Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Global bicycle market driven by environmental concerns and government schemes

Global bicycle market driven by environmental concerns and government schemes


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2012-12-03 19:11:56 - Global bicycle market driven by environmental concerns and government schemes

The global bicycles market has been forecast to hit a value of US$60.4 billion by the year 2018, buoyed by concerns for environmentally sustainable means of commuting, greenhouse gas emissions, technological advancements and rising fuel/energy prices.Increasing awareness of the benefits of outdoor exercise and play in the growth and welfare of children has led to a surge in interest that is changing the market for bicycles, as parents seek to offset the ill-effects of increasingly sedentary lifestyles.As urban populations increasingly move into self-contained communities, manufacturers of bicycles are coming up with flexible new designs that can fit into widely varying locations.A sharp increase in gasoline prices has led to a noticeable rise in demand for bicycles in various parts of

 

 

the world. Unprecedented rise in petrol prices that skyrocketed to all time highs in recent years drove people, particularly fitness enthusiasts, to adopt cycling for transportation. In fact, for commuting to short distances in cities, bicycles are considered faster, and economise on space.Once considered a cheap and convenient mode of transport, the bicycle is now gaining in popularity as a ´green´ mode of inner city transport and exercise, particularly in European countries. Recent initiatives in London, such as the introduction of the ´Boris Bike´ scheme are also encouraging increased bicycle use in the city, particularly amongst families.Australia, Germany and the Netherlands have a Government sponsored network of bicycle paths and trails. Globally, bicycles are considered as environment-friendly products and the latest electric-power bicycles are recognised as ´green transport vehicle.´ Electric-power bicycles are well received in several regions including China.Asia-Pacific, spurred by intense activity in heavily populated countries of China, India, Taiwan and Indonesia represents the single largest bicycles market, with the region expected to expand at a sturdy compound annual growth rate (CAGR) of 6.4% through 2018. China is a chief provider of fully assembled bicycles, frames and other components and accessories. The country is also the largest bicycle market in the world, despite the growing middle-class population switching to automobiles.For more information on the global bicycle market, see the latest research: Global Bicycle MarketFollow us on Twitter @CandMResearch

Click for news details: www.companiesandmarkets.com/News/Consumer-Goods/Global-bicycle-m ..

Browse all Consumer Goods C&M News www.companiesandmarkets.com/News/Consumer-Goods/?aCode=f3fb3973- ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser