According to the latest report by IMARC Group, titled “Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the [URL=https://www.imarcgroup.com/bicycle-market]Bicycle Market Report[/URL] expected to grow at a CAGR of around 5% during 2021-2026.A bicycle is a pedal-driven vehicle with brakes, two wheels, carrier, seat, drive chain, and handlebar. It is helpful to decrease stress and body fat levels, improve posture and coordination, strengthen bones, prevent several diseases, and reduce anxiety and depression. As a result, bicycles are widely used by individuals for health benefits and traveling to nearby places.
Global Bicycle Market Trends:
The market is primarily driven by the increasing prevalence of chronic diseases, due to which individuals are opting for bicycles to ensure healthy living. In addition, less availability of parking space and growing traffic congestion in metropolitan cities have escalated the product demand. Besides this, governments of numerous countries are promoting the adoption of bicycles to minimize carbon emissions released from vehicles which represents another growth-inducing factor. Furthermore, the introduction of electric bicycles in the market that offers higher capacities and longer life than their conventional counterparts is anticipated to fuel the market growth in the upcoming years.
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Global Bicycle Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Accell Group N.V., Avon Cycles Ltd., Benno Bikes LLC, Cervélo (Pon Holdings B.V.), Dorel Industries Inc., Giant Manufacturing Co. Ltd., Kona Bicycle Company, Merida Industry Co. Ltd., Olympus Bikes, SCOTT Sports SA (Youngone Corporation), Specialized Bicycle Components Inc. and Trek Bicycle Corporation (Roth Distributing Co. Inc.).
The report has segmented the market on the basis on region, disc type, material type and end user.
Breakup by Type:
Road Bicycle
Mountain Bicycle
Hybrid Bicycle
Others
Breakup by Technology:
Electric
Conventional
Breakup by Price:
Premium
Mid-Range
Low-Range
Breakup by Distribution Channel:
Online Stores
Offline Stores
Breakup by End User:
Men
Women
Kids
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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