Market Revenue of USD 22693.71 Mn is forecasted for the Bicycle Market through 2023-2027
The Bicycle Market is expected to develop at a compound annual growth rate (CAGR) of 6.32% between 2022 and 2027, with a predicted increase of USD 22,693.71 million. The market's growth drivers are influenced by a number of variables, such as the rise in bicycle sports competitions, the advantages riding has for one's health, the environment, and the economy, as well as government programs and regulations that support bicycling.
Bicycle Market Analysis at a Glance
Navigating through the Bicycle Market growth drivers of the market it has been observed
Key Companies of the Bicycle Market: Some of the prominent key companies of Bicycle Market that needs worth mentioning are the Accell Group NV, BH BIKES EUROPE SL, Cicli Pinarello Srl, DAHON North America Inc., Kalkhoff Werke GmbH, Tube Investments of India Ltd., Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Hero Cycles Ltd., Klever Mobility Europe GmbH, Kona Bicycle Co.etc that comes with wide range of offerings.
Merida Industry Co. Ltd. offers bikes, e-bikes, and components for mountains and different terrains. Domestic operations, the company operates the manufacturing and sale of products in Taiwan. It also operates the manufacturing and sale of products in Europe. Our report includes qualitative and quantitative analyses of companies with a wider understanding of the business ecosystem.
Technavio's report captures the growth trajectory of the market and is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Obtain an in-depth research synopsis outlining the bicycle market's state.
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