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Global bicycle components market - PowerPoint PPT Presentation

Bicycle & Components Market to Witness Robust Expansion throughout the Forecast Period 2018-2026

Bicycle & Components Market to Witness Robust Expansion throughout the Forecast Period 2018-2026

The bicycle & components market was valued at US$ 45,080 million in 2016 and is projected to reach US$ 66,692 million by 2025, exhibiting a CAGR of 4.7% over the forecast period. Increasing concerns regarding fitness has urged individuals to use bicycles as a mode of routine exercise. Furthermore, novel designs of bicycles dedicated towards safety and comfort of the user has further boosted the adoption of various types of cycles across wide range of users based on their age, demographics, and interests. Constant fluctuations of prices for fuels used in motor vehicles and increasing awareness of environment-friendly transportation is improving the adoption of bicycles worldwide.

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36 views • 3 slides
Bicycle & Components Market to Witness Robust Expansion throughout the Forecast Period 2018-2026

Bicycle & Components Market to Witness Robust Expansion throughout the Forecast Period 2018-2026

The bicycle & components market was valued at US$ 45,080 million in 2016 and is projected to reach US$ 66,692 million by 2025, exhibiting a CAGR of 4.7% over the forecast period. Increasing concerns regarding fitness has urged individuals to use bicycles as a mode of routine exercise. Furthermore, novel designs of bicycles dedicated towards safety and comfort of the user has further boosted the adoption of various types of cycles across wide range of users based on their age, demographics, and interests. Constant fluctuations of prices for fuels used in motor vehicles and increasing awareness of environment-friendly transportation is improving the adoption of bicycles worldwide.

★ ★ ★ ★ ★

42 views • 3 slides

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