Global Bicycle Market Report 2018-2028 - Market is Growing Significantly as Bike-Sharing Companies, Particularly in Europe and Asia are Investing Aggressively in Expanding their Operations
Share this article Share this article ResearchAndMarkets.com's offering. The global bicycle market size is anticipated to reach USD 92.49 billion by 2028, registering a CAGR of 7.0% over the forecast period Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors 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 b...