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Bicycle Market Overview by Advance Technology And Future Outlook 2030

The Bicycle Market size was valued at USD 70.49 Bn in 2023 and market revenue is growing at a CAGR of 9.8% from 2023 to 2030, reaching nearly USD 135.63 Bn by 2030.<br><br>https://www.maximizemarketresearch.com/market-report/global-bicycle-market/20033/

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Bicycle Market Overview by Advance Technology And Future Outlook 2030

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  1. BICYCLE MARKET GLOBAL ANALYSIS REPORT 2024-230 Published by: Shweta, Automotive and Transportation Specialist

  2. Market Size & Overview: The global bicycle market was valued at USD 70.49 billion in 2023 and is projected to reach approximately USD 135.63 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.8% during this period. This growth is driven by a shift towards sustainable and health-conscious transportation options, with bicycles becoming a preferred choice for eco- friendly and efficientmobility.

  3. Market Growth & Opportunities The rising demand for electric bicycles (e-bikes) is a significant contributor to market expansion. E-bikes combine the benefits of traditional cycling with electric assistance, making longer commutes more accessible and appealing. Advancements in battery technology have enhanced e-bike affordability and performance, attracting a broader consumer base. Additionally, government initiatives promoting cycling infrastructure and offering incentives for bicycle use are creating favorable conditions for market growth. Sample Request Sample Request

  4. Market Segmentation by Product by Technology Mountain Bikes Electric Hybrid Bikes Conventional Road Bikes Cargo Bikes by End-User Others Men Women by Design Kids Folding Regular

  5. Regional Analysis: • North America: The region has witnessed increased bicycle adoption due to growing health awareness and environmental concerns. Urban areas are investing in cycling infrastructure, further encouraging bicycle usage. • Europe: With a well-established cycling culture, Europe leads in bicycle market share. Government policies supporting sustainable transportation and extensive cycling networks contribute to the region's market dominance. • Asia-Pacific (APAC): Rapid urbanization and a focus on reducing traffic congestion have propelled bicycle demand in APAC. Countries like China and India are experiencing significant market growth, supported by large populations and increasing environmental awareness.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request Customized Report Request

  7. Merges and Acquisition ❑SRAM Corporation Acquires RockShox: SRAM acquired RockShox, a leader in bicycle suspension technology, enhancing its product portfolio in high-performance cycling components. ❑Accell Group Acquired by KKR: The U.S. investment firm KKR acquired Accell Group, a major European bicycle manufacturer, in a €1.56 billion deal to drive growth and innovation. ❑SRAM Acquires Hammerhead: The acquisition of Hammerhead, known for its GPS cycling computers, allowed SRAM to integrate advanced navigation technology into its product range. Buy This Report Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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