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Global Bike Industry Trends in The Next 5 Year

  • Author:Rita
  • Release on:2015-12-16

Recently,An authoritative institutions offer a analysis for the  global bike industry.

The global bicycle industry is expected to reach an estimated $65 billion by 2019. The major driver of bicycle industry is emergence of cycling as a preferred recreational and fitness activity, growing traffic congestion, and rising fuel prices. Increasing demand for lowcost transportation in developing countries helps to drive the bicycle industry. Electric bicycle use in North America and Western Europe is a new trend as a growing transit option in these regions. Despite various challenges, the market for bicycle is expected to grow over the next five years. 

If this analysis is right,that's mean the global bike rack industry will flourish aslo.So,as the top bike rack supplier  in China, Suzhou Pioneer Vehicle company will have more confidence for the bike rack industry.We would  offer the best proucts and service all the time.