According to a new report by Expert Market Research, ‘Global Bicycle Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, the Global Bicycle Market was valued US$ 51.44 Bn in 2019 and is estimated to reach US$ XX Bn by 2025 at a CAGR of XX%.
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Competitive Landscape & Supplier Analysis:
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Bicycles are used as an effective tool to curb pollution, globally, and are widely promoted by authorities as an environmentally-friendly transportation medium. Traffic congestion, which is a callous impact of urbanization, is a major concern for commuters across the world. Traffic jams have increased tremendously over the years, globally. By cycling, people could avoid massive traffic congestions and reach their destination comparatively faster. These factors are anticipated to contribute toward the growth of the bicycle market over the coming years.
The bicycles themselves are not just split by riders or category of bike, but also by the way they are sold and distributed. Smaller shops have a limited selection, but are made of mostly the most expensive bikes, while mass retailers cover everyone else’s needs. Local shops cater to riders by offering repairs, tune ups, tire changes and other maintenance services.
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It also includes an elaborated competitive scenario and portfolio of key market players. To know the competitive landscape prevailing in the market, an analysis of Porter’s five forces model of the mentioned market is also been included. The study includes market attractiveness analysis, wherein segments are benchmarked based on market growth rate, size and attractiveness. The report is prepared using data sourced from in-house databases, primary and secondary research team of industry experts.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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