Global Bicycle Market, 2015–2021
A bicycle is a pedal-driven and single-track vehicle. It is an imperishable type of transport. Bicycles are environment-friendly.
A bicycle is a pedal-driven and single-track vehicle. It is an imperishable type of transport. Bicycles are environment-friendly.
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<strong>Bicycle</strong> <strong>Market</strong><br />
Owing to the consumer’s health consciousness and fit lifestyle, the global bicycle market is<br />
anticipated to witness high growth in the near future. The increasing craze of adventurous biking<br />
has boosted the demand for the mountain bikes. Due to population awareness globally, people<br />
are taking initiatives for using bicycles for their day-to-day routine. The key factors driving the<br />
growth of global bicycle market are its environment-friendly utilization, availability at affordable<br />
prices, congested roads, and less parking space. Conversely, rising requirement of vehicles that<br />
are driven by fuel has negatively impacted the growth of the bicycle market.<br />
North America and Europe are expected to witness high growth owing to the setup of public<br />
bicycle rental programs and high demand in these countries. Asia Pacific is anticipated to be the<br />
largest market for bicycle North America and Europe. Germany is the largest market of bicycles<br />
in Europe, whereas, in Asia Pacific, China has the largest market. India and Japan are also<br />
making their effective growth in the market.<br />
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Some of the leading companies dominating the global bicycle market include Atlas Cycles Ltd.,<br />
Accell Group N.V., Bell Sports Corporation, Caloi Inc., Avon Cycles Ltd., Cannondale <strong>Bicycle</strong><br />
Corporation, Campagnolo S.r.l, Currie Technologies Inc., Cycleurope AB, Hamilton Industries<br />
Ltd., Giant <strong>Bicycle</strong> Inc., and Derby Cycle Corporation. Other major players influencing the global<br />
market are Shimano Giant Manufacturing Co. Ltd., BSA, Fuji, La Sovereign, Hercules, Hero<br />
Cycles, Bianchi, Dorel Industries, and Merida Industry Co. Ltd.