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What is the Bicycle Market Size?

This upward growth trajectory is supported by growing health and fitness awareness and the advent of e-bikes as an eco-friendly mobility solution. In addition, government investments in cycling infrastructure and policies encouraging green transportation are creating a favorable environment for bicycle market growth.

Key Growth Factors

• Increasing popularity of e-bikes across developed and developing nations.
• Adoption of bicycles for last-mile delivery and shared mobility services.
• Growth of cycling infrastructure in urban areas.
• Expanding consumer preference for health-focused and sustainable commuting.
• Government subsidies and cycling-friendly policy frameworks.
• Growing fitness trends among millennials and Gen Z consumers.

Market Trends

The bicycle industry is projected to grow rapidly with the amalgamation of smart technologies such as GPS tracking and Bluetooth-enabled diagnostics in e-bikes. Lightweight carbon fiber frames and hybrid bike models are gaining traction among commuters and recreational riders alike. In the coming years, the market is expected to witness a surge in demand for subscription-based and rental services, particularly in metropolitan regions.

Major Companies聽

• Trek Bicycle Corporation
• Accell Group N.V.
• Merida Industry Co. Ltd.
• Giant Manufacturing Co. Ltd.
• Hero Cycles Ltd.

Frequently Asked Questions About the Market Study (FAQs)