Global Two-Rider Bicycle Market Size, Growth, Opportunities Analysis, And Forecast To 2017-2027
Bharat Book Bureau Provides the Trending Market Research Report on “Global Two-Rider Bicycle Market By Propulsion (Conventional, Electric), By Application (Mountaineering, Recreational, Conveyance), By Distribution Channel (Offline, Online), By Region, Competition, Opportunity and Forecast, 2017-2027” under the Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The global Two-Rider Bicycle Market is anticipated to grow at an impressive rate during the forecast period, 2023-2027. The surge in demand for cycling for recreational, leisure, and physical activities and the emergence of two-rider bicycle services are the primary factors driving the demand for the global two-rider bicycle market. Bicycles are preferred as a practical form of exercise to maintain a healthy life free from obesity and other diseases. The demand for effective ways to rent or hail bicycles and the advancement of technology will both contribute to the growth of the global two-rider bicycle industry over the next five years. High-end investments by the market players in research and development activities and the shift of the market players to alternate bicycle selling platforms are expected to influence the market demand. Dock less bicycle sharing programs have recently become more and more popular. Users can utilize the technology to find nearby bicycles and electronically unlock them. Dock less bicycle-sharing programs, which were first introduced in Europe, are extremely well-liked by young people looking for exciting ways to exercise, especially in Asian countries like India and China.
The global two-rider bicycle market is segmented into propulsion, application, distribution channel, regional distribution, and competitive landscape. Based on propulsion, the market is differentiated between conventional and electric. The conventional segment dominates the market and is expected to maintain its dominance in the next five years. Low repair and maintenance costs of conventional bicycles are driving the segment demand compared to electric propulsion bicycles. Moreover, while the bicycle has been a convenient mode of transport, bicycling has emerged as a leading sporting and leisure activity, especially among women, in the past few decades.
The major market players operating in the global two-rider bicycle market are Cycling Sports Group, Inc., Co-Motion Cycles., da Vinci Tandem, Kinethic Bikes, Privacyverklaring Accell Nederland BV (KOGA), Santana Cycles, Hase Spezialräder (Hase Bikes), Cannondale Bicycle Corporation, Ritchey International SAGL, Seven Cycles, Inc.
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