Bicycle Market is Projected to increase at a Significant CAGR in 2027

Gmi Research19 Jul, 2022Business

The factors driving the growth of Bicycle Market includes growing consumers inclination towards adopting healthy lifestyles, rising popularity of dockless bicycle-sharing systems and increasing number of bicycle events such as Tour de France and Ronde van Vlaanderen. Moreover, increasing traffic congestion in cities, rising Government expenditure to develop separate lane for cyclists and growing demand for electric bikes.