Posted 4/8/2024, 9:30:00 AM
Bicycle Popularity and Sales Expected to Surge as Cycling Trends Upward Among Health-Conscious Consumers
- Bicycle market size to reach $226.1 billion by 2032, with 8.1% CAGR
- Popularity of cycling as hobby drives demand for bicycles
- Electric bicycles cater to elderly and those unable to pedal long distances
- Notable increase in female cyclists due to health benefits like improved mental well-being
- Pandemic catalyzed bicycle market as people sought outdoor exercise with safety