Industry Analysis and Forecast for the Bicycle Market by Type, Product, End User, and Region https://www.stellarmr.com/report/req_sample/Bicycle-Market/179 is the link to request a free sample. Furthermore, cycling is a well-established trend in both North America and Europe. This is because the majority of competitions, like LoToJa and the Tour de France, take place in these regions. Over the projected period, the bicycle industry is anticipated to grow at a CAGR of 7%.

During the forecast period of 2022 to 2032, the bicycle market is projected to grow steadily at a CAGR of 5.8%. The bicycle market is anticipated to increase from US$ 59,882.2 Million in 2021 to US$ 109,511.7 Million by 2032, according to FMI. One key driver is the growing awareness and concern for environmental sustainability. Bicycles are a clean and green mode of transportation that produces zero emissions. As more individuals and governments prioritize sustainability and seek alternatives to traditional vehicles, bicycles are becoming an attractive option for commuting, short trips, and recreational purposes. Urbanization is also playing a role in driving bicycle demand. As cities become more congested, there is a growing need for efficient and sustainable transportation solutions. Bicycles offer a convenient and flexible mode of transportation, especially for short-distance trips within urban areas. Governments and city planners are increasingly investing in infrastructure to support cycling, such as dedicated bike lanes and bike-sharing programs, further encouraging bicycle use. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15196 The creation of dockless bicycle sharing programmes that use mobile apps is the result of recent advancements in GPS technology and mobile app development. Additionally, it is anticipated that the broad adoption of such dockless bicycle-sharing systems will significantly raise demand for bicycles. Chinese bike-sharing companies are aggressively expanding their operations in Europe to take advantage of the market opportunities for bicycles. This should hasten the growth of the bicycle market throughout the predicted period. An upsurge in cycling events that are being staged in several countries around Asia, Africa, and the Middle East is boosting sales of road and mountain bikes. Due to the growing traffic congestion and shortage of parking, particularly in metropolitan areas, people are considering utilising bicycles to travel short distances in order to save time. Key Takeaways from Market Study The bicycle market is expected to have a CAGR of 4.76% during the forecast period. The bicycle market is having a market valuation of US$ 1159.6 billion in 2022 The market is segmented based on product, wherein the road bicycle accounted for an adequate global bicycle market share of 40% in 2021. The market is segmented based on end user, wherein the men segment accounted for a global bicycle market share of 40% in 2021. The market is segmented based on technology, wherein the conventional segment accounted for a significant global bicycle market revenue share of 80% in 2021. The Asia-Pacific bicycle market is anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period. The Europe bicycle market is expected to grow significantly with a CAGR of 10.4% during the forecast period. For more information: https://www.futuremarketinsights.com/reports/bicycle-market Competitive Landscape: Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure. Some of the major participants in the bicycle market are: Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal. Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination. Explore Wide-ranging Coverage of FMI’s Automotive Landscape Automotive ECU Market: https://www.futuremarketinsights.com/reports/automotive-ecu-market Automotive AC Compressor Market: https://www.futuremarketinsights.com/reports/automotive-air-conditioning-system-compressor-market Autonomous Vehicles Market: https://www.futuremarketinsights.com/reports/autonomous-vehicles-market

The global hybrid vehicles market is expected to create a lucrative growth opportunity over the estimation period from 2022 to 2032 by registering a CAGR of 21.6%. The market is anticipated to be valued at US$ 192.7 Billion in 2022 and is expected to reach a valuation of US$ 1,362.3 Billion by 2032. According to the historical analysis ranging from 2015 to 2021, the hybrid vehicles market exhibited growth at a robust CAGR of 11.4% and is projected to accelerate during the current estimation period at a phenomenal CAGR of 21.6% throughout the forecast period. This surging year-on-year growth in 2022 is expected to bolster even further as governments from all over the world are rapidly taking initiatives to reduce carbon footprints in the transportation sector. Get a holistic overview of the market from industry experts to evaluate and develop growth strategies. Download the sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-43 The widespread adoption of luxury vehicles combined with the enforcement of severe emission-related regulations and high demand for electric vehicles are all contributing to the expansion of the hybrid vehicles market. The hybrid vehicle market is predicted to hold around 25% to 30% of the global electric vehicles market. The growing trend of plug-in hybrid vehicles is expected to push sales in the global hybrid vehicles market in the next decade. Key Takeaways The global hybrid vehicles market is witnessing fast-paced growth due to significant demand for electric mobility, increasing fuel prices, and stringent regulations framed by governments in various regions. Besides this, electric vehicles are known for their fuel efficiency and generate lesser noise than conventional vehicles. Owing to the attractive incentives and subsidies offered by government authorities in order to support sales of hybrid vehicles, their demand is expected to enhance during the forecast period. Owing to the rising per capita income and disposable income across the globe, the demand for passenger cars and personal vehicles is surging with each passing day. With a surging fleet of automotive vehicles, the rate of carbon emissions is also on a rise. Due to surging fuel prices and rising awareness regarding global warming, the demand for substitute vehicles is growing at a rapid pace. Hybrid vehicles are known to offer better fuel efficiency and have less carbon emission rates, and the demand for hybrid electric vehicles is surging across the globe. Several manufacturers are also paying more attention to the development and introduction of multiple models of hybrid vehicles in order to support the expansion of electro-mobility solutions. A reasonable increase is witnessed in the sales of SUVs, luxury, and sports models. Customers are not just searching for performance, but they want their vehicles to be fully equipped with advanced technologies. Owing to the surging number of awareness campaigns held by government and private agencies in order to promote electric mobility, consumers all over the world are demanding electric vehicles. Attributing the higher practical benefits of plug-in hybrid vehicles are responsible for their immense popularity, in comparison to hybrid and pure electric vehicles. Customers of this type of vehicle tend to suffer from low-range anxiety as the internal combustion engine acts as a backup power source when the batteries run out of charge. In addition to that, the batteries of these vehicles are able to be charged by both internal combustion engines and an external source with the help of a plug. Owing to these aforementioned factors, the demand for plug-in hybrid vehicles is increasing across the globe. For more info: https://www.futuremarketinsights.com/reports/global-hybrid-vehicles-market Competitive Landscape Over the last few years, there has been a surging number of acquisitions and growth strategies in order to increase the development & production of hybrid vehicles. Several major firms are meticulously working on innovations and new technological developments. Some of the growth strategies used by key firms include contracts & agreements, new product developments, and partnerships to strengthen their market positions. Key Companies Profiled: Tilley Inflatable Design & Engineering LTD, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, Bayerische Motoren Werke AG (BMW). Explore FMI’s Extensive Ongoing Coverage on Automotive Domain Bicycle Market Off-highway Electric Vehicle Market Battery Swapping Charging Infrastructure Market

During the forecast period of 2022 to 2032, the bicycle market demand is projected to grow steadily at a CAGR of 5.8%. The bicycle market is anticipated to increase from US$ 59,882.2 Million in 2021 to US$ 109,511.7 Million by 2032, according to FMI. The increase of the bicycle market is anticipated to be driven by the rise in the number of people opting to bike as a leisure activity. The customer preference for bicycles as a practical form of exercise to ensure a healthy life free from obesity and other illnesses is predicted to further boost the bicycle market share rise. The creation of dockless bicycle sharing programmes that use mobile apps is the result of recent advancements in GPS technology and mobile app development. Additionally, it is anticipated that the broad adoption of such dockless bicycle-sharing systems will significantly raise demand for bicycles. Chinese bike-sharing companies are aggressively expanding their operations in Europe to take advantage of the market opportunities for bicycles. This should hasten the growth of the bicycle market throughout the predicted period. An upsurge in cycling events that are being staged in several countries around Asia, Africa, and the Middle East is boosting sales of road and mountain bikes. Due to the growing traffic congestion and shortage of parking, particularly in metropolitan areas, people are considering utilising bicycles to travel short distances in order to save time. For more information: https://www.futuremarketinsights.com/reports/bicycle-market Key Takeaways from Market Study The bicycle market is expected to have a CAGR of 4.76% during the forecast period. The bicycle market is having a market valuation of US$ 1159.6 billion in 2022 The market is segmented based on product, wherein the road bicycle accounted for an adequate global bicycle market share of 40% in 2021. The market is segmented based on end user, wherein the men segment accounted for a global bicycle market share of 40% in 2021. The market is segmented based on technology, wherein the conventional segment accounted for a significant global bicycle market revenue share of 80% in 2021. The Asia-Pacific bicycle market is anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period. The Europe bicycle market is expected to grow significantly with a CAGR of 10.4% during the forecast period. Competitive Landscape: Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure. Some of the major participants in the bicycle market are: Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal. Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination.

During the forecast period of 2022 to 2032, the bicycle market size is projected to grow steadily at a CAGR of 5.8%. The bicycle market is anticipated to increase from US$ 59,882.2 Mn in 2021 to US$ 109,511.7 Mn by 2032, according to FMI. Electric bicycles are expected to see significant growth in the coming years due to their convenience and eco-friendliness. The increasing focus on fitness and health is also expected to drive the demand for bicycles, as more people look for sustainable and cost-effective ways to stay active. This is particularly true in urban areas where cycling is a popular mode of transportation. The trend towards urbanization is also expected to fuel the growth of the bicycle industry. As cities become more congested, many people are turning to bicycles as a way to get around quickly and easily. The growth of bike-sharing programs is another factor that is expected to drive the growth of the bicycle industry. Bike-sharing programs are becoming increasingly popular in cities around the world, providing an affordable and sustainable transportation option for residents. The bicycle market growth is expected to be further fueled by expanding media coverage of such events and the growing influence of celebrity endorsement. Building the infrastructure necessary to encourage and support bicycle commuting is a top priority in China, Japan, and Singapore. For more information: https://www.futuremarketinsights.com/reports/bicycle-market Key Takeaways from Market Study The bicycle market is expected to have a CAGR of 4.76% during the forecast period. The bicycle marketis having a market valuation of US$ 1159.6 billion in 2022 The market is segmented based on product, wherein the road bicycle accounted for an adequateglobal bicycle market share of 40% in 2021. The market is segmented based on end user, wherein the men segment accounted for a global bicycle market shareof 40% in 2021. The market is segmented based on technology, wherein the conventional segment accounted for a significantglobal bicycle market revenue share of 80% in 2021. The Asia-Pacific bicycle marketis anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period. The Europe bicycle marketis expected to grow significantly with a CAGR of 10.4% during the forecast period. Competitive Landscape: Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure. Some of the major participants in the bicycle market are: Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal. Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination.

The bicycle market trends is projected to grow steadily at a CAGR of 5.8%. The bicycle market is anticipated to increase from US$ 59,882.2 Mn in 2021 to US$ 109,511.7 Mn by 2032, according to FMI. Bicycles have been a popular mode of transportation for decades, and their popularity is expected to continue growing in the future. Here are some of the factors driving this trend: Health and Fitness: Bicycling is an excellent form of exercise and is gaining popularity as a way to stay fit and healthy. The growing awareness of the importance of a healthy lifestyle is expected to increase the demand for bicycles in the future. Environmental Concerns: Bicycles are an eco-friendly mode of transportation that does not produce emissions or contribute to air pollution. As environmental concerns grow, the demand for bicycles is expected to rise. Urbanization: As cities become more crowded, bicycles offer a practical and convenient solution for short trips and commuting. The development of bike-friendly infrastructure, such as bike lanes and bike-sharing programs, is further driving the demand for bicycles in urban areas. Technological Advancements: The development of e-bikes, which feature electric motors that assist with pedaling, has made cycling more accessible and enjoyable for many people. The growing popularity of e-bikes is expected to contribute significantly to the growth of the bicycle market in the future The customer demand for bicycle as a practical form of exercise to ensure a healthy life free from obesity and other illnesses is predicted to further boost the bicycle market share. Many governments are aggressively constructing the infrastructure needed to support bicycle commuting at the same time, which boosts demand for bicycle. The creation of dockless bicycle sharing services that use mobile apps is the result of recent advancements in GPS technology and mobile app development. The widespread usage of such dockless bicycle-sharing programmes is also anticipated to significantly raise bicycle sales. Due to the emergence of several online bicycle booking platforms through web portals and mobile applications, such Uber Bike, Yulu, and others, it is anticipated that the use of cars is rising. This presents numerous opportunities in the bicycle market. The bicycle market growth is expected to be further fueled by expanding media coverage of such events and the growing influence of celebrity endorsement. Building the infrastructure necessary to encourage and support bicycle commuting is a top priority in China, Japan, and Singapore. For more information: https://www.futuremarketinsights.com/reports/bicycle-market Key Takeaways from Market Study The bicycle market is expected to have a CAGR of 4.76% during the forecast period. The bicycle marketis having a market valuation of US$ 1159.6 billion in 2022 The market is segmented based on product, wherein the road bicycle accounted for an adequateglobal bicycle market share of 40% in 2021. The market is segmented based on end user, wherein the men segment accounted for a global bicycle market shareof 40% in 2021. The market is segmented based on technology, wherein the conventional segment accounted for a significantglobal bicycle market revenue share of 80% in 2021. The Asia-Pacific bicycle marketis anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period. The Europe bicycle marketis expected to grow significantly with a CAGR of 10.4% during the forecast period. Competitive Landscape: Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure. Some of the major participants in the bicycle market are: Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal. Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination. Key segments By Product Type: Comfort Cruiser Mountain Hybrid Road Cargo Youth By Technology: Electric Conventional By Price: Low Range Medium range Premium By End User: Kids Men Women

During the forecast period of 2022 to 2032, the bicycle market share is projected to grow steadily at a CAGR of 5.8%. The bicycle market is anticipated to increase from US$ 59,882.2 Mn in 2021 to US$ 109,511.7 Mn by 2032, according to FMI. Competitive Landscape: Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure. Some of the major participants in the bicycle market are: Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal. Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination. The customer demand for bicycle as a practical form of exercise to ensure a healthy life free from obesity and other illnesses is predicted to further boost the bicycle market share. Many governments are aggressively constructing the infrastructure needed to support bicycle commuting at the same time, which boosts demand for bicycle. The creation of dockless bicycle sharing services that use mobile apps is the result of recent advancements in GPS technology and mobile app development. The widespread usage of such dockless bicycle-sharing programmes is also anticipated to significantly raise bicycle sales. Due to the emergence of several online bicycle booking platforms through web portals and mobile applications, such Uber Bike, Yulu, and others, it is anticipated that the use of cars is rising. This presents numerous opportunities in the bicycle market. The bicycle market growth is expected to be further fueled by expanding media coverage of such events and the growing influence of celebrity endorsement. Building the infrastructure necessary to encourage and support bicycle commuting is a top priority in China, Japan, and Singapore. For more information: https://www.futuremarketinsights.com/reports/bicycle-market Key Takeaways from Market Study The bicycle market is expected to have a CAGR of 4.76% during the forecast period. The bicycle marketis having a market valuation of US$ 1159.6 billion in 2022 The market is segmented based on product, wherein the road bicycle accounted for an adequateglobal bicycle market share of 40% in 2021. The market is segmented based on end user, wherein the men segment accounted for a global bicycle market shareof 40% in 2021. The market is segmented based on technology, wherein the conventional segment accounted for a significantglobal bicycle market revenue share of 80% in 2021. The Asia-Pacific bicycle marketis anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period. The Europe bicycle marketis expected to grow significantly with a CAGR of 10.4% during the forecast period.

During the forecast period of 2022–2032, the bicycle market size is projected to grow steadily at a CAGR of 5.8%. The bicycle market is anticipated to increase from US$ 59,882.2 Mn in 2021 to US$ 109,511.7 Mn by 2032, according to FMI. Key Takeaways from Market Study The bicycle market is expected to have a CAGR of 4.76% during the forecast period. The bicycle marketis having a market valuation of US$ 1159.6 billion in 2022 The market is segmented based on product, wherein the road bicycle accounted for an adequateglobal bicycle market share of 40% in 2021. The market is segmented based on end user, wherein the men segment accounted for a global bicycle market shareof 40% in 2021. The market is segmented based on technology, wherein the conventional segment accounted for a significantglobal bicycle market revenue share of 80% in 2021. The Asia-Pacific bicycle marketis anticipated to grow at the fastest rate, with a revenue share of 30% during the forecast period. The Europe bicycle marketis expected to grow significantly with a CAGR of 10.4% during the forecast period. The customer demand for bicycle as a practical form of exercise to ensure a healthy life free from obesity and other illnesses is predicted to further boost the bicycle market share. Many governments are aggressively constructing the infrastructure needed to support bicycle commuting at the same time, which boosts demand for bicycle. The creation of dockless bicycle sharing services that use mobile apps is the result of recent advancements in GPS technology and mobile app development. The widespread usage of such dockless bicycle-sharing programmes is also anticipated to significantly raise bicycle sales. Due to the emergence of several online bicycle booking platforms through web portals and mobile applications, such Uber Bike, Yulu, and others, it is anticipated that the use of cars is rising. This presents numerous opportunities in the bicycle market. The bicycle market growth is expected to be further fueled by expanding media coverage of such events and the growing influence of celebrity endorsement. Building the infrastructure necessary to encourage and support bicycle commuting is a top priority in China, Japan, and Singapore. For more information: https://www.futuremarketinsights.com/reports/bicycle-market Competitive Landscape: Key players in the bicycle market can develop and promote newer, better products at higher price points in order to maintain a competitive edge in the bicycle market. As there are so many important players in the bicycle market, the expansion of the market is highly fragmented and diverse in its structure. Some of the major participants in the bicycle market are: Accell Group, Atlas Cycles (Haryana) Ltd., Avon Cycles Ltd., Cervelo, Dorel Industries Inc., Giant Bicycles, Merida Industry Co., Ltd., Specialized Bicycle Components, Inc., SCOTT Sports SA, and Trek Bicycle Corporation. In order to grow its business in this sector, Beerens Groep NV, a Belgian automotive supplier company, in July 2020, purchased the distributor of a felt brand from its French parent company Skis Rossignol S.A., Van Der Wal. Pony is a 2017 app-based platform for dockless bicycle rentals in a few locations across Europe. The software allows users to find nearby vehicles that are available and lock/unlock them by scanning a QR code. Users may leave the bicycle at any authorized spot when they reach their destination. Key segments By Product Type: Comfort Cruiser Mountain Hybrid Road Cargo Youth By Technology: Electric Conventional By Price: Low Range Medium range Premium By End User: Kids Men Women