Bicycle Market Growth Analysis & Forecast Report | 2023-2032

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Bicycle Market 2023-2032 Growth Forecast
Industry Share Report
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• Industry Insights

• Bicycle Market is projected to cross USD 102.8 Bn
  by 2032, cites the latest research analysis by
  Global Market Insights Inc. As per the report,
  the market experiences sustained growth due to a
  series of product launches and innovative
  developments by industry leaders. For instance,
  in November 2023, Honda introduced its inaugural
  electric bicycle concept, the e-MTB, during the
  Japan Mobility Show. Unlike many other concept
  designs, this electric bicycle appears to be
  nearly production-ready in terms of its design.
• Women segment will register a noteworthy CAGR
  from 2023 to 2032, as per the report. Women of
  all ages are increasingly embracing bicycles for
  various purposes. Bikes serve as eco-friendly
  transportation options, exercise equipment, and a
  means of recreation.

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• The versatility, health benefits, and empowerment
  associated with cycling appeal to women, making
  them a significant segment of the market. Bicycle
  manufacturers continue to cater to their specific
  needs, further driving the bicycle market growth
  among female consumers.
• Traditional bicycle industry could exhibit a
  decent growth rate over 2023-2032, claims the
  report. Loved for their simplicity, reliability,
  and eco-friendliness, traditional bikes are
  versatile and cost-effective. They serve various
  purposes, from commuting to leisure rides and
  exercise. In both urban and rural areas, people
  value the practicality and health benefits of
  traditional bicycles, ensuring their enduring
  contribution to the bicycle market demand.

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• Regional Analysis

• Europe bicycle industry will register a robust
  CAGR from 2023 to 2032, owing to Europe's strong
  focus on environmental sustainability and healthy
  living, encouraging bicycle use. Extensive
  cycling infrastructure in many European cities
  promotes commuting and leisure riding.
  Additionally, the growing preference for e-bikes,
  combined with government incentives, further
  fuels demand. Europe's enduring love for cycling
  as a practical and eco-friendly transportation
  mode sustains the vibrant bicycle market in the
  region.

• Competitive Analysis

• Cannondale, MERIDA BIKES, Trek Bicycle
  Corporation, Cube Bikes Colnago, Tern Bicycles,
  Giant Manufacturing Co., Ltd., Scott Sports, Fuji
  Bikes, GT Bikes, Specialized Bicycle Components,
  Inc.,

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