Bicycle Apparels & Accessories Market 2021 Global Industry – Key Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2027
Market Forecast The global bicycle apparels & accessories market is projected to be valued at USD 9,529.1 million by 2027, recording CAGR of 5.05% during the forecast period. High involvement in outdoor activities, an increasing number of triathletes, and stringent government regulations regarding cyclist safety have cumulatively resulted in the market's growth in the past few years. Moreover, initiatives by governments to promote safety while riding and the influence of social media and innovative marketing strategies are expected to create lucrative opportunities during the review period. The COVID-19 pandemic has fundamentally changed the buying behaviour of consumers. It has been noticed that consumers are shifting their budget towards essential goods, such as masks, sanitizers, and household goods. However, it has been observed that bicycle sales surged in 2020, as cycling proved to be the perfect socially distanced outdoor activity, and as gyms and health clubs shut do