Zion Market Research Global Bicycle Market Size, 2015 - 2021 | Page 2

Bicycle Market
A bicycle is a pedal-driven and single-track vehicle. It is an imperishable type of transport.
Bicycles are environment-friendly. They are available at affordable prices and are healthy as
well. It is a convenient mode of transport as compared to the petrol and diesel engines, which
are the leading cause of environmental pollution. In certain regions, the bicycle is a primary
means of transportation.
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On the basis of design, the global bicycle market is segmented as racing bicycles, fixed gear
bicycles, touring cycles, and cruisers. Fundamental changes have been implemented
respectively to the design and application of the bicycle in order to meet the need of rising
demand. They offer a well-liked form of leisure and have been modified for the use as children’s
toys, military and police applications, courier services, and bicycle racing. The mountain bikes
and hybrid bikes are dominating the market by serving the consumers who love to ride in
terrain areas and also the working professionals who prefer taking a ride to a workplace for
short distance. On the basis of various types, the bicycle market is further segmented as the
adult bicycle, kids bicycle, and sports type. Based on the technology used, the global market is
segmented as human pedaled bicycle and electric bicycle.
Owing to the consumer’s health consciousness and fit lifestyle, the global bicycle market is
anticipated to witness high growth in the near future.