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Bicycle Market

As per the report, the market experiences sustained growth due to a series of product launches and innovative developments by industry leaders. For instance, in November 2023, Honda introduced its inaugural electric bicycle concept, the e-MTB, during the Japan Mobility Show. Unlike many other concept designs, this electric bicycle appears to be nearly production-ready in terms of its design.

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Bicycle Market

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  1. Bicycle Market 2023-2032; Growth Forecast & Industry Share Report

  2. Industry Insights • Bicycle Market is projected to cross USD 102.8 Bn by 2032, cites the latest research analysis by Global Market Insights Inc. As per the report, the market experiences sustained growth due to a series of product launches and innovative developments by industry leaders. For instance, in November 2023, Honda introduced its inaugural electric bicycle concept, the e-MTB, during the Japan Mobility Show. Unlike many other concept designs, this electric bicycle appears to be nearly production-ready in terms of its design. • Women segment will register a noteworthy CAGR from 2023 to 2032, as per the report. Women of all ages are increasingly embracing bicycles for various purposes. Bikes serve as eco-friendly transportation options, exercise equipment, and a means of recreation.

  3. The versatility, health benefits, and empowerment associated with cycling appeal to women, making them a significant segment of the market. Bicycle manufacturers continue to cater to their specific needs, further driving the bicycle market growth among female consumers. • Traditional bicycle industry could exhibit a decent growth rate over 2023-2032, claims the report. Loved for their simplicity, reliability, and eco-friendliness, traditional bikes are versatile and cost-effective. They serve various purposes, from commuting to leisure rides and exercise. In both urban and rural areas, people value the practicality and health benefits of traditional bicycles, ensuring their enduring contribution to the bicycle market demand.

  4. Regional Analysis • Europe bicycle industry will register a robust CAGR from 2023 to 2032, owing to Europe's strong focus on environmental sustainability and healthy living, encouraging bicycle use. Extensive cycling infrastructure in many European cities promotes commuting and leisure riding. Additionally, the growing preference for e-bikes, combined with government incentives, further fuels demand. Europe's enduring love for cycling as a practical and eco-friendly transportation mode sustains the vibrant bicycle market in the region. • Competitive Analysis • Cannondale, MERIDA BIKES, Trek Bicycle Corporation, Cube Bikes Colnago, Tern Bicycles, Giant Manufacturing Co., Ltd., Scott Sports, Fuji Bikes, GT Bikes, Specialized Bicycle Components, Inc.,

  5. Bicycle Market  @ https://www.gminsights.com/industry-analysis/bicycle-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/6748 Request for customization: https://www.gminsights.com/roc/6748

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