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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.

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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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What California’s new equity rule means for economic reopening

OAKLAND, Calif. — California has launched the nation’s first mandate on reopening that requires local officials to control the coronavirus in their most impoverished communities before easing business restrictions across their entire county.

a group of people sitting at a table in front of a building: Patrons eat at table set up on a sidewalk in Burbank, Calif.

© AP Photo/Marcio Jose Sanchez
Patrons eat at table set up on a sidewalk in Burbank, Calif.

The approach is aimed at tackling a persistent inequity in California, where low-income people of color have disproportionately struggled to avoid contracting the disease.


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“If you believe in growth and you don’t believe in inclusion, then we’re going to leave a lot of people behind,” Gov. Gavin Newsom said this week. “And one of the things we value as a state is inclusion, and we believe that we’re all better off when we’re all better off.”

The Covid-19 pandemic has laid stark the health disparities that have long existed, with poor, Black, Latino, Pacific Islander and Native communities being hardest hit by the pandemic. Latinos, for example, make up about 40 percent of the state’s population, but account for more than 60 percent of coronavirus cases and half the deaths.

California’s “equity metric” attempts to tackle that disparity by requiring that the 35 largest counties invest more in testing and ensure that positive rates of infection in the most disadvantaged neighborhoods come close to meeting the county’s overall positivity rate. The rule ensures that restaurants in Beverly Hills can’t resume indoor dining unless the most impoverished census tracts also show low rates of infection.

The change adds a third metric to the state’s newest reopening structure, which Newsom unveiled in late August and billed as an improvement to the previous approach that has been blamed for the state’s summer infection surge. Before now, the new structure has relied only on a county’s overall positivity mark and the rate of new infections.

The equity move could prompt counties to expand testing in low-income neighborhoods and provide tests to anyone who fears they have been exposed, not just those who show symptoms. That may allow such communities to more quickly isolate patients, especially those who are asymptomatic.

The metric uses the California Healthy Places Index to identify the lowest, most disadvantaged quartile in the larger counties’ census tracts. The smallest 23 counties are exempt — with populations of 106,000 or below — but still have to provide the state with an equity plan for their most vulnerable populations.

Orange County Supervisor Don Wagner, a former Republican state lawmaker who has been critical of Newsom’s restrictions, called the new measure “virtue signaling” on the part of the Democratic governor. He also described it as another example of “moving the goal posts,” potentially delaying further business reopenings.

“Even if you meet others but don’t meet the equity one, you’re stuck,” Wagner said.

Tuesday marked the first state update to county tiers since the equity metric was quietly rolled out last week. There remained plenty of confusion and mystery around how it might impact county status, but its debut mostly had no effect

Maryland allows child care centers to expand capacity as part of economic recovery plan

The Maryland State Department of Education announced Thursday it will allow child care centers to operate at the capacity for which they are licensed, easing restrictions previously meant to help mitigate the spread of the coronavirus in an effort to support the state’s economic recovery.

Since May, Gov. Larry Hogan, a Republican, has gradually lifted capacity restrictions promoting social distancing inside “high-risk locations” such as restaurants, brick-and-mortar retail shops and places of worship. Now, almost all businesses have reopened in some fashion, though most still have restrictions such as capacity limits, face covering requirements and temperate checks.

The expansion of child care comes as a relief to both providers that operate on tight margins and parents who have struggled to find quality care while public schools continue to operate remotely.

“It’s a game changer,” said Rich Huffman, CEO of the Celebree day care and education program, which runs child care programs for multiple age groups throughout Maryland. “It allows for us to do what we do best, and it allows more parents to go back to work. It’s going to be a huge part of the state’s recovery.”

Child care centers can now have as many as 30 school-aged students in the same room with a ratio of one teacher for every 15 students.

Since July, child care centers have been limited to no more than 15 people per classroom. In March, the state closed child care centers except for the children of essential workers as the pandemic swept into the state.

State schools superintendent Karen B. Salmon said at an Annapolis news conference that more than 82% of licensed child care centers have reopened since March. But they have remained financially hindered due to the shutdown and capacity limits, she said, forcing many parents to turn to unlicensed providers who don’t meet state standards to care for children.

“Hopefully this action will assist in limiting the many unregulated and illegal operators that have sprung up in recent months, ” Salmon said. “There are no criminal background checks, no oversight, and parents can not be sure that their children are in a safe environment.”

Maryland Family Network deputy director Steve Rohde said the increased slots made available to families will mean greater protections for children. In the current situation, he said, there are fewer adults to help children wash hands and adhere to other health protocols.

While the extra slots will help some families who are on waiting lists at their day care centers, he said there are many centers that currently have openings.

“Parents are in a real quandary right now in terms of school and child care and their comfort level,” he said. “Getting back to the child care ratios in place before COVID is a good step.”

Some parents with young children had already secured temporary child care services to fill the gaps caused by the state’s restrictions. It’s unclear how many of them will switch back to licensed child care centers and providers.