Bicycle Bags and Bag

The bicycle bags and bag-packs market was worth US$ 489.5 Million in the year 2022 and is expected to reach US$ 724.2 Million by the year 2029 at a CAGR of 5.8% between 2022 and 2029.

The present situation is such that people have begun to very well understand the vitality of cycling to stay fit. Moreover, the fact that cycling can help in keeping obesity at bay is the factor drawing bicycle bags and bag-packs market. As does frequency of cycling increase; so do sales of bicycle bags and bag-packs. Long bicycle tours are also in greater demand amongst the youth. Long tours do ask for various travel bags for transporting the journey's basics.

The manufacturers are into promotion of bicycle bags as well as bag-pack sales by opting for social media for creating brand awareness. At times, even celebrities are roped in for this purpose. The ongoing trend also speaks of devising footwear to cater to cycling. For instance – Shimano, Inc., in 2019, came up with cycling footwear called RC5W (SH-RC500) and RC5. These fall in the category of mid-range road cycling shoes.

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At the same time, the fact that there is a dearth of dedicated cycling tracks in under-developed economies can't be ignored. This factor could hamper the bicycle bags and bag-packs market going forward.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Bicycle Bags and Bag-Packs market’. It has its team of analysts and consultants to look through the macros as well as micros.

"Europe is expected to grow seeing the increase in number of female cyclists in regions like Germany", says an analyst from Future Market Insights.

Key Takeaways from Bicycle bags and Bag-Packs Market

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What does the Report say?

BICYCLE BAGS AND BAG-PACKS MARKET TAXONOMY

The global bicycle bags and bag-packs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

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