Pedaling into Europe's Future Mobility Craze: Europe-Bicycle Market to witness USD 4.73 Bn revenue expansion 

Urbanization and increased incomes are boosting car sales, leading to more traffic congestion. This congestion is pushing people to opt for bicycles as a preferred mode of transport. European governments are actively promoting bicycles for commuting, therefore there has been a significant rise in bicycle rentals across Europe.

As per the forecast, between 2023 and 2027, the European Bicycle Market is projected to expand at a CAGR of 4.05%, with an anticipated growth in market size of USD 4.73 Bn.

Overview of the Europe-Bicycle Market Analysis 

Rental services offer easy bicycle access without ownership hassles. Users can choose short-term or subscription-based rentals, available hourly, monthly, or yearly. Some services even allow bookings through mobile apps.

Rental providers are investing in new bicycles to meet growing demands. Accell Group NV, BH BIKES EUROPE SL, BikeCo LLC, Brompton Bicycle Ltd., Cicli Pinarello Srl, Cycleurope AB, Giant Manufacturing Co. Ltd., GOVECS AG, Kalkhoff Werke GmbH, Kona Bicycle Co., KWANG YANG MOTOR Co. Ltd., LOOK Cycle International, Marin Mountain Bikes Inc. are some of the top businesses when it comes to the Europe-Bicycle Market. Intrigued for more? Don't skip our comprehensive market report! Uncover a treasure trove of insights about the booming market.

Technavio’s analysis of the Europe-Bicycle Market also includes:

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive the bicycle market in Europe growth during the next five years
• Precise estimation of the bicycle market in Europe size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bicycle market in European industry across 
• A thorough analysis of the market’s competitive landscape
• Comprehensive details of factors that will challenge the growth of the bicycle market in Europe