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Middle East & Africa Bicycle Market is expected to grow over 5% CAGR - Actual Market Research
Dec, 30
2020

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Middle East & Africa Bicycle Market is expected to grow over 5% CAGR - Actual Market Research

 

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High-income developing countries in Middle East are known for their limited adoption of cycling compared to other countries of the world. Given that some of these countries lack a cycling culture, it is necessary to identify the infrastructure and programs needed to increase the cycling modal share. The market was valued at USD 4.79 Billion by the end of 2015, which is expected to grow over 5% CAGR in the forecasted period. The region remains one of the world’s most repressive countries for women, where a man’s consent is obligatory for women to access human rights. With some changes are creeping in to loosen the grip of male guardianship, women were still not allowed to drive, not even a cycle for a long dark. Nevertheless, since the year 2017, the women took step towards the cycling and are now leading the way to cross border recognitions. This has given a boost to the women bicycle segment, which is expected to grow to a share of more than 7% by value, a marginal difference from its share in 2020.

While on the outside, Dubai and Abu Dhabi may not be considered bike-friendly cities due to their busy roads, there are several tracks across the countries, which are perfect for individual, and group rides. The market is highly dominated by road bikes, contributing to more than 30.51% by both value and volume in the year 2020.

South Africa is arguably one of the best locations in the world for both guided and self-supported bicycle tours of various lengths. The country dominates the market by terms of volume with a share of less 20% and slightly lower share in value, in 2020. Cycling in UAE is becoming a popular choice among fitness enthusiasts who prefer outdoor sports over. The beautiful and sleek tracks of UAE are dreams come true for any cyclist, allowing the market to reach a value of USD 0.98 Billion in the year 2026.

The major constrain in the market was the restriction lied on the women cyclists which have now waved off to a certain limits. Covid-19 gave the South African bicycle industry it best winter ever, with a number of bicycle stores surpassing peak December sales in normally quiet months as demand for bicycles soared.