#Bicycle manufacturing process pdf Offline#

Some of the major reasons considered for adopting and driving e-bikes worldwide are their health benefits, avoidance of traffic congestion, environmental benefits, and the increase in demand for e-bikes as sports equipment. Īpart from the European region, in countries like China and Japan, e-bikes have grown in prominence. Furthermore, various governing bodies in Europe, Asia-Pacific, and Africa, particularly South Africa, promote road racing, touring and leisure cycling, track racing, off-road racing, and mountain cycling events. Favorable government and employer initiatives are expected to drive the market studied over the forecast period. However, in the middle of 2021, there was an increase in the number of cycling events. Sales were strongest for bikes under GBP 1,000, although GBP 1,000+ e-bikes also did well (from a low base) with a sales increase of 150%. For example, Dutch e-bike brand VanMoof saw a significant rise in sales in line with the COVID-19 outbreak in Europe and, later, in the United States.įurthermore, as per the United Kingdom Bicycle Association, between April and June 2020, bicycle sales increased by 63% year-on-year. Moreover, with the growing health-consciousness among consumers, bicycles are now seen as an increasingly dependable and healthy mobility option. However, the demand for bicycles started picking up recently with significant growth in the number of consumers trying to avoid public transportation due to fear of contracting the virus.

#Bicycle manufacturing process pdf Offline#

The sales of bicycles witnessed a slump initially owing to the closure of offline stores worldwide due to the COVID-19 pandemic-induced restrictions. The bicycle market is projected to register a CAGR of 4.29% during the forecast period 2022-2027.