Portland, OR -- (SBWire) -- 05/10/2018 --Bicycles, also called as bikes, are a two-wheeler vehicle that is an eco-friendly and inexpensive way of commute. Manual pedal bicycles do not require any external fuel or supply source whereas electric-driven bicycles (with 250W motor) are assisted by electric power and have the option to be manually pedaled.
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The analysts forecast the global bicycle market to grow to USD 44.40 billion during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global bicycle market for 2018-2022. To calculate the market size, the report considers the scope includes the retail sales of manual, human-powered two wheeled pedal, bicycles and motor-assisted bicycles, with only electric bikes (e-bikes) that have maximum of 250W motors fitted-in it to exceed not more than 25 km per hour.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Global Bicycle Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Accell Group
- Dorel Industries
- Giant Bicycle
- GUANGDONG TANDEM INDUSTRIES
- Insera Sena
- MERIDA
Market driver
- Consumer's shifting preference toward cycling as a sport, leisure, and cardio activity
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Market challenge
- Greater availability and increasing market of refurbished bicycles
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Market trend
- Technological advances in bicycles industry
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Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Global Bicycle Market Greater Availability and Increasing Market of Refurbished Bicycles