BICYCLE MARKET ANALYSIS

Bicycle Market, By Product Type (Sports, Road, Mountain, and Hybrid(Sports+ Mountain)), By Technology (Electric and Conventional), By End-User (Men, Women and Kids), By Prices (Premium, Mid-Range and Low Range), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Global Bicycle Market- Recent Developments

Major companies in the market are involved in mergers and acquisitions in order to gain a competitive edge.

In January 2023, Yadea, a manufacturer of electric two-wheeled vehicles, launched its two new electric bike models at the Consumer Electronic Show (CES) 2023 in Las Vegas. The company unveiled models including the Innovator, URider S, and Trooper 1.
In January 2022, Cardinal Cycling Group, a sports goods manufacturer, acquired bicycle manufacturer Detroit Bikes. Detroit Bikes LLC has sold off its assets, including its brand, inventory and 50,000-square-foot factory, to Cardinal Cycling Group.
In May 2022, Government of Vermont introduced new electric bike and car incentive programs and continues an existing EV incentive program for state residents. The transportation sector currently causes about 40% of the state’s carbon emissions. Denver, Colorado, also launched an incredibly popular e-bike rebate program.