Research Nester released a report titled “Global Bicycles Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global bicycles market in terms of market segmentation by product type, demography, end user, distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global bicycles market is anticipated to grow at a CAGR of around 4.5% over the forecast period (2020-2027), owing to growing health and fitness related awareness among individuals which are encouraging the adoption of bicycles as an alternative environmental friendly alternative.