Lucintel Forecasts Bicycle Market to Reach $62.0 billion by 2030
Lucintel Forecasts Bicycle Market to Reach $62.0 billion by 2030
Blog Article
According to the recent study the bicycle market is projected to reach an estimated
$62.0 billion by 2030 from $47.8 billion in 2023, at a CAGR of 4.0% from 2023 to
2030. Growth in this market is primarily driven by raising fuel prices, government
programs to build bicycle paths and roads, increasing health concerns/fitness
consciousness, growing environmental awareness, and increasing traffic congestion.
Browse 130 figures / charts and 72 tables in this 178 -page report to understand
trends, opportunities and forecast in bicycle market by type (road bicycle, mountain
bicycle, kids bicycle, e-bicycle, and other bicycles) and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that e-bicycle will remain the largest segment, and it is also
expected to witness the highest growth over the forecast period due to the increasing
demand for zero emission climates, government regulations, and safety standards
for bicycling. Development of cycling infrastructure will have a larger impact on the
electric bicycle market in emerging markets in the coming years.
Download sample by clicking on bicycle market
Europe is expected to remain the largest region and witness the highest growth over
the forecast period due to government initiatives to promote sustainable
transportation and a healthier lifestyle.
Giant Manufacturing, Merida Industry Co. Ltd., Accell Group NV, Dorel Industry,
Tube Investment of India Ltd., Ideal Bike Corporation, Hero Cycles Ltd are the major
supplier in the bicycle market.
This unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents, contact
Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of
more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and
robust market & unmet needs analysis. We are based in Dallas, TX and have been a
trusted advisor for 1,000+ clients for over 20 years. We are quoted in several
publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Fish Collagen Peptide Market
Fresh Onion and Shallot Market
Guanine Market
Pancreatin Powder Market
Samarium Iron Nitrogen Magnet Market
Senecioic Acid Market