According to the recent study the bicycle market is projected to reach an estimated $56.1 billion by 2027 from $39.6 billion in 2021, at a CAGR of 6.0% from 2021 to 2027. Growth in this market is primarily driven by raising fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
Browse 130 figures /
charts and 72 tables in this 178 -page report to understand trends,
opportunities and forecast in bicycle market by type (road bicycle, mountain
bicycle, kids bicycle, e-bicycle, and other bicycles) and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking
on below link https://www.lucintel.com/bicycle-market-report.aspx
“E-bicycle market is expected to remain
the largest segment during the forecast period.”
Based on type, the bicycle
market is segmented into road bicycle, mountain bicycle, kids bicycle,
e-bicycle, and other bicycles. Lucintel forecasts that the e-bicycle market is
expected to remain the largest segment due to the increasing demand for zero
emission climates, government regulations, and safety standards for bicycling.
Development of cycling infrastructure will have a larger impact on the electric
bicycle market in emerging markets in the coming years.
“Europe will dominate the bicycle market in near future.”
Europe is expected to
remain the largest region and witness the highest growth over the forecast
period due to government initiatives to promote sustainable transportation and
a healthier lifestyle.
Download Brochure of this report by clicking on https://www.lucintel.com/bicycle-market-report.aspx
Major players of bicycle
market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Giant Manufacturing,
Merida Industry Co. Ltd., Accell Group NV, Dorel Industry, Tube Investment of
India Ltd., Ideal Bike Corporation, Hero Cycles Ltd are among the major bicycle
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/bicycle-market-report.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
Glass
Packaging Market:
For more details click here https://www.lucintel.com/glass-packaging-market.aspx
Drinkware
Market:
For more details click here https://www.lucintel.com/drinkware-market.aspx
Eyewear Market:
For more details click here https://www.lucintel.com/eyewear-market.aspx
Hydration Bottle Market:
For more details click here https://www.lucintel.com/hydration-bottle-market.aspx
European Hydration Bottle Market:
For more details click here https://www.lucintel.com/european-hydration-bottle-market.aspx
US Hydration Bottle Market:
For more details click here https://www.lucintel.com/us-hydration-bottle-market.aspx
Coolers
Market:
For more details click here https://www.lucintel.com/cooler-market.aspx
Hydration Pack Market:
For more details click here https://www.lucintel.com/hydration-pack-market.aspx
Electric
Bicycle Market:
For more details click here https://www.lucintel.com/electric-bicycle-market.aspx
Telecom Tower Market:
No comments:
Post a Comment