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The global bicycle market size is expected to reach usd 75 47 billion by 2025 according to a new report by grand view research inc.
Bicycle world market size. What is the market size share of electric bike. The increase in the number of people opting for bicycling as a form of leisure is anticipated to propel the growth. The e bike market was valued at usd 15 42 billion in 2019 and it is expected to witness a cagr of 7 49 during the forecast period 2020 2025. The global bicycle market size was valued at usd 47 51 billion in 2017.
Persistence market research pmr recently published a study on the global bicycle market the report provides detailed valuation on key market dynamics such as the drivers trends opportunities and restraints along with detailed information about the bicycle market structure. It is expected to expand at a cagr of 6 1 from 2018 to 2025. The global bicycle lights market is poised to. It is projected that by 2022 the global bicycle market will reach some.
Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are expected to bolster market growth. Bicycle sales value in spain in 2019 by type. Global bicycle market offers a range of bicycles including road bicycles hybrid bicycles all terrain bicycles e bicycles and others through offline and online retail stores. Value of bicycle sales in spain in 2015 by distribution channel.
We are in process of revamping electric e bike market with respect to covid 19 impact. It is anticipated to expand at a cagr of 6 1 over the forecast period. The global electric bike e bike market size was usd 7 68 billion in 2018 and is projected to reach usd 46 04 billion by 2026 exhibiting a cagr of 24 5 during the forecast period. Bicycle market scope of the report.
The study also covers the global level analysis of the major regions north america europe asia pacific south america and the middle east africa. This statistic represents the size of the global bicycle market from 2011 through 2016 with a forecast for the year 2022.
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