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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 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. ....
The corporate logo for Dorel Industries Inc. is shown in this handout photo. THE CANADIAN PRESS/HO May 07, 2021 - 6:34 AM MONTREAL - Dorel Industries Inc. reported a first-quarter profit of US$2.7 million as its revenue rose more than 20 per cent compared with a year ago. The Montreal-based company, which keeps its books in U.S. dollars, says the profit amounted to eight cents per diluted share for the quarter ended March 31 compared with a loss of US$57.8 million or US$1.78 per diluted share a year ago. Revenue totalled US$708.9 million, up from US$580.8 million. Dorel says revenue in its sports division, which includes its bicycle business, was US$270.3 million, up from US$188.2 million a year ago. ....
Dorel reports US$2.7M Q1 profit, revenue soars 20% from year ago by The Canadian Press Last Updated May 7, 2021 at 9:44 am EDT MONTREAL Dorel Industries Inc. reported a first-quarter profit of US$2.7 million as its revenue rose more than 20 per cent compared with a year ago. The Montreal-based company, which keeps its books in U.S. dollars, says the profit amounted to eight cents per diluted share for the quarter ended March 31 compared with a loss of US$57.8 million or US$1.78 per diluted share a year ago. Revenue totalled US$708.9 million, up from US$580.8 million. Dorel says revenue in its sports division, which includes its bicycle business, was US$270.3 million, up from US$188.2 million a year ago. ....