Bike Industry Growth at Wallpaper

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Bike Industry Growth. This shows a tremendous growth of the bicycle industry, increasing from an annual turnover of around 5 billion euros 20 years ago, to nearly 14 billion euros in 2019. The global bicycle market size was valued at $ 20,280.0 million in 2019.

Chart Bike Sharing Takes Off Statista
Chart Bike Sharing Takes Off Statista from www.statista.com

Bike accessories accounted for $903 million in revenue and grew 36%; The market is projected to grow from usd 127.44 billion in 2022 to usd 223.50 billion by 2029, exhibiting a cagr of 8.4% during the forecast period. According to the latest market research projection study, the global bicycle market size is estimated to be valued at usd 154.43 billion by the end of the year 2030, growing at a compound annual growth rate of a cagr of 6 percent over the forecast timeframe of between 2022 to 2030.

Chart Bike Sharing Takes Off Statista

Bike accessories accounted for $903 million in revenue and grew 36%; The bicycles market in the u.s. By 2030, the pedelec market is expected to grow to 13.5 million units sold annually, if favourable legislation can be upheld. The market is projected to grow from usd 127.44 billion in 2022 to usd 223.50 billion by 2029, exhibiting a cagr of 8.4% during the forecast period.