Report Name: -“2019-2023 Global Bicycle Consumption Market Report”
According to recent analysis, A GlobalBicycle marketreport provides in-depth unique Insights with Size, Share, Trends, Scope, Growth, Manufacturers, Suppliers, Distributors, Traders, Customers, Investors and Major Types as well as Applications and Forecast Period (2019 2023).Bicycle report provides a unique tool forevaluating the Overall Market, underlining opportunities, and supporting strategic and tactical decision-making.
Bicycle Market Overview:-
Bicycle, often called a bike or cycle, is a non-automatic vehicle with two wheels in tandem, usually propelled by pedals connected to the rear wheel by a chain, and having handlebars for steering and a saddle like seat.Bicycle is principal means of transportation, it also provide a popular form of recreation, and have been adapted for use as children’s toys, general fitness, courier services, and bicycle racing. Due to the straightforward production technology as well as low cost and price, bicycle industry gets a fast development in recent years. The production of bicycles is concentrated in the China, USA, Europe and India. Giant Bicycles, Hero Cycles, TI Cycles, Trek, Shanghai Phonex, Atlas, Flying Pigeon famed for their bicycle production, are among the major bicycle producers in the world.Global sales of bicycles will increase to 132214 K Units in 2016 from 118969 K Units in 2012. It is predicted that the global bicycle demand will develop with an average growth rate of 1.39% in the coming five years.Currently, most of bicycles produced in China are exported to other countries, such as USA and West Europe. Moreover, Chinese producers also are the major OEMs for the foreign famous brands. According to the research, Giant provides OEM service to Trek, based in Taiwan and China Mainland.Over the next five years, projects that Bicycle will register a 5.0% CAGR in terms of revenue, reach US$ 37700 million by 2023, from US$ 28200 million in 2017.
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This report presents a comprehensive overview, market shares, and growth opportunities of Bicycle market by product type, application, key manufacturers and key regions.
Bicycle market Top Key Players:
Bicycle Production Breakdown Data byTop Region:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
By the product type, the Bicycle marketis primarily split into:
By the end users/application, Bicycle marketreport coversthe following segments:
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The study objectives of this report are:
In the end, Bicycle market report undertakes the new project,key development areas, business overview, product specification, SWOT analysis, investment feasibility analysis, return analysis, and development trends.The study also presents a round-up of exposures which companies operating in the market and must be avoided in order to enjoy bearable growth through the course of the forecast period.
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To view the original version on The Express Wire visit (2019-2023) Bicycle Market Global Industry Size, Growth, Segments, Revenue, Manufacturers & Forecast