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USD 147.24 billion by 2027, exhibiting a CAGR of 6.1% during the forecast timescale. Bicycles are commonly used for commuting, exercising, hiking, and sports by a wide population across the globe. Bicycles are an eco-friendly, safe, and comfortable mode of conveyance. Riding a bicycle or paddling possesses several health benefits. Fortune Business Insights™ has presented this information in a report titled, “ Bicycle Market, 2020-2027”. The market size stood at USD 97.20 billion in 2019. The bicycle market is gaining immense popularity due to several reasons. For instance, the growing awareness amongst consumers regarding the health benefits proposed by paddling is prominently driving the bicycle market growth.

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