Due to the increasing pollution, the penetration of bicycles around the world is increasing, which is an important factor to accelerate market growth during the forecast period. Cycling has several advantages. It helps people live a healthy life. Cycling can improve strength, coordination and balance. Recent trends show that the bicycle market has grown in recent years and may further develop at a good growth rate in the future.
The sale of bike racks depends on the sale of bicycles. Cycling and its benefits have become popular on social platforms such as Facebook and Instagram, driving the growth of the bicycle market, which in turn accelerates the growth of the bicycle rack market. Many organizations and residents' associations have applied the bicycle sharing platform, which has also greatly promoted the development of bicycles and racks. The company has begun installing safe bike parking, showers and facilities to make it easier for employees to ride bicycles to work, boosting the growth of the bike rack market during the forecast period.
The COVID-19 pandemic has had a positive impact on the growth of the bicycle rack market to some extent because of strong consumer demand for many sports-related items such as cycling. For example, a British study found that cycling to work reduced the risk of cancer by 45 per cent and cardiovascular disease by 46 per cent compared with commuting by car or public transport. In addition, the global adoption of bicycles by the government has affected the growth of the bicycle frame market. As a result, this trend will drive market growth in the next few years.
Post time: Dec-30-2021