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India Bicycle Market Outlook 2021

  • Date Submitted: 06/06/2016 01:32 AM
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Market Reports on India presents the latest report on “India Bicycle Market Outlook 2021”. http://www.marketreportsonindia.com/industry-mfg-market-research-reports-13829/bicycle-india.html   The report also covers the leading companies that are involved in the manufacturing various bicycles.
06th June 2016 – Navi Mumbai, India: Market reports on India presents the latest report on “India Bicycle Market Outlook 2021”. The report covers the Indian bicycle market in a detailed segmental analysis with the value and volume analysis.
India bicycle market is fragmented in domestic and international players. The report covers the detailed insights of the bicycle market in the Indian market. The report covers the Indian bicycle market in a detailed segmental analysis with the value and volume analysis. The report also covers the leading companies that are involved in the manufacturing various bicycles. The report also gives an idea on the product variant pricing analysis of each of the product available in the bicycle market such as roadsters, mountain cycle, lifestyle cycle, ladies cycle, gents and kid's cycle. 

India has been witnessing the slow growth since last decades in bicycle market. Rising disposable income, rapid urbanization and massive growth in infrastructure led to increase in the vehicular population in India which hindered the growth of bicycle market. However, the market is showing positive growth from recent four-five years. Rural consumers are the key end users of bicycle as in rural area bicycle is one of the most important modes of transportation for middle and low income groups. The key features of bicycle such as affordability, environment-friendly and health-friendly are driving the demand of bicycles in India. India bicycle market grew with a CAGR of just 1.04% in the period of five years from 2010 to 2015. At present, the trend of premium bicycle is emerging in India and hence all the domestic players are making efforts to grab the space in...

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