Global Bicycle Market Forecasts From 2020 To 2025
DESCRIPTION The global bicycle market is evaluated at US$51.262 billion for the year 2019. The global cycle market is projected to show a healthy growth throughout the course of the next five years primarily on account of the increasing consumer preference towards a healthy living lifestyle. Furthermore, there has been an increasing adoption of bicycles in both developed and developing economies owing to the fact the majority of the people are opting for cycling as their daily routine activity and as a form of leisure. The market is also being driven on account of the growing prevalence of chronic diseases such as CVDs, obesity, and diabetes among others which is further augmenting the demand for bicycles among the people suffering from these diseases to stay healthy and fit.
Some Key Questions Answered By The Report
What will be Global Bicycle Market from 2020 to 2025? How are the major drivers and restraints affecting the Global Bicycle Market. Growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why?
Electric Segment to Show Promising Growth However, the electric bicycle segment is anticipated to witness a rapid growth until the end of the forecast period primarily due to the fact that these cycles are often considered as one of the most suitable means for leisure bicycling. However, the penetration of electric bicycles is still expected to be in the nascent stage in many parts of the world. Also, major market players are investing heavily in the R&D for the development and launch of new and high-tech electric bicycles further shows the growth potential of this segment during the next five years.
Geography
North America
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United States
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Canada
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Mexico
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Others
South America
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Brazil
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Argentina
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Others
GEOGRAPHY Europe Germany France Italy United Kingdom Others
Middle East and Africa Israel Saudi Arabia UAE Others
Asia Pacific Japan China India Others
SEGMENT ANALYSIS
We have included all segments of this market in market research report.
The Global Bicycle market has been segmented on the basis of type, technology, distribution channel, and geography..
For complete segment information visit us
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CONCLUSION
ď‚Ą Major players in the Global Bicycle market have been covered along with their
relative competitive position and strategies. ď‚Ą The report also mentions recent deals and investments of different market
players over the last year. ď‚Ą The company profiles section details the business overview, financial
performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global Bicycle market.
COMPANY PROFILES Giant Manufacturing Co. Ltd. Trek Bicycle Corporation Hero Cycles Limited Scott Sports SA Dorel Industries Inc. Merida Industry Co., Ltd Cervélo TI Cycles Atlas Cycles(Haryana) Ltd Fuji Bikes
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