The conventional segment had the highest revenue share of more than 80.0% in 2021 and is expected to maintain its dominance throughout the forecast period. The large Bicycle Market share can be attributed to a variety of factors, including lower repair and maintenance costs for conventional bicycles versus electric bicycles. Furthermore, while the bicycle has long been a convenient mode of transportation, it has recently emerged as a leading sporting and leisure activity, particularly among women. In terms of technology, conventional bicycles for women currently dominate the global market. Because electric bicycles are simple to use, the electric segment is expected to grow at the fastest rate, with a CAGR of 10.2% over the forecast period.
Know more about Bicycle Market
