What are some of the restraints for the Bicycle Market?
Bicycle Market Perspective 2021๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฃ๐ฎ๐ด๐ฒ๐: [130 Pages]
According to a report released by WHO, in 2012, air pollution caused deaths of around 3.7 million people under aged 60 years and below. Passenger vehicles and trucks are major contributors to air pollution since they produce a significant amount of carbon monoxide, carbon dioxide, and nitrogen oxide. India, where the automobile sector has a stronghold, started facing problems, mainly in New Delhi, the capital region, as air pollution has raised to an uncontrollable limit. Thus, these factors are expected to drive growth of the global bicycle market over the forecast period.
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Commutation by bicycles is ideal and suitable for shorter distances, as the human capacity to cycle is limited. The energy to be exerted for cycling for longer distances is comparatively higher, and thus itโs a very tiresome task. Moreover, the speed of bicycles is limited, whereas automobiles go faster and destination can be reached sooner. Thus, these factors are expected to restrain growth of the market during the forecast period.
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The major challenging inhibiting growth of the market is the lack of an ample number of dedicated cycling tracks. Emerging economies are laying emphasis on creating a bicycle-friendly world and safe cycling tracks so that there are no accidents and injuries to the consumers and safety is assured. Moreover, in countries such as Brazil, India, and Indonesia, where population is higher, there are very few dedicated cycling tracks built by authorities. Hence, these factors are expected to hinder the global bicycle market growth over the forecast period.
๐๐ฟ๐ฒ๐พ๐๐ฒ๐ป๐๐น๐ ๐๐๐ธ๐ฒ๐ฑ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐ (๐๐๐ค) :
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ถ๐๐ฒ, ๐๐ต๐ฎ๐ฟ๐ฒ ๐ผ๐ณ Bicycle ?
๐ฌ๐ฒ๐, The global Bicycle market was valued at US$ 51,770.6 Mn in 2019 and is forecast to reach a value of US$ 69,574.6 Mn by 2027 at a CAGR of 3.7% between 2020 and 2027.
๐ช๐ต๐ผ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ธ๐ฒ๐ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐/๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐ต๐ฒ Bicycle?
๐ฌ๐ฒ๐, You can add Specific ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐๐ฝ๐๐ผ ๐ฏ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐.
Companies Covered as part of this study include: Giant Bicycle Inc., Samchuly Bicycle Co., Ltd., Atlas Cycles Ltd., Tandem Group plc, Derby Cycle, Merida Industry Co. Ltd., Avon Cycles Ltd., Dorel Industries Inc., Trek Bicycle Corporation, Xiaomi, Accell Group, Zhonglu Co. Ltd., and Tube Investment of India Limited.,
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Many countries around the globe such as India, Spain and Italy have imposed nationwide lockdown. For Instance, India have imposed lockdown from 25 March to 1 June till the further notice. In India all the social gathering events such as bicycle racing events are prohibited during the lockdown period.
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