Global opportunities for pounder bicycle company essay in 2021
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How is the bicycling market expected to grow?
The market is expected to grow as more and more people are resorting to bicycling as a regular form of exercise. Events, such as Tour de France and Ronde van Vlaanderen, are further adding to the popularity of these vehicles. Meanwhile, rise in bicycling events being organized in various countries from Asia, Africa,...
Where is the largest market for bicycles in the world?
Europe is expected to witness significant growth over the forecast period. Europe is home to some of the cities that are considered ideal for bicycle commutation. Some of the most popular bicycling events, such as Tour de France and Ronde van Vlaanderen, are also organized in Europe.
How is the Chinese bicycle sharing market growing?
Chinese bicycle-sharing companies are particularly investing and expanding their operations aggressively in European nations to capitalize on the market opportunities. This is expected to boost market growth further in the forthcoming years. People have started realizing the importance of staying fit and having a healthy life.
How many trips does a man make on a bicycle in the UK?
Men have historically outnumbered women in the use of bicycles for commutation. As per statistical data presented by the Department for Transport U.K., in 2019, on average, the U.K. men population made 25 cycling trips in a year as compared to 10 cycling trips by women population in the same year.
Last Update: Oct 2021
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