Global Bicycle Market Demand, Opportunity and Analysis 2021-2026

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Global Bicycle Market Demand, Opportunity and
Analysis 2021-2026

• bicycle market was valued at US42.4 Bn in 2018
  and it is expected to reach US100.8 Bn by 2026,
  registering a whopping CAGR of 12.7 between 2021
  and 2026.

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The global bicycle market, valued at US42.4
billion in 2018, is poised to reach an impressive
milestone of US100.8 billion by 2026, exhibiting
a remarkable compound annual growth rate (CAGR)
of 12.7 during the forecast period of 2021 to
2026. This growth is attributed to various
factors, including increasing environmental
awareness, the surge in e-bikes, and the need for
a healthier lifestyle.Access Full Report
https//www.fairfieldmarketresearch.com/report/bic
ycle-market The rising concerns about the
environmental footprint of transportation systems
have propelled the demand for bicycles worldwide.
Governments and consumers alike have embraced
bicycling as a green mobility alternative and a
means to adopt a healthier lifestyle.
Additionally, the growing prevalence of chronic
diseases and escalating traffic congestion have
led individuals to choose bicycles for exercise
and as a solution to parking space limitations,
particularly in urban areas.