Bicycle Market Research Report 2022: Share, Trends, Growth,
Bicycle market report
According to the latest report by IMARC Group, titled “Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global bicycle market size has reached approximately US$58 billion. in 2021. Looking ahead, IMARC Group expects the market to reach US$80 billion by 2027, growing at a CAGR of 5.6% over the period 2022-2027.
Base year: 2021
Forecast year: 2022-2027
Download a free sample of the report: https://www.imarcgroup.com/bicycle-market/requestsample
Global Bicycle Market Industry Definition and Application:
A bicycle is a two-wheeled pedal vehicle with brakes, drive chain, seat, rack and handlebars. It helps reduce body fat levels and improve a cyclist’s posture and limb coordination. In addition to this, it helps reduce anxiety and depression, prevent several diseases and increase cardiovascular fitness, flexibility, muscle strength and joint mobility. As a result, cycling is one of the preferred modes of transport for covering shorter distances.
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
Global Bicycle Market Trends and Drivers:
The rising prevalence of obesity, diabetes, and other lifestyle-related diseases is driving the growing adoption of bicycles, especially among the millennial population. This represents one of the key factors driving the demand for bicycles globally. In addition, increased traffic congestion and minimal availability of parking spaces increase overall product sales. Also, the emerging trend of dockless bike sharing systems integrated with Global Positioning Systems (GPS) is creating favorable market prospects. Additionally, the introduction of e-bikes is expected to boost the market.
Browse the full report with TOC: https://www.imarcgroup.com/bicycle-market
Analysis and segmentation of the global bicycle market 2022-2027:
The report has segmented the market based on region, type, technology, price, distribution channel, and end-user.
Breakdown by type:
Breakdown by technology:
Breakdown by price:
Breakdown by distribution channel:
Breakdown by end user:
Breakdown by region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Who are the major players in Bicycle Key?
Accell Group NV, Avon Cycles Ltd., Benno Bikes LLC, Cervélo (Pon Holdings BV), Dorel Industries Inc., Giant Manufacturing Co. Ltd., Kona Bicycle Company, Merida Industry Co. Ltd., Olympus Bikes, SCOTT Sports SA ( Youngone Corporation), Specialized Bicycle Components Inc. and Trek Bicycle Corporation (Roth Distributing Co. Inc.).
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