Bicycle Industry Growth In India

54 000 e bikes were sold in 2015 with an impressive 24 growth as compared to the previous year according to the dutch industry association which took sales to around 276 000 e bikes excluding speed ones.

Bicycle industry growth in india. The report intends to provide cutting edge market intelligence. This report forecasts revenue growth at the global regional and country levels and provides an analysis of the latest industry trends for each of the sub segments from 2014 to 2025. China japan australia india and south korea are some of the top contributing countries in the region. The electric bikes majorly use li ion chargeable battery and have a maximum of 99 4 miles 160 km in one single charge.

India bicycle market by type by geared vs gearless by rim size competition forecast and opportunities 2011 2021 evaluates the future growth potential of bicycle market in india and provides statistics and information on market structure consumer behavior and trends. Moreover these countries have started hosting numerous cycling tournaments which in turn will increase the popularity and demand for sports bicycles. Two wheeler sales in india reached an all time high as of 2019 when india s auto industry sold some 21 million units. Bicycle industry urges govt to keep sector out of rcep agreement 24 oct 2019 01 58 pm ist.

The regional comprehensive economic partnership rcep agreement is being negotiated among 16 countries including the 10 member association of southeast asian nations asean india china japan australia new zealand and south korea. 67 11 1 introduction 11 2 asia pacific 11 2 1 china 11 2 2 japan 11 2 3 taiwan 11 2 4 south korea 11 2 5 india 11 3 europe 11 3 1 germany. 10 3 1 throttle type electric two wheelers segment is expected to witness negative growth owing to incompatibility with e bike laws and regulations of many countries. Asia pacific is the fastest growing region in the global bicycle market.

According to india bicycle market outlook 2021 the indian bicycle market is expected to grow at immense growth rate during forecast period due to increasing the adoption of premium bicycles. India bicycle industry size sales share other stats impact of covid 19 outbreak on india bicycle industry manufacturers contract manufacturers suppliers and recovery strategy and dynamics such as emerging trends market opportunity drivers challenges to market growth have been included in the latest report published by goldstein market intelligence. For the purpose of this study grand view research has segmented the global bicycle market report on the basis of product technology end user and region.