Tag: Mountain

Bicycle Market Size Worth $75.47 Billion By 2025

According to a recent report published by Grand View Research Inc.,increase in cycling activity as a form of leisure, coupled with awareness regarding its health benefits have largely favored the market expansion.

According to a report, “Bicycle Market Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road), By Technology (Electric, Conventional), By End User (Men, Women, Kids), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc. The global bicyclemarket size is expected to reach USD 75.47 billion by 2025, registering a CAGR of 6.1%,as per a new report by Grand View Research Inc.Bicycles are preferred for short distance commutes and can save fuel costs unlike vehicles. Moreover, growing traffic congestions and limited parking spaces are prompting people to reconsider bicycles as a primary commute option.

Rising emphasis on the use of environment friendly modes of commute for short distances by the governments across the world is projected to positively influence market growth. The fact that bicycles do not emit any pollutants is anticipated to drive their demand in near future.

The road bicycle is estimated to emerge as the fastest-growing segment during the forecast period. Road bicycles happen to be the most basic bicycles that people prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated o bode well for growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/bicycle-market

Bicycle Market Highlights

  • The Covid-19 pandemic emerged as a boon for Indian bicycle market as AlphaVector bicycle sales soar up five times as compared to pre-pandemic times.
  • In February 2021, IAA Mobility announced its first bicycle brand partners to present e-bikesa vital part of modern mobility. The summit will present a wide variety of suppliers such as IoT-tech, connectivity, tires and general hardware manufacturers.
  • February 2021 marked the introduction of a revamped Bicycle Commuter Act in the U.S. to ensure pre-tax commuter benefits for bike commuters similar to those who drive and park, and take public transportation to work.
  • Mountain bicycle segment is will expand at a CAGR exceeding 4% in the coming years, on account of its growing popularity and the increasing media coverage for racing events Bicycle Market Segmentation

Bicycle Frames Market Size Worth $32.8 Billion By 2027

The global bicycle frames market size is expected to reach USD 32.8 billion by 2027, registering a CAGR of 6.1% over the forecast period, according to a new study conducted by Grand View Research, Inc. Bicycle frame is one of the key components while purchasing a bike. It plays an important role in the bicycle performance as it influences weight balance of the vehicle. Aluminium and steel were the most preferred materials used for forming the bicycle frame traditionally. However, the development of modern composites is also leading to the adoption of materials such as titanium and carbon fiber to form frames in order to reduce the bike weight and improve the performance.

Bicycle demand is now gaining prominence after years of decline in demand mainly due to increasing influence of automotive industry. Rising adoption of bicycles as a mode of transport on account of their environmental and health benefits is anticipated to positively influence the market growth. Cycles are also widely used for recreational touring and sports activities. All the aforementioned factors are anticipated to supplement the market growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/bicycle-frames-market

Further key findings from the study suggest:

  • Road bike is the most basic type of bicycle and is expected to witness high market growth by 2027.
  • The market is expected to witness an increasing use of titanium and carbon fiber materials for manufacturing of frames over the forecast period
  • Carbon frames have gained immense popularity in the material segment. Carbon fiber material is known for its notable properties such as stiffness, lightweight, and high strength
  • Large concentration of manufacturers of bicycle frame in Asia Pacific is driving the regional demand
  • The growing trend for local distribution channel along with the rising labor cost in developing economies is driving manufacturers back to developed nations such as Europe and North America