Bicycle Market Anticipated To Expand At A CAGR Of 6.1% Over The Forecast Period 2018 - 2025: Grand View Research Inc.
San Francisco, 25 February 2019: The Report BicycleMarket Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road), By Technology (Electric, Conventional), By End User (Men, Women, Kids), By Region, And Segment Forecasts, 2018 – 2025. The global bicycle market size is expected to reach USD 75.47 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.1% over the forecast period. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are expected to bolster market growth. Bicycles are being preferred for short distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary commute option. Rising emphasis on the use of non-polluting vehicles for short distance commutes by the governments across the