Bicycle Market Is Expected To Grow At A Cagr Of 8.8% - An Exclusive Market Research Report By Lucintel

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Lucintel's latest market report analyzed that bicycle provides attractive opportunities in the road bicycle, mountain bicycle, kids bicycle, e-bicycle and other bicycle segments. The bicycle market is expected to grow at a CAGR of 8.8%. In this market, e-bicycle is the largest segment by type. Increasing trend of bike sharing, development of folding bicycles, and custom fit bicycles provides strategic growth path in this market.
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Based on type, the bicycle market is segmented into road bicycle, mountain bicycle, kids bicycle, e-bicycle, and other bicycles. The e-bicycle segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during 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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The bicycle market is marked by the presence of several big and small players. Some of the prominent players offering bicycle include Giant Manufacturing, Merida Industry Co. Ltd., Accell Group NV, Dorel Industry, Tube Investment of India Ltd., Ideal Bike Corporation, Hero Cycles Ltd.
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This unique 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 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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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