Bicycle Market: Global Industry Analysis and Forecast to 2020

Bicycle Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

Bicycle Market: Global Industry Analysis and
Forecast to 2020

Persistence Market Research

1

Bicycle Market: Global Industry Analysis and Forecast to 2020
Persistence Market Research Released New Market Report on “Bicycle Market: Global
Industry Analysis and Forecast to 2020”.
Bicycle is a convenient form of transportation. It is an important mode of sustainable transport
and provides price, performance and environment benefits over gasoline based vehicles. Cycles
are non-polluting, inexpensive, and healthy for consumers.
Bicycles are considered as environment-friendly means of transformation. Some of the latest
electric-power bicycles are popular as a ‘green transport vehicle’ in many part of the world. Over
the past decade the bicycle market has gone through many technological and performance
based changes such as enhanced product quality, advancement in the field of production
automation by engrossing and implementing sophisticated tools and technologies available
globally.
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Based on the various user group of the bicycle, the global bicycle market are broadly
categorized in three broad segment namely sports bicycle, adult bicycle, and kids bicycle. On
the basis of technology, the market can be segmented in two different class namely electric
bicycle and human-powered bicycles. Electric bicycles are the fasted growing segment and it is
expected that market will exhibit an even healthier growth in upcoming years.
One of the major drivers of bicycle market is consumer acceptance of cycling as a part of their
fun and fitness activity. Moreover surging traffic congestion and escalating fossil fuel prices are
helping the acceptance of bicycle as a means of transportation. Growing demand of low-cost
private...