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Bicycle & Components Market To Boost Due to Increasing Concerns Regarding Fitness- What is its future?

01-08-2019 11:00 AM CET | Logistics & Transport

Press release from: Coherent Market Insights

Bicycle-Components

Bicycle-Components

The bicycle & components market was valued at US$ 45,080 million in 2016 and is projected to reach US$ 66,692 million by 2025, exhibiting a CAGR of 4.7% by 2025.

Increasing concerns regarding fitness has urged individuals to use bicycles as a mode of routine exercise. Furthermore, novel designs of bicycles dedicated towards safety and comfort of the user has further boosted the adoption of various types of cycles across wide range of users based on their age, demographics, and interests. Constant fluctuations of prices for fuels used in motor vehicles and increasing awareness of environment-friendly transportation is improving the adoption of bicycles worldwide.

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Some of the major players operating in the global bicycle & components market include Atlas Cycles Ltd, Accell Group N.V., Caloi Inc., Avon Cycles Ltd., Cannondale Bicycle Corporation, Campagnolo S.r.l., Giant Bicycle Inc., Cycleurope AB, Hamilton Industries Ltd., and Derby Cycle Corporation.

Electric bicycle also known as e-bike, booster bike or powerbike is a type of bicycle that has electric motor being used for propulsion. E-bikes are useful in cardiac rehabilitation programs and have an impressive effect on a heart patient by offering safer and efficient ride as compared to stationary bike. Furthermore, e-bikes are zero-emission vehicles and cause no harm to the surrounding environment.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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