Globally, there has been a rise in the number of commuters who prefer bicycles for their everyday activities. This is attributed to rising fuel prices and the need to reduce the air pollution caused by automobiles. For instance, many people in Europe now prefer bicycles to work. Besides, governments and municipal bodies in the region are constructing bicycle-friendly streets. Similarly, China is observing an increase in the number of commuters using battery-operated bicycles. With the growing adoption of bicycles, the demand for bicycle gearboxes will increase during the forecast period.
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As per Technavio, the availability of multiple gearbox configurations will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Bicycle Gearbox System Market: Availability of multiple gearbox configuration
A variety of gears are available for bicycles in the market. Some are single-geared and some are multi-geared. The gear ratio is fixed in the single-geared system. In the case of a multiple gear system, a set of gears is used that allows riders to choose suitable gear ratios based on the…