In a recent research report by Maximize Market Research, the Bicycle Market is expected to surpass US $ 82.17 billion by the year 2027, from US $ 54.45 billion in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 7.1 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Automotive Steering Systemin the region, the Value – Chain analysis, and the PORTER’s analysis for the Bicycle Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Product (Mountain Bikes, Hybrid/Cross, Road, Cruisers, Electric), By Price (Premium, Mid-range, Low-range), By End User (Men, Women, Kids) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By End User, Manufacturers are developing bicycles with unique concepts to entice youngsters based on their interests and trends. Manufacturers, for example, release motorcycles with stickers of popular cartoon characters and films for growing bicycle sales.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Giant Bicycles Inc., Atlas Cycles Ltd, Derby Cycle Holding GmbH, Trek Bicycle Corporation, Avon Cycles Ltd., Zhonglu Co., Ltd, Accell Group N.V., Tube Investments of India Limited, Dorel Industries Inc., Merida Industry Co., Ltd, Tandem Group plc, Samchuly Bicycle Co., Ltd, F.I.V.E. Bianchi S.p.A, Specialized Bicycle Components, Hamilton Industries Pvt. Ltd) in the Bicycle Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Bicycle Market.”
https://www.maximizemarketresearch.com/market-report/global-bicycle-market/20033/
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