According to the latest report by Expert Market Research, titled "Bicycle Market: Global Industry Trends, Share, Size, Growth, Demand, Opportunity and Forecast 2022-2027,” the bicycle market Report expected to grow at a CAGR of around 7% during 2022-2027. The market is primarily driven by the increasing prevalence of chronic diseases, due to which individuals are opting for bicycles to ensure healthy living. In addition, less availability of parking space and growing traffic congestion in metropolitan cities have escalated the product demand. The introduction of bicycles in the market that offers higher capacities and longer life than their conventional counterparts is anticipated to fuel the market growth in the upcoming years. The major players in the market are Trek Bicycle Corporation, Dorel Industries Inc., Accell Group , Giant Manufacturing Co. Ltd. and, Pon Holdings BV are the major companies operating in Bicycle Market.
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