Global Bicycle Market Europe dominate with shares of 19.9% | Page 3

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In 2016, the APAC is estimated to dominate the global market with 63.8% value share, followed
by the Europe and North America regions with shares of 19.9% and 12.5%, respectively. China
is estimated to hold the major share in the global bicycle market having the largest market for the
bicycles. It is estimated that the number of E-bikes in China are more than E-cars. The Europe
region is forecast to reach US$ 13.52 Bn by 2024 end, expanding at a CAGR of 4.9% over the
forecast period. The North America and Europe are estimated to hold a collective share of 32.4%
by 2016 end.
Some of the key market players that have been covered in the global bicycle market report are
Zhonglu Co. Ltd., Atlas Cycles Ltd., Merida Industry Co. Ltd., Trek Bicycle Corporation, Giant
Bicycle Inc., Accell Group, Tube Investment of India Limited, Derby Cycle, Samchuly Bicycle Co,

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P e r s i s t e n c e

M a r k e t

Ltd., Avon Cycles Ltd., Tandem Group plc., and Dorel Industries Inc.

Global Bicycle Market 2016-2024