Market Research Future (MRFR) has published on the “Global Bicycle Saddle Market”.
The bicycle saddle market is estimated to register a CAGR of 7.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Bicycle Saddle Market— Brooks England, Selle Royal, WTB, Tioga, Fizik, Prologo, 4ZA, Specialized, SMP, Astute, ISM Seat.
Market Highlights
The global bicycle saddle market is accounted to register a CAGR of 7.20% during the forecast period and is estimated to reach USD 4.86 billion by 2032.
A growing trend among consumers is the heightened preference for bicycle saddles that prioritize comfort and support, driven by an increased awareness of the significance of ergonomic design. Cycling enthusiasts, particularly those engaged in extended rides, actively seek saddles that enhance comfort and alleviate pressure points. The expanding bicycle industry, fueled by the increasing desire for eco-friendly transportation and a health-conscious lifestyle, has concurrently elevated the demand for premium-quality saddles that align with these preferences.
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Segment Analysis
The global bicycle saddle market has been segmented based on type, and application.
Based on type, the market is segmented into Plastic, Leather, and Other. The leather segment was attributed to holding the largest market share in 2022. Â Leather saddles are often associated with a premium and classic aesthetic that appeals to a segment of cyclists seeking a stylish and high-end look for their bicycles. The inherent natural texture and feel of leather contribute to a luxurious and timeless appearance. Leather saddles are renowned for their durability and longevity. Cyclists often invest in leather saddles due to their ability to withstand wear and tear over time. This durability factor resonates well with consumers who view their bicycles as a long-term investment.
Based on the application, the Bicycle Saddle Market has been segmented into Mountain Bicycle, Road Bicycles, BMX Bicycles, and Others. The road bicycles segment was expected to hold the largest market share in 2022. Within the road cycling market, there is a strong demand for saddles that seamlessly integrate comfort and performance, catering to both professional athletes and avid enthusiasts. Manufacturers are strategically investing in the design of these saddles to guarantee sustained comfort during prolonged rides, concurrently enhancing pedaling efficiency. This commitment to saddle design aligns to provide road cyclists with products that not only prioritize comfort but also contribute to heightened speed and endurance, thereby meeting the evolving needs of the market.
Regional Analysis
The global Bicycle Saddle Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Bicycle Saddle Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Bicycle Saddle Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Bicycle Saddle Market comprises of Middle East, Africa, and Latin America.
The largest market share for the Bicycle Saddle Market was maintained by the North American regional sector. The surge in health and fitness consciousness has driven a notable uptick in the popularity of cycling as both an exercise regimen and a recreational activity. Notably, the United States stands as the world's largest health and wellness market, boasting 31,028 fitness clubs. However, it is crucial to highlight a recent decline in club numbers, experiencing a 10,000-unit reduction over the past three years, reflecting an annual growth rate of -9% compared to the +4.5% pre-Covid era. Despite this, industry revenue is on the rebound and currently stands at an estimated $10.7 billion. This overarching trend has significantly fueled the demand for bicycles and associated accessories, placing a particular emphasis on the need for high-quality saddles.
Moreover, the Europe market has been persistently growing over the forecast period. In the European market, there is a consistent and robust demand for bicycle saddles driven by cultural, environmental, and competitive factors. The continent's rich cycling tradition, coupled with well-established cycling infrastructure in many cities, creates a sustained requirement for high-performance and comfortable saddles catering to a diverse range of cyclists, including daily commuters and professional athletes. As cyclists increasingly recognize the critical role of saddle ergonomics in achieving their goals, there is a persistent demand for innovative saddle designs and advanced materials. The strong bicycle saddle industry in Europe reflects the enduring appeal of cycling as a practical and environmentally responsible lifestyle choice.
In recent times, the Asia-Pacific region has witnessed a significant surge in the demand for bicycle saddles, driven by several influential factors. One key driver is a cultural shift towards adopting healthier and environmentally friendly modes of transportation, exemplified by the growing popularity of cycling in many Asian nations. Notably, at least 2 in 3 urban Indians (67%) report cycling at least once a week, the highest globally, followed by China (66%) and the Netherlands (65%). In contrast, Canada (16%) and the UK (19%) have the lowest reported incidence of cycling. This cultural shift has led to an increased demand for saddles that prioritize comfort and ergonomic design, enhancing the overall cycling experience.
Furthermore, the rest of the world's Bicycle Saddle Market is divided into the Middle East, Africa, and Latin America. There is a notable shift in lifestyle preferences and a growing awareness of health and fitness in these regions. Cycling is increasingly being adopted as a recreational activity and a means of transportation, reflecting changing lifestyle trends.
Key Findings of the Study
- The global Bicycle Saddle Market is expected to reach USD 4.86 billion by 2032, at a CAGR of 7.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market because the emphasis on environmentally friendly modes of transportation is gaining momentum. Bicycles are seen as a sustainable and eco-friendly alternative to traditional modes of commuting, contributing to the rising demand for bicycles and associated accessories.
- Based on product, the leather segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.
- Brooks England, Selle Royal, WTB, Tioga, Fizik, Prologo, 4ZA, Specialized, SMP, Astute, ISM Seat
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Companies Covered | 15 |
Pages | 128 |
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