The global bicycle market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). The rising need and demand to speed up the exercise process through bicycles are one of the prime factors affecting and driving the market. Cycling strengthens the body, heart muscles, lowers the resting pulse, and also decreases blood fat levels and weight. Additionally, cycling increases stamina as well, and cycling supports in protection against various diseases that include high blood pressure, obesity, depression, diabetes, and arthritis among others.
Browse the full report description of "Global Bicycle Market Research By Product Type (Mountain Bicycle, Hybrid Bicycle, Road Bicycle and Other), By Technology (Electric and Conventional), and By Distribution Channel (Online Channel and Offline Channel) Forecast 2021-2027" at https://www.omrglobal.com/industry-reports/bicycle-market
The key players operating in the global bicycle market had been adopting strategies such as new launches to gain major market share. For instance, in September 2020, Accell Group had introduced Sparta d-Burst with its focus on commuter cycling between their home and workplace. The d-Burst would be offered in e-bike along with a speed pedal that will have a capacity of at least 1125 WH.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product Type
o By Technology
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impact the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Bicycle Market
By Product Type
• Mountain Bicycle
• Hybrid Bicycle
• Road Bicycle
• Other
By Technology
• Electric
• Conventional
By Distribution Channel
• Online Channel
• Offline Channel
Global Bicycle Market by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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