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What are some of the restraints for the Bicycle Market?

07-20-2021 01:16 PM CET | Sports

Press release from: Coherent Market Insights

Bicycle

Bicycle

Bicycle Market Perspective 2021

๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฃ๐—ฎ๐—ด๐—ฒ๐˜€: [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 itโ€™s 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.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ฃ๐——๐—™ ๐—•๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ:
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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.

๐—™๐—ฟ๐—ฒ๐—พ๐˜‚๐—ฒ๐—ป๐˜๐—น๐˜† ๐—”๐˜€๐—ธ๐—ฒ๐—ฑ ๐—ค๐˜‚๐—ฒ๐˜€๐˜๐—ถ๐—ผ๐—ป๐˜€ (๐—™๐—”๐—ค) :

๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐˜€๐—ถ๐˜‡๐—ฒ, ๐˜€๐—ต๐—ฎ๐—ฟ๐—ฒ ๐—ผ๐—ณ Bicycle ?

๐—ฌ๐—ฒ๐˜€, 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.

๐—ช๐—ต๐—ผ ๐—ฎ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ ๐—ธ๐—ฒ๐˜† ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€/๐—ฝ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ Bicycle?

๐—ฌ๐—ฒ๐˜€, You can add Specific ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐˜† ๐˜‚๐—ฝ๐˜๐—ผ ๐Ÿฏ ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€.

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.,

๐—–๐—ฎ๐—ป ๐—ถ ๐—”๐˜€๐—ธ ๐—™๐—ผ๐—ฟ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ / ๐—ฃ๐—ฟ๐—ผ๐—บ๐—ผ-๐—–๐—ผ๐—ฑ๐—ฒ?

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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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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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