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The bicycle market size is forecast to increase by USD 25.54 billion between 2023 and 2028, accelerating at a CAGR of 6.69% during the forecast period. The market's expansion is fueled by a multitude of factors. Firstly, the surge in bicycle sports events has significantly contributed to its growth trajectory, fostering a vibrant ecosystem of enthusiasts and professionals alike. Additionally, the recognized health and environmental benefits associated with cycling have propelled its popularity among consumers, driving demand for sports bicycles and related accessories. Furthermore, supportive government policies and initiatives aimed at promoting sustainable transportation alternatives have provided a significant boost to the market. By incentivizing cycling infrastructure development and implementing measures to encourage bicycle usage, governments worldwide are playing a crucial role in fostering a cycling-friendly environment. These factors drive the market forward, positioning cycling as a preferred mode of transportation and recreational activity for individuals and communities globally.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Market Segmentation by Distribution Channel
9 Market Segmentation by Propulsion
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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