Rising Urbanization, Congestion and Sustainability are majorly Driving the Rising Demand for Bicycles all over United States
According to Goldstein Research, United States bicycle industry is anticipated to reach USD 9.88 billion by 2025, expanding at a CAGR of 5.70% during the forecast period, 2017-2025. The US has always been an attractive market for bicycle industry but it got stagnated over the past few decades. But the bicycle industry in the US has revived & is considered as one of the largest markets in the world. In 2017, US accounted for 134 million cyclists. Although top bicycle manufacturers in the world such as Trek Bicycle Corporation, Specialized Bicycle Components, Inc. and GT Bicycles are located in the US the majority of a bicycle is imported from China & Taiwan. Further, the government in the US is also witnessed to push the growth of bicycles in order to maintain a healthy lifestyle among the people & to decrease the carbon emission. For market research on Bicycle Industry in United States, visit: https://www.goldsteinresearch.com/report/united-states-bicycle-industry-an...