Global Bicycle Market Forecast to Grow to $65 Billion by 2019
Electric bicycle use in North America and Western Europe is a new trend in a growing transit option in these regions, concludes Lucintel’s report.
Lucintel, a leading global management consulting and market research firm, has come up with a comprehensive research report “Global Bicycle Industry 2014-2019: Trend, Forecast, and Opportunity Analysis.”
The global bicycle industry is expected to reach an estimated $65 billion by 2019. The major leader of bicycle industry is emergence of cycling as a preferred recreational and fitness activity, growing traffic congestion, and rising fuel prices.Full Story.by