Press release
Bicycle Market Research Report 2022: Share, Trends, Growth, Outlook and Future Scope 2027
According to the latest report by IMARC Group, titled "Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global bicycle market size reached around US$ 58 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 80 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Download free sample of the report: https://www.imarcgroup.com/bicycle-market/requestsample
Global Bicycle Market Industry Definition and Application:
A bicycle is a two-wheeled, pedal-driven vehicle with brakes, drive chain, seat, carrier, and handlebar. It assists in reducing body fat levels and improving the posture and limb coordination of a rider. Besides this, it helps reduce anxiety and depression, prevent several diseases, and increase cardiovascular fitness, flexibility, muscle strength, and joint mobility. As a result, the bicycle represents one of the preferred modes of transportation for covering shorter distances.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Bicycle Market Trends and Drivers:
The rising prevalence of obesity, diabetes and other lifestyle diseases is resulting in the growing adoption of bicycles, especially among the millennial population. This represents one of the key factors catalyzing the demand for bicycles around the world. In addition, increasing traffic congestion and minimal availability of parking spaces are increasing the overall product sales. Furthermore, the emerging trend of dockless bicycle-sharing systems integrated with global positioning systems (GPS) is creating a favorable market outlook. Moreover, the introduction of electric bicycles is anticipated to drive the market.
Browse full report with TOC: https://www.imarcgroup.com/bicycle-market
Global Bicycle Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on region, type, technology, price, distribution channel, end user.
Breakup by Type:
Road Bicycle
Mountain Bicycle
Hybrid Bicycle
Others
Breakup by Technology:
Electric
Conventional
Breakup by Price:
Premium
Mid-Range
Low-Range
Breakup by Distribution Channel:
Online Stores
Offline Stores
Breakup by End User:
Men
Women
Kids
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Who are the Major Bicycle Key players?
Accell Group N.V., Avon Cycles Ltd., Benno Bikes LLC, Cervélo (Pon Holdings B.V.), Dorel Industries Inc., Giant Manufacturing Co. Ltd., Kona Bicycle Company, Merida Industry Co. Ltd., Olympus Bikes, SCOTT Sports SA (Youngone Corporation), Specialized Bicycle Components Inc. and Trek Bicycle Corporation (Roth Distributing Co. Inc.).
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IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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