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At 26.5 Bn, Bicycle Component Aftermarket To Clock Ahead At 7% CAGR Through 2031 Due To Dramatic Increase In Bicycle Ownership During Pandemic Times

The bicycle components aftermarket study by Future Market Insights (FMI) offers riveting insights into key segments including component and bicycle. It underscores product launches as key strategy ....

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[Funding alert] Bicycle-sharing startup MYBYK raises $1M from Avon Cycles, others

[Funding alert] Bicycle-sharing startup MYBYK raises $1M from Avon Cycles, others
3 CLAPS
Sanjay Baweja, ex-CFO, Flipkart.
This is the maiden round of funding for the
Ahmedabad-headquartered startup. Mybyk said it will use the funding to scale up the deployment of technology by introducing electric pedal-assist bicycles, expanding the leadership team and bolstering marketing efforts, as it looks at expanding to new geographies in India. The startup is targetting to increase its fleet to two million bikes by 2025.
“We are grateful to Avon Bicycles and our esteemed investors for reposing faith in us. This development is a testament to our resolve to redefining the public mobility landscape through accessibility, affordability, and reliability. We remain steadfastly committed to the goal of mitigating carbon footprints through sustainable transportation, said Arjit Soni, Founder and CEO, MYBYK. ....

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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

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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 bicycles as a primary option for the commute.
Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in near future. ....

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Bicycle Components Market : Share ,Latest Research Report, Trend, Growth, Application and Outlook Analysis Report 2027

Bicycle Components Market : Share ,Latest Research Report, Trend, Growth, Application and Outlook Analysis Report 2027
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India Electric Scooter and Motorcycle Market 2020-2025: Market is Predicted to Register a CAGR of 57.9% - Long-range Electric Scooters and Motorcycles to Gain Traction

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The Indian electric scooter and motorcycle market would reach a sales volume of 1,080.5 thousand by the end of 2025, exhibiting a CAGR of 57.9% between 2020 and 2025.
Due to the rising pollution and the increasing provision of financial incentives by the government, the sales of electric scooters and motorcycles are booming in India. In 2019, nearly 152.0 thousand units of electric motorcycles and scooters were sold in the country, registering a 20.6% growth annually from 2014.
In terms of retail sales value, the market is predicted to advance at a CAGR of 63.9% from 2020 to 2025 and attain a revenue of more than $1.0 billion in 2025. A key factor fueling the growth of the market is the provision of lucrative financial incentives and subsidies on electric vehicles by the government. Moreover, the government is also providing tax exemptions and purchase rebates for promoting the utilizati ....

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