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Bicycles And Buses Will Be Future’s Dominant Modes Of Urban Mobility, Predict 346 Transport Experts

A significant new report supported by the World Economic Forum argues there must be a “transport transformation” if the planet is to benefit from the Paris Agreement’s decarbonization commitments.

The Transport for Under Two Degrees project published its Way Forward report on October 8 arguing that governments around the world should stop subsidizing motoring and must, instead, build cycleways and wider sidewalks to anticipate the likely future of “active transport” in cities.

Public transit use must also be boosted, urges the T4<2° project, which was commissioned by Germany’s Federal Foreign Office, or Auswärtiges Amt, and produced by the Berlin-based think-tank Agora Verkehrswende and Deutsche Gesellschaft für Internationale Zusammenarbeit, or GIZ, a federal consultancy service.

Way Forward—two years in the making—is based on existing studies and new qualitative interviews with international experts from the transport and energy sectors, including from companies, NGOs and national and local governments. A further 346 senior experts, from 56 countries, were quizzed with follow-up surveys.

“As the study underlines, decarbonization of the transport sector is crucial and, at the same time, possible, given our technical advances and the international governance structure,” stressed the report’s foreword, written by Hinrich Thölken, Director for Energy and Climate Policy at Auswärtiges Amt.

Coronavirus

The report—Transport for Under Two Degrees: the way forward—acknowledges that the massive drop in motoring during national lockdowns showed that change is possible: “Responses to COVID-19 have shown potential for systemic changes to the mobility sector.”

There is now an “opportunity to align governance structures in the mobility sector towards a more sustainable, resilient, efficient and inclusive system,” adds the report which highlights ten “key insights” that policymakers worldwide should consider to decarbonize their transport systems.

The insights are hardly novel—transport can only be decarbonized if married to a massive expansion of wind and solar power, for instance—but the predictions of how we will travel in cities and rural areas within 30 years will come as a shock to those who remain wedded to their cars.

The experts say that personal car use in the cities of the future won’t be sustainable, and policymakers will have to legislate to remove cars from the urban environment. If this occurs, the majority of the experts believe the full decarbonization of the transport sector is possible by mid-century.

However, forget clever fixes: the experts overwhelmingly agree that instead of tech solutions people must be forced to switch away from planet-damaging transport modes.

“There is no technological solution to a societal problem,” said Agora Verkehrswende director Christian Hochfeld

Bicycle Market | Environmental & Economic Benefits of Bicycles to Boost the Market Growth

The global bicycle market size is poised to grow by USD 10.5 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005263/en/

Technavio has announced its latest market research report titled Global Bicycle Market 2020-2024 (Graphic: Business Wire)

The health, environmental, and economic benefits of cycling will be a significant factor driving the growth of the bicycle market. Regular physical activity such as riding a bicycle can help in reducing the risk of various health issues, including cardiovascular diseases, obesity, mental illness, cancer, diabetes, and arthritis. Cycling also helps in reducing and controlling weight by building muscle and burning body fat. Bicycles are highly economical and do not involve fuel, insurance, and maintenance costs. Moreover, bicycles are environmentally sustainable and do not contribute to air pollution, noise pollution, and GCG emissions. These benefits of bicycles will boost its adoption among end-users and consequently fuel the growth of the market during the forecast period.

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Report Highlights:

  • The major bicycle market growth came from the on-road and track bicycles segment. On-road bicycles offer high comfort, which makes it ideal for traveling long distances while touring cities. Track bicycles are optimized for racing on outdoor tracks or velodromes. Hence, with the growth in cycling tourism and velodrome events, the demand for on-road and track bicycles will also grow during the forecast period. However, market growth in this segment will be slower than the growth of the market in the x-road and hybrid bicycles segment.

  • APAC was the largest market for bicycles in 2019, and the region will offer the maximum growth opportunities to market vendors during the forecast period. The increasing health consciousness, growing environmental concerns regarding CO2 emissions, rising urbanization and traffic congestion, and growing use for personal transportation will fuel the bicycle market growth in this region.

  • The global bicycle market is fragmented. Accell Group NV, Atlas Cycles (Haryana) Ltd., Derby Cycle Holding GmbH, Dorel Industries Inc., Giant Manufacturing Co. Ltd., GUANGDONG TANDEM INDUSTRIES Co. Ltd., Insera Sena. PT., Merida Industry Co. Ltd., Tandem Group Plc, and Trek Bicycle Corp. are some of the major market participants. To help clients improve their market position, this bicycle market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global bicycle market 2020-2024 is expected to have Negative and Inferior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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