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Opportunities for The Global Bicycle Market to Reach $59.9 Billion by 2025

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Alternatives for The World Bicycle Market to Attain $59.9 Billion by 2025

DALLAS, TX / ACCESSWIRE / November 39, 2020 / In accordance with a brand new market report printed by Lucintel, the way forward for the global bicycle market appears good with alternatives within the segments of e-bikes, street, and mountain terrain bike (MTB), and youngsters’ bicycles. The worldwide bicycle market is anticipated improve in 2020 on account of rising well being concern and authorities subsidies led by the COVID-19 outbreak. The market is anticipated to succeed in an estimated $59.9 billion by 2025 and is forecast to develop at a CAGR of 8% to 10% from 2020 to 2025. The most important drivers of progress for this market are rising health consciousness amongst individuals, rising environmental issues, rising visitors congestion, and authorities applications to advertise biking.

To obtain report brochure, please go to https://www.lucintel.com/bicycle-industry-2017-2022.aspx and click on “obtain brochure “tab from the menu.

On this market, street, mountain, youngsters, e-bikes, and different bicycles are the segments by bicycle kind. Lucintel forecasts that the mountain bicycle section is anticipated to stay the most important section by worth on account of rising demand for these bicycles for leisure functions. On the premise of its complete analysis, Lucintel predicts that the demand for electrical bicycle is prone to expertise the best progress within the forecast interval on account of rising authorities initiatives to advertise biking in an effort to cut back carbon emissions.

Asia Pacific is anticipated to stay the most important area by quantity throughout forecast interval supported by big inhabitants and rising utilization of bicycle as a sustainable mode of transportation.

Europe is anticipated to witness the best progress by worth over the forecast interval pushed by rising reputation of e-bicycles as an environmental pleasant technique of transportation and authorities initiatives to advertise sustainable transportation.

For enterprise growth, the report suggests new product improvement to boost the efficiency of bicycles by making them extra light-weight and cozy. The report additional suggests the event of partnerships with prospects to create win-win conditions and the event of performance-driven options for finish customers.

Rising tendencies, which have a direct impression on the dynamics of the {industry}, embody rising use of folding electrical bicycles and rising the demand customized match bicycles. Big Manufacturing Co. Ltd., Accell Group N.V, Merida Industries Co. Ltd., and Dorel Industries Inc. are among the many main suppliers of bicycles.

Lucintel, a number one international strategic consulting and market research firm, has analyzed progress alternatives within the international bicycle {industry} by bicycle kind, area and nation and has provide you with a complete analysis report entitled, “Growth Opportunities in the Global Bicycle Market 2014-2025: Trends, Forecast, and Opportunity Analysis” The Lucintel report serves as a springboard for progress technique because it gives a complete knowledge and evaluation on tendencies, key drivers, and instructions.

The research features a forecast for the worldwide bicycle market by bicycle kind, area and nation as follows:

Bicycle market by bicycle kind (Worth $ Million and Quantity Items from 2014 to 2025):

  • Highway/Customary Bicycle
  • MTB/Racing Bicycle
  • Children Bicycle
  • E-bikes
  • Others

Bicycle market by area (Worth $ Million and Quantity Items from 2014 to 2025):

  • North America
  • Europe
  • Asia Pacific
  • Remainder of World

Bicycle market by nation (Worth $ Million and Quantity Items from 2014 to 2025):

  • United States
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • Canada
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • Germany
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • United Kingdom
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • Spain
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • Italy
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • France
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • China
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • Japan
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • India
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • South Korea
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • Australia
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others
  • Brazil
      • Highway/Customary Bicycle
      • MTB/Racing Bicycle
      • Children Bicycle
      • E-bikes
      • Others

This 169-page analysis report will allow you to make assured enterprise selections on this globally aggressive market. For an in depth desk of contents, contact Lucintel at +1-972-636-5056 or click on on this hyperlink helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier international administration consulting and market analysis agency, creates successful methods for progress. It presents market assessments, aggressive evaluation, opportunity analysis, growth consulting, M&A, and due diligence companies to executives and key decision-makers in a wide range of industries. For additional info, go to www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Electronic mail: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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SOURCE: Lucintel

View supply model on accesswire.com:
https://www.accesswire.com/618753/Opportunities-for-The-Global-Bicycle-Market-to-Reach-599-Billion-by-2025

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