ltd.

•        Atlas Cycles (Sonepat) Ltd.

•        Avon Cycles Ltd.

•        Cycle Corporation of India Ltd.

•        Hamilton Industries Pvt. Ltd.

•        Hero Cycles Ltd.

•        Metro Exporters Pvt. Ltd.

•        Milton Cycle Inds. Ltd.

•        National Bicycle Corpn. Of India Ltd.

 

Market Outlook

India is among the largest manufacturers of bicycles in the world. Rising from government initiatives, increasing health consciousness among all age groups.

Bicycle market in India is projected to grow at a CAGR of over 11% during 2016-2021, on account of rising population base in the country.

Various state governments are focusing on the launch of bicycle distribution programs for school children and is anticipated to emerge as one of the major factors propelling demand for bicycles in the country in the coming years.

India is the second largest player after China (50 million units), in the approximately 100 million unit global bicycle market.

India produces approximately 10% of the world annual bicycle production, which is estimated at 125 Million units.

The annual domestic demand of bicycles in India is approximately 10 million units out of which around 2.5 million units is a government demand for the various welfare schemes.

 

Bicycles

Demand : Past and Future

Year

(In Million Number)

1990-91

7.50

2000-01

14.55

2001-02

14.50

2002-03

13.00

2003-04

13.60

2004-05

13.40

2005-06

12.70

2006-07

13.60

2007-08

14.00

2008-09

11.82

2009-10

13.50

2010-11

15.18

2011-12

16.45

2012-13

13.85

2013-14

14.28

2014-15

15.33

2015-16

15.75

2016-17

16.20

2017-18

16.65

2018-19

17.00

2019-20

17.45

2024-25

19.75

 

The global market for bicycle raked in more than US$ 45 Billion 2015 and set to reach US$ 62.39 Billion over 2024. Amongst regions, Asia-Pacific will continue exhibits lucrative market opportunities for bicycle companies during the assessment period.

 

See more

https://goo.gl/peFn8a

https://goo.gl/kaDL7z

 

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Tags

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