Bicycle Market Share By Brand 2017. Average annual consumer expenditure on bicycles. On road bicycles segment accounted for largest market share of 62 8 in 2017 owing to the rising sales of bicycle for fitness and mountaineering.
The road bicycle segment accounted for the largest market share in 2017 and is expected to emerge as the fastest growing segment over the forecast period. Over the forecast period e bikes are expected to take over the market share growing at a cagr of 7 14 during 2017 2030. Percentage breakdown of volume share by brand.
India is a huge market for two wheelers owing to easy manoeuvrability low cost and high efficiency.
Global bicycle market offers a range of bicycles including road bicycles hybrid bicycles all terrain bicycles e bicycles and others through offline and online retail stores. Over the forecast period e bikes are expected to take over the market share growing at a cagr of 7 14 during 2017 2030. India is a huge market for two wheelers owing to easy manoeuvrability low cost and high efficiency. From scooters to bikes to motorcycles to sport bikes all have grown.