According to a new country report published by Lucintel, the future of bicycle industry in the United States looks promising with opportunities in the road/standard bicycle, MTB/racing bicycle, kids bicycle, and e-bikes. The bicycle industry in the United States is primarily driven by increasing fitness consciousness among people, increasing concern towards environment, increasing traffic congestion, and government schemes to promote cycling.
This report studies factors affecting the bicycle industry in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that e- bikes segment to be the largest segment because these bicycles fulfill user’s need of low-cost transportation and in many parts of the world electric-power bicycles are considered as a ‘green transport vehicle.
Emerging trends, which have a direct impact on the dynamics of bicycle industry, include increasing use of folding electric bicycles and increasing demand of bicycles with better safety feature and appearance.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the bicycle industry in the United States and has come up with a comprehensive research report entitled “Opportunities for the Bicycle Industry Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the bicycle industry in the United States by bicycle type as follows:
Bicycle market by type (Value $ Billion from 2014 to 2025):
• Road/Standard Bicycle
• MTB/Racing Bicycle
• Kids Bicycle
• E-bikes
• Others
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/bicycle-industry.aspx or write to us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com