The global bicycle market size is poised to grow by USD 10.5 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Bicycle Market 2020-2024 (Graphic: Business Wire)
The health, environmental, and economic benefits of cycling will be a significant factor driving the growth of the bicycle market. Regular physical activity such as riding a bicycle can help in reducing the risk of various health issues, including cardiovascular diseases, obesity,