In order to lower the pollution levels, government in various countries are increasingly encouraging adoption of bicycles as a short mode of transportation. As the need for eco-friendly mode of commutation remains high, demand for bicycles will continue to increase significantly. The ruling authorities in various countries are encouraging adoption of bicycles as a public transport in metro stations and bus stands. In addition, growing need for riding bicycles to maintain health and fitness will continue to fuel growth of the global bicycle components market.   
Rising adoption of cycling as a fun and fitness activity is a key factor boosting the bicycle and components market. Cycling helps stimulate physical and mental health, and rising consumer acceptance that this activity fosters health and well-being is aiding the growth of this market. Cycling is increasingly being adopted as a recreation activity that individuals indulge into with friends and family. Health practitioners worldwide recommend cycling as an aerobic activity, and serves as preventive care against several diseases such as stroke, heart attack, some cancers, and depression. Cycling is considered to be an effective activity to reduce or maintain weight as a preventive against several lifestyle diseases. 
Expansion of retail bicycle sector has also been a key factor bolstering the bicycle and components market. The emergence of specialty bicycle retailers, sporting goods stores, and mass merchants is expected to provide a significant boost to the growth of this market. The emergence of online sales as a significant retailing channel is anticipated to take the bicycle and components market to new heights. In addition, emergence of outdoor specialty stores that have enhanced visibility of bicycles among shoppers is likely to boost sales of bicycles globally.
The Global Bicycle and Components Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Bicycle and Components Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Giant Bicycles
Atlas Cycles
Avon Cycles
Cannondale Bicycle Corporation
Accell Group
Caloi
Merida Industry
Currie Technologies
Dorel
Shimano
SunTour

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Rims
Saddles
Frames

In Market segmentation by applications :
Mountain Bikes
Road Bikes
City Bikes
Electric Bikes
Children Bikes
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Bicycle and Components Market for the forecast period 2023-2030?
• What are the driving forces in the Bicycle and Components Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Bicycle and Components industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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