Hybrid Bicycles Market Trends, Analysis & Forecast, 2032

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Hybrid Bicycles Market 2024-2032 Growth Forecast
Industry Share Report
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• Industry Insights

• Hybrid Bicycles Market to surpass USD 17.1 Bn by
  2032. The broader trend towards sustainability
  and eco-conscious choices in bicycles will
  augment the industry outlook. Several
  manufacturers are focusing on developing hybrid
  bicycles by deploying advanced lightweight
  materials, such as carbon fiber, aluminum alloys,
  and high-strength steel for the overall weight
  reduction of bikes.
• To illustrate, in February 2024, Chinese electric
  bike brand Heybike disclosed plans to launch its
  first carbon fiber E-bike with a 750W mid-drive
  motor. The strong focus on improving the
  performance, maneuverability, and portability of
  hybrid bicycles for making them more attractive
  to consumers is another emerging trend favouring
  the product demand.

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• The fitness and exercise application segment is
  expected to record lucrative expansion in the
  hybrid bicycles market from 2024 to 2032. The
  growth can be attributed to the ability of
  handling a variety of terrains offered by hybrid
  bikes. The presence of gear systems allows
  efficient pedaling, further promoting
  cardiovascular exercise and muscle engagement.
• Hybrid bicycles industry from the traditional
  technology segment is expected to expand
  exponentially up to 2032, led by their
  versatility in combining features of road bikes
  and mountain bikes. Traditional bicycles are
  suitable for various terrains, including paved
  roads, gravel paths, and light trails. With the
  growing concerns about environmental
  sustainability, more people are opting for
  eco-friendly transportation options. Benefits of
  adaptability, comfort, and suitability for
  diverse purposes to align with current lifestyle
  trends and preferences will also drive the
  segment growth.

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• Regional Analysis

• Europe hybrid bicycles market is estimated to
  record USD 4.3 billion in valuation by 2032
  driven by the higher presence of supportive
  government policies, subsidies, and incentives
  for cycling. The growing awareness about the
  environmental impacts of transportation is
  prompting regional consumers to choose hybrid
  bicycles as eco-friendly alternatives to
  traditional vehicles, providing multiple growth
  opportunities to several manufacturers. For
  instance, in January 2024, London-based GIN
  E-Bikes secured 580k for speeding up the
  production capabilities of its hybrid bikes.

• Competitive Analysis

• Jamis Bikes
• Kona Bikes
• Marin Bikes
• Merida Industry Co., Ltd.
• Orbea Bicycles
• Scott Sports SA
• Specialized Bicycle Components Inc.
• Trek Bicycle Corporation

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