Global Bicycle Market 2016 Industry Analysis & Forecast 2024

Bicycle Market
Bicycle Market

Zion Market Research, the market research group announced the analysis report titled “Bicycle Market: Industry Perspective, Comprehensive Analysis, nd Forecast, 2015 – 2021”

A bicycle is a pedal-driven and single-track vehicle. It is an imperishable type of transport. Bicycles are environment-friendly. They are available at affordable prices and are healthy as well. It is a convenient mode of transport as compared to the petrol and diesel engines, which are the leading cause of environmental pollution. In certain regions, the bicycle is a primary means of transportation.

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On the basis of design, the global bicycle market is segmented as racing bicycles, fixed gear bicycles, touring cycles, and cruisers. Fundamental changes have been implemented respectively to the design and application of the bicycle in order to meet the need of rising demand. They offer a well-liked form of leisure and have been modified for the use as children’s toys, military and police applications, courier services, and bicycle racing. The mountain bikes and hybrid bikes are dominating the market by serving the consumers who love to ride in terrain areas and also the working professionals who prefer taking a ride to a workplace for short distance. On the basis of various types, the bicycle market is further segmented as the adult bicycle, kids bicycle, and sports type. Based on the technology used, the global market is segmented as human pedaled bicycle and electric bicycle.

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Owing to the consumer’s health consciousness and fit lifestyle, the global bicycle market is anticipated to witness high growth in the near future. The increasing craze of adventurous biking has boosted the demand for the mountain bikes. Due to population awareness globally, people are taking initiatives for using bicycles for their day-to-day routine. The key factors driving the growth of global bicycle market are its environment-friendly utilization, availability at affordable prices, congested roads, and less parking space. Conversely, rising requirement of vehicles that are driven by fuel has negatively impacted the growth of the bicycle market.

North America and Europe are expected to witness high growth owing to the setup of public bicycle rental programs and high demand in these countries. Asia Pacific is anticipated to be the largest market for bicycle North America and Europe. Germany is the largest market of bicycles in Europe, whereas, in Asia pacific, China has the largest market. India and Japan are also making their effective growth in the market.

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Some of the leading companies dominating the global bicycle market include Atlas Cycles Ltd., Accell Group N.V., Bell Sports Corporation, Caloi Inc., Avon Cycles Ltd., Cannondale Bicycle Corporation, Campagnolo S.r.l, Currie Technologies Inc., Cycleurope AB, Hamilton Industries Ltd., Giant Bicycle Inc., and Derby Cycle Corporation. Other major players influencing the global market are Shimano Giant Manufacturing Co. Ltd., BSA, Fuji, La Sovereign, Hercules, Hero Cycles, Bianchi, Dorel Industries, and Merida Industry Co. Ltd.

Global Bicycle Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

Our value reports provide full, in-depth analysis of the parent market including most significant changes in market dynamics; the report also presents a detailed overview on segmentation of this market. We managed to present as many important information in essential form – thanks to our report You will learn more about former, on-going, and projected market analysis in terms of volume and value, assessment of niche industry developments and Market share analysis. We have not forgotten to present key strategies for major players, emerging segments and regional markets and last but not least, testimonials to companies in order to fortify their foothold in the market.

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About allan 819 Articles
Allan Leonetti is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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