Bicycle Market size was valued at US$ 67.83 Billion in 2023 and the total Bicycle Market revenue is expected to grow at 7% through 2024 to 2030, reach

Bicycle Market size was valued at US$ 67.83 Billion in 2023 and the total Bicycle Market revenue is expected to grow at 7% through 2024 to 2030, reaching nearly US$ 108.93 as per Stellar market Research.

Bicycle Market Overview:

Bicycle Market refers to vehicles with an eco-friendly transportation mode. Bicycles come in various forms such as cargo bikes, electric bikes, and mountain bikes. There are major associations like, Go out, Tour Somewhere, Easy Rider Bike Club, Road Soldiers Cycling Club which promote cycling through sporting events, leisure activities, rallies, and competitions drive the Bicycle Market growth. Europe and America both have established cycling culture due to tournaments like, Tour de France & LoToJa.

Details insights on this market, request for methodology here @https://www.stellarmr.com/report/req_sample/Bicycle-Market/179

What are Bicycle Market dynamics?

Cycling events are increasing with celebrity endorsements, media coverage and governmental initiatives such as European governing bodies promoting events such as Cycling Ireland to increase consumer participation, driving Bicycle Market’s growth. Governmental expansion in infrastructural support, especially in metropolitan areas will help with traffic and parking issues. Events like Seville's Bicycle Festival and Global Cycling Championships encourage consumer involvement in Bicycle Market. Tech evolution such as mobile apps and GPS advancements have led to dockless bike-sharing systems. Chinese are seizing the market in bike-sharing platforms as per Stellar Market Research. Pandemic saw increased interest in cycling, with governments like Italy allocating funds for it drove Bicycle Market growth further.

How about Bicycle Market Trends?

The Bicycle Market is seeing lot of movement such as, Pon.Bike acquired Urban Arrow electric bicycle, now operating in 20 countries. Acell group’s "Sparta" launched a new powerful electric bicycle for commuters, Trek Bicycle partnered with Bike Exchange to sell products online. Cities like Paris and London added infrastructural assets to create a conducive environment for cycling while positively affecting the Bicycle Market.

Bicycle Market Opportunities:

The Bicycle Market sees demand for road bikes in the ranges of $500-$1,500. This segment witnessed demand exceeding supply, solving the supply could prove beneficial in Bicycle Market as per Stellar Market research. Lightweight and expensive bikes have seen limiting market growth, providing business opportunity for the businesses. Lack of Infrastructure also poses challenges in developing nations, providing solutions on budget could help Bicycle Market growth.

What is Bicycle Market regional insight?

Asia-Pacific dominated the market with over 33% revenue share, and is expected to grow with CAGR of over 8% during forecast period. Countries like China, Japan, and Singapore are emphasizing infrastructural implementations. Chinese bike-sharing companies targeting India and Australia for business expansion.

Key Offerings:

The report is a detailed analysis of the Bicycle Market trends and dynamics. Analyzing market leaders, followers, and regional players. The report is consolidated using qualitative and quantitative data on Bicycle Market segments, regional growth rates, influencing factors, and key opportunities. Porter's Five Force Model used to design business strategies & PESTEL Analysis was used to develop company strategies considering political, economic, social, technological, environmental, and legal factors.

Please Contact Us On link:https://www.stellarmr.com/report/Bicycle-Market/179

What is Bicycle Market Segmentation?

by Type

Cargo electric bike

Non-cargo electric bike

Cargo non electric bike

Non-cargo non electric bike

by Product

Mountain

Road

Hybrid

by End User

Men

Women

Kids

Some of the current players in the Bicycle Market are:

Accell Group

Trek Bicycle Corporation

Dorel Industries Inc.

Pon Holdings BV

Giant Manufacturing Co. Ltd

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4,

Pinnac Memories Fl. No. 3,

Pune, Maharashtra, 411029

[email protected]

+91 9607365656