Technavio Research: High-End Bicycle Market by Distribution Channel, Product, and Geography - Forecast and Analysis 2020-2024 | Technavio
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Technavio has announced its latest market research report titled Global High-End Bicycle Market 2020-2024 (Graphic: Business Wire).
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The growing disposable income is one of the major factors propelling market growth.
More details: https://www.technavio.com/report/high-end-bicycle-market-industry-analysis
High-End Bicycle Market: Product Landscape
Hybrid bicycles are ideal for riding over various types of terrain and can be used for commuting on a day-to-day basis. These bicycles have a flat handlebar and are equipped with brake and gear components similar to mountain bicycles. Moreover, these cycles are lightweight and have thinner wheels and smooth tires, which allows riders to gain higher speed with less exertion. Because of their stability, comfort, and ease of use, hybrid bikes have gained significant popularity among cyclists, casual riders, commuters, as well as children. However, market growth in this segment will be slower than the growth of the market in the mountain bikes and road bikes segment.