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Global Bicycle Market Forecast (2024-2030): In-Depth Industry Analysis by Type, Product, End User, and Region

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aarti ghodke
Global Bicycle Market Forecast (2024-2030): In-Depth Industry Analysis by Type, Product, End User, and Region

 

Bicycle Market Overview

Bicycle Market are an eco-friendly means of transportation, with countless variations such as cargo bikes, electric bikes and mountain bikes. Bicycles are easy to use and are considered one of the safest means of transportation. In addition, major cycling associations such as Go out, Tour Somewhere, Easy Rider Bike Club and Road Soldiers Cycling Club share important motivations to raise consumer interest in cycling. They participate in a variety of sporting tournaments, leisure activities, cycling rallies, and competitions that motivate customers to use their bicycles. In addition, the trend towards cycling is well established in Europe and North America. This is due to the fact that most of the tournaments such as the Tour de France and LoToJa are held in these areas. Bicycle market is expected to register CAGR of 7% during the forecast period.

 

To access more d etails regarding this research, visit the following webpage:https://www.stellarmr.com/report/req_sample/Bicycle-Market/179

 

Bicycle Market Report Scope and Research Methodology

An growing software base of bicycles in hiking and leisure sports, coupled with a growing quantity of biking occasions, is anticipated to propel the call for bicycles in each well-known and sports activities bicycles. The growing impact of superstar endorsement and growing media insurance for such occasions are anticipated to in addition gasoline marketplace boom.? Furthermore, numerous governing our bodies in European countries, inclusive of Cycling Ireland, sell avenue racing, travelling and amusement biking, tune racing, and off-avenue racing occasions are driving bicycle market growth. For instance, in line with the Irish Sports Council, investments made with the aid of using Sport Ireland in the direction of Cycling Ireland accelerated from EUR 292.five thousand in 2015 to EUR 440 thousand in 2019, which recommended the involvement of clients in numerous biking sports in Ireland.?

 

Bicycle Market Regional Insights

Asia - Pacific was dominant in the bicycle market with a revenue share of over 33%. This region is also expected to become the fastest growing segment with a CAGR of over 8.0% in the coming years. Countries such as China, Japan and Singapore are emphasizing the implementation of the necessary infrastructure to encourage and support cycling. Some cities in Asia, such as Tokyo, are known to have the lowest accident rates and are therefore considered ideal cities for urban cycling. In addition, Chinese bike-sharing companies are actively targeting countries like India and Australia to expand their businesses. Therefore, the demand for bicycles is expected to increase in the coming years.

 

For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Bicycle-Market/179

 

Bicycle Market Segmentation

by Type

Cargo electric bikeNon-cargo electric bikeCargo non electric bikeNon-cargo non electric bikeby Product

MountainRoadHybridby End User

MenWomenKids

Bicycle Market Key Players

Accell GroupTrek Bicycle CorporationDorel Industries Inc.Pon Holdings BVGiant Manufacturing Co. LtdBullsPedego Inc.Benno Bikes LLCRibble CyclesCervéloMerida industry co., ltd.Olympus bikesScott sports SA

To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/req_sample/Bicycle-Market/179

 

Key questions answered in the Bicycle Market are:


 

Key Offerings:


About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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