Bicycle Market Size worth $70.10 Billion | Top Key Players - Giant Bicycles, Accell Group, Trek Bicycles, Pon Holdings, Hero Cycles and Forecast to 2027 | COVID-19 Impact on Industry Share and Growth Rate

Global Bicycle Market is valued at USD 49.74 Billion in 2018 and expected to reach USD 70.10 Billion by 2025 with a CAGR of 6.13% over the forecast period.

Scope of Global Bicycle Market Report-
A bicycle is also known as a two-wheel steering machine or a bike. On a standard bicycle, the wheels are installed in a straight line in a metal frame and the front wheels are fixed in a rotating front fork. The rider sits on the saddle and steers by tilting and turning the handlebars attached to the fork. The foot turns the pedal attached to the crank and the pinion. Power is transmitted via the chain link that connects the sprocket to the rear sprocket. Bikes are by far the most efficient way to convert human energy into mobility.

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Bicycle Manufacturers:
Bicycle Market report covers major key players in the market like,
Giant Bicycles
Accell Group
Trek Bicycles
Dorel Industries Inc.
Pon Holdings
Hero Cycles
Atala Spa
GT Bike
Firefox cycles
Scott Sports SA
Starkenn Sports
Others.

Global Bicycle Market Dynamics-
Rising attention of customers on health-focused lifestyle to inhibit the problems related to obesity, cholesterol level, blood pressure etc., rising trend of an exercising and fitness routine, increasing preferences for cycling as a mode of recreation and growing trend of GPS based dockless bicycles are the major factors for driving the growth of Global Bicycle Market. As per transport and environment statistics, cars and motor vehicles cause around 57% more pollution in air than bicycles, and motorists breathe 60% more monoxide and carbon than cyclists. Based on the statistics from People For Bikes, cycling to work is equal to spending around 40 minutes daily in a gym, exercising heavily.

Also, as per American Journal of Epidemiology, in a study of 75000 women, those who cycled everyday were 35% less vulnerable to die from obesity in the years to come. There has been a 68% increase in the number of bikes purchased in last 20 years.

Moreover, governments in countries, especially in developing economies, are investing hugely in fitness programs and rallies that support environmental programs against traffic pollution, that encourages people to ride a bicycle. There is also a lack of proper parking facility almost everywhere in metro cities that further prompts a person to cover short commutations via bicycle. These are other major factors that are contributing for the growth of Bicycle market.
North America is expected to remain a dominant region in the Global Bicycle Market.

North America is the dominant region in the market with the largest share of the global Bicycle market, owing to the countries in the region being early adopters of technology due to which bicycles are installed with advanced features like tracking, positioning, app managing etc. Moreover, there is a growing adoption of fitness tools and equipment in the countries like US because of the growing instances of obesity in people as a consequence of unhealthy junk eating habits. Based on statistics, Americans spend nearly 81.2 billion USD to purchase cycles in a year, leading to a generation of 770000 jobs and raising 10 billion dollars from taxes.

Key Benefits of Global Bicycle Market Report-
Global market report covers in depth historical and forecast analysis.
Global market research report provides detailed information about Market Introduction, Market Summary, Global Market Revenue (USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.

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Global Bicycle Market Segmentation: -

By Product Type: Mountain, All-terrain, Road, Hybrid

By Technology: Manual, Electric, Conventional, Automatic
By Distribution Channel: Retailers, Online stores, Offline stores, Convenience sport shops

By End User: Adults, Kids

By Regional Analysis:
North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Table of Content
1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Bicycle Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Bicycle Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Bicycle Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter - Global Bicycle Market Overview: Quantitative Analysis
4. Chapter – Global Bicycle Market Analysis: Segmentation By Type
5. Chapter – Global Bicycle Market Analysis: Segmentation By Application

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