Post-quarantine scenario, biking is seen as the primary mode of transportation for many people due to the limited public transport to ensure social distancing.

These bike programs also promote bike-friendly communities nationwide.

Such bills seek to establish the proper infrastructure to make biking on roads safe for all. Governments are also introducing programs that dictate transportation departments to develop bicycle lane networks, including sidewalk upgrades, crossing improvements, parking racks, off-street shelters, service centers, and specialized traffic signs and signals. Governments are increasingly taking up initiatives to restructure and redesign streets to accommodate the influx of bicycles. Stringent lockdowns imposed in 2020 led to increased bicycle sales due to the suspension of public transportation. People prefer bicycles and public transportation to prioritize private motor vehicles on roads in cities or municipalities. Amid the emerging bike culture worldwide, bicycles are now considered an alternative mode of transportation in the new normal. The e-mobility projects and EV charging infrastructure in public spaces are boosting worldwide. The market witnesses rising demand for new automated bicycle solutions. MRFR suggests that it’s a crucial time for investments in the bicycle industry. With government initiatives for micro-mobility proliferation, the market is projected to garner significant traction over the next few years. Besides, rising electric vehicle infrastructure development activities as a part of smart city projects increase the market demand.

The broad uptake of these small, lightweight vehicles drives the market growth. The bicycle market is witnessing continually rising revenues. Market Research Future’s Review on Bicycle Market List of Key companies profiled in the Bicycle Market research report are. 07, 2021 (GLOBE NEWSWIRE) - Bicycle Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “ Bicycle Market Information By Type (e-Bikes and Conventional Bikes), By Application (Racing, Transportation Tools and Recreation) – Global Forecast 2030”, the market is projected to be worth USD 154.43 billion by 2030, registering a CAGR of 7.81% during the forecast period (2022 to 2030), the market was valued at USD 59.17 billion in 2021.

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