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1. India Bicycle
Market Outlook 2022
SEPTEMBER 2017
BONAFIDE RESEARCH
By Monica Sirohi, Sales Consultant

2. Executive Summary
The bicycle production capacity in
India is mainly dominated by low-
value bicycles/standard bicycles.The
Indian manufacturers have negligible
share in the global high and medium
value bicycle exports and export
standard bicycles to low-developed
economies. Moreover, despite India
being the second largest bicycle
manufacturer is still lagging behind in
terms of technology related to raw
materials, components, and
production technology, which are the
key barriers for the industry to be able
to produce competitive
products.market is reasonably a big
industry in terms of revenue with a
stagnant growth rate.
Bonafide Research

3. Demographic
Market Share
Hero and TI holds more than
50% of the market share.
Avon and Atlas are at the same
level.
Unorganized market is also in
the race giving fair
competition.
Bonafide Research

4. Types of Bicycle (as per demand)
Roadster Fancy Kids
Hybrid
Othes with around
12% market share
Bonafide Research

5. B O N A F I D E R E S E A R C H
top
pLAYERS
T O K N O W W H Y T H E A R E L E A D I N G
R E A D O U R R E P O R T
HERO
CYCLES
LTD
TUBE
INVESTMENTS
OF INDIA LTD
AVON
CYCLES
LTD
ATLAS
CYCLES
LTD
FIREFOX
BIKES PVT
LTD
STARKENN
SPORTS
PVT LTD

6. Methodolodgy
Primary calls to B levels of the
companies
Purchased Financials and
analyzed them
Tried to reach C level executives
to know their perspective
Performed reach analysis
Company profile Preparation
using SWOT analysis
Competition mapping
Checked for drivers and challenges
Experts and analysts prepared PEST
and Five Forces analysis
Provided distinct strategic
recommendations
Quality check to ensure uniqueness
HOW WE WORKED

7. Thank you for Reading!
If you have any questions or concerns, just shoot us
an email at info@bonafideresearch.com
www.bonafideresearch.com