Global Market Study on Bicycle Accessories: Surging Bicycle Sales Leading to Heightened Demand for B

Krazymedia14 Nov, 2022Business

The bicycle accessories market is correlated with bicycle sales. The bicycle market is being driven by electric bicycles, which account for a significant share in the developing economies of the world, such as China. Moreover, governments of several countries are promoting electric bicycles in order to reduce carbon emissions and traffic congestion. Technology, macro-economic environment, and environment-friendly consumer behavior are having a huge impact on the sales of bicycles and e-bikes, which is subsequently paving the way for the growth of the global bicycle accessories market. Heavy traffic congestion and urbanization is leading more people to opt for bicycles, which is thereby heightening demand for bicycle accessories such as speedometers, mud flags, bar grips, LED lights, etc., to make the riding experience more comfortable.