According to a new market report published by Lucintel, the future of the global bicycle market looks good with opportunities in the road bicycle, mountain bicycle, kids bicycle, e-bicycle and other bicycle segments. The global bicycle market is expected to grow at a CAGR of 8%-10% from 2021 to 2026. The major drivers for this market are raising fuel prices, government programs to build bicycle paths and roads, increasing health concerns/fitness consciousness, growing environmental awareness, and increasing traffic congestion.
Browse 72 market data tables and 130 figures spread through 178 pages and in-depth TOC on “Global Bicycle Market" www.lucintel.com/bicycle-market-report.aspx
In this market, road, mountain, kids, e-bikes, and other bicycles are the segments by bicycle type. Lucintel forecasts that the e-bicycle will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the increasing demand for zero emission climates, government regulations, and safety standards for bicycling. Development of cycling infrastructure will have a larger impact on the electric bicycle market in emerging markets in the coming years.
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www.lucintel.com/bicycle-market-report.aspx Europe is expected to remain the largest market and witness the highest growth over the forecast period due to government initiatives to promote sustainable transportation and a healthier lifestyle.
For business expansion, the report suggests new product development to enhance the performance of bicycles by making them more lightweight and comfortable. The report further suggests the development of partnerships with customers to create win-win situations and the development of performance-driven solutions for end users.
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Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global bicycle industry by bicycle type, region and country and has come up with a comprehensive research report entitled, “Growth Opportunities in the Global Bicycle Market 2017-2022: Trends, Forecast, and Opportunity Analysis” The Lucintel report serves as a springboard for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global bicycle market by bicycle type, region and country as follows:
By Type [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Road Bicycle
Mountain Bicycle
Kids Bicycle
E-Bicycle
Other Bicycles
By Region [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
APAC
China
India
Japan
ROW
Brazil
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/bicycle-market-report.aspx or helpdesk@lucintel.com
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