ALBANY, N.Y., Sept. 2, 2020
- Growing awareness regarding health benefits of cycling is set to drive notable growth in the market over the forecast period
- Government efforts towards minimization of use of conventional vehicles and fuel is contributing to this growth
- Asia Pacific region is set to hold a prominent share of the market
ALBANY, N.Y., Sept. 2, 2020 /PRNewswire/ -- Over the forecast period of 2020 to 2030, the global bicycle market is set to grow at a healthy compound annual growth rate of 5.5 %, taking the market worth up to a hefty valuation of USD 82 billion by the end of the stated period.
As per TMR, "A number of factors are supporting growth in this market. Some of these are growing focus on health, improvement in technology, and increasing fuel prices. Governments across a number of nations are trying to bring down their carbon footprint, thereby supporting cycling initiatives."
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php
Key Findings of Global Bicycle Market Study:
Request the Covid19 Impact Analysis across Bicycle Industries and Markets
Key Drivers of Growth in Global Bicycle Market:
Explore 231 pages of expansive research, cutting-edge insights, and detailed projections. Analyze and discover the latest developments in the Bicycle Market (Type: Road Bicycle, Mountain Bicycle, Hybrid Bicycle, Touring Bicycle, Fitness Bicycle, Cruiser Bicycle, Cyclocross Bicycle, and Others; Size: XXS, XS, S, M, L, XL, and XXL; Technology: Conventional and Electric; Gear Type: Without Gear and With Gear; Suspension: Front Suspension, Full Suspension, and No Suspension; Price: Low, Medium, and High; End Use: Men, Women, and Kids; and Distribution Channel: Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/bicycle-market.html
Regional Analysis of Global Bicycle Market:
Analyze global bicycle market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Analysis of Global Bicycle Market:
The global bicycle market is marked by a notable degree of competitiveness. It is a natural outcome of presence of a decent number of strong players in the market landscape. Some of these strong players in the market are BMC Switzerland AG, Boardman Bikes Ltd, Cannondale Bicycle Corporation (Cycling Sports Group, Inc.), Firefox Bikes, Fuji Bike Worldwide, Giant Bicycle, SCOTT Sports SA, Shimano Inc., Specialized Bicycle Components, Inc., and Trek Bicycle Corporation. Of the mix of organic and inorganic strategies that players often deploy to stay ahead of the curve, measures such as expansion of geographic reach via key alliances, better marketing initiatives, and new product launches are quite prominent. High product visibility is key to enlarge consumer base.
In its report on the market, Transparency Market Research has provided a deep dive into these growth strategies opted by different market players. Financials and product information (market share, new launches, etc.) is also enumerated in great detail.
Access TMR Press Releases - https://www.transparencymarketresearch.com/press-releases.htm
Global Bicycle Market: Segmentation
Bicycle Market, by Type
Bicycle Market, by Size
Bicycle Market, by Technology
Bicycle Market, by Gear Type
Bicycle Market, by Suspension
Bicycle Market, by Price
Bicycle Market, by End Use
Bicycle Market, by Distribution Channel
Bicycle Market, by Region
Explore Transparency Market Research's award-winning coverage of the Global Consumer Goods & Services Industry:
Fancy Yarn Market – The global fancy yarn market would be largely driven by increasing demand for fashion fabrics, rapid expansion of the middle-class population, and changing consumer preferences regarding fashion and clothing. These factors are expected to boost the market during the forecast period.
Hair Dryer Market – The global hair dryer market would be largely driven by rise in awareness about personal grooming and growth in population, which has led to high adoption of hair styling tools globally, mainly in countries such as the U.S, Germany, China, and India. This is expected to boost the growth of the hair dryer market in the upcoming years.
Self-tanning Products Market – The global self-tanning products market. In terms of revenue, the global self-tanning products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global self-tanning products market report.
Access TMR Upcoming Reports - https://www.transparencymarketresearch.com/upcoming.htm
Access Recently Published Reports by TMR - https://www.transparencymarketresearch.com/latest.htm
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Mr Rohit Bhisey
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/bicycle-