Market Overview

The global bicycle market size was USD 65.43 billion in 2019. The global impact of COVID-19 has been unprecedented and staggering, with bicycles witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global bike market will exhibit a stellar growth of 48.55% in 2020. The market is projected to grow from USD 97.20 billion in 2020 to USD 147.24 billion in 2027 grow at a CAGR of 6.1% in the 2020-2027 period. People use bicycles for their daily commute purposes and other activities such as exercise, sport and hiking. The growing aeareness regarding the health benefits of paddling among the prople is primarily driving the demand.

Problem - Opportunity - Market Size

In fact, most people do not reach the average physical activities frequency. More than 25% of matures and nearly 80% of teenagers do not exercise. Which causes 39% percent of adults aged eighteen years and over were overweight and 13% were obese. And it's trending to increase on next years. So how could we do to amend this problems? Is there any strong motivation to make they more active?

Together with the development of Fitness App, Wearables in recent years, which is over 800 million people use wearables or fitness apps in 2020, and the strong rise of blockchain technology today, we bring a break-through solution to make the world move, called "Cycling App".

Cycling App targets online and virtual fitness market, which is expected to reach $59.23 billion by 2027, growing at CARG of 33.1% from 2020-2027 (According to Allied market research).