Global Bicycle Market to reach US$ 90.5 Bn by 2026.

Global Bicycle Market is segmented by product (road, mountain and hybrid). Technology (electric and conventional). End user (men, women, and kids). Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America). Global Bicycle market was valued US$ 47.5 Bn in 2017 and is estimated to reach US$ 90.5 Bn by 2026 at a CAGR of 8.3%.

Rising government support encouraging adoption of bicycles and rapid development of dedicated cycling infrastructure in developed as well as developing economies will reportedly push the sales of bicycles in upcoming years. Increasing application base of bicycles in trekking and recreational activities, coupled with a soaring number of cycling events will specifically uplift the demand for sports bicycles in near future.

Road segment is leading in the Global bicycle market.

Bicycle save taxpayers money by reducing road wear. A 20-pound bicycle is a lot small rough on the pavement than a two-ton sedan. Each bicycle on the road amounts to money saved patching potholes and resurfacing city streets.

Men segment is dominating the Global bicycle market

Men segment is dominating the market share in 2017 and is expected to expand at a CAGR of over 5% over the forecast period as the number of men riding bicycles continues to be larger than the number of women and kids. Moreover, bicycle makers are simultaneously simplifying the cycling mechanism and installing efficient gear systems and shock absorbers.

Asia Pacific is a country with major share in the Global bicycle market.

Asia Pacific is anticipated to expand at the fastest CAGR of over 6% over the forecast period. Nations, are China, Japan, and Singapore, among others, emphasize on rolling out the infrastructure necessary to encourage and support bicycle commutation.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Giant Bicycles, Hero Cycles, TI Cycles, Trek, Shanghai Phonex, Atlas, Flying Pigeon, Merida, Xidesheng Bicycle, OMYO, Emmelle, Avon Cycles, Tianjin Battle, Cannondale, Libahuang, Specialized, Trinx Bikes, DAHON, Cycoo, Bridgestone Cycle, Laux (Tianjin), Samchuly Bicycle, Cube, Pacific Cycles, Derby Cycle, Grimaldi Industri, Gazelle, KHS, Forever, Scott Sports, Fuji Bikes, Pashley Cycles, Accell Group, Huffy, LOOKC.are key players operating in the Global bicycle market.

Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Global bicycle market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global bicycle market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global bicycle market positioning of competitors.

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