Cycling Sales to Grow by 38% to 56 Billion euros in 2024

NEW YORK, USA – US market researcher Persistence forecasts that the global bike market is to grow by 38% up to 2024. By then cycling sales will amount to 56 billion euro; up big from the 40 billion it was in 2015. The market researcher concludes that e-bikes are to show an impressive annual growth rate up to 2024.
Integrating e-bikes with sports and mountain bikes presents electric bicycles with ‘impressive annual growth rates’ during next years. – Photo Cube