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The COVID-19 epidemic has changed the exercise habits of Canadians, driving the upsurge of home fitness and outdoor sports. Business opportunities for home fitness equipment and outdoor sports products have emerged, including for home fitness equipment, bicycles, golf, camping, skiing products, and other hot products. Online sales growth has been amazing. The sports climate in Canada is prosperous, chain fitness channels are expanding rapidly, various sports equipment and supplies are in great demand, and the products are more diversified.
The France sports climate is booming. More than 58% of residents of the Greater Paris area exercise at least once a week for at least 30 minutes each time. Among them, indoor sports such as yoga or Pilates accounted for 13%, the largest proportion, followed by walking 12%, jogging 8%, swimming, cycling, muscle training, and other sports activities. Paris has ample public space where people can exercise without spending money, but there are also various specialized paid fitness centers in the city.
The Spanish government promotes bicycle culture and spares no effort. The rapid growth of bicycle users has also led to the growth of related enterprises in the bicycle industry. Among them, electric bicycles are the most popular, with sales increasing by 63.6% and sales of more than 40,000 units.
Although cargo bikes have been in use in one form or another for over a hundred years, there has been a sudden increase in the popularity of cargo bikes in recent years. What are cargo bikes being used for, and what are the reasons for their sudden popularity?
In recent years, the USA bicycle industry has experienced a slow, steady growth amid a series of disruptions. Between 2014 and 2019, dollar sales grew at a compound rate of 3 percent. With each passing year, consumers spent more, propelling impressive investment in burgeoning new segments such as gravel, E-bikes, composite bikes, event bikes, and kids’ bikes. At the same time, ongoing structural shifts spurred digital distribution models also garnering a share of overall revenues.
Electric bikes are one of the keys to the future of transportation, and more electric bikes were sold in the U.S. in 2021 than electric and hybrid cars combined. The global bicycle market is expected to grow by 38% by 2024.
Market surveys of the bicycle industry supply chains have found that since the outbreak of the pandemic in 2020, the average price of upstream raw materials has increased by nearly 50%.
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