- Surge in adoption of bicycles in several urban areas and increase in number of bicycle rideshare programs globally are creating business prospects in the global bicycle market
- E-bicycles are emerging as one of the popular products in order to address the issue of rising fuel prices
ALBANY, N.Y., Feb. 25, 2022 /PRNewswire/ -- The global bicycle market is projected to register growth at a CAGR of 5.5% during the forecast period of 2020 to 2030, according to analysts at Transparency Market Research (TMR). Moreover, the market is prognosticated to gain a valuation of US$ 82 Bn by 2030.
Government authorities of several nations across the globe are taking initiatives to encourage people to increase the use of bicycles. For instance, many countries globally are advancing their bicycling infrastructure by creating dedicated bicycling lanes. In addition, development of new road signs for bicyclists, additional parking space for bicycles, traffic lights, and isolated biking lanes are some of the key initiatives that are promoting the use of bicycles. Moreover, governments are executing different pilot programs in many cities globally in order to study the impact of bicycle infrastructure and lanes on the traffics across the cities, according to TMR report on the global bicycle market.
Companies operating in the global bicycle market are increasing investments toward the development of technologically advanced products. Moreover, many enterprises are focusing on advancing the quality of their products by introducing new features, improving rider comfort, and advancing overall performance of bicycles. Such efforts are creating sales growth in the global bicycle market.
Request a Report Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=63048
Bicycle Market: Key Findings
- Demand for bicycles is being increasing across many cities from developing and developed nations around the world owing to rise in awareness about many advantages they offer. Furthermore, surge in the number of self-identified bicyclists globally and increase in availability of a wide range of bicycle types are creating revenue-generation opportunities in the global bicycle market.
- Electric bicycles are gaining immense popularity due to their ability of offer increased levels of comfort and cost-efficiency. Moreover, there has been rise in the sales of these products, as they are being increasingly seen as an environment-friendly option for transportation, notes TMR report on the global bicycle market.
- Players operating in the bicycle market are anticipated to observe rise in the demand for road and mountain bicycles, owing to surge in awareness pertaining to health advantages of these products such as improved muscle strength, flexibility, cardiovascular fitness, decreased stress levels, advanced joint mobility, improved coordination and posture, lowered body fat levels, and strengthened bones
Get PDF Brochure for More Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=63048
Bicycle Market: Growth Boosters
- Rise in inclination among people toward the use of environment-friendly transportation system options is driving the sales growth in the bicycle market
- Growing awareness about health benefits of using bicycles is propelling the bicycle market
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=63048
Bicycle Market: Regional Analysis
- Asia Pacific holds major share of the growth of the bicycle market, owing to rise in health awareness among regional population and increase in participation of this population base to maintain a healthy lifestyle. The Asia Pacific market is estimated to expand during the forecast period, owing to growing initiatives of regional governments to support the bicycle manufacturing plants.
- The bicycle market in North America is likely to observe promising business prospects in the upcoming years due to rise in demand for the product with increased understanding on importance of healthy lifestyle
Request for Covid19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=63048
Bicycle Market: Key Players
Some of the key players profiled in the report are:
- Boardman Bikes Ltd
- BMC Switzerland AG
- Firefox Bikes
- Cannondale Bicycle Corporation (Cycling Sports Group, Inc.)
- Giant Bicycle
- Fuji Bike Worldwide
- Shimano Inc.
- SCOTT Sports SA
- Trek Bicycle Corporation
- Specialized Bicycle Components, Inc.
Bicycle Market Segmentation
Type
- Road Bicycle
- Mountain Bicycle
- Hybrid Bicycle
- Touring Bicycle
- Fitness Bicycle
- Cruiser Bicycle
- Cyclocross Bicycle
- Others
Size
- XXS
- XS
- S
- M
- L
- XL
- XXL
Technology
- Conventional
- Electric
Gear Type
- With Gear
- Without Gear
Suspension
- Front Suspension
- Full Suspension
- No Suspension
Price
- Low
- Medium
- High
End Use
- Men
- Women
- Kids
Distribution Channel
- Online
- o e-Commerce Websites
- o Company-owned Website
- Offline
- o Multi Brand Stores
- o Specialty Stores
- Others
Region
- North America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Browse Latest Consumer Goods and Services Markethttps://www.transparencymarketresearch.com/automotive-market-reports-38.html Research Reports by TMR:
- Insect Repellent Apparel Market – https://www.transparencymarketresearch.com/insect-repellent-apparel.html
- Trigger Sprayer Market – https://www.transparencymarketresearch.com/trigger-sprayers-market.html
- Badminton Apparel Market – https://www.transparencymarketresearch.com/badminton-apparel-market.html
- Amenity Kits Market – https://www.transparencymarketresearch.com/amenity-kits-market.html
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
Website: http://www.transparencymarketresearch.com
Press Release: https://www.transparencymarketresearch.com/pressrelease/bicycle-market.htm
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
Share this article