Giant started out as a manufacturer of other brands of bike. Dive into financial reports (which may be more difficult to find if your competitors are private companies), blog posts, press releases, and news articles. Today, Trek is a billion-dollar company with 2,000 employees, half of whom work in Wisconsin, and it still makes custom road bikes by hand in the US. Entertaining and motivating original stories to help move your visions forward. Consumers preferring hot beverage decide if they want to go for tea and coffee and then decide the brand. $ 1 Billion. In the landscaping example, your indirect competitors would be businesses that facilitate do-it-yourself lawn care, like local nurseries, home improvement centers, and hardware stores. 3,410. All three feature their advanced-grade composite frame with an OverDrive steerer. @TrekBikes. Here too, the pharmaceutical manufacturing companies compete indirectly with one another as the basic composition is the same; they only produce it in their own brand name. The government's policies supporting the use of green technologies, including e-bikes, essentially drive the growth of the Chinese e-bike market. Free and premium plans, Customer service software. Click here. But depending on which style you are interested in, one may be slightly better than the other. Manual Checking. Example: McDonald's and Subway. Both brands manufacture great designs, but more people tend to prefer Trek bikes. While both are apples and oranges by nature, they can both satisfy thirst, therefore, are indirect competitors. They are also a great mode of transportation since they combine the comfort of a car with the fun of riding, which makes them particularly handy for leisure activities. It merged with GT in the 1990s, filed for bankruptcy and was eventually acquired by Pacific Cycle. It's something that exists across several fields, including psychology, biology, economics and businesses alike. Its most affordable models cost more than $1000 and its top-of-the-line racing bikes go for more than $5000 or $6000. Giant offers a lifetime warranty on all frames, except their downhill models, which is three years. The Bicycle Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Adults looking forward to desserts first make a choice between ice-cream like Metro, Dairy Milk or Frozen desserts like Gelato Italiano or Kwality Walls.