Bicycles, also called as bikes, are a two-wheeler vehicle that is an eco-friendly and inexpensive way of commute. Manual pedal bicycles do not require any external fuel or supply source whereas electric-driven bicycles (with 250W motor) are assisted by electric power and have the option to be manually pedaled.
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The analysts forecast global bicycle market to grow to USD 44.40 billion during the period 2018-2022.
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This report covers the present scenario and the growth prospects of the global bicycle market for 2018-2022. To calculate the market size, the report considers the scope includes the retail sales of manual, human-powered two wheeled pedal, bicycles and motor-assisted bicycles, with only electric bikes (e-bikes) that have maximum of 250W motors fitted-in it to exceed not more than 25 km per hour.
The market is divided into the following segments based on geography:
This report, Global Bicycle Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key vendors: Accell Group, Dorel Industries, Giant Bicycle, GUANGDONG TANDEM INDUSTRIES, Insera Sena & MERIDA
Market driver: Consumers shifting preference toward cycling as a sport, leisure, and cardio activity
Market challenge: Greater availability and increasing market of refurbished bicycles
Market trend: Technological advances in bicycles industry
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?