CYCLING WEAR MARKET ANALYSIS

Market Concentration and Competitive Landscape

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There is a growing concern about environmental degradation and climate change issues globally. People are looking for sustainable options to commute as well as for leisure activities. Cycling is one such environment-friendly mode of transport that does not cause pollution. Many cities are promoting non-motorized and public transport by developing separate cycling tracks and lanes. Citizens are encouraged to use bicycles for short-distance daily commutes to reduce vehicular traffic and carbon footprint. E-bikes are also gaining popularity as they allow traveling slightly longer distances while expending less physical effort. Various social initiatives promote cycling as a green lifestyle choice. Cycling events and clubs bring people together for recreational cycling while campaigns spread awareness about benefits of cycling. More users are opting for cycling gears made from recycled and sustainable materials. The younger generation, in particular, is quite passionate about adopting green habits including cycling. With climate change at the forefront, the eco-friendly image of cycling continues to inspire its growth worldwide.