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According to a report, “Bicycle Market Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road), By Technology (Electric, Conventional), By End User (Men, Women, Kids), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc. The global bicycle market size is expected to reach USD 75.47 billion by 2025, registering a CAGR of 6.1%, as per a new report by Grand View Research Inc. Bicycles are preferred for short distance commutes and can save fuel costs unlike vehicles. Moreover, growing traffic congestions and limited parking spaces are prompting people to reconsider bicycles as a primary commute option.

Rising emphasis on the use of environment friendly modes of commute for short distances by the governments across the world is projected to positively influence market growth. The fact that bicycles do not emit any pollutants is anticipated to drive their demand in near future.

The road bicycle is estimated to emerge as the fastest-growing segment during the forecast period. Road bicycles happen to be the most basic bicycles that people prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated o bode well for growth over the forecast period.

Bicycle Market Highlights

1. The Covid-19 pandemic emerged as a boon for Indian bicycle market asAlphaVector bicycle sales soar up five times as compared to pre-pandemic times.

2. In February 2021, IAA Mobility announced its first bicycle brand partners to present e-bikes a vital part of modern mobility. The summit will present a wide variety of suppliers such as IoT-tech, connectivity, tires and general hardware manufacturers.

3. February 2021 marked the introduction of a revamped Bicycle Commuter Act in the U.S. to ensure pre-tax commuter benefits for bike commuters similar to those who drive and park, and take public transportation to work.

4. Mountain bicycle segment is will expand at a CAGR exceeding 4% in the coming years, on account of its growing popularity and  the increasing media coverage for racing events Bicycle Market Segmentation

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Grand View Research has segmented the global bicycle market based on product, technology, end user, and region:

Bicycle Product Outlook (Revenue, USD Million, 2014 – 2025)

• Mountain Bicycle

• Hybrid Bicycle

• Road Bicycle

• Others

Bicycle Technology Outlook (Revenue, USD Million, 2014 – 2025)

• Electric

• Conventional

Bicycle End User Outlook (Revenue, USD Million, 2014 – 2025)

• Men

• Women

• Kids

Bicycle Regional Outlook (Revenue, USD Million, 2014 – 2025)

• North America

• U.S.

• Canada

• Europe

• U.K.

• Germany

• France

• Italy

• Asia Pacific

• China

• India

• Japan

• Latin America

• Brazil

• Mexico

• Middle East & Africa

List of Key Players in Bicycle Market

1. Accell Group

2. Dorel Industries

3. Giant Bicycles

4. Merida

5. Specialized Bicycle Components

6. Olympus Corp

7. Trek Bicycles

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Bicycle Frames Market – https://www.grandviewresearch.com/industry-analysis/bicycle-frames-market

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Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

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