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.
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.
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?
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.
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 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.
Affected by the COVID-19 epidemic, the total sales of the sports goods market from February to June 2020 was 837.8 billion won, a 40% decrease compared to the same period in 2019, and the number of private sports industry companies also decreased by 28.6%, 2020. South Korea’s overall sports market was a year of decline.
Should I buy a road bike, mountain bike, folding bike, single-speed bike, or city bike? How do I choose a bike that suits me?
With the advent of the E-Bike generation, how should Taiwan’s bicycle industry develop?
Global environmental awareness is rising, and bicycles have gradually changed from sports and leisure functions to commuting means. Among them, electric bicycles have been fueled by an aging population, which has led to a substantial increase in the global output of electric bicycles in recent years.